Ellevest vs WealthSimple

Ellevest is a women-focused robo-advisor tailored to women's life cycles and goals. How does it compare to WealthSimple? 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 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.

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

	Learn More	Learn More
	Ellevest	WealthSimple
	SPECIAL OFFER Ellevest Executive with 50% Off Coaching - Learn More Read Ellevest Review	SPECIAL OFFER Wealthsimple Cash Account - Learn More Read WealthSimple Review
	Benefits and Features
Annual Fee	$1/mo for Essential Plan $5/mo for Plus Plan $9/mo for Executive Plan	0.5% for accounts up to $100k; 0.4% for accounts over $100k
Minimum Deposit	$0 for all membership tiers	$0
Phone Support	Yes - normal business hours	Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	Discounts for members for coaching sessions	Yes
Robo Advisor
Assets Under Management	$280 Million	$2 Billion
Tax Loss Harvesting	No	Available for accounts over $100,000
Goal Tracker	Yes	No
Automatic Deposits	Yes	Yes
Online Platform	Yes	Yes
iPhone App	Yes	Yes
Android App	Yes	Yes
Banking	Spend and Save accounts*; No minimum balance and no monthly service fees
Mobile App	Yes
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
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Social Responsibility
Pros & Cons	Pros: Focused on women's needs $0 minimum Starts at $1/mo Cons: Limited account options No tax loss harvesting Uncertain future	Pros: 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
Bottom Line	Women-focused robo-advisor tailored to women's life cycles and goals... Read full review	Good robo-advisor with socially responsible and Halal investment options, though fees are high... Read full review
	Ellevest Executive with 50% Off Coaching Ellevest Plus with 30% Off Coaching Ellevest Essential with 20% Off Coaching	Wealthsimple Cash Account
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

Which is Better: Ellevest or WealthSimple?

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

In short: Ellevest's annual fee is notable.

Articles on Ellevest

Ellevest

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

• Ellevest vs Acorns

Articles on WealthSimple

Wealthsimple Review

Wealthsimple is a robo advisor with features you should not ignore. But are the higher fees worth it? Read this review to find out what this automatic investing service can do and the pros and cons.

Which Do You Think is Best?