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WealthSimple vs Wealthfront

WealthSimple is a good robo-advisor with socially responsible and Halal investment options, though fees are high. How does it compare to Wealthfront? Read our comparison chart below.

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.

While 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.

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

 WealthSimple
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WealthSimple

Wealthfront

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Read WealthSimple Review

 

Benefits and Features

Annual Fee0.5% for accounts up to $100k; 0.4% for accounts over $100k
0.25%
Minimum Deposit
$0
$500
Phone SupportYes - M-Th 9a-8p ET; Fri 9a-5:30p ET
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes
No
Assets Under Management
$2 Billion
$10+ Billion
Tax Loss HarvestingAvailable for accounts over $100,000
Yes
Goal Tracker
No
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Single Stock Diversification 
Yes
Fractional Shares
Yes
No
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
Yes
529 Plans
No
Yes
 

CreditDonkey® Reviews

 WealthSimple
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Social Responsibility
Investment Types
Pros & ConsPros:
  • 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
Pros:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
Bottom LineGood robo-advisor with socially responsible and Halal investment options, though fees are high... Read full reviewGood robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review
 Visit SiteLearn More

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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

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: WealthSimple or Wealthfront?

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

In short: Wealthfront's annual fee is notable.


Articles on WealthSimple


Articles on Wealthfront


Which Do You Think is Best?


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