If you invest in mutual funds, whether actively or through SoFi's automated investing platform, the funds you invest in may include fees. SoFi offers several different types of accounts, including taxable brokerage accounts as well as traditional, Roth, and SEP IRAs. For additional disclosures related to the SoFi Invest platforms described above, including state licensure of Sofi Digital Assets, LLC, please visit legal. Get answers to your questions; plus tools, guides, calculators, & more. Meet the SoFi leadership team and board members. But if you're simply looking to get started with investing, SoFi has all you need, with complimentary access to Certified Financial Planners if you have questions. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Lending Corp and/or its affiliates. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We operate independently from our advertising sales team. 234 1st Street, San Francisco, CA 94105. Members get exclusive SoFi Stadium perks like expedited entry, access to the SoFi Member Lounge, and more. Read through the latest SoFi news coverage. Individual customer accounts may be subject to the terms applicable to one or more of the platforms below. However, SoFi offers a broad range of mutual funds, including many whose expense ratios are quite low. SoFi Money: When you make monthly deposits of $500 or more, you can earn 0.25% annual percentage yield (APY) on your money. Get started with a Traditional or Roth IRA today. We do not give investment advice or encourage you to adopt a certain investment strategy. The entire signup process only takes about two minutes. Google Play and the Google Play logo are trademarks of Google Inc. ©2021 Social Finance, Inc. All rights reserved. Take the time to weigh what’s most important to you and your family and find the best IRA that links with those goals. SoFi Invest is also a great option if you already have other SoFi accounts. SoFi does not guarantee or endorse the products, information or recommendations provided in any third party website. A leading-edge research firm focused on digital transformation. 1) Automated Investing—The Automated Investing platform is owned by SoFi Wealth LLC, an SEC Registered Investment Advisor (“Sofi Wealth“). If all you're looking to do is put your money in low-cost Vanguard or other index funds, then SoFi's fee-free accounts may be all that you need. Get started by entering your confirmation number below. SoFi Invest also does not charge any commissions on buying or selling stocks. App Store is a service mark of Apple Inc., registered in the U.S. and other countries. If you don’t meet this requirement, you’ll earn 0.01% APY. Bankrate.com provides a FREE traditional IRA calculator and other 401(k) calculators to help consumers determine the best option for retirement savings. Past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance. If you are a more advanced investor, SoFi may not be a great choice, since SoFi does not offer stop-loss orders or tax-loss harvesting. TransAmerica 401(k) Review Summary The TransAmerica 401k naturally has some benefits and some areas that need improving. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. It offers two types of investing: active stock trading (including fractional shares and cryptocurrency) and a passive, robo-adviser option. Get access to estate planning services and draft your will for free. Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. to exclusive benefits designed to help Our Top Roth And Traditional IRA Picks Of 2021 We evaluate Traditional and Roth IRA account options based on their commissions and fees, investment options, ease of use, and more. SoFi Invest is an investing product that offers two different types of accounts. Paycheck Protection Program / Small Business Financing. You will enter your name, a few basic identification questions as well as questions about your risk tolerance and investing experience. SoFi Invest has a very basic set of features: For more advanced investors or those with more available capital, there's still quite a bit to like about SoFi Invest. Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. as well as other partner offers and accept our, Fee-only vs. commission financial advisor. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. SoFi does not guarantee or endorse the products, information or recommendations provided in any … The College Investor does not include all IRA providers or all brokerages available in the marketplace. What you decide to do with your money is up to you. Clearing and custody of all securities are provided by APEX Clearing Corporation. window.googletag = window.googletag || {cmd: []}; googletag.defineSlot('/1035677/Business_Insider_AMP_', [[300, 139], [1, 1], [300, 360], [300, 475], [595, 139], [595, 360], [595, 475], [300, 250], [595, 250]], 'div-gpt-ad-1602088621612-0').addService(googletag.pubads()); We recommend that you review the privacy policy of the site you are entering. We recommend that you review the privacy policy of the site you are entering. Just want to talk? }); Disclosure: This post is brought to you by the Personal Finance Insider team. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website. 2) Active Investing—The Active Investing platform is owned by SoFi Securities LLC. Get personalized advice from a credentialed financial planner–at no cost. 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