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  UNest

UNest

in Investment Advisors from UNest Advisers LLC

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UNest

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in Investment Advisors from UNest Advisers LLC

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Highlights
Minimum Initial Investment $25
Management Fee 0%

UNest Review

UNest is founded in 2018 and based in Los Angeles, CA.

UNest Pros & Cons
The Good The Bad
  • Trades in low-cost ETFs.
  • Competitive investment expense ratios.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Small selection of account types offered.
  • Limited investment options.
UNest FAQ

What fees does UNest charge?

UNest uses a fee-only model.

This means UNest 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.

UNest Fees
Description
Monthly Fee $3 - $6
Fee Based?
Management Fee 0%

What management fees does UNest charge?

UNest charges a fixed monthly fee of $3 to $6 .

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 UNest?

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.

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

What features does UNest offer?

UNest is registered with the Securities and Exchange Commission, or SEC. Registered investment advisors are required to provide detailed information on the financial and legal status of the company and its staff. This allows investors to examine closely any conflicts of interest and look into the background of the company and its advisory team.

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

UNest Advisers LLC offers the following types of assets and account types.

Accounts Supported
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • 529 College Savings Plans
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • SEP IRA
  • Trusts
  • Employer Sponsored Plans
  • Custodial Accounts

These are the investment options UNest Advisers LLC offers its clients.

Investment Choices
Supported Options Unsupported Options
  • ETFs
  • Stocks
  • Options
  • Mutual Funds
  • FOREX
  • Futures
  • Bonds
  • 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 UNest?

The minimum amount to open an account with UNest is 25.
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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.

Message From UNest

UNest makes it easy for parents to invest in their children’s future with a simple, flexible, and tax-advantaged custodial account for minors. Plus, your family and friends can contribute funds to your child’s UNest Investment Account for Kids through a shareable gift link. 

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

About UNest

Feature Breakdown

Management Fee 0%
Monthly Fee $3 - $6
Fee Based
Minimum Initial Investment $25
Accounts Supported
  • Individual Non-Retirement Accounts
  • 529 College Savings Plans
Investment Choices ETFs
Investment Features SEC Registered

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