Beanstox

Beanstox

Beanstox

Beanstox

Seriously Simple Investing, Beanstox can help you automate your wealth. Beanstox is an automated internet-based investment advisory service to help people reach their financial goals.

Highlights

-0.87%

Asset Class Return30d

#40 Rank

In Robo Advisor30d

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Invest from

$100

Overview

Let’s focus on building your wealth. Beanstox is an automated internet-based investment advisory service to help people reach their financial goals. They recommend a disciplined investing plan no matter what’s happening in the markets and they make it easy to set up automated weekly/monthly recurring deposits. Beanstox is a robo-advisor, simply answer a few questions and they’ll help select investments for you based on the investment goals and risk tolerance levels that you identify.

Things to Know

  • You make money on

    Value + Dividends

  • Fees

    $5

  • Min Investment

    $100

  • Payout frequency

    Quarterly

  • Term of investment

    Zero

  • Target Return

    Varied

  • Liquidity

    Easy

  • Open to

    All Investors

  • Mobile Application

    iOS, Android

Top Perks

  • 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

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 Please note that deposits cannot be withdrawn for a 30-day period.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.

Is it safe?

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.

  • Established

    2018

  • Country Available

    Worldwide

  • Assets Managed

    n/a

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