CreditDonkey is a stock broker comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†






Ellevest vs WealthSimple

Ellevest is a women-focused robo-advisor specifically tailored to women's life cycles and goals. How does it compare to WealthSimple? 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 WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.

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

 WealthSimple
 Learn MoreVisit Site
 

Ellevest

WealthSimple

SPECIAL OFFER
Get $10,000 Managed for Free for Your First Year - Learn More

Read WealthSimple Review

 

Benefits and Features

Annual Fee0.25% for basic Digital account; 0.50% for Premium account0.5% for accounts up to $100k; 0.4% for accounts over $100k
Minimum Deposit
$50,000 for Premium account
$0
Phone Support
Yes - normal business hours
Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
Yes
Robo Advisor
Assets Under Management
$67.6 Million
$2 Billion
Tax Loss Harvesting
No
Available for accounts over $100,000
Goal Tracker
Yes
No
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
No
Yes
Android App
No
Yes
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
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 WealthSimple
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Social Responsibility
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:
  • Human advisors
  • No minimum investment
  • Socially responsible and Halal investment options
Cons:
  • Higher fees than competitors
  • No personal finance tools
  • Tax loss harvesting only to high balance accounts
Bottom LineWomen-focused robo-advisor specifically tailored to women's life cycles and goals... Read full reviewGood robo-advisor with socially responsible and Halal investment options, though fees are high... Read full review
 Learn MoreVisit Site

Get $10,000 Managed for Free for Your First Year

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

WealthSimple: Disclaimer: CreditDonkey has entered into a referral and advertising arrangement with Wealthsimple US, LTD and receives compensation when you open an account or for certain qualifying activity which may include clicking links. You will not be charged a fee for this referral and Wealthsimple and CreditDonkey are not related entities. It is a requirement to disclose that we earn these fees and also provide you with the latest Wealthsimple ADV brochure so you can learn more about them before opening an account.

Which is Better: Ellevest or WealthSimple?

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 WealthSimple

    Wealthsimple

    Wealthsimple is a robo advisor with features you should not ignore. But are the higher fees worth it? Read this review to find out what this automatic investing service can do and the pros and cons.

Which Do You Think is Best?


Compare Ellevest to:


You might also be interested in

You Invest Review

Chase You Invest App has a bonus promotion, low fees and mutual funds trading. But is it good for beginners? Read this review for the pros and cons.

Compare WealthSimple to:


Next Page:

About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.