| Website |
https://www.fidelity.com/ |
https://www.m1finance.com |
| Pros |
- Has an account type for everything you can imagine.
- Zero-fee mutual funds offer the lowest fees in the industry.
- Free trades for stocks, options, ETFs, and Fidelity funds.
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- No advisor fee, trading fee, or monthly fee.
- Concept of “Pies” - preset portfolios you can pick with a single click.
- Automatic investing enables rebalancing your portfolio as you make new contributions.
- Borrow against your portfolio with a low-interest loan.
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| Cons |
- Sometimes confusing website due to the number of offerings.
- Multiple funds that invest in the same thing with different fees.
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- No tax-loss harvesting
- By adding multiple pies you can easily create an overly complicated portfolio of portfolios that duplicates investments.
- Limited trading time - On a free account, all of your transactions will happen in the morning. With an M1 Plus account, you can also trade in the afternoon.
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| Promotions |
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| Fees |
- Expense ratios range from 0% up to over 1.3%.
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- No management fee - M1 Finance changes no advisor fee.
- $125/yr fee for an M1 Plus Account.
- Additional Fees for various other one-off services like wire transfers, paperwork, or account conversions.
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