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  U.S. Bank Automated Investor

U.S. Bank Automated Investor

in Investment Advisors from US Bank

Unaffiliated

U.S. Bank Automated Investor

Unaffiliated

in Investment Advisors from US Bank

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Highlights
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Minimum Initial Investment $5,000
Management Fee Starting at 0.24%

U.S. Bank Automated Investor Review

U.S. Bank Automated Investor is a bank founded in 1863 and based in Minneapolis, MN.

U.S. Bank Automated Investor Pros & Cons
The Good The Bad
  • Trades in low-cost ETFs.
  • Tax-loss harvesting available.
  • Wide selection of investment options.
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • Does not give access to human finance advisors.
  • 529 plans are not supported.
U.S. Bank Automated Investor FAQ

What fees does U.S. Bank Automated Investor charge?

U.S. Bank Automated Investor uses a fee-only model.

This means U.S. Bank Automated Investor 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.

U.S. Bank Automated Investor Fees
Description
Annual Fee $12
Monthly Fee N/A
Management Fee Starting at 0.24%
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 U.S. Bank Automated Investor charge?

U.S. Bank Automated Investor charges an annual management fee that starts at 0.24% .

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 U.S. Bank Automated Investor?

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.

U.S. Bank Automated Investor does not charge fees based on an investment expense ratio.

What features does U.S. Bank Automated Investor 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. U.S. Bank Automated Investor allows you to rebalance your investments back to your target asset allocation at set intervals.

Full-service brokerage: U.S. Bank Automated Investor provides access to a wide selection of financial advice and products, such as facilitating trades, managing portfolios, and wealth management services.

What type of investment accounts and asset classes does U.S. Bank Automated Investor support?

US Bank 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
  • Employer Sponsored Plans
  • Trusts
  • 529 College Savings Plans
  • Custodial Accounts

These are the investment options US Bank offers its clients.

Investment Choices Options
Supported Options Unsupported Options
  • Stocks
  • Bonds
  • Real Estate
  • International Stocks
  • ETFs
  • Options
  • Mutual Funds
  • FOREX
  • Futures
  • Pink Sheets / OTCBB
  • Startups
  • Marketplace Loans
  • Cryptocurrencies

What is the minimum amount you have to invest to open an account with U.S. Bank Automated Investor?

The minimum amount to open an account with U.S. Bank Automated Investor is 5000.
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Feature Breakdown

Management Fee Starting at 0.24%
Annual Fee $12
Fee Based  
Minimum Initial Investment $5,000
Accounts Supported
  • Employer Sponsored Plans
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • SEP IRA
  • Traditional IRA
Investment Features
  • Automatic Rebalancing
  • Daily Tax-loss Harvesting
  • Full-service Brokerage

U.S. Bank Automated Investor Community Reviews

 

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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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