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  Ally Invest Advisors

Ally Invest Advisors

in Investment Advisors from Ally Financial Inc.

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Ally Invest Advisors

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in Investment Advisors from Ally Financial Inc.

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Highlights
Minimum Initial Investment $100
Management Fee 0%

Ally Invest Advisors Review

Ally invest was founded in 2001 and is based in Philadelphia, PA. It is a Registered Investment Adviser or RIA. RIAs have a fiduciary duty to work in your best interest. Ally invest is not tied to a particular company or product and can therefore offer unbiased investment advice.

Ally invest Pros & Cons
The Good The Bad
  • Trades in low-cost ETFs.
  • Access to human advisors.
  • Tax-loss harvesting available.
  • Wide selection of investment options.
  • Broad selection of account types.
  • Competitive investment expense ratios.
Ally invest FAQ

What fees does Ally invest charge?

Ally invest uses a fee-only model.

This means Ally invest 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.

Ally Invest Advisors Fees
Description
Annual Fee $0
Fee Based?
Monthly Fee $0
Options Per Contract Fee $0.50
Management Fee 0%

What management fees does Ally invest charge?

Ally invest charges a fixed monthly fee of $0 to $0 .

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 Ally invest?

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.

Ally invest does not charge fees based on an investment expense ratio.

What features does Ally invest offer?

Access to human advisors: Robo-advisors are great at keeping costs down and helping investors with modest balances make good investment choices. However, it is also nice to have access to human financial advisors when you need them.

Automatic rebalancing: Having a good balance of investments is important. But a well-balanced portfolio is not something you can set up and forget. Markets are constantly changing and can easily throw your portfolio out of balance. Ally invest allows you to rebalance your investments back to your target asset allocation at set intervals.

Ally invest 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.

Ally invest is a state-registered investment advisor: Smaller advisors usually register with state securities authorities instead of becoming a Securities and Exchange Commission registered advisor. Most states require RIAs to shave a net worth of at least $35K, if they have custody of client funds. RIAs that don't meet the minimum net worth requirement must post a surety bond.

What type of investment accounts and asset classes does Ally invest support?

Ally Financial Inc. offers the following types of assets and account types.

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

These are the investment options Ally Financial Inc. offers its clients.

Investment Choices Options
Supported Options Unsupported Options
  • Stocks
  • Options
  • Mutual Funds
  • FOREX
  • Futures
  • Bonds
  • Pink Sheets / OTCBB
  • ETFs
  • Real Estate
  • Startups
  • Marketplace Loans
  • International Stocks
  • Cryptocurrencies

What is the minimum amount you have to invest to open an account with Ally invest?

The minimum amount to open an account with Ally invest is 100.
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.

Contact

  • Headquarters
  •   P.O. Box 13625
    Philadelphia, PA 19101
  •   Visit Site

Hours of Operation

  • Sunday 12:00pm - 12:00pm
  • Monday 12:00pm - 12:00pm
  • Tuesday 12:00pm - 12:00pm
  • Wednesday 12:00pm - 12:00pm
  • Thursday 12:00pm - 12:00pm
  • Friday 12:00pm - 12:00pm
  • Saturday 12:00pm - 12:00pm

Other Services by Ally Financial Inc.

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Feature Breakdown

Annual Fee $0
Monthly Fee $0
Management Fee 0%
Fee Based
Minimum Initial Investment $100
Accounts Supported
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • Traditional IRA
Investment Choices
  • ETFs
  • Pink Sheets / OTCBB
  • Stocks
  • Options
  • Bonds
  • Mutual Funds
  • FOREX
  • Futures
Investment Features
  • Access to human advisors
  • Automatic Rebalancing
  • Daily Tax-loss Harvesting
  • Registered Investment Advisor
  • SEC Registered
  • State Registered

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