Is Acorns Invest the right fit for you?
Last Updated: 04/18/2025
Acorns Invest
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Last Updated: 04/18/2025
SuperMoney User Recommendation Score +70
Strongly recommended40 total votes
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Highlights
Acorns Invest Review
Acorns investing was founded in 2012 and is based in Irvine, CA. It is a Registered Investment Adviser or RIA. RIAs have a fiduciary duty to work in your best interest. Acorns investing is not tied to a particular company or product and can therefore offer unbiased investment advice.
Acorns investing Pros & Cons
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Acorns investing FAQ
What fees does Acorns investing charge?
Acorns investing uses a fee-only model.
This means Acorns investing gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.
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| Monthly Service Fee | $1 - $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Management Fee | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What management fees does Acorns investing charge?
Acorns investing charges a fixed monthly fee of $1 to $5 .Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.
What are the investment expense ratios of Acorns investing?
Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.
Acorns investing does not charge fees based on an investment expense ratio. What features does Acorns investing offer?
Acorns investing is registered with the Securities and Exchange Commission, or SEC. Registered investment advisors are required to provide detailed information on the financial and legal status of the company and its staff. This allows investors to examine closely any conflicts of interest and look into the background of the company and its advisory team.
What type of investment accounts and asset classes does Acorns investing support?
Acorns Adviser, LLC offers the following types of assets and account types.
| Supported Options | Unsupported Options |
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Acorns Adviser, LLC does not offer any of the investment vehicles that we track.
What is the minimum amount you have to invest to open an account with Acorns investing?
Acorns investing does not have a minimum amount to open an account.SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +70, or 4.4 on a 5-point rating scale.
+70
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Everyone recommends
Acorns Invest Community Reviews
Would you recommend Acorns Invest to your friends?
JA
Jim A.
Jan 26, 2023
May or may not recommend
I've been using acorn to invest spare change for the last 6-7 years. I think its a great application if you're beginning your investment journey or want to be able to not think about it. It is 100% best for small investments, if you're looking larger ($25,000 or more) you will want to search out alternative options. The monthly fee can be a little annoying, but its the price you ...Show More
Daniel P.
Dec 25, 2022
May or may not recommend
Cancelled a checking account due to fraudulent charges. And until I get a statement of my closed account and current account in writing to them, my money is frozen and inaccessible. 3000 dollars! And I can't touch it even though it is very much mine. I don't like that.
Sarah L.
Jan 12, 2022
May or may not recommend
I love Acorns! This is a really easy way to save money, a little bit at a time. The app is streamline and it's kind of fun!
KG
Kenneth G.
Sep 4, 2021
May or may not recommend
I don't have much income & pretty much live paycheck to paycheck.. Acorns was the most painless process to get started & the combination of the platform with many little features has given me that extra nudge I needed to invest & save. I do the $3/mo plan with aggressive portfolio.. and my gains on my small balance already returns more than that & I'm not 60 days in with ...Show More
AT
Antonio T.
Jul 15, 2021
May or may not recommend
I have been using Acorns for quite some time now. You have the option of using your own debit card to round up from purchases to invest, you can get the Acorns Debit Card, or you can just add money as needed. I've safely and efficiently saved hundreds of dollars just buy making purchases as normal and even now as I'm not spending money, I'm still earning interest and growing ...Show More
KS
Kyle S.
Mar 9, 2021
May or may not recommend
Whether you are just starting to invest or a seasoned expert, Acorns makes it incredibly easy to set aside money without even noticing! I am always pleasantly surprised to see how much my money has grown every time I check the app (which isn't very often)
RB
Rzon B.
Feb 25, 2021
May or may not recommend
The spare change that you buy things with is investable/savable is the best thing since sliced bread. I love knowing that I am saving without even thinking about it. You can literally go shop at a store and the spare change invests in that company, that will always amaze me.
SD
Seth D.
Jan 15, 2021
May or may not recommend
I didn’t get a huge amount from acorns, though that could’ve been because of my approach to the application. I’m sure it has potential, but seemed unnecessary for me.
HK
Hannah K.
Jan 15, 2021
May or may not recommend
Acorns is great for beginners who want low risk, low fees, and are new to retirement accounts. Since it utilizes your spare change, it is fairly simple to set up and forget about only to come back later and see the interest grow! Acorns is not great for non-beginners who want a little higher risk, more returns, and more options. Since Acorns does not have many retirement or saving options ...Show More
HO
Hayden O.
Jan 11, 2021
May or may not recommend
Acorns rounds your purchases up to the next dollar and invests the spare change on your behalf. While this is a great way to set aside money and save for fun items - I would not recommend this as an investing tool. They do not invest your money in high performing stocks and you can do much better on your own through a little research.
That being said, it is a ...Show More
RG
Rupok G.
Dec 30, 2020
May or may not recommend
I remember that I was so scared to invest until I stumbled across Acorns Invest Investment Advisors. They are the best kind of place for beginners like me . They let me use a very small amount of money to get started and guide me through with the whole investing world. I will recommend this to scared newbies like me and trust me guys you won't regret.
JA
John A.
Dec 16, 2020
May or may not recommend
Acorns is a solid app, but I have had better experiences on similar self-trading apps. In terms of the interface it feels clunky and awkward to me. Making trades does not seem easy and managing your account totals and changes is hard to track. Although it is not a bad app for investment itself, it feels hard to get the job done on Acorns!
NS
Natalie S.
Dec 11, 2020
May or may not recommend
This is a great product and service that I would recommend to all friends and family looking to invest spare change after every purchase. Even if your a beginner it is a great place to start in learning and having experts invest your rounded small change or whatever you choose to contribute to your portfolio. This is a great tool and investment strategy for anyone and any type ...Show More
PH
Paul H.
Dec 7, 2020
May or may not recommend
Acorns is a well rounded company, well trusted, easy to use and understand. But still invest in your future, they even have a debit account that is a low cost but very useful and worthwhile feature of you shop a lot.
EO
Eunice O.
Dec 7, 2020
May or may not recommend
I was looking for an investment company that would give detailed advice on different investment packages and has a wide range of payment and card options; Acorn's Investment is my choice as it ticked all boxes. Thanks, Supermoney, for the details into the company's policies, their pros and cons too.
AA
Akinkunmi A.
Nov 27, 2020
May or may not recommend
Acorns investment is the best among the rest. They've proven to me to be the best. My friends has complained to me on how they were scammed in the past. I made research on the best investment platform I can work with. I got to know about Acorns Investment, there customer representative really spoke well with me and told me the procedure to follow.
I must confess , they made investment ...Show More
KS
Keryn S.
Nov 25, 2020
May or may not recommend
I'm using Acorns since about a year, and I like it because of their partner companies. This allows me to earn some cash rewards every time I utilize their services. It accumulate in a good amount of savings over time. Another great thing about this app is that they introduce you to the world of investing without taking extreme risks. You can buy a portion of a stock and become ...Show More
JO
Jacob O.
Nov 16, 2020
May or may not recommend
I've been investing through a few different apps and platforms for around 10 years. It's usually a semi-high stress undertaking unless you've been at it for a while. Setting up your own portfolio can take months to get properly diversified especially depending on current events, the stock market can be fickle like that.
I initially only dipped a toe into the investment waters of Acorns, but they made it so ...Show More
AA
Aisha A.
Nov 12, 2020
May or may not recommend
Acorns investment is the best investment platform I have seen in the country. The amazing part of the service they render is that the card can be linked to deposit anytime I wish increase my investments. Acorn investment is the best when considering longterm investments . There return on investment is the best you can imagine because. If you are looking for financial breakthrough, choose Acorns investment. They are ...Show More
CC
Cesar C.
Nov 11, 2020
May or may not recommend
Based on my experience with this service, Acorns is a great way to make money based on investments you oversee. Its great for beginners who are new to investing, in which robo advisors will do the heavy work, while you sit back and relax... However, if you are not good at basic financial decisions, then this service may not be for you. Even though its user friendly and has a ...Show More
Showing 20 of 40 reviews
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