Ally Invest offers a wide range of investment options, including stocks and ETFs. ETFs are basically a collection of securities, and can help you invest in an entire industry. The site features an extensive education center with webinars and live events. It also allows users to set their own investment goals, and gives helpful tips and tricks.
Ally Invest has strong security measures in place. It uses robust firewalls and Secure Socket Layering (SSL) encryption to secure information that you send to and from its website. It also employs two-factor authentication, which means that you’ll receive an authentication code via email or a mobile device when you access your account. This security measure helps protect your identity and prevent hackers from accessing your account.
Ally Invest’s website is well-designed and responsive, with menus that are intuitive and easy to use. There are also a variety of ways to access information on the site, including through a user-friendly mobile app. The website lacks many of the functionality features that other brokerages offer, but it does offer an ETF screener, which is great for beginners.
Ally Invest’s Robo Portfolios offer low-cost, well-diversified ETFs. You can invest in traditional or Roth IRAs. The site also offers several calculators and educational tools. The Robo Portfolios are built using eight to ten ETFs, which means solid diversification. In comparison, Vanguard Personal Advisor Services and Digital Advisors provide minimal diversification.
Ally invest does not offer no-transaction-fee mutual funds, but it does offer a zero-fee portfolio that includes required cash allocation of 30%. If you want to invest in fully invested funds, you’ll have to pay 0.30% annual management fees. Ally offers a range of mutual funds, including more than 12,000.
For self-directed traders, Ally Invest offers a self-managed and managed portfolio. The latter requires an investment of $100, but the management fees for both options are zero. A managed portfolio offers a lower risk profile and a higher dividend yield. The company also offers tax-optimized portfolios, and invests in ETFs with low fees.
If you’re more active than passive, Ally Invest may be the right choice for you. Its low fees and low minimums make it a great place to start investing. It offers free brokerage accounts, including traditional, Roth, and rollover IRAs. It also offers commission-free trading of stocks and ETFs. It also offers dynamic profitability graphs.
