Acorns vs Charles Schwab Intelligent Portfolio

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to Charles Schwab Intelligent Portfolio? Read our comparison chart below.

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.

While Charles Schwab Intelligent Portfolio charges no service fees, rebalance fees, or commissions. It offers highly diversified portfolios, consisting of up to 20 asset classes in any portfolio. The minimum investment is $5,000 to start. This robo-advisor has over 300 physical branches if you need in-person help.

Compare Acorns with Charles Schwab Intelligent Portfolio, side-by-side.

	Acorns	Charles Schwab Intelligent Portfolio

	Visit Site	Learn More
	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review
	Benefits and Features
Savings	No
Stock Trading	Part of service fee. No add-on trading fees.
Options Trading	No
Annual Fee	Acorns Personal ($3/mo) - includes personal taxable account, IRA, and checking account Acorns Personal Plus ($5/mo) - includes everything in Personal, emergency fund, and 25% match on rewards Acorns Premium ($9/mo) - includes everything in Personal Plus, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, and free GoHenry account	None
Cryptocurrency Trading	No
Minimum Deposit	$0	$5,000
Checking	Yes
Mutual Fund Trading	No
Commission Free ETFs	A selection automatically chosen by Acorns
Phone Support	Yes	24/7
Live Chat Support	No	24/7
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor	Yes
Assets Under Management	$4.7 Billion	$27 Billion
Tax Loss Harvesting	No	Available for accounts $50,000 and over
Goal Tracker	Yes	Yes
Automatic Deposits	Yes	Yes
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	Monthly fee for the service
Online Platform	Yes	Yes
iPhone App	Yes (4.7 stars, 760k ratings)	Yes
Android App	Yes (4.3 stars, 156k ratings)	Yes
Banking	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	Yes
Two-Factor Authentication	Yes
Locations	No
Online Community	No
Seminars	No
Virtual Trading	No
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	No	Yes
529 Plans	No	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Pros & Cons	Pros: No minimum to open account Invest with spare change Cash-back program Cons: Fees are high for small balances No tax benefits Limited investment options
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
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	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Acorns: Pricing information from published website as of 09/28/2020. Charles Schwab Intelligent Portfolio: Pricing information from published website as of 06/14/2018

$20 Investment Bonus

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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

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Acorns Invest: Invest Spare Change

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

Articles on Acorns

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Is Acorns Legit

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Comments

Olivia Tabor from Texas
on April 2019 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.

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