|Minimum Initial Investment||$1|
WiseBanyan Investment Advisor Review
WiseBanyan is founded in 2013 and based in Las Vegas, NV.
WiseBanyan Pros & Cons
|The Good||The Bad|
What fees does WiseBanyan charge?
|Account Termination Fee||$0 - $10|
|Account Transfer Fee||$10 - $75|
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.
|Supported Options||Unsupported Options|
WiseBanyan does not offer any of the investment vehicles that we track.