Acorns Review

Acorns

Founded 2012

Minafi Score

74 /100

Minafi Rating

6 /10

Usability Rating

8 /10

Cost Rating

7 /10

Trust Rating

7 /10

Company Age Score

5 /5

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Acorns Alternatives

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Acorns

74

Minafi's Take

Acorns is a hybrid platform – designed for investors who want to know what they’re invested in, but prefer a hands off approach for the day-to-day management of their accounts. Think of it as a roboadvisor where you have more input into what’s chosen.

Just The Facts

Here’s everything you want to know about Acorns.

Who Manages Your Money?

Acorns is categorized as a Roboadvisor. After you create your account and set your timeframe for investing and your risk tolerance, Acorns will make all investment decisions for you.

What Features Does Betterment Offer?

Acorns allows you to invest using at least 3 different account types, over at least 3 platforms.

How Much Does Betterment Cost?

This assumes a $5 per month fee and an average expense ratio of 0.15% (individual expense ratios range from 0.03% to about 0.20%).

Current Promotions

  • $5 sign up bonus

Fees & Expenses View all fees

  • $1/month - Lite Plan (Investment account)
  • $3/month - Personal Plan (Investment account, retirement account & checking account)
  • $5/month - Family Plan (All of the above + kids and advice)
  • Additional expenses are in the form of the expense ratio for your chosen investments.

How Do I Sign Up?

Open an Account

Acorns Alternatives

Here's a look at how Acorns compares with it's closest competitors.

Acorns

74

Open An Account
Ratings
Rating Type Rating
Minafi Rating 6 /10
Usability Score 8 /10
Cost Rating 7 /10
Trust Rating 7 /10
Company Age Score 5 /5
JD Power Score -
Overview
Overview Feature Included
Founded 2012
Min Investment $0.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee -
Monthly Fee
Options Fee -
Trade Fee -

Betterment

84

Open An Account
Ratings
Rating Type Rating
Minafi Rating 9 /10
Usability Score 10 /10
Cost Rating 4 /10
Trust Rating 9 /10
Company Age Score 5 /5
JD Power Score -
Overview
Overview Feature Included
Founded 2008
Min Investment $0.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee
Monthly Fee -
Options Fee -
Trade Fee -
Ratings
Rating Type Rating
Minafi Rating 7 /10
Usability Score 7 /10
Cost Rating 5 /10
Trust Rating 7 /10
Company Age Score 5 /5
JD Power Score -
Overview
Overview Feature Included
Founded 2015
Min Investment $5.00
Classification
Accounts Offered
How to Access
Allows Investors from
Features
Feature Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Fee Type Included
Management Fee -
Monthly Fee
Options Fee -
Trade Fee -

Compare Acorns with other platforms »

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Open an Account

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