Merrill Edge vs Wealthfront

	Merrill Edge	Wealthfront
	SPECIAL OFFER $100 Bonus Offer - Learn More	SPECIAL OFFER Wealthfront Cash Account - Learn More Read Wealthfront Review
	Benefits and Features
Savings		5% APY Cash Management Account
Stock Trading	$0 per trade
Options Trading	$0 + $0.65 per contract
Annual Fee		0.25%
Minimum Deposit	$0	$500
Mutual Fund Trading	$0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee funds
Commission Free ETFs
Phone Support		Yes
Live Chat Support		No
Email Support		Yes
Human Advisors		No
Robo Advisor
Assets Under Management		$10+ Billion
Tax Loss Harvesting		Yes
Goal Tracker		Yes
Automatic Deposits		Yes
Broker Assisted Trades	$29.95
Inactivity Fee	None
Maintenance Fee	$0
Online Platform		Yes
iPhone App		Yes
Android App		Yes
Banking	Through Bank of America
Mobile App	Yes	Yes
Desktop App	Yes
Forex Trading	No
Futures Trading	No
Customer Service	24/7
Locations	More than 2,100 Bank of America locations
Online Community	No
Seminars	Yes
Virtual Trading	No
Single Stock Diversification		Yes
Fractional Shares		No
Taxable Accounts		Yes
401k Plans		No
IRA Accounts		Yes
Roth IRA Accounts		Yes
SEP IRA Accounts		Yes
Trust Accounts		Yes
529 Plans		Yes
	CreditDonkey® Reviews
Annual Fee
Minimum Deposit
Investment Types
Customer Service
Pros & Cons		Pros: Minimal opening deposit & fees Advanced goal tracker Tax loss harvesting Cons: No human advisors No fractional shares
Bottom Line		Good robo-advisor for hands-off investor. Fees are low, but lack human advisors... Read full review
	$100 Bonus Offer $150 Bonus Offer $250 Bonus Offer	Wealthfront Cash Account
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Merrill Edge: Pricing information from published websites as of 08/01/2024. Wealthfront: Pricing information from published website as of 04/20/2024.