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  Ally Invest Managed Portfolios

Ally Invest Managed Portfolios

in Investment Advisors from Ally Invest

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Ally Invest Managed Portfolios

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in Investment Advisors from Ally Invest

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Highlights
Highlights
Minimum Account $100
Management Fee Up to 0.3%

Ally Invest Managed Portfolios Review

Ally Invest Managed Portfolios is founded in 2004 and based in Midvale, UT.

What fees does Ally Invest Managed Portfolios charge?

Ally Invest Managed Portfolios uses a fee-only model.

This means Ally Invest Managed Portfolios 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 Managed Portfolios Fees
Description
Monthly Fee $0
Annual Fee $0
Management Fee Up to 0.3%
Fee Based? Yes
Account Transfer Fee Up to $50
Account Termination Fee Up to $25
Investment Expense Ratios 0.06% - 0.1%
IRA Annual Fee N/A

What management fees does Ally Invest Managed Portfolios charge?

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 Managed Portfolios?

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 Managed Portfolios charges an investment expense ratio that starts at 0.06% and ranges up to 0.1%.

What features does Ally Invest Managed Portfolios 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 Managed Portfolios allows you to rebalance your investments back to your target asset allocation at set intervals.

Ally Invest Managed Portfolios 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 Managed Portfolios support?

Ally Invest 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
  • Custodial Accounts
  • SEP IRA
  • Trusts
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • These are the investment options Ally Invest offers its clients.

    Investment Choices Options
    Supported Options Unsupported Options
  • Stocks
  • Mutual Funds
  • FOREX
  • Futures
  • Bonds
  • International Stocks
  • ETFs
  • Options
  • Pink Sheets / OTCBB
  • Real Estate
  • Startups
  • Marketplace Loans
  • Cryptocurrencies
  • What is the minimum amount you have to invest to open an account with Ally Invest Managed Portfolios?

    The minimum amount to open an account with Ally Invest Managed Portfolios is 100.

    How does Ally Invest Managed Portfolios compare to other investment advisors?

    Pros & Cons of Ally Invest Managed Portfolios
    Pros Cons
  • Trades in low-cost ETFs.
  • Wide selection of investment options.
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • For investors who can set aside 30% of their portfolio as an interest-earning cash buffer, avoid advisory fees.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • 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...

    Contact

    • Headquarters
    •   6985 Union Park Center Suite 435
      Midvale, UT 84047
    •   Visit Site

    About Ally Invest Managed Portfolios

    Feature Breakdown

    Annual Fee $0
    Investment Expense Ratios 0.06% - 0.1%
    Monthly Fee $0
    Management Fee Up to 0.3%
    Account Termination Fee Up to $25
    Account Transfer Fee Up to $50
    Fee Based  
    Minimum Account $100
    Accounts Supported
    • Custodial Accounts
    • Individual Non-Retirement Accounts
    • Joint Non-Retirement Accounts
    • Rollover IRA
    • Roth IRA
    • Traditional IRA
    Automatic Rebalancing  
    Investment Features
    • Automatic Rebalancing
    • SEC Registered
    Software Managed  

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