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Wealthfront vs Ally Invest Advisors Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Friday, November 17th, 2017

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 Ally Invest Advisors vs Wealthfront 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. Wealthfront received a rating of 4.50 stars over Ally Invest Advisors's 4.00 stars.

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

Overall, Wealthfront boasts 4.00 stars versus Ally Invest Advisors's 3.50 stars. And, as far as individual category awards go, Wealthfront was rated Best in Class - Cost in 2017, while Ally Invest Advisors was rated none of these.
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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
Wealthfront
Wealthfront Review
 
4
4
4.5
4
3.5
 
$500.00
0.0%
0.15%
0.20%
0.23%
0.25%
$7.4 Billion
N/A
N/A
N/A
 
Yes
Yes
No
Yes
Yes
No
 
Yes
Yes
Yes
No
Yes
Yes
Ally Invest Advisors
Ally Invest Advisors Review
 
3.5
3.5
4
3
3
 
$2,500.00
0.30%
0.30%
0.30%
0.30%
0.30%
$59 million
0.11%
0.10%
0.07%
 
No
No
No
Yes
Yes
Yes
 
Yes
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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