M1 Finance offers a unique combination of automated investing with a high level of customization, allowing clients to create a portfolio tailored to their exact specifications. It is our top choice for low costs as it does not charge any portfolio management or trading fees, or any fees for deposits or withdrawals to a connected bank account.
M1 Finance is headquartered in Chicago, Illinois. The investment app was established in 2015 by founder and CEO Brian Barnes. The firm now has more than $2 billion in assets under management and over 500,000 clients.
M1 Finance has options for both passive investors and active traders interested in taking the investment app route to building wealth over time. The investment app offers individual and joint brokerage accounts, automated accounts, IRAs, trust accounts, and more than 80 professionally created portfolios. In addition, M1 Finance provides fractional shares, margin lending, custodial accounts, and digital banking.
Listed below are the reasons for using M1 Finance.
- Low minimum deposit ($100 mininum)
- Access to more than 80 professional portfolios that investors can follow for flexible portfolio building
- Fractional shares and individual stock or ETF orders available
- Automated investing available at no additional fee for standard accounts
- No trading fees or asset management fees.
- The dashboard illustrates the current composition of your portfolio.
- Investors can also place individual stock/ETF orders.
- Transparency about how the firm generates revenue since it charges no management fee.
M1 Finance is a hybrid investment app that offers a combination of self-directed trading and automated investing. The app uses pie-based models that let you choose which stocks, ETFs, or portfolios you want to invest in and what percentage of your money you’d like to allocate toward each investment.
The investment app says it aggregates and executes all trades during a morning trade window that begins at 9:30 a.m. EST. But clients who upgrade to M1 Plus accounts can take advantage of an afternoon trade window that makes it possible to invest whenever they want. You’ll need to pay $125 per year to upgrade to M1 Finance’s Plus accounts, but these plans offer additional perks such as custodial investment accounts, smart transfers, 1.5% loan reductions, and banking perks.
For self-directed feature, the app also allows investors to buy or sell individual securities or slices of your pie portfolio. M1 Finance additionally offers fractional shares, auto-invest settings, portfolio rebalancing, and tax-minimization features.
M1 Finance is a money management investment app offering self-directed trading, automated investing, fractional shares, margin lending, IRAs, and more. The company is registered with both the US Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).
NOTE: REFERRAL BONUS.
- Use this link, https://m1.finance/vs4f_rxG1Wlq.
- Create an account with M1 Finance and deposit $100 (or $500 for an IRA).
- Then, receive $50 to invest as you chose.
- Receive the bonus within 7-14 days of your deposit.