Quick and easy. These are the best managed and automated investment accounts of 2019 to (hopefully) generate returns without lifting a finger.
| Company | Best For |
|---|---|
| Low cost option for a professionally managed investment portfolio | |
| Easy access to online real estate investing | |
| Personalized automated wealth management with no minimums |
Do managed investment accounts and robo-advisors charge fees?
Most managed investing accounts charge a small annual fee. This fee is often less than 1%. If you have $10,000 in an account charging a 0.50% annual fee, you can expect to pay $50 per year.
Bottom line, managed investment accounts are a simple and effective solution for investors who still want to earn a return on their investment but don’t want to deal with the hassles of investing on a day-to-day basis.
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Ally Invest Cash-Enhanced Managed Portfolios offer a slick approach to a managed investment account with 0.00% fees, 24/7 client support, and customized investment plans based on risk tolerance, time horizons, and growth targets. Overall, the integration with existing Ally clients is smooth you can expect automated investing based on a personalized profile.
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Fundrise doesn’t invest in stocks, but it provides a way to shoot for a healthy return on your capital without having to make any investments yourself. Fundrise invests in the real estate market, so the correlation to everyday stock price movements is slim. It’s a great way to diversify your investment portfolio.
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Wealthsimple has a very low barrier to get started with automated investing. There’s no account minimum, and there’s free access to professional investment advisors. Wealthsimple is best known for their socially responsible investing, but their easy, fast, and innovative approach to hands-off investing is hard to beat.
What is a managed investment account?
Simply put, a managed investment account is what it sounds like: it’s an investment account that’s managed by someone or in many cases, “something,” else. Investors enjoy managed investment accounts because of the simplicity. Managed investment accounts mean you don’t have to select individual stocks and make investment decisions, and you can still earn an ROI.
Technically speaking, a managed investment account can be divided into two parts: robo-advisors and human-advisors. Human advisors are self-explanatory. It’s an investment account where an advisor makes investment decisions on behalf of their clients.
What is a robo-advisor?
A robo-advisor is a managed investment solution that’s automated via computers, hence the name “robo.” Robo-advisors buy and sell securities, like bonds and stocks, in your account in accordance with your predefined risk tolerance. In today’s digital age, automated investment services make a lot of sense. Companies like Betterment, Wealthfront, and Wealthsimple all employ algorithms to make investment decisions for tens of thousands of clients everyday.
Other Accounts to Consider
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M1 Finance offers free stock trading and free automated investing services that rival traditional online brokerages and wealth management solutions.
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PeerStreet is one of the nation’s leading platforms for investing in various real-estate related loans and mortgages in the United States. Since the company started in 2013, it has produced a healthy ROI for qualified investors.