After you fill out a risk profile to share your goals, time horizon, and risk tolerance, you'll get a recommended tax-sensitive portfolio of ETFs. You can further customize your portfolio as 'socially responsible,' which shifts your allocation to include an ETF with companies that have progressive social, environmental, and corporate practices, or 'smart beta,' which favors growth stocks in an attempt to outperform the market. To start investing, you'll need at least $500. If you're investing $25,000 or more, E*TRADE's Blend, Dedicated, and Fixed Income Portfolios are worth considering. In addition to a more customized portfolio, these plans include one-on-one advising with a financial consultant. For the high net worth investor: 0.65% to 0.90% annual AUM fee for a Blend Portfolio (minimum balance of $25,000) 0.35% to 0.45% annual AUM fee for a Fixed Income Portfolio (minimum balance of $250,000)Īccount types: Individual, joint, and custodial brokerage accounts traditional, Roth, custodial, SEP and inherited IRAs (includes rollovers).For the passive investor: 0.30% annual AUM fee for a Core Portfolio (minimum balance of $500).For the active trader: $0 stock, ETF, and options trading.Through E*TRADE's two mobile apps, you can access your accounts, make trades, view charts and research, and watch Bloomberg TV. What to look out for: While you're able to open an account and choose a Core Portfolio with $0 down, you'll need to fund the account with at least $500 to get started investing. Consider it if: You want an easy-to-use platform paired with rock-bottom pricing.Promotion: Get up to $100 in bitcoin when you make your first trade.Learn more about E*Trade » Best fee-free investment app: SoFi Invest Investors should also note that Morgan Stanley acquired E*TRADE on October 2, 2020. Why it stands out: You won't be charged any advisory fees, stock or ETF trade fees, or subscription fees to invest with SoFi.įor those with a set-it-and-forget-it attitude, SoFi's automated investing platform will recommend a portfolio made up of ETFs, based on your risk tolerance.

Once you decide which portfolio is appropriate, you can get started investing with as little as $1. You won't have to bother rebalancing your portfolio since SoFi will do it for you at least once a quarter, but if your goals or overall financial situation changes, you can adjust your portfolio and even set up an appointment with a SoFi financial planner at no extra cost. Keep in mind that you'll still have to pay fees to the funds you're invested in within your portfolio.Īctive traders don't pay transaction fees when buying and selling fractional shares, stocks, or ETFs.

You can also invest in cryptocurrency, but SoFi charges a markup of 1.25% on those transactions. SoFi Money (Member FDIC), a checking/savings account hybrid with a competitive interest rate, a debit card, and unlimited ATM fee reimbursements, can store money you're not ready to invest yet.įees: $0 for automated investing and stock and ETF trades 1.25% markup on crypto transactions.Īccount types: Individual and joint brokerage Traditional, Roth, SEP IRAs (includes rollovers) SoFi offers several different cryptocurrencies, including bitcoin, ethereum, litecoin, and others. What to look out for: There are only five portfolio options available for passive investors, ranging from conservative to aggressive.

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