NerdWallet Announces the Best Online Stock Brokers and Robo-Advisors for 2017

PR Newswire

SAN FRANCISCO, Jan. 9, 2017 /PRNewswire/ -- NerdWallet^©, the go-to personal finance resource, today announced the winners of its 2017 Best-of Awards Program for investing. In its second year, the NerdWallet Best-of Awards Program recognizes industry-leading options for consumers across a variety of financial products, including online stock brokers and robo-advisors. As part of providing consumers with clear and objective recommendations for all their financial decisions, NerdWallet created an in-depth scoring rubric to assess how dozens of online stock brokers and robo-advisors perform in the categories that matter most to consumers.

NerdWallet.

"The investment firms we chose this year have consistently gone above and beyond to meet consumer needs," said Kyle Ramsay, CFA, and head of investing and retirement for NerdWallet. "From providing free premium research that informs stock trading decisions, to offering low-cost investment options, these recipients truly stand out among their competition. Because we realize that each consumer's investing needs are unique, we've identified winners for 2017 that offer high-quality services to a wide variety of investor types."

Here are the investment firms NerdWallet has recognized for their outstanding stock trading and robo-advisor services.

Best Brokers for Stock Trading:

Best Online Brokers
- OptionsHouse^®
- TD Ameritrade^®
Best for Beginners
- Charles Schwab^®
- TD Ameritrade^®
Best Investment Selection
- optionsXpress (Charles Schwab^®)
- E-Trade^®
Best Research
- Fidelity^®
- Merrill Edge^®
Best Low Cost Broker
- TradeKing^®
- Interactive Brokers^®

Best Robo-Advisors:

Best Online Advisors
- Wealthfront™
- Betterment™
Best 401(k) Advisor
- FutureAdvisor
- Blooom
Best Access to Financial Advisors
- Personal Capital™
- Vanguard Personal Advisor Services^®
Best for Free Management
- Schwab Intelligent Portfolios™
- WiseBanyan^©
Best for Taxable Accounts
- Wealthfront™
- Personal Capital™
Best for IRA Management
- Betterment™
- Fidelity Go^SM

To find the best online stock broker that meets their unique needs, consumers can visit NerdWallet's Brokerage Tool and answer five simple questions. Within the tool, consumers can also find in-depth information on each provider. For more information on the 2017 winners, visit NerdWallet's reviews on the Best Online Brokers for Stock Trading and the Best Robo-Advisors.

Methodology
NerdWallet bases ratings on objective quantitative and qualitative analysis of the most important factors for investors, such as commissions, fees and software platforms. We evaluate each firm on more than 15 criteria using firsthand tests and publicly available information. We then rate the firms on a relative basis using a 5-star scale. A company is eligible to win in multiple categories. Advisors and broker-dealers cannot purchase consideration or placement in the awards process.

About NerdWallet
NerdWallet offers consumers clarity for all of life's financial decisions. Whether it's regarding credit cards, insurance, loans or investing, people lack the clear, unbiased information they need to make the best choice. With NerdWallet, consumers have free access to user-friendly tools and advice that save time and money, and give them the freedom to do more. NerdWallet is based in San Francisco and employs more than 400 Nerds. NerdWallet was ranked 76 on the 2016 Technology Fast 500 Award List. For more information, visit nerdwallet.com.

Contact
Jessica Ayalajessica@nerdwallet.com
Phone: 650-218-5020

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SOURCE NerdWallet