Acorns Review


Trust Score 84%
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Acorns, federally registered in 2013, is a Registered Investment Advisor (RIA) in 52 state(s) with a licensed staff of 12 advisors. Acorns manages $1 billion and provides investment advisory services for 2,058,343 clients (1:171529 advisor/client ratio).

$1 per month minimum. For accounts of $5,000 or more, pay only 0.25% per year.

Benefits


  • Firm uses a transparent fee-only model
  • Firm has $1B or more in assets under management
  • Firm services over 1,000 clients

Considerations


  • Firm works with a lesser-known custodian
  • There is only one licensed advisor for every 171529 clients (industry average 1:50)
  • Firm has been federally registered for only 5 years

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Managed Investing


Feature Value
Estimated Fees (Annual) N/A on $0 portfolio
Annual Management Fee Notes $1 per month minimum. For accounts of $5,000 or more, pay only 0.25% per year.
Minimum Investment $5,000
Minimum Annual Fee $0
Average Account AUM $558
Hybrid Advisor Yes
Disciplinary History No
Total AUM $1 billion
Advisor / Client Ratio 1:171529
Headquarters Irvine, CA
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