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SigFig Investment Advisor
Would you recommend SigFig Investment Advisor to your friends?
| Community Rating |
Rating not yet determined |
| Minimum Initial Investment | $2,000 |
| Management Fee | 0% - 0.25% |
SigFig Investment Advisor Review
SigFig is a financial services company founded in 2007 and based in San Francisco, CA.
SigFig Pros & Cons
| The Good | The Bad |
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SigFig FAQ
What fees does SigFig charge?
SigFig uses a fee-only model.
This means SigFig 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 | 0.07% - 0.15% |
| Management Fee | 0% - 0.25% |
What management fees does SigFig charge?
SigFig 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 SigFig?
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.
SigFig charges an investment expense ratio that starts at 0.07% and ranges up to 0.15%.What type of investment accounts and asset classes does SigFig support?
SigFig Wealth Management, LLC offers the following types of assets and account types.
| Supported Options | Unsupported Options |
|---|---|
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SigFig Wealth Management, LLC 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 SigFig?
The minimum amount to open an account with SigFig is 2000.Contact
- Headquarters
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225 Valencia Street
San Francisco, CA 94103 USA - (415) 558-9611
- Visit Site
- Email Support
Other Services by SigFig Wealth Management, LLC
Feature Breakdown
| Monthly Fee | $0 |
| Annual Fee | $0 |
| Account Termination Fee | $0 |
| Account Transfer Fee | $0 |
| Fee Based | |
| Investment Expense Ratios | 0.07% - 0.15% |
| Management Fee | 0% - 0.25% |
SigFig Investment Advisor Community Reviews
Would you recommend SigFig Investment Advisor to your friends?
