SoFi offers bonuses to clients who invest at least $20 per month. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website. Active trading and automated investing are the two types of trading they accommodate trying to appeal to both traders and investors with fractional shares purchases, no fees and a low $100 minimum account balance. SoFi Personal Loans, Student Loan Refinancing, and Home Loans all have competitive rates and no hidden fees. Social Finance, Inc. (SoFi) was established in 2011 as a student lending organization. Tell us y… Revenues we receive finance our own business to allow us better serve you in reviewing and maintaining financial product comparisons and reviews. Strengths of SoFi Active Investing. She is passionate about helping fellow millennials find success with their finances and careers. It is even a better fit if you are young or just starting out as an investor.

Many of these are, of course, shared with or generated from SoFi’s other products and services, but that is part of the benefit of embedding a robo-advisor into a growing financial services firm. He has covered financial issues for 20 years, including for The Wall Street Journal and CNN.com.Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: California: California Finance Lender loans arranged pursuant to Department of Business Oversight Finance Lenders License #60DBO-74812The lender SoFi is a relative newcomer to the robo-advisor industry, but in many respects competes — and even beats —  top players. Financial services providers and institutions may pay us a referral fee when customers are approved for products.When you select a product by clicking a link, we may be compensated from the company who services that product. But SoFi has since expanded their offerings. Read more by checking out her website at RachelSlifka.com. When evaluating offers, please review the financial institution’s Terms and Conditions. As with other robo-advisors, SoFi does the portfolio management, but you should always take an interest in the results. INVESTORMINT ASSUMES NO RESPONSIBILITY, AND SHALL NOT BE LIABLE FOR ANY DAMAGES TO YOUR COMPUTER EQUIPMENT OR OTHER PROPERTY ON ACCOUNT OF YOUR ACCESS TO OR USE OF THE PLATFORM. That is a totally legit concern. SoFi Automated Investing (formerly known as SoFi Wealth) charges no advisory or administrative fees and offers access to low-cost exchange-traded funds. A listing of the ETF universe accessed through a setup page context menu shows just 11 securities, including two proprietary funds based on the S&P 500 index. What we like about SoFi Invest. SoFi Automated Investing uses 256-bit SSL encryption, while Apex Clearing holds all client funds, providing access to Securities Investor Protection Corporation (SIPC) insurance and excess insurance, as well as FDIC insurance for overnight bank sweeps. The company has added multiple services since that time, including the Automated Investing platform, which is owned by SoFi Wealth LLC, an SEC Registered Investment Adviser. These advisors are CFPs with the Series 65 designation (or similar), which holds them to a fiduciary standard that binds them to operate in your best interest.

Pay no account fees and earn cash back rewards when you spend on your favorite brands with a SoFi Money® debit card. No minimum deposit is required to open the account, and SoFi has no minimum balance requirement, either. Many of the robo-advisors also provided us with in-person demonstrations of their platforms. In addition, the advisor monitors your portfolio daily to see if it's more than five percentage points off-target and, if so, will adjust the portfolio back to the target.

They’re also eligible for reduced interest rates on SoFi loans. SoFi Invest offers active and automated investing services. These include a variety of goal-focused tools, calculators, checklists, and how-to articles. SoFi Automated Investing's range of low-cost ETFs and free management make it an attractive option for cost-conscious investors.Many or all of the products featured here are from our partners who compensate us. View the latest ETF prices and news for better ETF investing. SoFi collects income through Apex Clearing’s lending of fully paid securities, and those profits are not shared with clients. We don’t receive compensation on all products but our research team is paid from our revenues to allow them provide you the up-to-date research content.We strive to maintain the highest levels of editorial integrity by rigorous research and independent analysis. There are financial advisors available to speak with clients on the phone or via video chat.