4. Best Robo advisors

Best For Experienced Investors: M1 Finance

Our Score: 8.5
Minimum Deposit: $100
Annual Fees: None
Human Advisor Access: No

Get Started With M1 Finance

Best For: M1 Finance is an excellent robo-advisor if you have investing experience and want more control over your portfolio. This is because M1 lets you choose from over 60 M1 expert portfolios or make your own portfolio of stocks, ETFs, and expert-curated portfolios.

The interface at M1 Finance works with “Pies,” a pie chart showing your portfolio allocation. You can customize your pie to contain any supported investment, and M1 works to maintain your portfolio composition over time.

M1 also supports fractional shares starting at just $1 and works with several account types, including individual, joint, and IRAs. M1 doesn’t charge any management fees for accounts, but some portfolios and less common services require a fee.

Potential Drawbacks: While there are professionally designed portfolios for beginners, newer investors may find picking their investments a little intimidating. It’s still a simple process, but if you don’t know what an investment fund is, it could still be a little more work than most robo-advisors.

Fees: M1 Finance doesn’t charge any commissions or trading fees, and there isn’t a recurring account fee. The only costs you pay are for specific investments, which are disclosed on the investment screen. There’s also an inactivity fee of $20 if you don’t use your account for 90+ days.


  • Provides more control over your portfolio
  • Supports fractional share investing
  • No annual fees


  • No tax-loss harvesting
  • No access to human advisors

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