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Ellevest vs Acorns

Ellevest is a women-focused robo-advisor specifically tailored to women's life cycles and goals. How does it compare to Acorns? Read our comparison chart below.

Ellevest is a robo-advisor aimed to serve women's needs. It specially tailors portfolios for women's financial goals and life cycles. You get unlimited access to Ellevest's human financial advisors. Fees are low starting at 0.25% and there is no minimum balance for the basic account.

While Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee is waived for college students. Otherwise, the fee starts at $1/month for accounts under $5,000. There is no minimum to open.

Compare Ellevest with Acorns, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Acorns
 Learn MoreVisit Site
 

Ellevest

Acorns

SPECIAL OFFER
$5 Sign-Up Bonus - Learn More

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Benefits and Features

Stock Trading Part of service fee. Free for college students for 4 years. No add-on trading fees.
Annual Fee0.25% for basic Digital account; 0.50% for Premium accountFree for college students; $1/mo for Acorns; $2/mo for Acorns + Acorns Later; $3/mo for Acorns + Acorns Later + Acorns Spend
Minimum Deposit
$50,000 for Premium account
$0
Phone Support
Yes - normal business hours
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
No
Robo Advisor
 
Assets Under Management
$67.6 Million
$1 Billion
Tax Loss Harvesting
No
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
No
Yes
Android App
No
Yes
Banking Acorns Spend checking account comes with a debit card and has no minimum balance requirement, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide. $3/mo for Acorns + Acorns Later + Acorns Spend.
Mobile App 
Yes
Single Stock Diversification 
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
No
Yes
Trust Accounts
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 Acorns
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Pros & ConsPros:
  • Focused on women's financial goals
  • No minimum investment
  • Ability to change investment plans
Cons:
  • Limited account options
  • No tax loss harvesting
  • Newcomer, stability TBD
Pros:
  • No minimum investment
  • Invest with spare change
  • Free for college students
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineWomen-focused robo-advisor specifically tailored to women's life cycles and goals... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Ellevest: Pricing information from published website as of 06/14/2018

Acorns: Pricing information from published website as of 07/11/2019.

Which is Better: Ellevest or Acorns?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Ellevest or Ally Invest.

In short: Ellevest's annual fee is notable.


Articles on Ellevest

    Ellevest Review

    Investment strategies are for men, or at least that's what the founders of Ellevest believe. This female-focused company has set out to make a difference in the life of women. Their strategy is to focus on the average income and life cycle of women - something no other company has yet to tackle.

Articles on Acorns


Comments

  • Olivia Tabor
    on April 9, 2019 7:02 AM said about Acorns:

    I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.


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