Ellevest vs Acorns
Ellevest is a women-focused robo-advisor 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. Fees are low starting at $1/mo 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 starts at $3/month for accounts. 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.
 |  | |
| Learn More | Visit Site | |
Ellevest | Acorns | |
|---|---|---|
Ellevest Executive with 50% Off Coaching - | $20 Investment Bonus - | |
Benefits and Features | ||
| Savings | ||
| Stock Trading | Part of service fee. No add-on trading fees. | |
| Options Trading | ||
| Annual Fee |
|
|
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Checking | ||
| Mutual Fund Trading | ||
| Commission Free ETFs | A selection automatically chosen by Acorns | |
| Phone Support | ||
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | Discounts for members for coaching sessions | |
| Robo Advisor |  | |
| Assets Under Management | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | Acorns automatically invest and trade for you | |
| Good For | Beginners; Passive investors; Those who have trouble saving/investing on their own | |
| Inactivity Fee | None, but you will keep paying the monthly fee | |
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Spend and Save accounts*; No minimum balance and no monthly service fees | Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. |
| Mobile App | ||
| Two-Factor Authentication | ||
| Locations | ||
| Online Community | ||
| Seminars | ||
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| | |
| Annual Fee |   | |
| Minimum Deposit | | |
| Human Advisors | | |
| Customer Service |  | |
| Mobile App | | |
| Ease of Use | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Women-focused robo-advisor tailored to women's life cycles and goals... | Investment app that automatically invests your spare change. Good for young investors to get into the habit... |
| Learn More | Visit 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 08/10/2020 Acorns: Pricing information from published website as of 09/28/2020. | ||
$20 Investment Bonus
- Open an Acorns account (new users only)
- Set up the Recurring Investments feature
- Have your first investment be made successfully via the Recurring Investments feature
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 Robinhood.
In short: Ellevest's annual fee is notable.
Articles on Ellevest
Ellevest Review
Articles on Acorns
Acorn App Review
Is Acorns Legit
How to Make Money Using Acorns
Comments
Olivia Tabor from Texas
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.
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