Best Robo-Advisors: Top Picks for for Automated Investing 2026

Fees: Wealthfront collects an annual management fee of 0.25%. On a $10,000 portfolio, that works out to $25 per year. Expense ratios — the fees attached to the funds in your portfolio— average around 0.08%, which is pretty competitive overall.

Investments: Automated portfolios tend to be built around your risk tolerance, and Wealthfront offers exposure to more asset classes than some others on this list, including international stocks, emerging markets, real estate, dividend equities and bonds. It also offers access to socially responsible and sector-specific ETFs for investors who want a more targeted approach.

Tax tools: All automated investing accounts include daily tax-loss harvesting — where investments may be sold at a loss to offset taxable gains — as well as automatic rebalancing to keep your portfolio aligned with its recommended asset allocation.

$500 account minimum: If you’re new to investing, have a smaller starting budget, or simply don’t want to make a major commitment before you test-drive, this could give you pause.

No human advisors: Wealthfront has remained steadfast in its commitment to being an automated platform. For some, this could be a drawback, especially for anyone whose finances become more complex over time and who wants to work with a human advisor, even for a fee. Some other robo-advisors on this list do offer that option, so if having a touchpoint is important to you, Wealthfront might not be the right fit.

Fees. Fidelity uses its proprietary mutual funds called "flex funds" for automated investment portfolios, all of which carry a 0% expense ratio or management fee. That means no surprise charges on any investments you hold, a nice plus for set-it-and-forget-it investors. Advisory fees kick in only once your balance exceeds $25,000, at which point you'll pay 0.35%. On a $50,000 balance, that's $175 a year.

Fidelity's suite of products. Fidelity's vast ecosystem is another draw. If you're one of the 24.8 million people who already use Fidelity for your 401(k) and appreciate the platform's strong customer service and UX, adding Fidelity Go to your lineup of accounts could feel like a natural choice here.

Human oversight. A typical setup for robo-advisors is for investing algorithms to be paired with a dedicated financial advisor. With Fidelity Go, the management decisions tied to your account are exclusively handled by human advisors — this may be a selling point for people who would breathe easier knowing the ship is being steered by human hands.

No tax-loss harvesting under $25,000. While Fidelity Go excels in many ways, it doesn't offer tax-loss harvesting for accounts with balances under $25,000. Tax-loss harvesting is when some securities in your portfolio are sold at a loss to offset gains and potential taxes from gains. This may matter less if you plan to open a Fidelity Go IRA, if you're in a low tax bracket or if you plan to have a small balance.

A more limited investment selection. If you're after a niche portfolio (e.g., ESG) or want exposure beyond the core assets of stocks, bonds and cash (e.g., real estate investment trusts), Fidelity Go may fall short here.

Fees: Intelligent Portfolios has no annual management fee — rare among robo-advisors. The only other robo on our list that does this is Fidelity Go (but only for certain lower balances) and Ally (but only for certain portfolios). You’ll still be on the hook for expense ratios on the funds in your portfolio, which average 0.12%, though some portfolios may be higher or lower depending on their risk allocation.

Large collection of portfolios: Schwab offers over 80 portfolios and 20 asset classes to choose from. Although there are no socially responsible portfolio options, investors can exclude up to three ETFs from their holdings.

IRA investors: If you're investing for retirement, Schwab has a lot going for it: retirement planning tools, a solid mix of portfolio options, relatively low fees, strong customer service, educational resources and 24/7 access to licensed professionals.

Account minimum: Schwab Intelligent Portfolios has what we consider a pretty steep account minimum — $5,000. While that might not fluster some investors, it’s a lot more than $0, which is pretty standard for most robo-advisors nowadays. It could be a barrier to entry for people with less capital to invest or for those just starting out.

Tax-loss harvesting: Schwab investors must have at least $50,000 in their accounts to access this feature. While this might not matter to some people, if you are in a high tax bracket but fail to meet the account minimum, it could be a drawback.