Finch

Robo Advisor

Finch puts your money to work by automatically investing your entire checking balance into a diversified portfolio of ETFs, so your balance is always working for you.

Investment risk

Low

Min investment

$5

Target return

Varied

Fees

$0

Overview

A better way to grow, your productive all-in-one account with the powers of investing and flexibility of checking At Finch, the goal is to make investing accessible for all. That's why they integrated the power of investing and the flexibility of checking into a seamless all-in-one account. Finch lets you earn investment returns by automatically investing your checking balance into a portfolio designed to match your unique risk profile. This means your entire balance is always working for you, from day one, no matter what your balance is.

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Why Invest

  • You could increase your wealth by up to 50% every ten years
  • Entire checking balance auto invested and accessible for immediate payments
  • Commission free trading

How you make money

Your balance is invested in a diversified portfolio of cash and Exchange Traded Funds (ETFs). Finch only offers large, diversified, low-cost ETFs created by some of the world's largest asset managers. Your portfolio will depend on the package you select. Finch will guide you through this process and make recommendations along the way. Finch offers a Stable and Growth package. The Stable package invests in a basket of short term US treasuries, short term corporate bonds, and cash. The Growth package invests in a basket of US stocks, bonds, and cash. Finch also provides the option to make your portfolio sustainable which means you can exclusively invest in companies that meet social and environmental standards.

How Finch makes money

There is no minimum balance requirements to open a Finch account but to start investing and receive a debit card, you need to deposit at least $5. They offer all the features and functionalities of a typical checking account at no cost. Their entry-level account will cost $0 per month, but you will be able to access premium add-on features for an additional fee. They will give you more options in terms of number of recommended portfolio options and portfolio mix diversification of the assets you invest in. The Growth Portfolio is $2/month when your average monthly balance is $1,000 or below, and $7/month when your average monthly balance is above $1,000. You can also choose to have your Growth Portfolio more adjustable for additional $5 per month. Finch also makes money when you swipe your debit card, which is a small percentage of each transaction, which is paid by merchants, and not you.

Is it Safe?

Finch offers an account which invests your balance into a portfolio of Exchange Traded Funds (ETFs). Based on their risk, your balance could be subject to both gains and losses. They offer a range of packages that vary in level of risk, and also recommend a portfolio mix to match your unique risk profile based on the answers you give to them during the onboarding. Their lowest risk package is a cash preservation portfolio that does not have any stock market exposure. Their growth portfolio does have market exposure, but they manage risk through diversification. The growth portfolio is only suitable for those who are willing to take some risk for the possibility of greater long term returns. Your investments are subject to Securities Investor Protection Corporation (SIPC) coverage via their partner broker-dealer. This means your investments are protected up to $500,000 (including $250,000 for claims for cash).

Things to know

  • You make money onDividends + Value
  • Fees$0
  • Payout frequencyQuarterly
  • Term of investmentZero
  • LiquidityEasy
  • Open toAll Investors

Company

  • Country availabilityUS only
  • Assets under managementUnknown
  • Established2019
  • Mobile ApplicationIOS, Android

Investment Return Calculator

Calculate your estimated return to reach your investment goals.

$

%

years

$

Monthly

Amount invested

$7,000

Total fees

$0

Value after fees

$9,072.44

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.

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