« previous next »
Pages: 1

Author Topic: Free Robo Advisors  (Read 2862 times)

gecko10x

  • Bristles
  • ***
  • Posts: 418
    • SawyerPF
Free Robo Advisors
« on: December 14, 2017, 11:24:03 AM »
M1 Finance dropped their fees to zero yesterday!
Which I think is fantastic since I had decided to use them a few months ago (because of their unique portfolio model which allows you to build a custom one).

So, AFAIK, there are now two free robo advisors: M1 Finance and Wisebanyan. I've tried them both out, so if anyone has any questions I could probably answer.

(Three if you count Schwab Intelligent Advisor, but their minimums are much higher.)
« Last Edit: December 14, 2017, 01:34:45 PM by gecko10x »
Logged

katsiki

  • Handlebar Stache
  • *****
  • Posts: 2015
  • Age: 43
  • Location: La.
Re: Free Robo Advisors
« Reply #1 on: February 02, 2018, 05:51:23 PM »
What has your experience been with M1?  I had never heard of them but recently read a review.

Thanks for any info
Logged

lexde

  • Magnum Stache
  • ******
  • Posts: 2792
  • Age: 34
Re: Free Robo Advisors
« Reply #2 on: March 06, 2018, 05:59:05 PM »
Wealthfront is free up to $15K, plus $5K for each referral. If you're just starting out, I like their style quite a bit and use them personally (ref link in signature).
Logged

neo von retorch

  • Magnum Stache
  • ******
  • Posts: 4941
  • Location: SE PA
    • Fi@retorch - personal finance tracking
Re: Free Robo Advisors
« Reply #3 on: March 15, 2018, 01:00:33 PM »
While most of these are things you won't do or need, you should be aware of the $100 termination fee, in case you decide to move your money and close your account.

https://www.m1finance.com/legal/disclosures/misc-fees/
Logged
Pages: 1
« previous next »