Axos Invest offers automated investment advice through its website and mobile apps. Clients complete a questionnaire to determine their financial situation, goals, and risk tolerance. Based on this, Axos Invest recommends an asset allocation and investment model. Clients can choose from core and thematic models, including those with mutual funds, exchange-traded funds, and even bitcoin ETFs. Axos Invest also uses third-party model managers. The firm focuses on diversification and risk management.
Fee Structure
Axos Invest charges a fee for managing your investments, called a Model Fee. This fee covers the cost of asset allocation and the investment portfolio itself. The Model Fee includes brokerage commissions and transaction fees. The fee is calculated quarterly based on your average daily balance. There is also a $40 minimum annual account fee, charged quarterly ($10 per quarter). If your Model Fee is less than $10 in a quarter, Axos Invest will charge you the difference to meet the minimum.