![]() Stash+: This includes all of the above plus investing accounts for two kids, in addition to investing market insights and banking and insurance access.Īs is the case with most brokerage accounts these days, fees are relatively low across Stash, Acorns and Robinhood. It also gives users tax benefits with retirement investing and a “smart portfolio.” Growth: This offers low-cost investment options through a personal investing account and comes with banking and insurance access. Stash also has three different levels of investment plans: Stash also has the added benefit of giving you investment recommendations based upon your goals and financial situation. Stash also supports many different account types, including taxable brokerage accounts, retirement accounts and a banking account that comes with a debit card.Ī Stash brokerage account will let you invest in ETFs and individual stocks as you please, much like any other brokerage, albeit with fewer offerings. In short, it features the package-based approach of Acorns, while affording a wider range of investments like Robinhood. Stash can be looked at as a combination of both Robinhood and Acorns. However, you can set up recurring deposits, roundups from card purchases and you can even earn more by shopping with certain Acorns partners. But the fact that you can’t invest in individual stocks may be a deal breaker for many. This brokerage can provide an all-in-one service at a relatively low cost. There are two tiers of Acorns accounts:Īcorns Personal: This package includes a trio of accounts: a basic taxable investing account, a SEP, Roth or traditional IRA and a checking account.Īcorns Family: This includes all of the above, in addition to an Acorns Early account, which is an investment account for your kids. Instead, it functions more as an accumulation account that invests for you. You can use the platform to invest in stocks, exchange-traded funds (ETFs), options and even cryptocurrencies.Īcorns takes a different approach that doesn’t allow users to invest in individual stocks. Robinhood doesn’t charge trading commissions, which is a trend that has taken over the industry. It’s free to open an account with Robinhood, and you can make trades as you like. However, Robinhood still has lots to offer customers. The company made headlines earlier this year when they were accused of stifling meme stock booms, such as the short squeeze on Gamestop ($GME) stock, due to their hedge fund backing. Robinhood is one of the better known online investment platforms out there, for better or for worse. However, each offers different services and it pays to know how they stack up. If you have a mobile device, such as an iPhone or Android, it’s easy to open up an account with any of these companies. For questions about investing, consider working with a financia advisor in your area.Īll three of these online brokerage platforms are fairly new to the market, especially when compared with longstanding institutions like Vanguard, Fidelity or Charles Schwab. The differences don’t stop there, and you should know what you’re getting into before you sign up with any of them. All three offer many ways to invest your money, but it’s important to note the differences, especially the fact that only two of the three allow you to invest in individual stocks. ![]() While there are larger players in the brokerage space, these companies are certainly some of the most dynamic. Each was designed to simplify investing for retail investors, offering straightforward apps that are easy to use and understand. When it comes to investing online or on your phone, Stash, Acorns and Robinhood are three names at the top of the industry. ![]()
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