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Beanstox is an automated internet-based investment advisory service to help people reach their goals

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How you make money

You are able to earn a return through the appreciation of stocks and dividend payments. You also benefit from cheap, customized goal setting that allows you to plan for your future more effectively. Please note that deposits cannot be withdrawn for a 30-day period.

How Beanstox makes money

At the current moment, Beanstox receives $5 per month per account. It is stated on their website that in the future, accounts over $25,000 will be charged 0.25% on an annual basis as well. Beanstox receives money similar to other investment platforms through avenues such as interest on idle cash.

Risks

Beanstox Inc. (“Beanstox”) is an SEC registered investment adviser and has arranged for brokerage services to be provided by DriveWealth LLC., a registered broker-dealer and member of FINRA/SIPC. DriveWealth is not affiliated with Beanstox. Investments in securities are not FDIC insured, no bank guarantee, and may lose value. Beanstox was cofounded by renowned investor, Kevin O'Leary, which speaks to the reliability of the company.

Things to know

  • You make money onValue + Dividends
  • Payout frequencyQuarterly
  • LiquidityEasy
  • Fees$5
  • Term of investmentZero
  • Open toAll Investors

Company

  • Country availabilityUS only
  • Established2018
  • Assets under managementUnknown
  • Mobile ApplicationIOS, Android

Investment Return Calculator

Calculate your estimated return to reach your investment goals.

$

%

years

Amount invested

$1,000

Total fees

$62.01

Value after fees

$1,397.32

Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results.

Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts.

Is it Safe?

Low risk

Minimum Investment

$100

Target Return

Varied

Fees

$5

Why Invest

  • Get a diversified portfolio managed by professionals
  • They create portfolios for multiple goals, all under one account
  • Automatic recurring deposits for different goals and automatic rebalancing

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