Interactive Advisors provides an online platform where clients can invest in portfolios managed by third-party managers or portfolios designed by Interactive Advisors. Services are limited to investment management, with some free software-based financial planning tools. Clients should be comfortable with online interactions and electronic document delivery. The platform may not be suitable for those needing frequent account reviews, very short/long investment horizons, or complex financial situations.
Fee Structure
Interactive Advisors charges an annual management fee based on the market value of assets invested in portfolios. The fee varies depending on the portfolio chosen and the amount invested.
- Manager Portfolios: Fees range from 0.25% to 0.75% annually. Interactive Advisors keeps 0.25% and pays the rest to the portfolio manager.
- Interactive Advisors Portfolios: Fees range from 0.10% to 0.20% annually.
- Smart Beta, Asset Allocation, and Socially Responsible Investing Portfolios: 0.20%
- Index Tracking Portfolios: 0.20% (half goes to index providers)
- WisdomTree and SSGA ETF Portfolios: 0.10%
Fees are calculated daily and charged monthly in arrears. Clients may be able to contract directly with the Portfolio Managers outside of the platform at lower fees.