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 Schwab Intelligent Portfolios vs Ally Invest Advisors 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 received a rating of 5.00 stars over Ally Invest Advisors's 4.00 stars.
Exploring both robo-advisor feature sets, we can also find differences. Schwab Intelligent Portfolios offers tax-loss harvesting while Ally Invest Advisors does not. For running calculations on being ready for retirement, clients will want a retirement calculator. Schwab Intelligent Portfolios makes an advanced retirement calculator available to clients, while Ally Invest Advisors does not. Some customers like to monitor their personal financial goals. Schwab Intelligent Portfolios alongside Ally Invest Advisors offer goal tracking. 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, Ally Invest Advisors 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. Schwab Intelligent Portfolios and Ally Invest Advisors both offer live chat support.
Overall, Schwab Intelligent Portfolios boasts 4.50 stars versus Ally Invest Advisors's 3.50 stars. And, as far as individual category awards go, Schwab Intelligent Portfolios was rated Best in Class - Cost, Best in Class - Investment Approach and Best in Class - Platforms & Tools, while Ally Invest Advisors was rated none of these.