| Betterment Institutional | Jemstep Advisor Pro | Trizic | Charles Schwab's Institutional Intelligent Portfolios | Hedgeable | Marstone | Folio Institutional's Advisor Connexion | Envestnet's Advisor Now | Motif Advisor | Wealthminder | NestEgg/Vanare | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price | 25 bps platform fee paid by client | Starts at 15 bps and reduces to 8 bps | Annual fee: Below $10M, 10 bps; $10M to $24.9M, 9 bps; $25M to $49.9M, 8 bps; $50M to $74.9M, 7 bps; $75M to $100M, 6 bps; more than $100M, 5 bps | Advisers with AUM less than $100 million custodied with Schwab outside of IIP, 10 bps; with AUM more than $100 million, free | Yearly fee: Between 30 and 75 bps | In beta — expected roll-out is Q4 | Not available | Between 10 and 25 bps | Between 15 and 25 bps | $10 per month per client or $75 per year per client | 15 bps and reduces to 10 bps; 25 bps for subadvisor |
| Account minimum | $0 | At each adviser's discretion | $0 | $5,000 | $0 | $5,000 | $0 | $5,000 | $0 | $0 | At advisor discretion |
| Consumer version | In beta | ||||||||||
| Tax-loss harvesting | $50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
via iRebal |
| Active/Passive | Passive | Active & Passive | Active & Passive | Passive | Active & Passive | Passive | Active & Passive | Active & Passive | Active & Passive | Active & Passive | Active & Passive |
| Products | ETFs | All | All | ETFs | All | ETFs | Stocks, ETFs, REITs, ADRs, mutual funds | ETFs and mutual funds | Stocks, ETFs, ADRs, CEFs | All | All, including UMAs |
| Risk profiling | Age-based allocation | ||||||||||
| Automatic rebalancing | $50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$5,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
$50,000 minimum |
| Client billing | |||||||||||
| Compliance Reporting | |||||||||||
| Software Integrations | Fidelity Investments' eMoney Advisor, MoneyGuidePro, Advent's Black Diamond, Orion Advisor Services, LPL Financial's Fortigent | Fiserv, Salesforce, Orion, Xignite, TD Ameritrade Institutional's Veo, DocuSign, various marketing automation such as Marketo and Oracle Eloqua | TD Ameritrade's Veo, DocuSign | Schwab Alliance, Schwab Advisor Center and Schwab OpenView Gateway | Intuit's Mint and TurboTax, Personal Capital, Fidelity's eMoney Advisor, BNY Mellon's Albridge, Advent's Black Diamond, Coinbase, CircleUp | Yodlee | A suite based on each firm's preference | Yodlee, Finance Logix and DocuSign | In development | TD Ameritrade Institutional's Veo | iRebal, TD Ameritrade, HiddenLevers, FolioDynamix, DocuSign, Cabinet SAFE, Intercom |
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