Is Sofi a good robo-advisor?

The lender SoFi is a relative newcomer to the robo-advisor industry, but in many respects competes — and even beats — top players. SoFi’s free management is attractive compared with other robo-advisors that charge a management fee of 0.25% or more.

Is Sofi's free Management worth it?

SoFi’s free management is attractive compared with other robo-advisors that charge a management fee of 0.25% or more. But it's especially enticing relative to competitors who charge significantly more and offer similar unlimited access to advisors, such as Betterment Premium (0.40%).

Is Sofi invest free?

Is SoFi Invest really free? SoFi offers commission-free stock and ETF trading, and it even provides automated investing for free. Crypto traders, however, should be prepared to pay when exchanging different assets. SoFi currently charges a 1.25% markup on each crypto transaction.

What is Sofi and how does it work?

SoFi is a fintech platform offering self-directed investing, automated investing, and more. Insider's experts choose the best products and services to help make smart decisions with your money ( here’s how ). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.