M1 Finance vs Charles Schwab Intelligent Portfolio
M1 Finance is a no-fee robo-advisor that allows you to choose your own investments. How does it compare to Charles Schwab Intelligent Portfolio? Read our comparison chart below.
M1 Finance offers free automated investing with no commissions or account fees. Unlike other robo-advisors, M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.
While Charles Schwab Intelligent Portfolio charges no service fees, rebalance fees, or commissions. It offers highly diversified portfolios, consisting of up to 20 asset classes in any portfolio. The minimum investment is $5,000 to start. This robo-advisor has over 300 physical branches if you need in-person help.
Compare M1 Finance with Charles Schwab Intelligent Portfolio, side-by-side.
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| Visit Site | Learn More | |
M1 Finance | Charles Schwab Intelligent Portfolio | |
|---|---|---|
M1 Investment Account - Up to $500 Bonus - | ||
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Annual Fee | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading | ||
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | Monday - Friday 9:30 am to 4 pm EST | |
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | Hybrid; You choose your own investments and M1 trades & manages your portfolio for you |  |
| Assets Under Management | ||
| Tax Loss Harvesting | No, but offers tax minimization features | Available for accounts $50,000 and over |
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | DIY investing with passive portfolio management | |
| Inactivity Fee | $20 (for accounts with less than $20 and no activity for 90+ days) | |
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements. | |
| Mobile App | | |
| Two-Factor Authentication | ||
| Locations | ||
| Online Community | ||
| Seminars | ||
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
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| Annual Fee |  | |
| Minimum Deposit | | |
| Customer Service |   | |
| Mobile App | | |
| Ease of Use | | |
| Research | | |
| Pros & Cons | Pros:
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| Bottom Line | No-fee robo-advisor that allows you to choose your own investments... | |
| Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. M1 Finance: Pricing information from published website as of 02/28/2020 Charles Schwab Intelligent Portfolio: Pricing information from published website as of 06/14/2018 | ||
M1 Investment Account - Up to $500 Bonus
Open a new M1 investment account. Deposit $10,000 or more into the account within 14 calendar days of account opening. Promotional credit will depend on the deposited value made into the account.
| Deposited Value | Promotional Credit |
|---|---|
| $10,000 - $29,999.99 | $75 |
| $30,000 - $49,999.99 | $150 |
| $50,000 - $99,999.99 | $250 |
| $100,000+ | $500 |
This offer is only for customers who have never registered for an M1 user account.
Transfer and Earn Up to $15,000
Complete an Automated Customer Account Transfer Service (ACATS) of at least $100,000 in aggregate and earn up to $15,000. Promotional credit will depend on the amount transferred to the account.
| Transfer Account Value | Promotional Credit |
|---|---|
| $100,000 - $249,999.99 | $250 |
| $250,000 - $499,999.99 | $1,000 |
| $500,000 - $999,999.99 | $2,000 |
| $1,000,000 - $1,999,999.99 | $4,000 |
| $2,000,000 - $4,999,999 | $10,000 |
| $5,000,000+ | $15,000 |
This offer is valid for new and existing M1 customers.
Commission Free Stock Trading
M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing M1 Finance or Robinhood.
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