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Schwab Intelligent Portfolios vs Merrill Edge Guided Investing Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Wednesday, April 18th, 2018

Thanks to opening, funding, and spending over 100 hours testing accounts with eight different robo-advisors, we know our robos inside and out. For this review, we will compare Merrill Edge Guided Investing vs Schwab Intelligent Portfolios to see which robo-advisor is better.

When it comes to financial advice and selecting an automated advisor, the total annual cost charged is significant. Most sites just look at the annual account management charge assessed. For an accurate comparison, however, you also have to take into consideration the annual management fees (expense ratios) charged by the ETF holdings themselves. We included both. Schwab Intelligent Portfolios received a rating of 5.00 stars over Merrill Edge Guided Investing's 3.00 stars.

Features are also important to compare when selecting a robo-advisor. Some robos do a much better job than others with technology. Schwab Intelligent Portfolios offers tax-loss harvesting while Merrill Edge Guided Investing does not. To make sure you ready for retirement and will have enough money saved, running a calculator is required. Schwab Intelligent Portfolios makes an advanced retirement calculator available to clients, while Merrill Edge Guided Investing does not. Setting financial goals and tracking them is also a feature customers desire. Schwab Intelligent Portfolios offers goal tracking while Merrill Edge Guided Investing does not. Finally, syncing data from your other financial accounts (brokers, banks, etc) can open the door to deeper analysis of fees, holdings, and retirement planning. Schwab Intelligent Portfolios offers external accounts analysis while Merrill Edge Guided Investing does not.

Lastly, some customers want access to customer service via web friendly methods such as live chat as a compliment to the standard phone and email options. Merrill Edge Guided Investing alongside Schwab Intelligent Portfolios offer live chat support.

Overall, Schwab Intelligent Portfolios takes the upper hand with 4.50 stars over Merrill Edge Guided Investing's 3.00 stars. And, as far as individual category awards go, Schwab Intelligent Portfolios was rated Best in Class - Cost and Best in Class - Platforms & Tools, while Merrill Edge Guided Investing was rated Best in Class - Customer Service.
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Overall Robo
Investment Approach
Cost
Tools
Customer Service
Minimum Deposit
Annual Fee - $5,000
Annual Fee - $25,000
Annual Fee - $50,000
Annual Fee - $100,000
Annual Fee - $1,000,000
Total AuM
Avg Funds Expense Ratio - Conservative
Avg Funds Expense Ratio - Moderate
Avg Funds Expense Ratio - Aggressive
Tax-Loss Harvesting
529 Plans
CFP Access
Phone Support
Email Support
Live Chat Support
Goal Tracker - Basic
Goal Tracker - Advanced
External Accounts Analysis
Market Research Reports
iPhone App
Android App
Schwab Intelligent Portfolios
Schwab Intelligent Portfolios Review
 
4.5
4.5
5
4.5
3.5
 
$5,000.00
0.00%
0.00%
0.00%
0.00%
0.00%
$30.6 Billion
0.06%
0.15%
0.20%
 
Yes
No
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Merrill Edge Guided Investing
Merrill Edge Guided Investing Review
 
3
4.5
3
2
4.5
 
$5,000.00
0.45%
0.45%
0.45%
0.45%
0.45%
NA
0.09%
0.10%
0.08%
 
No
No
No
Yes
Yes
Yes
 
Yes
No
No
No
No
No

All pricing data was obtained from a published web site as of 02/20/18 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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