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Quicken vs Wealthfront

Quicken logo

Quicken

Software

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite
Wealthfront logo

Wealthfront

Software

Automated investing for your money

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal; Wealthfront the Automated Investing Account carries a 0.25% annual advisory fee on top of the underlying fund expenses
  • They diverge on capability: Quicken covers Budget creation, Wealthfront covers Automated portfolio management.

Where they differ

Only the attributes on which Quicken and Wealthfront actually diverge.

Attributes where Quicken and Wealthfront differ
AttributeQuickenWealthfront
Starting price$3.99/monthOn request
Pricing modelsubscriptiontransaction
PlatformsWeb, iOS, Android, Windows, macOSWeb, IOS, Android
Founded19832011

Identical on both: free tier (No), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Credit cards
  • Windows support
  • Mac support

Only in Wealthfront

  • Automated portfolio management
  • Tax-loss harvesting
  • Financial planning
  • Index fund investing
  • Web support
  • Android support

Both cover

  • Bank accounts
  • Investment accounts
  • IOS support

What people use each for

The jobs each tool is most often brought in to do.

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Wealthfront
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Wealthfront
  • Users preferring local data storage via Classic desktop editionsnot Wealthfront

Wealthfront

  • Automated index fund investing with periodic rebalancingnot Quicken
  • Tax loss harvesting in a taxable brokerage accountnot Quicken
  • Buying fractional shares of individual stocks with no commissionnot Quicken

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

Wealthfront

  • The Automated Investing Account carries a 0.25% annual advisory fee on top of the underlying fund expenses
  • Tax-Loss Harvesting and automated rebalancing apply to the Automated Investing Account, not the self-directed Stock Investing Account
  • It is a US brokerage product and is not offered to investors outside the United States

Pricing, plan by plan

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Wealthfront

On request
  • BasicFree
    • Automated investing
    • Tax-loss harvesting
    • Rebalancing
  • Premium Plus$50/month
    • All Basic features
    • Financial planning
    • Human advisor access

Which should you pick?

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Choose Wealthfront if

  • You need automated portfolio management.
  • You work on Web, IOS, Android.
  • You also want tax-loss harvesting.
Wealthfront review

Questions people ask

Is Quicken or Wealthfront better?
Neither clearly leads. Quicken starts at $3.99/month and Wealthfront at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Quicken or Wealthfront?
Quicken starts at $3.99/month and Wealthfront at On request.
Does Quicken or Wealthfront run on more platforms?
Quicken runs on Web, iOS, Android, Windows, macOS. Wealthfront runs on Web, IOS, Android.
What is Quicken best used for?
Quicken is most often used for individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking, freelancers and self-employed managing business and personal finances via quicken business & personal plan, users preferring local data storage via classic desktop editions. Of those, individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking and freelancers and self-employed managing business and personal finances via quicken business & personal plan are not what Wealthfront is typically brought in for.
What can Quicken do that Wealthfront cannot?
Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Wealthfront covers Automated portfolio management, Tax-loss harvesting, Financial planning, Index fund investing. Both handle Bank accounts, Investment accounts, IOS support.
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