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Last Updated: 04/18/2025

M1 Finance Investment Advisor

from M1 Finance

Last Updated: 04/18/2025

Rating not yet determined1 total votes

1 users recommend

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Highlights

Minimum Initial Investment

$100

Management Fee

M1 Finance Investment Advisor Review

M1 is a financial services company founded in 2015 and based in Chicago, IL.

M1 Pros & Cons

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.

M1 FAQ

What fees does M1 charge?

M1 Finance Investment Advisor Fees

Description

Monthly Service Fee

Annual Fee

Management Fee

What management fees does M1 charge?

M1 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?

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 does not charge fees based on an investment expense ratio.

What type of investment accounts and asset classes does M1 support?

M1 Finance offers the following types of assets and account types.

Accounts Supported

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?

The minimum amount to open an account with M1 is $$100.

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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

200 N La Salle St

Suite 301

Chicago, IL 60601

Visit Site

Email Support

Hours of Operation

Sunday

All Day

Monday

All Day

Tuesday

All Day

Wednesday

All Day

Thursday

All Day

Friday

All Day

Saturday

All Day

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

+100

-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.