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Merrill Edge Guided Investing vs Wealthfront

Merrill Edge Guided Investing is a higher fees, but the human portfolio management aspect gives you potential to outperform the market.. How does it compare to Wealthfront? Read our comparison chart below.

Merrill Edge Guided Investing offers human portfolio management combined with online investing. Your portfolio is selected and actively monitored and rebalanced by professionals, giving it more potential to outperform the market. However, fees are higher at 0.45% per year. Opening an account requires a minimum of $5,000.

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 Merrill Edge Guided Investing with Wealthfront, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Merrill Edge Guided Investing

Wealthfront

 

Benefits and Features

Annual Fee
0.45%
0.25%
Minimum Deposit
$5,000
$500
Phone Support
24/7
Yes
Live Chat Support
24/7
No
Email Support
Yes
Yes
Human Advisors
Yes
No
Robo Advisor 
Assets Under Management 
$10+ Billion
Tax Loss Harvesting
No
Yes
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
No
Yes
Android App
No
Yes
Single Stock Diversification 
Yes
Fractional Shares
No
No
Taxable Accounts
Yes
Yes
401k Plans
Yes
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
No
Yes
529 Plans
No
Yes
 

CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Investment Types
Pros & ConsPros:
  • Human portfolio monitoring
  • Potential to outperform the market
  • Seamless integration for BofA or Merrill Edge clients
Cons:
  • Higher fees than competitors
  • No tax loss harvesting
  • Higher minimum deposit.
Pros:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
Bottom LineHigher fees, but the human portfolio management aspect gives you potential to outperform the market... Read full reviewGood robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review

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

Merrill Edge Guided Investing: Pricing information from published website as of 06/14/2018

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

Which is Better: Merrill Edge Guided Investing or Wealthfront?

In short: Merrill Edge Guided Investing's customer service is outstanding. Wealthfront's annual fee and minimum deposit are notable.


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