Table of Contents
M1 Finance occupies a unique niche, combining features of a traditional brokerage account with the automation of a robo-advisor. Known for its customizable investment “Pies,” M1 Finance allows you to design your target portfolio asset splits and automates all future dividend reinvestments and contributions to match those targets.
M1 Finance Specifications
| Feature | Details |
|---|---|
| Platform Model | Automated Fractional Pies |
| Account Minimum | $100 ($500 for IRAs) |
| Annual Management Fee | $3/month flat (free for accounts over $10k) |
Pros & Cons
Pros
- Completely automated rebalancing and dividend reinvestment.
- Custom portfolio Pies allow fractional shares.
- Integrated margin lending and checking accounts.
Cons
- No day trading support (trades occur only in daily windows).
- No mutual funds or cryptocurrency support.
