Our Score: 8
Minimum Deposit: $100
Annual Fees: 0.08% to 1.5%
Human Advisor Access: Yes
Best For: Interactive Advisors is a robo-advisor service from Interactive Brokers, one of the leading brokers for trading options, stocks, and ETFs.
What makes Interactive Advisors unique is its range of pre-built portfolios you can invest in. Investing themes include healthcare, technology, growth, small cap, and many other investing concepts. And there are also numerous socially responsible investing (SRI) themes, like social justice or creating a better planet.
You’re still investing in fractional shares and ETFs with your portfolio. But the variety of SRI and ESG investing options is what makes this robo-advisor stand out. And if you need help, you can call a investment advisor during weekday business hours with your questions.
Potential Drawbacks: Some portfolios have high annual fees versus other robo-advisor investments. And if you aren’t looking for SIR or ESG investing, there isn’t the right robo-advisor for you.
Fees: Asset-based management fees range from 0.08% to 1.5% annually. It’s important to read portfolio information carefully so you know how much fees are.
Pros:
- Extensive list of SRI and ESG portfolios
- Other investing themes are also available
- Access to human advisors
Cons:
- No tax-loss harvesting
- Some funds have very high fees