SoFi Robo Investing review

SoFi Robo Investing is the automated side of SoFi's investing app, offered through SoFi Wealth. You answer questions about your goals and risk tolerance and get a diversified portfolio that SoFi manages for you, with a $50 minimum to start. Automated Traditional and Roth IRAs are available, and every member can book an introductory 30-minute session with a SoFi Financial Planner, while unlimited sessions come with a SoFi Plus upgrade. The main appeal is convenience: if you already bank with SoFi or use its Active Investing account for individual stocks, the managed portfolio sits in the same app. We could not load SoFi's robo fee page from our location, so the advisory fee is marked pending here and you should confirm it on SoFi's US site before you open an account. SoFi also publishes fewer details about portfolio construction and tax features than Wealthfront or Betterment do, which keeps it out of the top tier.

Who it is for

SoFi members who want a managed portfolio next to their banking and active trading accounts.

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Diversified portfolio automatically managed from your goals and risk tolerance
• $50 minimum to start
• Automated Traditional and Roth IRAs
• Intro 30-minute session with a SoFi Financial Planner
• Sits in the same app as SoFi Active Investing and banking

Strengths and weaknesses

• Strength: Low $50 minimum
• Strength: Everything in one app with SoFi banking
• Strength: Access to financial planners
• Weakness: The robo fee page could not be checked from our location, so the price is pending
• Weakness: Unlimited planner sessions need a SoFi Plus upgrade
• Weakness: Fewer published portfolio details than larger robo advisors

Key facts

• Minimum to start: $50
• Accounts: Taxable, Traditional and Roth IRA
• Planner access: Intro 30-minute session
• Provider: SoFi Wealth LLC
• Advisory fee: See vendor pricing (USD check pending)

Where it ranks

SoFi Robo Investing is No. 6 in our Best Robo Advisors verdict.