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  Twine

Twine

in Investment Advisors from John Hancock

Unaffiliated

Twine

Unaffiliated

in Investment Advisors from John Hancock

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Highlights
Highlights
Minimum Account $100
Management Fee 0.60%

Twine Review

Twine is founded in 1862 and based in Boston, MA.

What fees does Twine charge?

Twine uses a fee-only model.

This means Twine 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.

Twine Fees
Description
Monthly Fee Starting at $0.25
Annual Fee N/A
Management Fee 0.60%
Fee Based? Yes
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios N/A
IRA Annual Fee N/A

What management fees does Twine charge?

Twine charges an annual management fee that starts at .60% and ranges up to .60%.

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 Twine?

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.

Twine does not charge fees based on an investment expense ratio.

What features does Twine offer?

Automatic rebalancing: Having a good balance of investments is important. But a well-balanced portfolio is not something you can set up and forget. Markets are constantly changing and can easily throw your portfolio out of balance. Twine allows you to rebalance your investments back to your target asset allocation at set intervals.

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

John Hancock 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
  • These are the investment options John Hancock offers its clients.

    Investment Choices Options
    Supported Options Unsupported Options
  • Stocks
  • Mutual Funds
  • Bonds
  • ETFs
  • Options
  • FOREX
  • Futures
  • Pink Sheets / OTCBB
  • Real Estate
  • Startups
  • Marketplace Loans
  • International Stocks
  • Cryptocurrencies
  • What is the minimum amount you have to invest to open an account with Twine?

    The minimum amount to open an account with Twine is 100.

    How does Twine compare to other investment advisors?

    Pros & Cons of Twine
    Pros Cons
  • Trades in low-cost ETFs.
  • Wide selection of investment options.
  • Competitive investment expense ratios.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Small selection of account types offered.
  • High fee
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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    Other Services by John Hancock

    Feature Breakdown

    Monthly Fee Starting at $0.25
    Fee Based  
    Management Fee 0.60%
    Minimum Account $100
    Accounts Supported
    • Individual Non-Retirement Accounts
    • Joint Non-Retirement Accounts
    Automatic Rebalancing  
    Investment Features
    • Automatic Rebalancing

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