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Ellevest vs M1 Finance

Ellevest is a women-focused robo-advisor tailored to women's life cycles and goals. How does it compare to M1 Finance? 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 M1 Finance offers free automated investing with no commissions or account fees. Unlike other robo-advisors, M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.

Compare Ellevest with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 EllevestM1 Finance
 Visit SiteVisit Site
 

Ellevest

M1 Finance

SPECIAL OFFER
Become a Member - Learn More

Read Ellevest Review

SPECIAL OFFER
New Customers: Deposit $1,000 and Get $30 - Learn More

Read M1 Finance Review

 

Benefits and Features

Stock Trading 
$0
Options Trading 
No
Annual Fee$1/mo for Essential Plan
$5/mo for Plus Plan
$9/mo for Executive Plan
None
Cryptocurrency Trading 
No
Minimum Deposit
$0 for all membership tiers
$100
Mutual Fund Trading 
No
Commission Free ETFs All U.S. listed ETFs
Phone Support
Yes - normal business hours
Monday - Friday 9:30 am to 4 pm EST
Live Chat Support
No
No
Email Support
Yes
Yes
Human AdvisorsDiscounts for members for coaching sessions
No
Robo Advisor
Check
Hybrid; You choose your own investments and M1 trades & manages your portfolio for you
Assets Under Management
$280 Million
$4.5 Billion
Tax Loss Harvesting
No
Offers tax-efficient investing
Goal Tracker
Yes
No
Automatic Deposits
Yes
Yes
Broker Assisted Trades 
Included
Good For DIY investing with passive portfolio management
Inactivity Fee $20 (for accounts with less than $20 and no activity for 90+ days)
Maintenance Fee 
$0
Online Platform
Yes
Yes
iPhone App
Yes
Yes (4.6 stars, 33.3k ratings)
Android App
Yes
Yes (4.5 stars, 15.7k ratings)
BankingSpend and Save accounts*; No minimum balance and no monthly service feesAll users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
Mobile App
Yes
Check
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
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 EllevestM1 Finance
Annual FeeStarStarStarStarEmpty StarStarStarStarStarStar
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Human AdvisorsStarStarStarStarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarHalf Star
Ease of UseStarStarStarStarHalf Star
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Focused on women's needs
  • $0 minimum
  • Starts at $1/mo
Cons:
  • Limited account options
  • No tax loss harvesting
  • Uncertain future
Pros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • No research
  • No human advisors
  • Can only trade once a day
Bottom LineWomen-focused robo-advisor tailored to women's life cycles and goals... Read full reviewNo-fee robo-advisor that allows you to choose your own investments... 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.

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

M1 Finance: Pricing information from published website as of 02/28/2020

M1 Finance

New Customers: Deposit $1,000 and Get $30

Expires 12/31/2021
  • Open a new M1 account.
  • Deposit $1,000 or more in your Invest account during your first 14 days.
  • Get a $30 bonus.
M1 Finance

Transfer Your Account and Earn Up to $2,500

Initiate your transfer of another brokerage account within 60 days of signing up for M1 to receive a bonus.

TransferBonus
$100,000 – $249,999.99$250
$250,000 – $499,999.99$500
$500,000 – $999,999.99$1,000
$1,000,000+$2,500

Payments for eligible transfers will be paid 90 days after the account transfer is received. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.

M1 Finance

Commission Free Stock Trading

M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.

Which is Better: Ellevest or M1 Finance?

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: M1 Finance's annual fee is excellent.


Articles on Ellevest

Ellevest

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

Articles on M1 Finance

M1 Finance

M1 Finance lets you invest in stocks and ETFs without fees. But is it safe? Find out the pros and cons, and if it's legit.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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