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Blooom vs Acorns

Blooom is an unique 401k auto-advisor service for a low yearly fee. How does it compare to Acorns? Read our comparison chart below.

 BlooomAcorns
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Blooom

Acorns

SPECIAL OFFER
Free 401k Check-up - Learn More

Read Blooom Review

SPECIAL OFFER
$10 Sign-Up 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
  • Analysis is free
  • $45/year for Essentials Plan
  • $120/year for Standard Plan
  • $250/year for Unlimited Plan
  • $3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account)
  • $5/mo for Acorns Family (includes everything in Personal plus investment accounts for kids)
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Checking 
Yes
Mutual Fund Trading 
No
Commission Free ETFs A selection automatically chosen by Acorns
Phone Support
No
Yes
Live Chat Support
Yes
No
Email Support
Yes
Yes
Human Advisors
Yes
No
Robo Advisor 
Yes
Assets Under Management
$4 Billion
$4.7 Billion
Tax Loss Harvesting
No
No
Goal Tracker
Yes
Yes
Automatic Deposits
No
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
No
Yes (4.7 stars, 760k ratings)
Android App
No
Yes (4.3 stars, 156k ratings)
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
Single Stock Diversification
No
 
Fractional Shares
No
Yes
Taxable Accounts
No
Yes
401k Plans
Yes
No
IRA AccountsYes - from Fidelity and Vanguard
Yes
Roth IRA AccountsYes - from Fidelity and Vanguard
Yes
SEP IRA AccountsYes - from Fidelity and Vanguard
Yes
Trust Accounts
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 BlooomAcorns
Annual FeeStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf Star
Ease of UseStarStarStarStarStar
Pros & ConsPros:
  • Manage retirement accounts
  • No account minimum
  • Flat yearly fee
Cons:
  • No taxable accounts
  • Limited IRA accounts
Pros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineUnique 401k auto-advisor service for a low yearly fee... 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

Free 401k Check-up

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

Blooom: Pricing information from published website as of 10/28/2020

Acorns: Pricing information from published website as of 09/28/2020.

Which is Better: Blooom or Acorns?

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

In short: Blooom's annual fee and customer service are noteworthy.


Articles on Blooom

Blooom Review

Blooom is an affordable robo-advisor for your 401k. But is it safe and legit? Read this in-depth review for the pros and cons.

Articles on Acorns

Acorns Investing

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Is Acorns Safe

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

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