Automated Investing with Ally Invest®
Ally Invest® provides an innovative approach to investing. It's designed to meet the needs of various investors, whether you're new to the market, short on time, or seeking professional assistance.
Core Features
One of the standout features of Ally Invest® is its automated investing service. The robo-advisor takes care of managing your portfolio, ensuring it's expertly diversified with a blend of exchange-traded funds (ETFs). This simplifies the investment process and reduces the burden on investors.
With Ally Invest®, you have the option to start investing with as little as $100. This low minimum makes investing accessible to a wider range of individuals. Additionally, the platform offers different portfolio types to suit your specific goals and risk tolerance.
Portfolio Types
There are several portfolio types to choose from. The Core portfolio is highly diversified across domestic and international assets, allowing you to select your desired level of risk. The Income portfolio offers higher dividend yields with a more conservative risk profile. For those looking to maximize after-tax contributions, the Tax Optimized portfolio may be the right choice. And if social responsibility is important to you, the Socially Responsible portfolio gives greater weight to companies with strong environmental, social, and governance qualities.
Benefits and Considerations
Ally Invest® also offers some additional benefits. For example, there's fee-free rebalancing, which means your portfolio is reviewed and adjusted daily as needed at no extra cost. You can also keep tabs on your performance 24/7 and easily update your goals as circumstances change.
It's important to note that the interest rate on the cash buffer is variable and may change after you open your account. Additionally, the annual advisory fee for the Market-Focused portfolio is 0.30%, charged monthly.
In conclusion, Ally Invest® offers a comprehensive and user-friendly investment solution that combines convenience, flexibility, and expert management. Whether you're looking to grow your wealth or plan for the future, Ally Invest® could be the right choice for you.
