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WealthSimple vs Wealthfront

WealthSimple is a good robo-advisor with socially responsible and Halal investment options, though fees are high. How does it compare to Wealthfront? Read our comparison chart below.

WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.

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

 WealthSimple
 Learn MoreLearn More
 

WealthSimple

Wealthfront

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Wealthfront Cash Account - Learn More

Read Wealthfront Review

 

Benefits and Features

Annual Fee0.5% for accounts up to $100k; 0.4% for accounts over $100k
0.25%
Minimum Deposit
$0
$500
Phone SupportYes - M-Th 9a-8p ET; Fri 9a-5:30p ET
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes
No
Robo Advisor
Check
Check
Assets Under Management
$2 Billion
$10+ Billion
Tax Loss HarvestingAvailable for accounts over $100,000
Yes
Goal Tracker
No
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Mobile App 
Yes
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

 WealthSimple
Annual FeeStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStarStarStarStarStarHalf Star
Human AdvisorsStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Social ResponsibilityStarStarStarStarStar
Investment TypesStarStarStarStarEmpty Star
Pros & ConsPros:
  • Human advisors
  • No minimum investment
  • Socially responsible and Halal investment options
Cons:
  • Higher fees than competitors
  • No personal finance tools
  • Tax loss harvesting only to high balance accounts
Pros:
  • Minimal opening deposit & fees
  • Advanced goal tracker
  • Tax loss harvesting
Cons:
  • No human advisors
  • No fractional shares
Bottom LineGood robo-advisor with socially responsible and Halal investment options, though fees are high... Read full reviewGood 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.

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

Which is Better: WealthSimple or Wealthfront?

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

In short: WealthSimple's customer service is noteworthy. Wealthfront's annual fee is notable.


Articles on WealthSimple

Wealthsimple Reviews

Wealthsimple is a robo advisor with features you should not ignore. But are the higher fees worth it? Read this review to find out what this automatic investing service can do and the pros and cons.

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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