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 $3/month for accounts. 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.

	WealthfrontBettermentRobinhoodWealthSimpleStash
	Wealthfront	Acorns
		SPECIAL OFFER $10 Sign-Up Bonus - Learn More Read Acorns Review
	Benefits and Features
Stock Trading		Part of service fee. No add-on trading fees.
Options Trading		No
Annual Fee	0.25%	$3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account) $5/mo for Acorns Family (includes everything in Personal plus investment accounts for kids)
Cryptocurrency Trading		No
Minimum Deposit	$500	$0
Mutual Fund Trading		No
Commission Free ETFs		A selection automatically chosen by Acorns
Phone Support	Yes	Yes
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor		Yes
Assets Under Management	$10+ Billion	$4.7 Billion
Tax Loss Harvesting	Yes	No
Goal Tracker	Yes	Yes
Automatic Deposits	Yes	Yes
Broker Assisted Trades		Acorns automatically invest and trade for you
Good For		Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee		None, but you will keep paying the monthly fee
Maintenance Fee		Monthly fee for the service
Online Platform	Yes	Yes
iPhone App	Yes	Yes (4.7 stars, 760k ratings)
Android App	Yes	Yes (4.3 stars, 156k ratings)
Banking		Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App	Yes	Yes
Two-Factor Authentication		Yes
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Single Stock Diversification	Yes
Fractional Shares	No	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	Yes	No
529 Plans	Yes	No
	CreditDonkey® Reviews
Annual Fee
Minimum Deposit
Customer Service
Investment Types
Mobile App
Ease of Use
Pros & Cons	Pros: Minimal opening deposit & fees Advanced goal tracker Tax loss harvesting Cons: No human advisors No fractional shares	Pros: No minimum investment Invest with spare change Cash-back program Cons: Fees are high for small balances No tax benefits Limited investment options
Bottom Line	Good robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
		$10 Sign-Up Bonus $5 Sign-Up Bonus Try Acorns Today!
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.

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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 is notable.

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.

• Wealthfront vs Betterment
• Wealthfront vs Robinhood
• Wealthfront vs WealthSimple

Articles on Acorns

Acorn Investing

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

• Acorns vs Stash

Is Acorns Legit

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Comments

• Olivia Tabor from Texas
  on April 2019 said about Acorns:

  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.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.

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