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Acorns Invest

in Investment Advisors from Acorns Adviser, LLC

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Acorns Invest

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in Investment Advisors from Acorns Adviser, LLC

SuperMoney Net Recommendation Score +76

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +76, equating to 4.5 on a 5 point rating scale.

+76

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

30 users recommend
7 users are unsure
1 user doesn't recommend
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Highlights
Community Rating Strongly recommended
Minimum Initial Investment $0
Management Fee 0%
Number of Reviews 38

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
The Good The Bad
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • No minimum amount to open an account.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
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.

Acorns Invest Trade Fees
Description
Monthly Fee $1 - $5
Annual Fee $0
Account Termination Fee $0
Account Transfer Fee $0
Fee Based?
Management Fee 0%

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.

Accounts Supported
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • SEP IRA
  • Custodial Accounts
  • Joint Non-Retirement Accounts
  • Trusts
  • 529 College Savings Plans
  • Employer Sponsored Plans

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.
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Message From Acorns Invest

Acorns is a leading saving and investing app that has helped 9.25M Americans save and invest more than $7.5B. Acorns easy-to-use, mobile-first technology makes it simple for anyone to set aside and invest life’s spare money.

Acorns allows customers to automatically invest in a low-cost, diversified portfolio of exchange-traded funds offered by some of the world’s top asset managers (including Vanguard and BlackRock). Customers invest in one of five portfolios constructed with help from world-renowned Nobel laureate economist Dr. Harry Markowitz. Acorns smart portfolio algorithms automatically work in the background of life, helping users build wealth naturally, pennies at a time.

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Other Services by Acorns Adviser, LLC

Feature Breakdown

Accounts Supported
  • Individual Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • SEP IRA
  • Custodial Accounts
Investment Features
  • SEC Registered
  • Registered Investment Advisor

Acorns Invest Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +76, equating to 4.5 on a 5 point rating scale.

+76

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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