We've reviewed many investing and personal finance services. We want to help you make the best decision of which service best suits your needs.
This comparison we review M1 Finance and Rebalance IRA.
From our research, annual fees, minimum deposit, and 401(k) support the most important
features which choosing a robo advisor. Let's look at how M1 Finance and Rebalance IRA stack up against each other on these features.
To start, we will compare the fees for trading with both robo
advisors. M1 Finance has
annual fees at 0% fee per year. In
contrast, Rebalance IRA has annual fees of 0.50%.
M1 Finance wins because their service is free to use.
Let's consider the minimum investment that's required to use both M1 Finance and Rebalance IRA.
At $0, M1 Finance requires a smaller minimum deposit.
When it comes to supporting 401(k) plans, there is a clear line of division. Rebalance IRA does offer support for 401(k) plans, while M1 Finance does not. If you are someone who wants input on your employee-sponsored retirement account, Rebalance IRA will be your option.
|Review||M1 Finance Review||Rebalance IRA Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||Invest for FREE||None|
|Account Fees||None||$250 Setup Fee; 0.50%/year|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, 401(k), Solo 401(k), Trusts, Partnerships, Non-Profit|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting|
|Retirement Planning Tools|
|Automatic Deposits||Daily, Weekly, and Monthly||Daily, Weekly, Biweekly, Monthly, Bimonthly and Quarterly|
|Clearing Agency||Apex Clearing||N/A|
|Socially Responsible Investing|
|Invests in Commodities|
|Invests in Real Estate|
How can you access the sevice? Website only? Via smartphone app?Access
|Website, iOS App, Android App||Website|
More security to prevent unauthorized access to your account.Two-Factor Authentication
|Customer Service||Phone: M-F 9A-5P CT; Email||Phone: M-F 8:30A-8:30P ET; Email|
|Assets Under Management||$30M||$525M|
|Number of Accounts||N/A||1K|
|Sign Up||Sign Up|
About M1 Finance
Combining the best of both traditional investment brokerage accounts and robo advisors, M1 Finance is dangerously close to being the perfect all-around investment platform. The only significant negatives are that it does not offer tax-loss harvesting or investment in mutual funds.
About Rebalance IRA
Rebalance IRA provides insight into your portfolio and helps you make better decisions by not letting emotions get in the way and selling too often. It also helps you determine the right asset allocation. However, Rebalance IRA is good only for investors who have portfolios of $100,000 or more.