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Digital Advice Report
Formerly The Robo Report
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Fees, Minimums, and Allocations
Fees, Minimums, & Allocations
| Portfolio | Robo Account Minimum | Robo Advisor Annual Advisory Fee | Weighted Average Expense Ratio | Initial Target Asset Allocation (Equities/ Fixed Income/ Miscellaneous/ Cash) | Current Asset Allocation (Equities/ Fixed Income/ Miscellaneous/ Cash) | Initial Domestic/ International Equity Split | Current Domestic/ International Equity Split | Tax Efficiency Ratio (% Muni Bonds of Overall Fixed Income) |
|---|---|---|---|---|---|---|---|---|
| Acorns | No minimum | $3/month for Bronze; $6/month for Silver; $12/month for Gold | 0.04% | 61%/39%/0%/0% | 62%/38%/0%/0% | 84%/16% | 68%/32% | 0% |
| Ally Invest Robo Portfolios | $100 | 0.30% annually; Also offers 'cash-enhanced' portfolio with 30% invested in cash and no management fee | 0.05% | 59%/39%/0%/2% | 61%/36%/0%/3% | 59%/41% | 60%/40% | 0% |
| Axos Invest | $500 | 0.24% annually | 0.11% | 64%/36%/0%/0% | 67%/29%/0%/4% | 62%/38% | 64%/36% | 0% |
| Betterment | Digital: No minimum; Premium: $100,000 | $5/ month or 0.25% annually with $24,000 in platform assets or $250 monthly deposits; 0.65% annual fee for Premium | 0.07% | 65%/35%/0%/0% | 67%/33%/0%/0% | 49%/51% | 63%/37% | 67% |
| Betterment Broad Impact SRI | Digital: No minimum; Premium: $100,000 | $5/ month or 0.25% annually with $24,000 in platform assets or $250 monthly deposits; 0.65% annual fee for Premium | 0.15% | 60%/40%/0%/0% | 61%/39%/0%/0% | 50%/50% | 64%/36% | 52% |
| Betterment Climate Impact SRI | Digital: No minimum; Premium: $100,000 | $5/ month or 0.25% annually with $24,000 in platform assets or $250 monthly deposits; 0.65% annual fee for Premium | 0.20% | 60%/40%/0%/0% | 64%/36%/0%/0% | 78%/22% | 64%/36% | 51% |
| Betterment Social Impact SRI | Digital: No minimum; Premium: $100,000 | $5/ month or 0.25% annually with $24,000 in platform assets or $250 monthly deposits; 0.65% annual fee for Premium | 0.18% | 60%/40%/0%/0% | 61%/39%/0%/0% | 57%/43% | 64%/36% | 52% |
| Betterment SRI (legacy) | Digital: No minimum; Premium: $100,000 | $5/ month or 0.25% annually with $24,000 in platform assets or $250 monthly deposits; 0.65% annual fee for Premium | 0.16% | 60%/40%/0%/0% | 60%/40%/0%/0% | 50%/50% | 64%/36% | 50% |
| Betterment Innovative Technology | Digital: No minimum; Premium: $100,000 | $5/ month or 0.25% annually with $24,000 in platform assets or $250 monthly deposits; 0.65% annual fee for Premium | 0.12% | 60%/40%/0%/0% | 61%/39%/0%/0% | 61%/39% | 62%/38% | 66% |
| Citi Wealth Builder | $1,000 | 0.25% annually; 0.60% annually for Plus; discounted relationship pricing may be available | 0.04% | 61%/36%/0%/3% | 65%/33%/0%/2% | 72%/28% | 65%/35% | 0% |
| Citizens Bank SpeciFi | $2,000 | 0.50% annually | 0.07% | 64%/36%/0%/1% | 67%/32%/0%/1% | 54%/46% | 58%/42% | 0% |
| E*Trade Core | $500 | 0.30% annually | 0.04% | 60%/39%/0%/1% | 65%/34%/0%/1% | 75%/25% | 75%/25% | 0% |
| E*Trade Core SRI | $500 | 0.30% annually | 0.19% | 61%/35%/0%/4% | 65%/33%/0%/1% | 65%/35% | 75%/25% | 97% |
| Edelman Financial Engines (EMAP) | $5,000 | 1.75%; discounted tiered pricing at higher asset levels | 0.10% | 67%/30%/0%/3% | 67%/31%/0%/2% | 80%/20% | 78%/22% | 0% |
| Fidelity Go | No minimum; access to live advisors requires a $25,000 minimum | No Advisory fee on account balances under $25,000; 0.35% on accounts with balances over $25,000 | 0.00% | 61%/39%/0%/0% | 61%/39%/0%/1% | 71%/29% | 71%/29% | 95% |
| Interactive Advisors | $100 minimum. Some portfolio selections require a higher minimum | Fee between 0.10% - 0.75% annually depending on portfolio selection | 0.05% | 54%/46%/0%/0% | 80%/18%/0%/1% | 55%/45% | 59%/41% | 27% |
| Merrill Guided Investing | Guided Investing: $1,000; Guided Investing with an Advisor: $20,000 | Guided Investing: 0.45% annually (digital only); Guided Investing with an Advisor: 0.85% annually | 0.05% | 60%/39%/0%/1% | 64%/35%/0%/1% | 66%/34% | 75%/25% | 96% |
| Merrill Guided Investing SRI | Guided Investing: $1,000; Guided Investing with an Advisor: $20,000 | Guided Investing: 0.45% annually (digital only); Guided Investing with an Advisor: 0.85% annually | 0.14% | 59%/37%/0%/4% | 64%/34%/0%/2% | 65%/35% | 74%/26% | 0% |
| Empower (Personal Capital) | $100,000 | 0.89% annually; discounted tiered pricing at higher asset levels | 0.09% | 69%/25%/5%/1% | 75%/25%/0%/1% | 70%/30% | 71%/29% | 0% |
| Robinhood | $50 | Robinhood Strategies: 0.25% annually; Robinhood Gold: $5/month + 0.25% annually capped at $250. Every dollar over $100k is managed for free | 0.11% | 55%/44%/0%/1% | 58%/41%/0%/1% | 80%/20% | 87%/13% | 47% |
| Schwab Intelligent Portfolios | Intelligent Portfolios: $5,000; Intelligent Portfolios Premium: $25,000 | Intelligent Portfolios: No fee (digital only); Intelligent Portfolios Premium: $300 initial planning fee, $30/month subscription | 0.13% | 61%/23%/5%/10% | 61%/28%/0%/10% | 51%/49% | 52%/48% | 83% |
| Schwab Domestic Focus | Intelligent Portfolios: $5,000; Intelligent Portfolios Premium: $25,000 | Intelligent Portfolios: No fee (digital only); Intelligent Portfolios Premium: $300 initial planning fee, $30/month subscription | 0.10% | 65%/25%/0%/11% | 59%/31%/0%/10% | 78%/22% | 74%/26% | 93% |
| SigFig | $2,000 | No fee for the first $10k; 0.25% annually for balance over $10k | 0.05% | 62%/37%/0%/1% | 64%/36%/0%/0% | 58%/42% | 60%/40% | 0% |
| SoFi | $50 | 0.25% annually | 0.18% | 52%/48%/0%/0% | 67%/32%/0%/2% | 67%/33% | 75%/25% | 98% |
| Stash Smart Portfolio | $5 | $3/month for Growth (includes Smart Portfolio); $9/month for Stash+ | 0.07% | 60%/40%/0%/0% | 61%/39%/0%/0% | 55%/45% | 63%/37% | 0% |
| T Rowe Price ActivePlus Portfolios IRA | $50,000 | No management fee | 0.78% | 100%/0%/0%/0% | 100%/0%/0%/0% | 63%/37% | 67%/33% | 0% |
| TD Automated Investing | Automated Investing: $1,000 ; Automated Investing Plus: $25,000 | Automated Investing: 0.30% annually, minimum $15 annually for accounts between $1,000 and $5,000; Automated Investing Plus: 0.60% annually, minimum $250 annually | 0.10% | 65%/34%/0%/1% | 70%/27%/0%/3% | 79%/21% | 70%/30% | 0% |
| Vanguard Digital Advisor | Vanguard Personal Advisor Services: $50,000; Vanguard Digital Advisor: $100 | Vanguard Personal Advisor Services 0.30% annually. Vanguard Digital Advisor combined underlying fund fees and management fees capped at 0.20% | 0.04% | 58%/38%/0%/4% | 52%/46%/0%/2% | 59%/41% | 70%/30% | 0% |
| Vanguard Personal Advisor | Vanguard Personal Advisor: $50,000; Vanguard Digital Advisor: $100 | Vanguard Personal Advisor 0.30% annually. Vanguard Digital Advisor combined underlying fund fees and management fees capped at 0.20% | 0.05% | 60%/40%/0%/0% | 63%/37%/0%/0% | 60%/40% | 70%/30% | 97% |
| Wealthfront (Risk 4.0 ; 2016) | $500, some additional portfolio features require a higher minimum | 0.25% annually | 0.04% | 65%/35%/0%/0% | 64%/35%/0%/1% | 67%/33% | 73%/27% | 48% |
| Wealthfront (Risk 4.0 ; 2018) | $500, some additional portfolio features require a higher minimum | 0.25% annually | 0.03% | 60%/40%/0%/0% | 67%/32%/0%/0% | 69%/31% | 77%/23% | 66% |
| Wells Fargo Intuitive Investor | $500 | 0.35% annually; discounted relationship pricing may be available | 0.13% | 63%/34%/0%/3% | 67%/30%/0%/2% | 77%/23% | 76%/24% | 0% |
| Webull | $100 | 0.20% annually or $1, whichever is greater | 0.06% | 62%/36%/0%/2% | 62%/36%/0%/2% | 65%/35% | 67%/33% | 0% |
| Zacks Advantage | $25,000 | 0.70% annually; discounted tiered pricing at higher asset levels | 0.08% | 57%/34%/0%/9% | 64%/32%/0%/4% | 72%/28% | 72%/28% | 94% |
Current allocations as of 6/30/2026. Due to rounding, may not add to 100%.
Weighted average expense ratio calculations exclude cash holdings from the portfolio.