Atom Investment Advisor
in Investment Advisors from Atom Finance IncUnaffiliated
|Minimum Initial Investment||$0|
Atom Investment Advisor Review
Atom Investment Advisor is founded in 2018 and based in Brooklyn, NY.
|The Good||The Bad|
What fees does Atom Investment Advisor charge?
Atom Investment Advisor uses a fee-only model.
This means Atom Investment Advisor 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.
Atom Investment Advisor uses a commission-based model. In other words, they get a commission when they sell you investment products, such as stocks or mutual funds.
|Monthly Fee||$0 - $9.99|
What management fees does Atom Investment Advisor 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 Atom Investment Advisor?
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.Atom Investment Advisor does not charge fees based on an investment expense ratio.
What type of investment accounts and asset classes does Atom Investment Advisor support?
These are the investment options Atom Finance Inc offers its clients.
|Supported Options||Unsupported Options|