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Ellevest vs Acorns

Ellevest is a women-focused robo-advisor tailored to women's life cycles and goals. How does it compare to Acorns? 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. Fees are low starting at $1/mo and there is no minimum balance for the basic account.

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 starts at $3/month for accounts. There is no minimum to open.

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

 EllevestAcorns
 Learn MoreVisit Site
 

Ellevest

Acorns

SPECIAL OFFER
Become a Member - Learn More

Read Ellevest 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
  • $1/mo for Essential Plan
  • $5/mo for Plus Plan
  • $9/mo for Executive 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 for all membership tiers
$0
Checking 
Yes
Mutual Fund Trading 
No
Commission Free ETFs A selection automatically chosen by Acorns
Phone Support
Yes - normal business hours
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human AdvisorsDiscounts for members for coaching sessions
No
Robo Advisor
Check
Yes
Assets Under Management
$280 Million
$4.7 Billion
Tax Loss Harvesting
No
No
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
Yes (4.7 stars, 760k ratings)
Android App
Yes
Yes (4.3 stars, 156k ratings)
BankingSpend and Save accounts*; No minimum balance and no monthly service feesIncluded 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
Yes
Two-Factor Authentication 
Yes
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Fractional Shares
Yes
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
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 EllevestAcorns
Annual FeeStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Human AdvisorsStarStarStarStarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf Star
Ease of UseStarStarStarStarStar
Pros & ConsPros:
  • Focused on women's needs
  • $0 minimum
  • Starts at $1/mo
Cons:
  • Limited account options
  • No tax loss harvesting
  • Uncertain future
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 LineWomen-focused robo-advisor tailored to women's life cycles and goals... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
 Learn MoreVisit Site

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

Ellevest: Pricing information from published website as of 08/10/2020

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

Which is Better: Ellevest or Acorns?

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

Ellevest tailors investment strategies specifically for women's needs. Find out how this robo-advisor make a difference.

Articles on Acorns

Acorn App Review

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

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.

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