
M1 Finance Investment Advisor
in Investment Advisors from M1 Finance
Would you recommend M1 Finance Investment Advisor to your friends?
Community Rating |
Rating not yet determined |
Minimum Initial Investment | $100 |
Management Fee | 0% |
M1 Finance Investment Advisor Review
M1 Finance Investment Advisor is founded in 2015 and based in Chicago, IL.
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What fees does M1 Finance Investment Advisor charge?
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Annual Fee | $0 |
Monthly Fee | $0 |
Management Fee | 0% |
Account Transfer Fee | $100 |
Account Termination Fee | $100 |
Investment Expense Ratios | N/A |
What management fees does M1 Finance Investment Advisor charge?
M1 Finance Investment Advisor charges a fixed monthly fee of $0 to $0 .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 M1 Finance 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.
M1 Finance Investment Advisor does not charge fees based on an investment expense ratio.What type of investment accounts and asset classes does M1 Finance Investment Advisor support?
M1 Finance offers the following types of assets and account types.
Supported Options | Unsupported Options |
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M1 Finance 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 M1 Finance Investment Advisor?
The minimum amount to open an account with M1 Finance Investment Advisor is 100.Contact
- Headquarters
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213 West Institute Place
Suite 301
Chicago, IL 60610 USA - Visit Site
About M1 Finance Investment Advisor
Feature Breakdown
Annual Fee | $0 |
Monthly Fee | $0 |
Management Fee | 0% |
Account Termination Fee | $100 |
Account Transfer Fee | $100 |
M1 Finance Investment Advisor Community Reviews
Would you recommend M1 Finance Investment Advisor to your friends?
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