The minimum balance for Merrill Guided Investing is $1,000 if you only want access to the robo-advisor tool. If you want to meet with a human investment advisor, you need at least $20,000.<\/span><\/p>"
}
}
,
{
"@type": "Question",
"name": "Is Merrill Guided Investing a Robo-Advisor?",
"acceptedAnswer": {
"@type": "Answer",
"text": " Merrill Guided Investing is a hybrid robo-advisor. It is a robo-advisor platform that automatically comes up with portfolio recommendations and manages investments for clients. <\/p> However, the process is overseen by human investment professionals at Merrill. These professionals track market conditions and update the robo-advisor portfolio recommendations in an attempt to earn higher returns through active management. It’s not a fully automated process like a pure robo-advisor such as Wealthfront.<\/p>"
}
}
,
{
"@type": "Question",
"name": "How Trustworthy Is Wealthfront?",
"acceptedAnswer": {
"@type": "Answer",
"text": " Wealthfront is very trustworthy. It’s one of the top-ranked robo-advisors in the country, as it delivers quality investment options and portfolio management at a reasonable fee. Wealthfront also invests in security measures, such as encryption and limits on access to customer data. Finally, Wealthfront provides both SIPC and FDIC insurance<\/a> on customer funds.<\/p>"
}
}
,
{
"@type": "Question",
"name": "Are Wealthfront Fees Worth It?",
"acceptedAnswer": {
"@type": "Answer",
"text": " Wealthfront’s fees can be worth it if you want help to manage your portfolio without paying the cost of a human advisor. Wealthfront charges 0.25% of your balance per year versus the 1% or more a typical human investment advisor charges. Wealthfront then creates and manages your portfolio with tax-loss harvesting to find ongoing tax breaks. Wealthfront claims it makes up its fees through tax-loss harvesting alone.<\/span> On the other hand, if you feel comfortable investing on your own, you may not find Wealthfront’s fee worth it.<\/p>"
}
}
]
} ] }
]