Compare Online Brokers For Automated Investing (Robo-Advisors)
Robo-advisors — also known as automated investing services — use computer algorithms and software to build and manage your investment portfolio. Services can include automatic rebalancing and tax optimization, and require little to no human interaction — but many providers have human advisors available for questions. These services build and manage an investment portfolio for you for a fraction of what the typical financial advisor might charge, allowing you to be hands-off with your investments. To make the search easier, we created this shortlist of picks from our partners.
“NerdWallet, Inc. is not an investment advisor and does not provide advice, brokerage services, or recommendations to buy or sell particular stocks or securities.”
Compare Online Brokers For Automated Investing (Robo-Advisors) From Our Partners
| Broker | NerdWallet rating | Promotion | Fees | Account minimum |
|---|---|---|---|---|
5.0/5 Reviewed in: Oct. 2024 Period considered: Aug. - Oct. 2024 | Get a $50 customer bonus when you fund your first taxable investment account | 0.25% management fee | $500 | |
5.0/5 Reviewed in: Oct. 2024 Period considered: Aug. - Oct. 2024 | Get up to $1,000 when you open and fund a new investing account. Terms apply. | 0.25% with a balance over $20K or qualifying recurring deposit. Otherwise, $4/month. | $0 $10 to start | |
4.9/5 Reviewed in: Nov. 2024 Period considered: Aug. - Nov. 2024 | No advisory fees your first 90 days of Vanguard Digital Advisor investment management (Enrollment requires a Vanguard account with a minimum of $100) | 0.15% per year (approximately) | $100 | |
4.4/5 Reviewed in: Oct. 2024 Period considered: Aug. - Oct. 2024 | Get $25 when you open a personal brokerage account and deposit at least $5. Subject to T&Cs. | $3 or $9 per month, depending on selected plan | $0 |
Compare Online Brokers For Automated Investing (Robo-Advisors) From Our Partners
| Broker | NerdWallet rating | Fees | Account minimum | Promotion | Learn more | |
|---|---|---|---|---|---|---|
5.0/5 Reviewed in: Oct. 2024 Period considered: Aug. - Oct. 2024 | 0.25% management fee | $500 | Get a $50 customer bonus when you fund your first taxable investment account | Learn moreon Wealthfront's website AD Paid non-client promotion | ||
5.0/5 Reviewed in: Oct. 2024 Period considered: Aug. - Oct. 2024 | 0.25% with a balance over $20K or qualifying recurring deposit. Otherwise, $4/month. | $0 $10 to start | Get up to $1,000 when you open and fund a new investing account. Terms apply. | Learn moreon Betterment's website AD Paid non-client promotion | ||
4.9/5 Reviewed in: Nov. 2024 Period considered: Aug. - Nov. 2024 | 0.15% per year (approximately) | $100 | No advisory fees your first 90 days of Vanguard Digital Advisor investment management (Enrollment requires a Vanguard account with a minimum of $100) | Learn moreon Vanguard's website AD Paid non-client promotion | ||
4.4/5 Reviewed in: Oct. 2024 Period considered: Aug. - Oct. 2024 | $3 or $9 per month, depending on selected plan | $0 | Get $25 when you open a personal brokerage account and deposit at least $5. Subject to T&Cs. | Learn moreon Stash's website AD Paid non-client promotion |
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Discover® Online Savings
APY
3.75%
With $0 min. balance for APY
Bonus
$200
Requirements to qualify
SoFi Checking and Savings
APY
3.80%
With $0 min. balance for APY
Bonus
$300
Earn up to $300 with direct deposit. Terms apply.
Vanguard Cash Plus Account - Paid non-client promotion
Monthly fee
$0
APY
3.65%
With $0 min. balance for APY
Bonus
N/A
To recap our selections...
NerdWallet's Compare Online Brokers For Automated Investing (Robo-Advisors)- Wealthfront
- Betterment
- Vanguard Digital Advisor: Excellent for frequent traders & beginner investors
- Stash