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  OpenInvest Investment Advisor

OpenInvest Investment Advisor

in Investment Advisors from OpenInvest

Unaffiliated

OpenInvest Investment Advisor

Unaffiliated

in Investment Advisors from OpenInvest

SuperMoney Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly recommended

7 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Minimum Initial Investment $100
Management Fee 0.5% - 0.88%
Number of Reviews 7

OpenInvest Investment Advisor Review

OpenInvest Investment Advisor is founded in 2015 and based in San Francisco, CA.

OpenInvest Investment Advisor 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.
OpenInvest Investment Advisor FAQ

What fees does OpenInvest Investment Advisor charge?

OpenInvest Investment Advisor uses a fee-only model.

This means OpenInvest Investment Advisor 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.

OpenInvest Investment Advisor Fees
Description
Annual Fee $0
Monthly Fee $0
Management Fee 0.5% - 0.88%
Fee Based? Yes
Account Transfer Fee $0
Account Termination Fee $0
Investment Expense Ratios 0%

What management fees does OpenInvest Investment Advisor charge?

OpenInvest Investment Advisor charges an annual management fee that starts at 0.5% and ranges up to 0.88%.

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 OpenInvest 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.

OpenInvest Investment Advisor charges an investment expense ratio that starts at 0% and ranges up to 0%.

What type of investment accounts and asset classes does OpenInvest Investment Advisor support?

OpenInvest 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
  • 529 College Savings Plans
  • Custodial Accounts
  • Trusts
  • Employer Sponsored Plans

OpenInvest 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 OpenInvest Investment Advisor?

The minimum amount to open an account with OpenInvest Investment Advisor is 100.
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Contact

  • Headquarters
  •   235 Montgomery Street
    Suite 1120
    San Francisco, CA 94104 USA
  •   Visit Site

About OpenInvest Investment Advisor

Feature Breakdown

Account Termination Fee $0
Account Transfer Fee $0
Annual Fee $0
Investment Expense Ratios 0%
Monthly Fee $0
Fee Based  
Management Fee 0.5% - 0.88%
Minimum Initial Investment $100
Accounts Supported
  • 529 College Savings Plans
  • Custodial Accounts
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • SEP IRA
  • Traditional IRA

OpenInvest Investment Advisor Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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