9 best robo-advisors of 2024 [updated monthly] | finder.com (2024)

Betterment

Betterment introduced the world to robo-advisors when it first launched onto the scene in 2010 with its automated portfolios of stocks and bonds, and it's been at the top of the robo-advisory service pack ever since. Today, Betterment's refined automated investing platform includes numerous curated portfolio options, a high-yield cash account and access to a human advisor, which has helped it rack up over 800,000 customers and more than $40 billion in assets under management.

• Pros

  • Wide range of account options
  • Automatic portfolio rebalancing
  • Automatic dividend reinvestments
  • Tax-loss harvesting

  Cons

  • 0.25% annual management fee
  • $100,000 minimum balance to access its premium service tier and personalized financial planning

• Available asset types	ETFs, Cryptocurrency
  Annual fee	0.25% on balances up to $99,999 0.4% on balances of $100,000+
  Minimum deposit	$10
  Signup bonus	N/A
  Cash sweep APY	4.75%
  Cash sweep insured	FDIC
  Cash sweep insurance amount	$2 million

Wealthfront

This well-equipped robo-advisor is outfitted with everything you need to set it and forget it with peace of mind: automated index investing across 17 global asset classes, automatic portfolio rebalancing and tax-loss harvesting, all across a range of account types. In fact, Wealthfront is one of the only robo-advisors we review that offers automated college savings accounts. Wealthfront offers more than 240 ETFs for its investing accounts and a separate account with access to trade individual stocks commission-free and for as little as $1 should you want more control.

• Pros

  • Large variety of account types
  • Automatic portfolio rebalancing
  • Sophisticated tax-loss harvesting
  • Individual stock trading account available

  Cons

  • $500 minimum deposit requirement
  • 0.25% management fee

• Retirement account types	Roth, Traditional, SEP, Rollover
  Available asset types	Stocks, ETFs
  Annual fee	0.25%
  Minimum deposit	$500
  Signup bonus	Get a $50 bonus when you fund your first taxable Automated Investing Account.
  Cash sweep APY	5%

SoFi Automated

As if SoFi wasn't versatile enough, add a no-advisory-fee robo-advisor with automatic rebalancing and top it off with unlimited, no-cost access to SoFi's team of certified financial planners and you can see why SoFi's robo-advisor is one the best on the market. Start investing automatically with as little as $1, get all your financial goals in order with the help of credentialed fiduciary financial advisors. Just a stone's throw away is the rest of SoFi's many financial products if you're so inclined to keep all your finances under one roof.

• Pros

  • No-cost robo-advisor
  • Auto rebalancing and recurring deposits
  • Access to financial advisers at no additional cost

  Cons

  • No tax-loss harvesting
  • Limited account options

• Available asset types	ETFs
  Minimum deposit	$0
  Signup bonus	N/A

Acorns

Beginner-friendly but no less effective at automating your investments, Acorns differs from the other percentage-based robo-advisors on our list. As a subscription-based robo-advisor, Acorns stands out for its predictable, flat-rate fees and no minimum deposit requirements. Meanwhile, its Round-Ups feature lets you automatically invest with spare change. Subscribe to Acorns Premium and unlock custom portfolios, which let you add individual stocks and ETFs to your portfolio.

• Pros

  • Round up your spare change into investments
  • Automatic portfolio rebalancing
  • Automatic dividend reinvestment

  Cons

  • No tax-loss harvesting
  • Flat fees can be more expensive for smaller portfolios

• Available asset types	Stocks, ETFs
  Annual fee	$36 per year
  Minimum deposit	$0
  Signup bonus	Get a $20 bonus when you set up an account and make your first recurring investment (min. $5)

Titan

While managed portfolios are a mainstay of Titan's offerings, its no-cost robo-advisor is nothing to glance over. Titan's automated investing options include two portfolios: Automated Bonds and Automated Stocks, both of which are made up of a mix of ETFs. These advisory-fee-free portfolios include automatic rebalancing and eight different ETFs to give you balanced exposure to global markets. Did we mention there's no advisory fee?

• Pros

  See Also

  We ranked the top robo-advisors for April 2023

  • Stock and bond portfolios
  • No management fee for automated services
  • Automatic rebalancing

  Cons

  • No tax-loss harvesting
  • $500 minimum deposit

• Available asset types	ETFs
  Annual fee	0%
  Minimum deposit	$500
  Signup bonus	N/A

Schwab Intelligent Portfolios

Schwab Intelligent Portfolios — a robo-advisor with 24/7 live support, a wide assortment of ETFs and no commissions or advisory fees. With up to 80 tailored portfolio variations, three investment strategies and six risk profiles, Schwab offers an impressive level of diversification. Throw in automatic rebalancing, tax-loss harvesting and a range of different accounts to choose from, and you've got a robo-advisor that means business. Upgrade to Schwab Intelligent Portfolios Premium, and you'll gain access to unlimited one-on-one guidance from Schwab's team of certified financial planners.

• Pros

  • No advisory fee
  • Up to 80 portfolio variations
  • Automatic rebalancing
  • Tax-loss harvesting

  Cons

  • $5,000 minimum to get started

• Minimum deposit	$5,000
  Signup bonus	N/A

Vanguard Digital Advisor

Started from a single mutual fund in 1929, Vanguard has packaged its time-tested strategy of low-cost index-fund investing and robust financial planning tools with digital technologies to create Vanguard Digital Advisor. Built from a blend of ETFs and mutual funds, Vanguard robo-advisor offers three investment strategies: an all-index investment option, an active/index investment option and an ESG (Environmental, Social and Governance) option for investors who want to prioritize their personal preferences.

• Pros

  • No advisory fee for first 90 days
  • Tax-loss harvesting
  • Automatic portfolio rebalancing

  Cons

  • $3,000 minimum assets to enroll

• Available asset types	ETFs
  Annual fee	0.15% 0.2%
  Minimum deposit	$3,000
  Signup bonus	N/A

Fidelity Go

Combine zero expense ratio mutual funds, straightforward pricing, no minimum deposit requirements and no advisory fees for balances under $25,000, and what do you get? Fidelity Go. Invest with as little as $10, with automatic portfolio rebalancing and a customer support team standing by 24/7 should you need help. Cross over the $25,000 balance mark and unlock one-on-one personalized planning and advice.

• Pros

  • No advisory fee on balances under $25,000
  • Access to human advisors when your balance reaches $25,000
  • Automatic portfolio rebalancing
  • No expense ratio mutual funds
  • 24/7 customer support

  Cons

  • No tax-loss harvesting
  • 0.35% management fee on balances over $25,000

• Available asset types	Mutual funds
  Annual fee	0.35% on balances of $25,000+
  Minimum deposit	$10
  Signup bonus	Get $100 when you open and fund an account with $50 and use code Fidelity100

E-Trade

Designed with a healthy selection of account types and access to 24-hour customer support, E-Trade Core Portfolios delivers an automated ETF investing strategy with automatic portfolio rebalancing to maximize your investments and meet your financial goals. Portfolio customization levels include adding smart beta ETFs to inject some active management into your portfolio and socially responsible ETFs if it's important to you to invest with companies known for their environmental, social and governance practices.

• Pros

  • Degree of customization
  • Automatic portfolio rebalancing

  Cons

  • No tax-loss harvesting
  • $500 minimum deposit
  • 0.30% advisory fee

• Retirement account types	Roth, Traditional, SEP, Rollover, Custodial, SIMPLE
  Available asset types	Stocks, Bonds, Options, Mutual funds, ETFs, CDs, Futures
  Minimum deposit	$0
  Signup bonus	Get $50–$3,500 when you open and fund an account with $5,000 to $1,500,000+
  Cash sweep APY	0.01% to 0.15%
  Cash sweep insured	FDIC
  Cash sweep insurance amount	$500,000 (including $250,000 for claims for cash)