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M1 Finance vs Vanguard

M1 Finance is a no-fee robo-advisor that allows you to choose your own investments.. How does it compare to Vanguard? 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 Vanguard offers low stock trade prices (starting at just $2) for investors with account balances over $500k. For those with smaller balances, it's best for less active traders, as trade prices go up after 25 trades/year. Vanguard offers 125+ no-transaction-fee mutual fees and 55+ commission-free ETFs. There is no minimum deposit and service fees can be waived by signing up for electronic statements.

Compare M1 Finance with Vanguard, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 M1 Finance
 Visit SiteLearn More
 

M1 Finance

Vanguard

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New Customers: Deposit $1,000 and Get $30 - Learn More

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Benefits and Features

Stock Trading
$0
Less than $50,000: $7 per trade for the first 25 trades per year, then $20.
$50k - $500k: All trades $7.
$500k - $1M: All trades $2.
$1M - $5M: First 25 trades per year free, then $2.
$5M+: First 100 trades per year free, then $2
Options Trading Less than $500,000: $7 + $1 per contract.
$500,000+: $2 + $1 per contract
Annual Fee
None
 
Minimum Deposit
$100
$0
Mutual Fund Trading
No
$0 for no-transaction-fee funds. For transaction-fee funds: $20 for account balances less than $500,000; $8 for account balances $500,000+
Commission Free ETFsAll U.S. listed ETFsAround 1,800 ETFs from about 100 other companies
Phone SupportMonday - Friday 9:30 am to 4 pm EST 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
Check
 
Assets Under Management
$1 Billion
 
Tax Loss Harvesting
Offers tax-efficient investing
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Included
$25.00
Customer Service 
Monday-Friday 8am -10pm ET
Good ForDIY investing with passive portfolio management 
Inactivity Fee$20 (for accounts with less than $20 and no activity for 90+ days)
$0
Maintenance Fee
$0
$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
Online Platform
Yes
 
iPhone App
Yes (4.6 stars, 25.4k ratings)
 
Android App
Yes (4.2 stars, 12.5k ratings)
 
BankingAll users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
No
Mobile App 
Yes
Desktop App 
Yes
Forex Trading 
Yes
Futures Trading 
No
Locations
No
No
Online Community
No
No
Seminars
No
Yes
Virtual Trading
No
No
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 M1 Finance
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty Star
Stock TradingStarStarStarEmpty StarEmpty Star
Options TradingStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarStar
Mobile AppStarStarStarEmpty StarEmpty Star
Commissions and FeesStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStar
ResearchStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • Not beginner friendly
  • No human advisors
  • Can only trade once a day
Pros:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
Bottom LineNo-fee robo-advisor that allows you to choose your own investments... Read full reviewGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full review
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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

Vanguard: Pricing information from published websites as of 09/15/2019.

Which is Better: M1 Finance or Vanguard?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing M1 Finance or Ally Invest.


Articles on M1 Finance

M1 Finance Reviews

M1 Finance lets you invest in stocks and ETFs without fees. But is it safe? Find out the pros and cons, and if it's legit.

Articles on Vanguard

Vanguard Reviews

Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them.

Which Do You Think is Best?





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