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Rankings Updated 2026

Best Robo-Advisors in 2026

Top robo-advisors for US and Canadian investors — ranked by fees, features, tax optimization, and ease of use

Methodology: Ranked based on management fees, minimums, tax optimization, account types, and user experience. WealthWise earns no compensation from any company listed here.
1

Wealthfront

US
0.25%/year
★ Industry-leading tax-loss harvesting can save 1–2% annually in taxable accounts
Best-in-class tax-loss harvesting
Direct indexing for accounts $100k+
529 college savings + high-yield cash account
Automatic rebalancing
US only
No human advisor access
0.25% adds up at high balances
Minimum: $500Best for: Hands-off US investors who want sophisticated tax optimization
2

Betterment

US
0.25%/year (Digital) / 0.40% (Premium)
★ Most beginner-friendly interface with strong goal-based planning tools
No account minimum for basic plan
Goal-based investing interface
Premium tier includes CFP access
Socially responsible portfolios available
US only
Premium fee (0.40%) is high for a robo
Limited customization vs. DIY
Minimum: $0 (Digital) / $100k (Premium)Best for: Beginners and goal-focused investors who may want human advisor access later
3

Wealthsimple

US & Canada
0.40–0.50% (Core) / 0% ($100k+)
★ The gold standard robo-advisor for Canadian TFSA and RRSP investors
Available in Canada (TFSA, RRSP, RESP support)
No minimum investment
Socially responsible options
Free for $100k+ accounts (Premium)
Higher fee than US competitors for smaller accounts
Limited tax-loss harvesting in Canada
Minimum: $0Best for: Canadian investors wanting a modern, full-featured robo-advisor
4

Schwab Intelligent Portfolios

US
0% (base) / $30/month (Premium with advisor)
★ 0% management fee — Schwab earns via the cash allocation spread instead
No management fee
Backed by Schwab's scale and safety
Automatic rebalancing included
Premium adds unlimited CFP access
$5,000 minimum
Keeps ~6–10% in cash (Schwab earns the spread)
Less tax optimization than Wealthfront
Minimum: $5,000Best for: Investors with $5k+ who want zero management fee and a trusted institution
5

Fidelity Go

US
0% (under $25k) / 0.35% (over $25k)
★ Genuinely free for accounts under $25,000 — $0 total annual cost
Free under $25k — perfect for beginners
Access to Fidelity's advisor network
No fund expense ratios on Fidelity Flex funds
Excellent mobile app
0.35% fee at higher balances is steep
No tax-loss harvesting
Less sophisticated than Wealthfront
Minimum: $0Best for: Fidelity customers and beginners who want free management under $25k
6

Questwealth (Questrade)

Canada
0.20–0.25%/year
★ Lowest management fee of any major Canadian robo-advisor at 0.20%
Lowest fees of any Canadian robo (~0.20%)
TFSA, RRSP, RESP, LIRA support
Socially responsible portfolio option
Automatic rebalancing
Canada only
Less polished interface than Wealthsimple
$1,000 minimum
Minimum: $1,000Best for: Fee-conscious Canadian investors who want the lowest-cost managed portfolio

Frequently Asked Questions

What is a robo-advisor?

A robo-advisor is an automated investment platform that builds and manages a diversified ETF portfolio based on your goals and risk tolerance. It handles rebalancing automatically and charges 0–0.50% annually — far less than a traditional advisor (1–1.5%).

Are robo-advisors safe?

Robo-advisors from established firms are regulated (SEC in the US, IIROC/OSC in Canada) and your assets are held in your name at a custodian. They're covered by SIPC in the US ($500k) and CIPF in Canada. The investments carry normal market risk.

Should I use a robo-advisor or invest myself?

DIY with index ETFs (VTI/VOO or XEQT) has zero management fees vs. 0.20–0.50% for a robo. On $300k over 30 years, 0.30% costs ~$90,000. But if a robo keeps you invested through crashes and prevents panic selling, the behavioral benefit can outweigh the fee.

What is tax-loss harvesting?

Tax-loss harvesting is selling investments at a loss to offset capital gains taxes elsewhere. Wealthfront and Betterment do this automatically. It can reduce your tax bill by hundreds to thousands per year in taxable accounts — especially valuable for high-income investors.

What is the best robo-advisor for Canadians?

Wealthsimple is the most popular Canadian robo-advisor with strong TFSA and RRSP support. Questwealth (by Questrade) charges the lowest fees at ~0.20%. Both are regulated by Canadian securities authorities.

Not sure which investor type you are?

Take our free quiz to find your investor personality — then pick the platform that matches.