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	Wealthfront

	Learn More	Learn More
	SPECIAL OFFER Wealthsimple Cash Account - Learn More Read WealthSimple Review	SPECIAL OFFER Wealthfront Cash Account - Learn More Read Wealthfront Review
	Benefits and Features
Annual Fee	0.5% for accounts up to $100k; 0.4% for accounts over $100k	0.25%
Minimum Deposit	$0	$500
Phone Support	Yes - 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
Assets Under Management	$2 Billion	$10+ Billion
Tax Loss Harvesting	Available 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

Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Social Responsibility
Investment Types
Pros & Cons	Pros: 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 Line	Good robo-advisor with socially responsible and Halal investment options, though fees are high... Read full review	Good robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review
	Wealthsimple Cash Account	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 04/20/2024.

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 Robinhood.

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.