Acorns
PaidMicro-investing robo-advisor that invests your spare change automatically
📈General InvestingAbout Acorns
Acorns rounds up everyday purchases to the nearest dollar and invests the spare change in diversified ETF portfolios managed by its robo-advisory engine. The platform offers multiple account types including personal investing, retirement, and custodial accounts for children, all managed automatically.
What's Great
- ✓Round-up feature makes investing automatic and effortless from everyday purchases
- ✓Multiple account types including personal, retirement, and custodial for children
- ✓Low monthly subscription fee accessible to beginning investors
- ✓Found Money rewards program earns bonus investments from partner brands
Watch Out For
- !Monthly fee of $3-$5 is expensive relative to very small account balances
- !Limited portfolio customization — only five preset portfolio options
- !Round-up amounts are small and may not build meaningful wealth quickly
- !No tax-loss harvesting or advanced tax optimization features
Common Use Cases
College student or young professional starting to invest with spare change from daily purchases
Parent opening a custodial investment account for a child's future
Beginner investor wanting a completely automatic hands-off investing experience
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
General Investing
Automated portfolio management for building long-term wealth with diversified ETF portfolios.
Tags
More General Investing Tools
See all →Betterment
Pioneer robo-advisor with goal-based investing and optional human advisor access
Schwab Intelligent Portfolios
Free robo-advisor from Charles Schwab with no advisory fees
Fidelity Go
Simple robo-advisor with no fees on balances under $25,000
SoFi Automated Investing
Free robo-advisor with no management fees and access to financial planners