Platform Comparison

Axos Invest vs Ellevest

Compare Axos Invest and Ellevest on fees, DRIP, fractional shares and research for dividend investing.

Higher Rated
AX

Axos Invest

★3.9

A budget-friendly robo-advisor with automatic rebalancing and tax-loss harvesting at just 0.24% annually—great value but limited customization.

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EL

Ellevest

★3

Ellevest discontinued its robo-advisor service in February 2025—existing accounts were transferred to Betterment. Private wealth management continues for $500K+ clients.

Full Review

Axos Invest vs Ellevest: Fees, Minimums & DRIP Compared

FeatureAxos InvestEllevest
Our Rating3.9/53/5
Trading CommissionsN/AN/A
Account Minimum$1N/A
Fractional SharesN/AN/A
DRIPYesN/A
Research ToolsAutomatedAutomated
Best ForCost-Conscious BeginnersHigh-Net-Worth Women

Axos Invest vs Ellevest: Pros and Cons

Axos Invest

Pros

  • + Very low 0.24% annual advisory fee
  • + No account minimum for managed portfolios ($1 to start)
  • + Automatic dividend reinvestment (DRIP) included
  • + Tax-loss harvesting at no extra cost
  • + Automatic portfolio rebalancing

Cons

  • - Limited portfolio customization—can't exclude specific ETFs
  • - Only 5 pre-built portfolios to choose from
  • - No direct indexing or advanced tax strategies
  • - Customer support limited to business hours

Ellevest

Pros

  • + Private wealth management still available ($500K+ minimum)
  • + Existing robo clients transitioned to Betterment (solid alternative)
  • + Betterment offers similar features with good reputation
  • + Historical focus on women's financial needs was innovative
  • + Career coaching services continue separately

Cons

  • - Robo-advisor service discontinued February 2025
  • - Regular investors can no longer open new accounts
  • - $500K minimum for remaining wealth management services
  • - Transition to Betterment may not suit all former clients

Which Is Better for Dividend Investors: Axos Invest or Ellevest?

Choose Axos Invest if you...

  • Are in Axos Invest's core audience: cost-conscious beginners
  • Need automatic dividend reinvestment
  • Prefer a higher-rated overall platform

Choose Ellevest if you...

  • Are in Ellevest's core audience: high-net-worth women

Want the full breakdown of fees, DRIP, and research tools? Read our Axos Invest review and Ellevest review.

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Investment Disclaimer

Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice.