Acorns
Assets Under Management
$10.4B
Number of Clients
7,767,132
Number of Advisors
13
Average Client AUM
$1K
AUM per Advisor
$798.5M
Compensation
Fixed/Hourly
About This Firm
Acorns Advisers, LLC is a registered investment advisor providing robo-advisory services through a wrap fee program. It offers investment accounts including traditional investment accounts, IRAs, and UGMA/UTMA accounts. Acorns provides investment advice through model portfolios comprised of ETFs, and also offers a bitcoin-linked ETF and Custom Portfolios. Acorns Money Manager splits deposits among investing, saving, and spending accounts. Acorns does not provide financial planning, tax, accounting or legal advice.
Fee Structure
Acorns charges a monthly subscription fee for access to its platform and financial wellness services. The fee is composed of an Acorns Advisory Fee and an Acorns Grow Program Fee. Acorns offers three subscription fee plans: Bronze ($3/month), Silver ($6/month), and Gold ($12/month). These fees cover trade execution, clearance, custody, account reporting, and IRA custodian services. Acorns is designed for individuals who make frequent recurring investments. The Fee Schedule may not be appropriate for individuals looking to make few or infrequent small-dollar investments. ETFs also charge expense ratios.
Areas of Practice
Location
5300 California Avenue, Irvine, CA, 92617