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Axos InvestUNVERIFIED PLATFORM
UNVERIFIED PLATFORM
Axos Invest
The world's first free financial advisor. Investing should be a right – not a privilege.
UNVERIFIED PLATFORM
Highlights
+3.43%
Asset Class Return•30d
#37 Rank
In Robo Advisor•30d
Invest from
$10
Overview
Axos Invest Managed Portfolios takes the high fees out of investing to help you reach your financial goals. Easily create an automated investment account in minutes; no previous investing experience necessary! The less you spend on investment fees, the more money you’ll have to invest. That’s why Axos Invest charges a 0.24% annual fee compared to the 1.0% annual fee charged by many traditional advisors. When you create an Axos Invest account, they’ll recommend an investment portfolio which optimally weights your time horizon, desired amount of risk and potential return in order to determine your preferred investment strategy. Plan for both short and long-term goals with their Axos Invest milestones.
Things to Know
You make money on
Value + Dividends
Fees
0.24%
Min Investment
$10
Payout frequency
Quarterly
Term of investment
Zero
Target Return
7% - 10%
Liquidity
Moderate
Open to
All Investors
Mobile Application
iOS, Android
Top Perks
Takes the high fees out of investing
Withdraw from taxable account anytime
Offer Personal, Roth, Traditional, SEP IRAs
Other ways to invest in Robo Advisor
How you make money
Stock price appreciation + dividends. For reference: according to historical records, the average annual return from the S&P Index since its inception in 1926 through 2018 is approximately 10%–11%. The average annual return since adopting 500 stocks into the index in 1957 through 2018 is roughly 8%. Adjusted for inflation, the historical average annual return is around 7%. However, it's important to note that each Robo has their own investment strategy that can influence returns.
How Axos Invest makes money
Axos Invest is the only firm to fully align its incentives with those of its clients. We purposefully designed our business model to not rely on charging fees based on the size of our clients’ accounts (otherwise known as the "assets under management" or "AUM" fee). This means we don’t earn money based on your account size, but rather for products and services that provide additional value to you.
Is it safe?
Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.
Established
2013
Country Available
US Only
Assets Managed
$153M
How You’re Taxed
Capital Gains
As with any stock realized stock gains, investors are subject to capital gains tax. If gains are realized within one year, you are taxed at your income tax rate. If gains are realized after one year, you are subject to a long-term capital gains tax of 0% to 20%. A common service that some robo-advisors offer through their systems is automatic tax-loss harvesting. Tax-loss harvesting is a deliberate strategy whereby any loss from the sale of a security in a taxable account is used to offset a capital gain or taxable income, thereby reducing the tax paid.
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