Last Updated: 04/18/2025
Ally Invest Robo Portfolios
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Last Updated: 04/18/2025
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Highlights
Community Rating
Strongly recommended
Minimum Initial Investment
$100
Management Fee
0%
Number of Reviews
Ally Invest Robo Portfolios Review
Ally invest is a bank founded in 1919 and based in Detroit, MI.
Ally invest Pros & Cons
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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.
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| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Management Fee | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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?
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.
What type of investment accounts and asset classes does Ally invest support?
Ally Financial, Inc. offers the following types of assets and account types.
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These are the investment options Ally Financial, Inc. offers its clients.
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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.Ally Invest Robo Portfolios Disclosure: For the cash-enhanced portfolio, there are no advisory fees, annual charges, or rebalancing fees, and 30% of your portfolio is set aside as an interest-earning cash buffer.
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Message from Ally invest
Hours of Operation
Sunday
12:00AM - 12:00AM
Monday
12:00AM - 12:00AM
Tuesday
12:00AM - 12:00AM
Wednesday
12:00AM - 12:00AM
Thursday
12:00AM - 12:00AM
Friday
12:00AM - 12:00AM
Saturday
12:00AM - 12:00AM