Wealthfront vs Acorns
Wealthfront is a good robo-advisor for hands-off investor. Fees are low, but lack human advisors. How does it compare to Acorns? Read our comparison chart below.
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.
While Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $1/month for accounts under $5,000. There is no minimum to open.
Compare Wealthfront with Acorns, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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 |  | |
Wealthfront | Acorns | |
|---|---|---|
$10 Sign-Up Bonus - | ||
Benefits and Features | ||
| Stock Trading | Part of service fee. No add-on trading fees. | |
| Annual Fee | $1/mo for Acorns Lite (taxable account only) $3/mo for Acorns Personal (includes IRA and checking account) $5/mo for Acorns Family (includes investment accounts for kids) | |
| Minimum Deposit | ||
| Phone Support | ||
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor |  | |
| Assets Under Management | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | $3/mo for Acorns + Acorns Later + Acorns Spend checking. Free debit card, no minimum balance, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide. | |
| Mobile App | ||
| Single Stock Diversification | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
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| Annual Fee |   |  |
| Minimum Deposit | | |
| Customer Service | | |
| Investment Types | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Good robo-advisor for hands-off investor. Fees are low, but lack human advisors... | Investment app that automatically invests your spare change. Good for young investors to get into the habit... |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Wealthfront: Pricing information from published website as of 04/04/2018 Acorns: Pricing information from published website as of 09/28/2020. | ||
Which is Better: Wealthfront or Acorns?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Wealthfront or Ally Invest.
In short: Wealthfront's annual fee and customer service are notable.
Articles on Wealthfront
Wealthfront Reviews
Articles on Acorns
Acorn Investing
Acorns Fees
How Acorns Makes Money
Comments
Olivia Tabor
I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.
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