Platform Comparison

Ellevest vs Zacks Trade

Compare Ellevest and Zacks Trade on fees, DRIP, fractional shares and research for dividend investing.

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

Higher Rated

Zacks Trade

★4

A research-focused brokerage with the famous Zacks Rank system and professional-grade tools—but commissions and minimums make it best for active investors.

Full Review

Ellevest vs Zacks Trade: Fees, Minimums & DRIP Compared

Feature	Ellevest	Zacks Trade
Our Rating	3/5	4/5
Trading Commissions	N/A	$0.01/share
Account Minimum	N/A	$2,500
Fractional Shares	N/A	N/A
DRIP	N/A	Yes
Research Tools	Automated	Good
Best For	High-Net-Worth Women	Research-Focused Investors

Ellevest vs Zacks Trade: Pros and Cons

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

Zacks Trade

Pros

+ Zacks Premium Research ($249/year value) included free
+ Proprietary Zacks Rank stock rating system
+ Very low per-share commissions ($0.01/share, $1 min)
+ Professional research tools and screeners
+ DRIP available for dividend reinvestment

Cons

- NOT commission-free—$0.01/share ($1 minimum per trade)
- $2,500 account minimum to open
- Higher costs for small, frequent trades
- Platform can be complex for beginners

Which Is Better for Dividend Investors: Ellevest or Zacks Trade?

Choose Ellevest if you...

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

Choose Zacks Trade if you...

Are in Zacks Trade's core audience: research-focused investors
Need automatic dividend reinvestment
Prefer a higher-rated overall platform

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