How much is your robo charging you?
IBKR Asset Management Smart Beta 2
IBKR Asset Management Asset Allocation 2
No minimum
Merrill Lynch 2
Morgan Stanley
First $10,000
Over $10,000
No Charge
Wells Fargo
0.50% 3

Important information

  1. Each firm’s information reflects the annual robo advisor management fees obtained from the respective firms' websites as of December 05, 2017. Pricing and offers subject to change without notice. We have not attempted to survey the entire industry for comparative robo advisor offerings and have selected for comparison purposes some of the most publicized competing offerings. There may be other offerings available on the U.S. market that we have not analyzed or listed above that may offer similar services at similar or even lower costs. Additionally, some of the management fees charged by these competing robo advisers may include services which Interactive Brokers Asset Management does not offer, such as tax loss harvesting.
  2. The management fees for Interactive Brokers Asset Management and Merrill Lynch do not include trading fees.
  3. The Wells Fargo fee is discounted to 0.40% for clients with certain deposit levels or combined banking relationships.
  4. None of the fees indicated above include the costs associated with owning ETFs, which are in addition to the fees displayed in the chart.
  5. Interactive Brokers Asset Management is currently licensed to offer investment services to US residents only. This fee comparison or our website is NOT intended to be a solicitation or advertisement outside the US.
  6. Nothing on this page should be construed as a solicitation or offer or recommendation to buy or sell any security or as an attempt to provide any investment advice. Investment advice is only provided to investors who become clients pursuant to an investment management agreement. Covestor Ltd is an investment adviser registered with the Securities and Exchange Commission, doing business as Interactive Brokers Asset Management.

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