For our Robo-Advisor Review we assessed, rated, and ranked eight different firms. Instead of relying on website information and marketing materials as most editorials do, we opened and funded an account with each robo-advisor
to acquire a true client experience. Here, we will compare E*TRADE Core Portfolios vs Schwab Intelligent Portfolios to see which robo-advisor is best.
To start our comparison, we will take a look at the annual fees for both services. Cost is broken down into two separate buckets: the annual management fee charged for having an account and the annual fee charged for holding each ETF in the portfolio. Schwab Intelligent Portfolios is a better option with a 5.00 star rating over E*TRADE Core Portfolios's 3.50 star rating.
Exploring both robo-advisor feature sets, we can also find differences. Schwab Intelligent Portfolios offers tax-loss harvesting while E*TRADE Core Portfolios does not. For running calculations on being ready for retirement, clients will want a retirement calculator. Schwab Intelligent Portfolios has an advanced retirement calculator, E*TRADE Core Portfolios doesn't. Some customers like to monitor their personal financial goals. Schwab Intelligent Portfolios has goal tracking, E*TRADE Core Portfolios doesn't. Finally, an attractive feature includes providing deeper account analysis thanks to the ability to import and aggregate third-party financial accounts. Schwab Intelligent Portfolios has external accounts analysis, E*TRADE Core Portfolios doesn't.
Lastly, more web savvy customers may find it valuable to have access to customer service through phone, email, and live chat. However, not every robo provides live chat support as an option. E*TRADE Core Portfolios and Schwab Intelligent Portfolios both offer live chat support.
Overall, Schwab Intelligent Portfolios boasts 4.50 stars versus E*TRADE Core Portfolios's 3.00 stars. And, as far as individual category awards go, Schwab Intelligent Portfolios posted awards Best in Class - Cost and Best in Class - Platforms & Tools, while E*TRADE Core Portfolios found itself with none of these.