Sofi Wealth Management

Sofi Wealth Management

SoFi Wealth AdvisorsSoFi Wealth Management is basically a roboadvisor with a financial planner available by phone. Sofi is located in California but of course SoFi Wealth Management is available nationwide.

Like most roboadvisorsSoFi Wealth Management collects some information from you, and then invests your money in a broadly diversified collection of low-cost, passively-managed ETFs which it then automatically rebalances (typically monthly but at least quarterly) going forward. So you’re going to end up with a reasonable portfolio that is managed in a reasonable way. Unless you are a diehard do-it-yourselfer, the asset management function is going to be just fine. You can make an appointment online or by phone to talk to the financial planner at your convenience. My review of Sofi Wealth Management can be found here.

Here’s the mandatory disclosure about the affiliate deal.


Fee Structure:

There is no fee through the remainder of 2018 (2019 for WCI readers who go through this affiliate link). The eventual fee for this service is 0.25% of Assets Under Management (AUM) per year, on par with the cheapest roboadvisors out there and far cheaper than a financial advisor. You can invest as little as $100 and there is never a fee on assets under $10K (almost 2 years of IRA contributions)