Schwab Intelligent Portfolios Premium is better suited for investors with higher initial capital and those who value comprehensive financial planning and access to financial planners. It also offers tax-loss harvesting and SRI options. Fidelity Go is a better choice for investors with lower initial capital, offering a lower fee structure for smaller accounts and access to financial advisors for accounts over $25,000.
| Attribute | Schwab Intelligent Portfolios Premium | Fidelity Go |
|---|---|---|
| Minimum Investment | $25,000 to enroll in Schwab Intelligent Portfolios Premium. $5,000 minimum per individual account. | $0 to open an account, $10 to start investing. |
| Advisory Fee Structure | One-time planning fee of $300 and a $30 per month advisory fee. The monthly fee is charged quarterly. | No advisory fee for balances under $25,000. 0.35% per year for balances of $25,000 or more. |
| Investment Strategy (Passive vs. Active) | Primarily passive, using a diversified portfolio of low-cost ETFs. Employs a global approach to diversification, but also offers U.S.-focused and income-focused portfolios. | Suggests an initial investment strategy based on your goals, time horizon, and risk tolerance. Portfolios are built from Fidelity Flex mutual funds. These funds cover domestic stocks, foreign stocks, bonds, and short-term investments. Managed by a team of humans from Strategic Advisers LLC. |
| Tax-Loss Harvesting | Available for accounts with invested assets of $50,000 or more. Clients must opt-in to activate this feature. Seeks to postpone capital gains by offsetting them with capital losses. | Not offered. However, municipal bonds are used in taxable accounts. |
| Financial Advisor Access | Unlimited access to CERTIFIED FINANCIAL PLANNER professionals. Clients can schedule appointments online for phone or video conference meetings. It is possible to speak with a financial advisor before signing up to understand their approach and expertise. Over 95% of the 600-person Wealth Advisory team holds a professional designation in their area of expertise. | Clients with a balance over $25,000 get access to Fidelity Go's advisors. Unlimited 30-minute coaching calls are available for accounts over $25,000. |
| Personalized Financial Planning | Offers comprehensive financial planning with guidance. Clients receive a financial plan and access to online planning tools. | Customers complete a questionnaire to gauge risk tolerance and financial goals. Fidelity Go's Target Tracking lets customers set goals and monitors their progress. |
| Account Types Supported (e.g., IRA, Roth IRA, taxable) | Supports individual and joint taxable brokerage accounts, traditional, Roth, rollover, SEP, and SIMPLE IRAs, as well as trusts, UGMA, UTMA, tenants in common, and community property accounts. | Individual and joint non-retirement accounts. Roth, traditional, rollover, and SEP IRAs. Health savings accounts (HSAs). |
| Goal Setting and Tracking | Offers digital planning tools and a Goal Tracker to create a roadmap for reaching financial goals, including saving for college, retirement, or buying a house. | Fidelity Go allows you to set up savings goals when you create your account. You can set up multiple accounts with different goals. Offers a financial wellness section to help track progress. |
| Automatic Rebalancing | Portfolios are monitored daily and automatically rebalanced as needed to maintain the client's selected risk profile. Rebalancing is triggered when an asset class shifts above or below its target range. Rebalancing occurs only as needed when an asset class drifts far enough from its intended weighting. | Accounts are monitored daily and rebalanced by investment managers as needed. Rebalancing is triggered when the portfolio drifts outside certain parameters based on your assigned portfolio. |
| Socially Responsible Investing (SRI) Options | Clients can exclude up to 3 ETFs from their portfolio. If you exclude an ETF in an asset class, your account will hold the alternate ETF in that asset class, and tax-loss harvesting would not be possible. | Not offered. |
| Mobile App Availability and Features | Access is available online and through Android or iOS mobile apps. | Fidelity Go is available through the Fidelity Investments app on iOS and Android. The app provides access to market information, portfolio tracking, trading, and financial planning tools. |
| Customer Support Channels and Availability | Offers 24/7 phone, email, and chat support. In-person branches are also available. | 24/7 phone support. Live chat (Monday through Friday, extended business hours). Virtual assistants, email, and social media support. |