Kiplinger\'s Personal Finance 02.2020

02/2020 KIPLINGER’S PERSONAL FINANCE 21

Robo

Minimum

to invest

Annual

fee*

Ty p e o f

holdings

Average

portfolio

exp. ratio Comment

Acorns Core $0 $12/year‡ ETFs 0.11%† Easy entry to investing for people who need incentive to save.

Ally Invest Managed Portfolios $100 None ETFs 0.07% Zero fee, but the conservative portfoliosare best for wary investors.

Axos Invest $0 None ETFs 0.10% and a good three-year track record. No minimum, no management fee

Betterment Digital $0 0.25% ETFs 0.09%

A robo pioneer with some extras, including

custom guidance on buying a home or saving

for college.

Blooom N/A $40/yearStarts at Mutual funds **

Solid help for 401(k) investors, but its low-

cost focus means good active funds may get

overlooked.

E*Trade Core Portfolios $500 0.30% ETFs 0.07% A robust lineup of portfolios includes outside-the-box ETFs and socially conscious strategies.

Fidelity Go $0 0.35% Mutual funds 0.00% Zero-fee funds are a plus; strong three-year track record.

Merrill Guided Investing $5,000 0.45% ETFs 0.08% Wbut its fee is higher than others. orth a look if you bank at Bank of America,

Personal Capital $100,000

0.89%

for first

$1 million

Stocks,

ETFs 0.08%

High minimum is a barrier, but the website's

tools are unmatched.

Schwab Intelligent Portfolios $5,000 None ETFs 0.14% Zero fees, but returns could be pinched byhigh cash balances in your portfolio.

SoFi Invest $0 None ETFs 0.18%† Zero mmanageminiment account.um and fee, and access to solid cash

T. Rowe Price ActivePlus Portfolios $50,000 None

Active

mutual

funds

0.67% Access to sommanagers, but only for retireme outstanding T. Rowe Price fund ent accounts.

Vanguard Personal Advisor Services $50,000

0.30%

for first

$5 million

Index funds

and ETFs^ 0.08%

Vanguard funds and ETFs ensure low costs,

but the minimum is high.

Wealthfront $500 0.25% ETFs 0.09% Banking services are comout this fintech company's services.ing, which will round

*Fee is based on percentage of assets unless otherwise noted. †Median expense ratio. **Depends on the underlying holdings. ‡For a taxable account. An IRA account costs $24 per year.

^Clients can hold non-Vanguard investments in some cases.

How the Robo Advisers Stack Up

Nuts and Bolts