Hit Your Investing Goals With an Advisor

One of the best ways to build wealth and work toward financial freedom is to invest. With investing, you take advantage of compound interest and put your money to work for you over time.

Investing doesn’t have to be complicated or expensive. Over the last few years, new tools have emerged that can help you get started with investing. You can begin investing with a relatively small amount of money, and even set up an investment plan that puts your savings on autopilot.

NAME

COMMISSION

$10/month

ACCOUNT MINIMUM

$0

Features

  • Blooom tells you what’s healthy – and unhealthy – in your 401k, for FREE!
  • Choose to use Blooom to manage your retirement plan ongoing
  • Keep your retirement plan right where it is – you don’t have to move anything
  • Simple, fast sign up (less than 5 minutes)

NAME

COMMISSION

0.50 %

ACCOUNT MINIMUM

$0

Details

FutureAdvisor is a robo-advisor built on a freemium model. Receive a free investment analysis to see where you can improve your portfolio performance. You can also choose to have FutureAdvisor manage your assets for a fee.

Features

  • Accounts available: retirement (IRA and 401k), college planning (Coverdell and 529), individual, and joint
  • Free tool analyzes your investments and identifies inefficiencies
  • Suggestions for adjusting your portfolio
  • Minimum deposit for asset management: $10,000
  • Premium Account fee: 0.5% annually
  • You still pay a fee to execute a trade, and pay expense ratios
  • Tax loss harvesting
  • Portfolio rebalancing

NAME

COMMISSION

0.15% – 0.35%

ACCOUNT MINIMUM

$0

Details

Betterment is a robo-advisor that uses Modern Portfolio Theory to create an asset allocation that meets your long-term or short-term goals, based on your risk tolerance. Betterment takes a passive approach using low-cost ETFs in 12 asset classes.

Features

  • Accounts available: IRAs, individual, and joint
  • Minimum deposit: must commit to invest at least $100 a month or start with $10,000
  • Fees: 0.35% annually for account balances less than $10,000, 0.25% for account balances between $10,000 and $99,999, 0.15% for account balances above $100,000
  • All costs, including expense ratios and transaction costs, are included in the fee schedule
  • Automatic investing allows you to take advantage of dollar-cost averaging
  • Tax loss harvesting
  • Portfolio rebalancing