M1 Finance could very well be the future of the robo-advisor industry. Based in Chicago, the service combines computerized investment advice with the functionalities of a traditional investment brokerage.
The company uses portfolio templates it calls “Pies” to invest your money. These pies can be both prebuilt and customized by the investor. But you can also use the service to purchase individual stocks and exchange-traded funds (ETFs). You can read all about M1 Finance in our in-depth review.
We like M1 for its no required minimum investment and lack of trading commissions.
But we also like the current promotion M1 Finance is offering, too.
Get a $25 Signup Bonus When You Open an IRA
When you sign up for an IRA with M1 Finance and fund it with an initial deposit of at least $500, you’ll receive a $25 bonus as a thank-you.
This special applies to both brand-new M1 customers and existing clients who have not yet opened an IRA. Your signup bonus will be deposited into your account within two weeks of your initial deposit.
But you must hurry — this offer is good though January 31, 2019.