Finhabits Advisors offers investment advice through an online platform, aiming to help clients build and preserve wealth, and save for retirement. Clients create financial goals, and Finhabits automatically implements and rebalances the investment strategy using exchange-traded funds and mutual funds. Accounts are held at Apex Clearing Corporation. Finhabits also offers financial planning services covering budgeting, life goals, and debt management.
Assets Under Management$96M
Clients34,671
Advisors2
Avg. per Client$2.8K
Avg. per Advisor$48M
Fee Structure
Minimum Investment:$5
Investment management only (planning not offered)
Finhabits charges fees in two ways:
- Platform Subscription: A monthly fee of $10 or a yearly fee of $99 grants access to three accounts and premium content.
- Asset Management Fee: If your combined monthly balance across all accounts is at least $12,000, the asset management fee is 1.00% per year, charged monthly. This fee is only charged on account values between $0 and $100,000. If the combined value exceeds $100,000, Finhabits calculates the fee using a portfolio value of $100,000.
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