That works out to be $25 per $10,000 you invest. The pricing structure, however, may be unfamiliar t0 those new to the world of investing.įor its basic service, it charges 0.25% of all of the money you invest with it each year. It’s one of the original robos, and is the number-one pick in Forbes Advisor’s ranking of the best robo-advisors available.īetterment has no account minimum, making it easy to get started, and it offers a strong platform that will help you automate your investments in a way that best suits your long-term goals and risk tolerance. These automated portfolio management platforms have evolved a lot over the past decade, but if you’re looking for a dedicated robo-advisor investment app that will manage a low-cost diversified portfolio of ETFs, you may be best served by Betterment. Many of the top online brokerages offer robo-advisor services.
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While Spire provides indirect access to the full capabilities of investing behemoth Fidelity, Forbes Advisor’s top choice for best brokerage overall, traders desiring more esoteric options, such as commodities or cryptocurrency, will be disappointed. As with most leading robos, you’ll be presented with a suite of pre-made portfolios that match your risk tolerance and are stuffed with low-cost funds. Another perk is the ability to coordinate with Fidelity Go, the Boston-based investment firm’s robo-advisor service, which tied for third in our ranking of best robo-advisors. Not only is it easy to navigate, but it’s also chock-full of useful investing definitions and educational material that will help fledgling Warren Buffets find their way. Its retirement and 529 accounts allow you to invest for your and your children’s futures.įrom a usability standpoint, Spire is first-rate. Plus, you needn’t commit yourself to short-term buying and selling Spire offers a range of account types outside of normal taxable investment accounts, like you find at Robinhood. This practice, called selling order flow, is thought by some to result in customers getting worse prices when they buy or sell investments. There are no account fees, and your orders aren’t sold to high-frequency trading shops. Spire has no account or investment minimums, and it features fractional share investing, allowing you to buy less than one share of a particular security.
Designed for inexperienced traders, Spire combines savings graphics and nudges with the ability to buy and sell stocks.
No app we reviewed scored as highly across the board as Fidelity’s relatively new product, Spire.