Name: Ally Invest Robo Portfolio Review: Pros & Cons, How It Works
Brand: Ally
SKU: ALLY - 0001-1

Ally Invest Robo Portfolio review quick take: A managed investment account offering diversified portfolios designed by human specialists.

What is Ally Invest Robo Portfolio?

Ally Invest Robo Portfolio is an automated investment service that creates and manages a diversified portfolio based on your financial goals and risk tolerance. It’s a hands-off approach to investing that uses robo-advisors to do the heavy lifting. It offers:

Diversified portfolios designed by a team of (human) specialists
Managed and monitored daily with smart technology and rebalanced as needed
Access to view performance and track your goals 24/7
Easy updates to your portfolio goals any time as your financial needs change

The accounts available are:

Individual
Joint
Custodial
Retirement accounts: Traditional, Roth, Rollover IRA

Securities products and services are offered through Ally Invest Securities LLC, member FINRA and SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

How Ally Invest Robo Portfolios Work

The initial minimum deposit is $100.

When you open an account, the robo-advisor platform gives access to two portfolios.

Cash-enhanced portfolio

For those who want added security in an inconsistent market.

Absolutely no advisory fees
We set aside 30% of your portfolio in cash to act as a buffer against volatility
Earn 4.20% in annual interest on the cash buffer, credited monthly
If you take out money, the robo-advisor automatically readjusts what’s left to keep the same market-to-cash allocation
Available for all 4 portfolio types

Market-focused portfolio

For those who want more of their money in the market.

0.30% annual advisory fee, charged monthly
Nearly all your money’s invested, with only about 2% held as cash
Earn 4.20% in annual interest on the roughly 2% in cash, credited monthly
If you take out money, we’ll automatically readjust what’s left to keep the same market-to-cash allocation
Available for all 4 portfolio types

Ally Invest Robo Portfolios

Key Features

Fee-free rebalancing: Portfolios are reviewed daily and adjusted as needed for no extra fee.
24/7 support: Call, chat, or email.
Four portfolio strategies: Core, Income, Tax-optimized, and socially responsible.

Fees

Management fee: $0 with Cash Enhanced Managed Portfolios; 0.30% for Market-focused

Pros and Cons

Pros

Diverse investment selections
Low account minimum

Cons

No tax-loss harvesting

Who is it best for?

Ally Invest Robo Portfolio is a great option for investors who want hands-off approach and low-fee investment management.

Ally Invest Robo Portfolio Automated Investing

Ally Invest Robo Portfolio Review

Ally Invest Robo Portfolio is a legitimate service offered by Ally.

In researching Ally Invest Robo Portfolio reviews, we found that the online brokerage has a 4.7 out of 5-star rating in the App Store. However, it receives a poor rating of 1.7 out of 5 on Trustpilot, with most reviews sharing issues with other Ally financial products.

Ally Invest Robo Portfolio Review Conclusion: The automated investing robo-advisor offers competitive pricing and features to help investors manage their investments without paying high fees. It offers a hands-off approach to investing with low fees and no advisory fees, making it a convenient option for both new and experienced investors looking for a streamlined investment experience.

How to Start Using Ally Invest Robo-advisor

Minimum Requirements

Must be at least 18 years old
Verifiable personal information
Social security number

Step-by-Step to Open an Ally Invest Robo Portfolio Account

The time needed: 3 minutes.

Getting started
- Download the app or visit the website.
- Submit your personal information, such as name, email, and password.
Select Robo Portfolios
- Share your investment goals and wait for a portfolio recommendation.
Fund your account
- Start with just $100.