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WiseBanyan

in Investment Advisors from WiseBanyan

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WiseBanyan

Unaffiliated

in Investment Advisors from WiseBanyan

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Highlights
Highlights
Minimum Account $1
Management Fee 0%

WiseBanyan Review

WiseBanyan is founded in 2013 and based in Las Vegas, NV.

What fees does WiseBanyan charge?

WiseBanyan Fees
Description
Annual Fee $0
Monthly Fee $0
Management Fee 0%
Account Transfer Fee $10 - $75
Account Termination Fee $0 - $10
Investment Expense Ratios N/A

What management fees does WiseBanyan charge?

WiseBanyan 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 WiseBanyan?

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.

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

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

WiseBanyan offers the following types of assets and account types.

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

    The minimum amount to open an account with WiseBanyan is 1.

    How does WiseBanyan compare to other investment advisors?

    Pros & Cons of WiseBanyan
    Pros Cons
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
  • 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...

    Contact

    • Headquarters
    •   353 E Bonneville Ave
      Las Vegas, NV 89101 USA
    •   Visit Site

    About WiseBanyan

    Feature Breakdown

    Annual Fee $0
    Monthly Fee $0
    Management Fee 0%
    Account Termination Fee $0 - $10
    Account Transfer Fee $10 - $75
    Minimum Account $1
    Accounts Supported
    • Individual Non-Retirement Accounts
    • Rollover IRA
    • Roth IRA
    • SEP IRA
    • Traditional IRA
    Automatic Rebalancing  
    Independent/Registered Investment Advisor  
    Software Managed  

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