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Schwab Intelligent Portfolios vs Merrill Edge Guided Investing Review

Blain Reinkensmeyer

Published by Blain Reinkensmeyer


Thursday, November 15th, 2018

We spent over 100 hours testing robo-advisors, opening and funding an account with each robo to acquire a true client experience and find the best robo advisors. In this comparison, we will compare Merrill Edge Guided Investing vs Schwab Intelligent Portfolios to see which robo-advisor is better.

First, let’s take a look at the fees of these two investment advisors. Cost is broken down into both the annual management fee charged each year as well as the expense ratios charged by the ETF holdings themselves. Schwab Intelligent Portfolios received a rating of 5.00 stars over Merrill Edge Guided Investing's 3.00 stars.

Looking at both robo-advisors, we can also explore their features. Schwab Intelligent Portfolios has tax-loss harvesting, Merrill Edge Guided Investing doesn't. For running predictions on retirement, clients will want to use a retirement calculator. Schwab Intelligent Portfolios has an advanced retirement calculator, Merrill Edge Guided Investing doesn't. Tracking personal financial goals can also be important. Schwab Intelligent Portfolios offers goal tracking while Merrill Edge Guided Investing does not. Finally, the ability to import and aggregate third-party financial accounts for holistic analysis can be particularly useful. Schwab Intelligent Portfolios makes external accounts analysis available to clients, while Merrill Edge Guided Investing does not.

Lastly, tech savvy Millennials may find it valuable to have access to customer service through phone, email, and live chat. However, not every robo-advisor offers live chat support. 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
Advantage
Tax-Loss Harvesting
529 Plans
CFP Access
Phone Support
Email Support
Live Chat Support
Advantage
Goal Tracker - Basic
Goal Tracker - Advanced
External Accounts Analysis
Market Research Reports
iPhone App
Android App
Advantage
Overall Robo
Advantage
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%
check_circle
 
Yes
No
Yes
Yes
Yes
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
check_circle
 
4.5
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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
 
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All pricing data was obtained from a published web site as of 09/01/18 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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