ROBO ADVISOR RANKING

Best Lowest Total Cost Robo-Advisors
11

SoFi Wealth

Minimum Amount: $100

Management Fee: 0%

Sofi

Because SoFi doesn't charge any management fee and invests in ETFs with low expenses, it ranks the highest in our ranking of robo-advisors with the lowest fees. The average total costs of all SoFi portfolios was 0.11%.

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Average Total Costs for All Portfolios Minimum deposit Tax services Auto deposits Human adviser Fractional Shares Automatic Dividend Reinvesting Automatic Rebalancing SRI Strategy
1
0.11% $100 Access to series 65 licensed adviser
0.14% $0
3
0.21% $2,000 Tax loss harvesting Access to series 65 licensed adviser
4
0.37% $0 Tax loss harvesting
5
0.14% $5,000 Tax loss harvesting

* M1Finance is not a true robo-advisor, but rather an online brokerage platform. They provide suggested portfolio allocations in case users need help designing a portfolio. Please note: M1 Finance is not required to act in a user’s best interest the same way a fiduciary would.