Webull Smart Advisor / Robo-advisor Help to Grow Your Investments

Webull Smart Advisor review quick take: Robo-advisor makes it easy to build your investment portfolio with low-cost ETFs without advisory fees.

What is Webull Smart Advisor?

Webull Smart Advisor is a robo-advisor that offers automatic and customized investing for users based on their risk tolerance levels. With Smart Advisor, algorithms provide financial guidance and portfolio management instead of a human advisor, lowering the investor’s costs.

In contrast to the Webull stock app (where you actively invest and trade), Webull Smart Advisor takes the reigns and creates an investment plan according to your risk tolerance, time horizon, and financial goals. Your investments will include low-cost ETFs.

Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for cash claims).

Set your investing on autopilot. Click here.

What is a robo-advisor?

A service that can develop a portfolio on your behalf using the information you provide about your investment needs. Your personal needs, such as your financial goals and risk tolerance, will be measured to suggest an investment portfolio using algorithms. This self-guided service provides wealth management and financial advice, as well as streamlining the investment process without the expense of traditional human advisors.

How Webull Smart Advisor Works

For the robo-advisor to build you a portfolio of diverse products, you will need to fill out a questionnaire. This questionnaire will ask about your willingness to take on risk, investing knowledge, and investing experience. It provides six different diversified portfolios, primarily made up of ETFs. Your customized portfolio is automatically generated based on your risk assessment result.

This is how it works:

• Answer questions about your financial goals and time horizon to determine your risk tolerance.
• Fund your account and start with $100.
• Allow the robo-advisor to manage your investments.
• Invest once or set up recurring deposits to grow your portfolio.
• Log in to your account to view, track, and manage your portfolio.

Start your investing with the help of robo-advisors today.

Key Features

Webull Smart Advisor features include:

• Low Minimum Balance: Start with $100.
• Goal planning: Set personalized goals, track progress, and get closer to your objectives: Build wealth, plan for retirement, save for education, save for emergencies, save for a downpayment, save for anything else.
• Auto rebalancing: Your investments are automatically adjusted to ensure your portfolio stays aligned with your target allocation.
• Diversification: Automated investing diversifies your portfolio to allocate money across different ETFs.
• Autopilot: Set the schedule for recurring investments in your funds.

The program automatically adjusts your investments, allowing you to participate actively in the market.

Fees

• Management fee: 0.20%

Advisory fees are calculated daily based on the account balance at an annualized rate of 0.2% and deducted monthly.

Pros and Cons

Pros

• Easy and intuitive mobile app
• Low-cost ETFs
• Diversification and auto rebalancing

Cons

• No tax-loss harvesting
• No mutual funds
• No access to human advisors

Who is it best for?

Webull Smart Advisor is best for investors who want a hands-off approach and want their portfolios managed.

Open an account and let the algorithms do the work.

Webull Smart Advisor Review

Webull Smart Advisor is a legitimate service and not a scam. The robo-advisor service is best for individual investors who want their portfolios managed using algorithms to keep costs low.

In researching Webull Smart Advisor reviews, we found the app has an excellent rating of 4.7 out of 5-star rating in the App Store with over 300,000 reviews. However, it has a poor rating of 1.4 out of 5 on Trustpilot, with over 200 reviews.

It’s simple to get started. If you’re a current Webull stock app user, setting up your Smart Advisor account takes just a few minutes. Answer the questionnaire, and the algorithms will determine your risk profile and suggest investment options.

Get Started with Smart Advisor.

How to Start Using Webull Smart Advisor

Minimum Requirements

• At least 18 years old
• Reside full-time in the United States

Step-by-Step to Open Webull Smart Advisor Account

The time needed: 3 minutes.

1. Getting started
   • Download the app or click this link.
2. Select Automated Investing
   • Answer the questionnaire to identify your goals and determine your risk level.
3. Review and fund your account
   • Choose your goals
   • Review your target allocations
   • Add money to your new account
4. Wait for approval
   • It will take 1-3 days to approve your Smart Advisor account.

Webull Smart Advisor Alternatives

Alternatives to Webull Smart Advisor include Betterment, SoFi Automated Investing, Stash Invest, and Acorns.

Visit the marketplace to find more robo-advisor services.