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  M1 Finance Investment Advisor

M1 Finance Investment Advisor

in Investment Advisors from M1 Finance

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M1 Finance Investment Advisor

Unaffiliated

in Investment Advisors from M1 Finance

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Highlights
Highlights
Minimum Account $100
Management Fee 0%

M1 Finance Investment Advisor Review

M1 Finance Investment Advisor is founded in 2015 and based in Chicago, IL.

What fees does M1 Finance Investment Advisor charge?

M1 Finance Investment Advisor Fees
Description
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.

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

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.

How does M1 Finance Investment Advisor compare to other investment advisors?

The Good The Bad
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
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Contact

  • Headquarters
  •   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
Minimum Account $100
Accounts Supported
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • SEP IRA
  • Traditional IRA
  • Trusts
Automatic Rebalancing  
Software Managed  

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