M1 Finance vs Public - Compare features, fees and more

M1 Finance vs Public Highlights

Here's a look at the differences between these two investment platforms. Minafi's finances are an open book. See how we make money.

M1 Finance

Open An Account

Ratings
Rating Type	Rating
Minafi Rating	10/10
Usability Score	8/10
Cost Rating	10/10
Trust Rating	8/10
Company Age Score	5/5
JD Power Score	-

Overview
Overview Feature	Included
Founded	2015
Min Investment	$100.00
Classification	Roboadvisor
Accounts Offered	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts
How to Access	Android Application Website iOS Application
Allows Investors from	United States of America

Features
Feature	Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus

Fees & Expenses
Fee Type	Included
Management Fee	-
Monthly Fee	-
Options Fee	-
Trade Fee	-

Public

Open An Account

Ratings
Rating Type	Rating
Minafi Rating	8/10
Usability Score	9/10
Cost Rating	3/10
Trust Rating	9/10
Company Age Score	5/5
JD Power Score	-

Overview
Overview Feature	Included
Founded	2015
Min Investment	$0.00
Classification	Self-Guided Account
Accounts Offered	Taxable
How to Access	Android Application iOS Application
Allows Investors from	United States of America

Features
Feature	Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus

Fees & Expenses
Fee Type	Included
Management Fee	-
Monthly Fee	-
Options Fee	-
Trade Fee	-

M1 Finance vs Public

Investment Apps comparison
Feature by	M1 Finance	Public
Rating	98 Open An Account	71 Open An Account
Minafi Rating (out of 10)	10/10	8/10
Usability Score (out of 10)	8/10	9/10
Cost Rating (out of 10)	10/10	3/10
Trust Rating (out of 10)	8/10	9/10
Company Age Score (out of 5)	5/5	5/5
JD Power Score (out of 1,000)	-	-
Overview
Year Founded	2015	2015
Min Investment	$100.00	$0.00
Classification	Roboadvisor	Self-Guided Account
Accounts Offered	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts	Taxable
How to Access	Android Application Website iOS Application	Android Application iOS Application
Allows Investors from	United States of America	United States of America
Features
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Management Fee	-	-
Monthly Fee	-	-
Options Fee	-	-
Trade Fee	-	-
Fee Table (100% = lowest fees)	View M1 Finance fees	View Public fees

Website	https://www.m1finance.com	https://public.com
Pros	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.	Follow other investors and see what they’re investing in – including experts. Get feedback on your trades by making your trade history public. Community members offer recommendations and advice through the main feed.
Cons	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.	Only available through the native app for iOS and Android. There is no website to access your investments from. Limited Accounts - Public only offers brokerage (taxable) accounts. Minafi recommends people start investing using a 401(k), IRA or Traditional IRA first before moving on to taxable accounts. Encouraging sharing for additional free stock grants. Those who you share with might not have enough investment platform background to understand the tax consequences of trading in a brokerage account. Social features and news may be informative but may cause you to make more trades than you might otherwise.
Promotions
Fees	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.	Public charges no fees for any services.

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M1 Finance vs Public Comparison

M1 Finance vs Public Highlights

M1 Finance

Public

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