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Axos Invest Managed Portfolios

in Investment Advisors from Axos Bank

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Axos Invest Managed Portfolios

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in Investment Advisors from Axos Bank

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Highlights
Minimum Initial Investment $500
Management Fee 0.24%

Axos Invest Managed Portfolios Review

Axos managed portfolios was founded in 2000 and is based in San Diego, CA. It is a Registered Investment Adviser or RIA. RIAs have a fiduciary duty to work in your best interest. Axos managed portfolios is not tied to a particular company or product and can therefore offer unbiased investment advice.

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

What fees does Axos managed portfolios charge?

Axos Invest Managed Portfolios Fees
Description
Monthly Fee $0
Management Fee 0.24%

What management fees does Axos managed portfolios charge?

Axos managed portfolios charges an annual management fee that starts at 0.24% and ranges up to 0.24%.

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 Axos 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.

Axos managed portfolios does not charge fees based on an investment expense ratio.

What features does Axos managed portfolios 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. Axos managed portfolios allows you to rebalance your investments back to your target asset allocation at set intervals.

Axos 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 Axos managed portfolios support?

Axos Bank offers the following types of assets and account types.

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

These are the investment options Axos Bank offers its clients.

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

What is the minimum amount you have to invest to open an account with Axos managed portfolios?

The minimum amount to open an account with Axos managed portfolios is 500.
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Feature Breakdown

Monthly Fee $0
Management Fee 0.24%
Minimum Initial Investment $500
Accounts Supported
  • Individual Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • SEP IRA
Investment Choices ETFs
Investment Features
  • Daily Tax-loss Harvesting
  • Automatic Rebalancing
  • SEC Registered
  • Registered Investment Advisor
  • Access to human advisors

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