OpenInvest Investment Advisor
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| Community Rating | Strongly recommended |
| Minimum Initial Investment | $100 |
| Management Fee | 0.5% - 0.88% |
| Number of Reviews | 21 |
OpenInvest Investment Advisor Review
OpenInvest is founded in 2015 and based in San Francisco, CA.
| The Good | The Bad |
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What fees does OpenInvest charge?
OpenInvest uses a fee-only model.
This means OpenInvest 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.
| Description | |
|---|---|
| Monthly Fee | $0 |
| Annual Fee | $0 |
| Account Termination Fee | $0 |
| Account Transfer Fee | $0 |
| Fee Based? | |
| Investment Expense Ratios | 0% |
| Management Fee | 0.5% - 0.88% |
What management fees does OpenInvest charge?
OpenInvest 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?
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 charges an investment expense ratio that starts at 0% and ranges up to 0%.What type of investment accounts and asset classes does OpenInvest support?
OpenInvest offers the following types of assets and account types.
| Supported Options | Unsupported Options |
|---|---|
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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?
The minimum amount to open an account with OpenInvest is 100.Contact
- Headquarters
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235 Montgomery Street
Suite 1120
San Francisco, CA 94104 USA - Visit Site
- Email Support
About OpenInvest Investment Advisor
Feature Breakdown
| Monthly Fee | $0 |
| Annual Fee | $0 |
| Account Termination Fee | $0 |
| Account Transfer Fee | $0 |
| Investment Expense Ratios | 0% |
| Fee Based | |
| Management Fee | 0.5% - 0.88% |
OpenInvest Investment Advisor Community Reviews
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