⭐ Editor's Choice — Top Rated Pick
M1 Finance (Automated Pie Investing)
📍 Available in: US
★★★★★ 4.7 / 5.0
M1 Finance bridges the gap between a self-directed brokerage (like Fidelity) and an automated robo-advisor (like Wealthfront). Instead of placing manual buy orders for 15 different ETFs and dividend stocks every payday, you design a custom portfolio "Pie" with target percentage weights (e.g., 60% VTI, 20% VXUS, 10% SCHD, 10% AAPL). Every time cash hits your account—or dividends are paid—M1’s dynamic rebalancing engine automatically buys fractional shares of whichever slices have drifted below their target weight.
Key Facts at a Glance
| Cost / Fee Structure | $0 Platform Fee (with $10,000+ Invested or Active M1 Loan; else $3/mo) |
| APR / Rate | $0 Trading Commissions • ~7.25% M1 Margin Loan Rate |
| Minimum Deposit / Balance | $100 ($500 for Retirement IRAs) |
| FDIC / SIPC / Regulatory Protection | $500,000 SIPC (Invest) + Up to $3.75M FDIC (M1 High-Yield Cash) |
| Credit / Eligibility | US Resident (18+) |
Pros & Cons
✓ Pros
- ✓Dynamic cash-flow rebalancing keeps your portfolio at target weights using new deposits and dividends—without selling shares or triggering capital gains taxes
- ✓Allows combining low-cost index ETFs and individual dividend stocks in one automated schedule
- ✓Platform fee ($3/month) is 100% waived once your combined M1 balances reach $10,000+
✕ Cons
- ✕Trades execute only during two fixed daily trading windows (9:30 AM ET and 3:00 PM ET)—not built for intraday day traders
- ✕Accounts with less than $10,000 in total M1 assets pay a $3/month ($36/year) platform fee after a 90-day grace period
Key Features
Custom "Pie" Portfolio Builder with Automatic Dynamic Rebalancing on Every Deposit1-Click Tax-Efficient Rebalancing Across Fractional Shares of 6,000+ Stocks & ETFsM1 Margin Borrow Line at Institutional-Grade Rates (~7.25%) Without Credit ChecksIntegrated M1 High-Yield Cash Account with Up to $3.75M FDIC Sweep Protection
Compare M1 Finance (Automated Pie Investing) Side-by-Side
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