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in Investment Advisors from Finhabits




in Investment Advisors from Finhabits

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Minimum Account $0
Management Fee 0% - 0.5%

Finhabits Review

Finhabits is founded in 2015 and based in New York, NY.

What fees does Finhabits charge?

Finhabits uses a fee-only model.

This means Finhabits 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.

Finhabits Fees
Annual Fee N/A
Monthly Fee N/A
Management Fee N/A
Fee Based? No
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios N/A

What management fees does Finhabits charge?

Finhabits charges a fixed monthly fee of $0 to $1 .

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 Finhabits?

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.

Finhabits charges an investment expense ratio that starts at 0.07% and ranges up to 0.3%.

What type of investment accounts and asset classes does Finhabits support?

Finhabits offers the following types of assets and account types.

Accounts Supported Options
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • Joint Non-Retirement Accounts
  • Trusts
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Custodial Accounts
  • Finhabits does not offer any of the investment vehicles that we track.

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

    Finhabits does not have a minimum amount to open an account.

    How does Finhabits compare to other investment advisors?

    Pros & Cons of Finhabits
    Pros Cons
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • No minimum amount to open an account.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
  • SUPERMONEY Disclosure: 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...


    • Headquarters
    •   154 Grand St.
      New York, NY 10013 USA
    •   Visit Site

    About Finhabits

    Feature Breakdown

    Account Termination Fee $0
    Account Transfer Fee $0
    Annual Fee $0
    Investment Expense Ratios 0.07% - 0.3%
    Fee Based  
    Monthly Fee $0 - $1
    Management Fee 0% - 0.5%
    Accounts Supported
    • Individual Non-Retirement Accounts
    • Rollover IRA
    • Roth IRA
    • Traditional IRA
    Automatic Rebalancing  
    Independent/Registered Investment Advisor  

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