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M1 Finance vs Wealthfront

M1 Finance is a no-fee robo-advisor that allows you to choose your own investments.. How does it compare to Wealthfront? Read our comparison chart below.

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.

While Wealthfront has a low fee of 0.25% and a minimum of $500 to open an account. Wealthfront offers advanced planning tools to help provide a complete picture of your financial health and track your goals. However, there are no human advisors.

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

 M1 Finance
 Visit SiteLearn More
 

M1 Finance

Wealthfront

SPECIAL OFFER
Transfer Your Account and Earn Up to $2,500 - Learn More

Read M1 Finance Review

 

Benefits and Features

Stock Trading
$0
 
Annual Fee
None
0.25%
Minimum Deposit
$100
$500
Mutual Fund Trading
No
 
Commission Free ETFsAll U.S. listed ETFs 
Phone SupportMonday - Friday 9:30 am to 4 pm EST
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
No
Robo Advisor
Check
Check
Assets Under Management
$1 Billion
$10+ Billion
Tax Loss Harvesting
Offers tax-efficient investing
Yes
Goal Tracker
No
Yes
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Included
 
Good ForDIY 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 (4.6 stars, 25.4k ratings)
Yes
Android App
Yes (4.2 stars, 12.5k ratings)
Yes
BankingAll users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements. 
Mobile App 
Yes
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
Single Stock Diversification 
Yes
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
Yes
Yes
529 Plans
No
Yes
 

CreditDonkey® Reviews

 M1 Finance
Annual FeeStarStarStarStarStarStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStarStarStarStarStarHalf Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
Investment TypesStarStarStarStarEmpty Star
Pros & ConsPros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • Not beginner friendly
  • No human advisors
  • Can only trade once a day
Pros:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
Bottom LineNo-fee robo-advisor that allows you to choose your own investments... Read full reviewGood robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review
 Visit SiteLearn More

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

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

Wealthfront: Pricing information from published website as of 04/04/2018

Which is Better: M1 Finance or Wealthfront?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing M1 Finance or Ally Invest.


Articles on M1 Finance

M1 Finance Review

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.

Articles on Wealthfront

Wealthfront Reviews

Wealthfront simplifies long-term, low-cost investing with a diversified portfolio. But is it safe? Read on to learn if Wealthfront is worth it.

Which Do You Think is Best?





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