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Wealthfront vs Acorns

Wealthfront is a good robo-advisor for hands-off investor. Fees are low, but lack human advisors. How does it compare to Acorns? Read our comparison chart below.

Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Wealthfront offers advanced planning tools to help provide a complete picture of your financial health and track your goals. However, there are no human advisors.

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

 WealthfrontAcorns
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Wealthfront

Acorns

SPECIAL OFFER
First $5,000 Managed Free - Learn More

Read Wealthfront Review

SPECIAL OFFER
$5 Sign-Up Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Stock Trading Part of service fee. Free for college students for 4 years. No add-on trading fees.
Annual Fee
0.25%
Free for college students; $1/mo for Acorns; $2/mo for Acorns + Acorns Later; $3/mo for Acorns + Acorns Later + Acorns Spend
Minimum Deposit
$500
$0
Phone Support
Yes
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
No
Robo Advisor
 
Assets Under Management
$10+ Billion
$528 Million
Tax Loss Harvesting
Yes
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
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
Yes
No
Fractional Shares
No
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
No
529 Plans
Yes
No
 

CreditDonkey® Reviews

 WealthfrontAcorns
Annual Fee
Minimum Deposit
Customer Service
Investment Types
Pros & ConsPros:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
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 LineGood robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
 Visit SiteVisit Site

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

Wealthfront: Pricing information from published website as of 04/04/2018

Acorns: Pricing information from published website as of 04/19/2019.

Which is Better: Wealthfront or Acorns?

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

In short: Wealthfront's annual fee and customer service are notable.


Articles on Wealthfront


Articles on Acorns

    Acorns Review

    Acorns automatically invests your spare change, so you can invest without thinking. It's great for novice investors, but there are downsides. Read on.

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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