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Which Is Best for You?

Wealthfront vs. TD Ameritrade Essential Portfolios: Who They’re Best For

Wealthfront and TD Ameritrade Essential Portfolios are solid offerings in the robo-advisory space. Wealthfront started out as a digital advisory aimed at younger investors and has been blazing that trail ever since. TD Ameritrade was part of a different market disruption with its roots in the online discount brokerage space, so the robo-advisory represents a reach into a new and growing area of digital finance. We’ll look at the key elements of each of these services to help you decide which one is the best choice for managing your money.

  • Account Minimum: $500
  • Fees: 0.25% for most accounts, no trading commission or fees for withdrawals, minimums, or transfers. 0.42%–0.46% for 529 plans. Underlying portfolios of ETFs average 0.07%–0.16% management fee

  • Great for those looking to connect all their financial accounts to see the bigger picture
  • Designed for people who would like to set and track their goals
  • Access to a portfolio line of credit for those interested in a loan 
  • If you are someone who has an account of $100,000 or more you get access to additional securities

  • Account Minimum: $5,000
  • Fee: 0.30% of assets managed per year

  • Focused on newer investors who are interested in long-term investing
  • Great for those looking for extensive research capabilities
  • Appropriate for those new to investing or those who would prefer a lower-fee robo option
  • Designed to make novice investors more comfortable with a wider variety of asset classes 

Goal Setting

Retirement Planning

Account Types

Features and Accessibility


TD Ameritrade Essential Portfolios:


Minimum Deposit


Tax-Advantaged Investing


Customer Service

Our Take

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About Amy Harvey

Amy R. Harvey writes forStartUps Sections In AmericaRichest.

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