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Merrill Edge vs Wealthfront


 

Merrill Edge

Wealthfront

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$100 Bonus Offer - Learn More

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Wealthfront Cash Account - Learn More

Read Wealthfront Review

 

Benefits and Features

Stock Trading
$0 per trade
 
Options Trading
$0 + $0.65 per contract
 
Annual Fee 
0.25%
Minimum Deposit
$0
$500
Mutual Fund Trading$0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee funds 
Commission Free ETFs
Check
 
Phone Support 
Yes
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
Check
Assets Under Management 
$10+ Billion
Tax Loss Harvesting 
Yes
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$29.95
 
Inactivity Fee
None
 
Maintenance Fee
$0
 
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
Banking
Through Bank of America
 
Mobile App
Yes
Yes
Desktop App
Yes
 
Forex Trading
No
 
Futures Trading
No
 
Customer Service
24/7
 
LocationsMore than 2,100 Bank of America locations 
Online Community
No
 
Seminars
Yes
 
Virtual Trading
No
 
Single Stock Diversification 
Yes
Fractional Shares 
No
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
Yes
 

CreditDonkey® Reviews

Annual FeeStarStarStarStarHalf Star
Minimum DepositStarStarStarStarHalf Star
Investment TypesStarStarStarStarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
Bottom LineGood robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review

Wealthfront 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.

Merrill Edge: Pricing information from published websites as of 10/17/2023.

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


Articles on Wealthfront

Wealthfront

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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