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A budget-friendly robo-advisor with automatic rebalancing and tax-loss harvesting at just 0.24% annually—great value but limited customization.
Axos Invest (formerly WiseBanyan) offers automated investing at just 0.24% annually—significantly cheaper than Betterment (0.25%) and Wealthfront (0.25%) for basic portfolios.
Your portfolio is built from low-cost ETFs based on your risk tolerance and goals. The platform handles rebalancing, dividend reinvestment, and tax optimization automatically.
With only a $1 minimum to start, it's accessible to complete beginners looking to start investing with small amounts.
Tax-loss harvesting is included at no extra charge—a feature competitors often reserve for premium tiers or higher account balances.
The system automatically sells losing positions to offset gains, then reinvests in similar (but not identical) funds to maintain your target allocation.
This can improve after-tax returns by 0.5-1% annually for taxable accounts, making it a meaningful benefit.
Axos Invest offers 5 pre-built portfolios ranging from conservative to aggressive, constructed with diversified ETFs.
Portfolios include domestic stocks, international stocks, bonds, and real estate exposure through low-cost index funds.
You cannot customize which ETFs are included or exclude specific sectors—it's a set-it-and-forget-it approach.
Beyond robo-investing, Axos offers self-directed trading accounts with $500 minimum. Trade stocks and ETFs commission-free.
However, the trading platform is basic compared to Fidelity or Schwab. Limited research tools, no options trading, and fewer features.
Most users are better served by the robo-advisor or using a different broker for self-directed trading.
Axos Invest integrates seamlessly with Axos Bank, offering high-yield checking and savings accounts.
Move money easily between your investment account and banking products. Useful for emergency funds and cash management.
The bank accounts are FDIC insured and offer competitive rates, making Axos a potential one-stop financial solution.
The biggest drawback is limited customization. If you want to exclude certain sectors, add specific funds, or have any control over holdings, look elsewhere.
No human advisors are available—it's purely algorithmic. For personalized guidance, Betterment Premium or traditional advisors may be better.
The platform is smaller and less established than competitors. Customer support is limited to business hours via phone and email.
Transparent breakdown of all fees you might encounter.
| Fee Type | Cost |
|---|---|
| Advisory Fee | 0.24% annually |
| Account Minimum (Robo) | $1 |
| Account Minimum (Trading) | $500 |
| Stock/ETF Trades | $0 |
| Tax-Loss Harvesting | Included |
| Rebalancing | Included |
| DRIP | Included |
| Human Advisor | Not available |
Low 0.24% fee and $1 minimum make it accessible for new investors.
Automatic rebalancing, DRIP, and tax-loss harvesting with no effort required.
Seamless integration if you already bank with Axos.
Axos Invest delivers solid robo-advisor functionality at a very competitive 0.24% annual fee. Tax-loss harvesting and automatic DRIP make it appealing for long-term, hands-off investors. However, the lack of customization and human advisor access limits its usefulness for more sophisticated investors. It's a good choice if you want basic automated investing at low cost, but Wealthfront and Betterment offer more features for slightly higher fees. For dividend investors specifically, M1 Finance offers similar automation with more portfolio control at no advisory fee.
Compare All PlatformsSee how Axos Invest stacks up against the competition
More features and human advisor access at 0.25% (slightly higher).
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