M1 Finance
FreemiumHybrid investing platform combining automated portfolios with self-directed trading
🤖Robo-AdvisorsAbout M1 Finance
M1 Finance offers a unique hybrid approach that blends robo-advisory automation with self-directed portfolio customization through its pie-based investing system. Investors create portfolio pies with custom allocations, and M1 automatically rebalances and invests new deposits according to target percentages.
What's Great
- ✓Unique pie-based portfolio building combines automation with customization
- ✓Automatic rebalancing invests new deposits according to target allocations
- ✓No advisory fees on the basic plan — automated investing is free
- ✓Fractional shares allow precise allocation percentages
Watch Out For
- !Only one trading window per day on the free plan limits flexibility
- !M1 Plus subscription required for additional trading windows and perks
- !Tax-loss harvesting is not automated like Wealthfront or Betterment
Common Use Cases
DIY investor wanting automated rebalancing with custom portfolio control
Long-term investor building a diversified portfolio with specific allocations
Cost-conscious investor wanting robo-advisor-like automation without fees
Pricing Model
Freemium
Free plan available. Paid plans unlock advanced features and higher limits.
Category
Robo-Advisors
Automated portfolio management using algorithms to build and rebalance diversified portfolios.
Tags
More Robo-Advisors Tools
See all →Wealthfront
Leading robo-advisor with tax-loss harvesting and automated financial planning
Betterment
Pioneer robo-advisor making investing simple with goal-based portfolios
Acorns
Micro-investing app that rounds up purchases and invests the spare change