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Last Updated: 09/05/2025

Finhabits Investment Advisor

from Finhabits

Last Updated: 09/05/2025

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Highlights

Minimum Initial Investment

Management Fee

Up to 1%

Finhabits Investment Advisor Review

Finhabits is a financial services company founded in 2015 and based in New York, NY.

Finhabits Pros & Cons

The Good

The Bad

Trades in low-cost ETFs.
Broad selection of account types.
Competitive investment expense ratios.
No minimum amount to open an account.
Access to customer support, digital financial planning, and Emma, Finhabits's AI bot.

Does not give access to human finance advisors.
Tax-loss harvesting not available.
Limited investment options.

Finhabits FAQ

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 Investment Advisor Fees

Description

Monthly Service Fee

$10 (see terms and conditions)

Annual Fee

Management Fee

Up to 1%

Fee Based?

What management fees does Finhabits 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 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 does not charge fees based on an investment expense ratio.

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

Finhabits offers the following types of assets and account types.

Accounts Supported

Supported Options

Unsupported Options

Individual Non-Retirement Accounts
Roth IRA
Traditional IRA
Rollover IRA

Joint Non-Retirement Accounts
SEP IRA
Trusts
529 College Savings Plans
Employer Sponsored Plans
Custodial Accounts

These are the investment options Finhabits 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
Treasury Bills
Fractional Shares

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.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

154 Grand St.

New York, NY 10013

Visit Site

Email Support

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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.