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TD Ameritrade Essential Portfolios vs Merrill Edge Guided Investing Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Thursday, June 1st, 2017

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 TD Ameritrade Essential 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. TD Ameritrade Essential Portfolios is a better option with a 4.00 star rating over Merrill Edge Guided Investing's 3.00 star rating.

Looking at both robo-advisors, we can also explore their features. Neither robo offers tax-loss harvesting. For running predictions on retirement, clients will want to use a retirement calculator. Neither robo offers an advanced retirement calculator. Tracking personal financial goals can also be important. TD Ameritrade Essential 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. Merrill Edge Guided Investing has external accounts analysis, TD Ameritrade Essential Portfolios doesn't.

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. Both Merrill Edge Guided Investing and TD Ameritrade Essential Portfolios offer live chat support.

Overall, TD Ameritrade Essential Portfolios takes the upper hand with 4.50 stars over Merrill Edge Guided Investing's 4.00 stars. And, as far as individual category awards go, TD Ameritrade Essential Portfolios was rated Best in Class - Investment Approach, Best in Class - Platforms & Tools and Best in Class - Customer Service in 2017, 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
Phone Support
Email Support
Live Chat Support
Retirement Calculator - Basic
Retirement Calculator - Advanced
External Accounts Analysis
Market Research Reports
Goal Tracker
iPhone App
iPad App
Android App
Android Tablet App
TD Ameritrade Essential Portfolios
Special Offer Essential Portfolios, low-cost robo advisor Learn More
TD Ameritrade Essential Portfolios Review
 
4.5
4.5
4
4.5
4.5
 
$5,000.00
0.30%
0.30%
0.30%
0.30%
0.30%
NA
N/A
N/A
N/A
 
No
No
Yes
Yes
Yes
 
Yes
No
No
No
Yes
 
Yes
Yes
Yes
Yes
Merrill Edge Guided Investing
Merrill Edge Guided Investing Review
 
4
4.5
3
2.5
4.5
 
$5,000.00
0.45%
0.45%
0.45%
0.45%
0.45%
NA
0.09%
0.10%
0.08%
 
No
No
Yes
Yes
Yes
 
Yes
No
Yes
No
No
 
No
No
Yes
Yes

All pricing data was obtained from a published web site as of 2/20/2017 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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