The average user has about $4,000 of assets in his or her M1 Finance account. It has managed to attract an impressive number of investors.Ĭurrently, the financial tool has 250,000 funded accounts and holds over $500 million in client assets. The Chicago-based company behind it was established in 2015 by Brian Barnes, Founder & CEO. M1 Finance is an investment management platform. And, you should be aware of both the good and the bad before you create an account. That said, M1 Finance does have some downsides.
#See finance reviews free
Not only does the platform enable investors to create diversified portfolios and access a variety of financial tools, but it’s also offered completely free to individual investors. One of the most popular robo-investment tools is M1 Finance. As my old friend, Benjamin Franklin said,Īn investment in knowledge pays the best interest. Personal finance tools and services are more accessible and less expensive thanks to low-or even non-existent-management fees, andthe internet.Īs an investor, educating yourself about these platforms is critical to your financial health. Gone are the days of paying 1.5% of your total investable assets to a random financial advisor. The development of Robo-Advisor tools and online investing platforms has made it possible for people to start investing without the prohibitive costs of traditional brokerage services.
0 kommentar(er)
