Acorns Advisers, LLC is an automated investment advisor providing services through mobile and web applications. Acorns manages investment portfolios comprised of exchange-traded funds based on modern portfolio theory and client risk tolerances. The firm offers traditional investment accounts, individual retirement accounts, and custodial accounts for minors. In addition to standard model portfolios, clients can access environmental, social, and governance portfolios, bitcoin-linked exchange-traded funds, and custom portfolios for investing in fractional shares of individual equity securities. Acorns also provides automated money management features to split deposits across checking, savings, and investment accounts for eligible subscription plans. The firm operates as a wrap fee program, bundling advisory, brokerage, and custodial services into monthly subscription plans.
Fee Structure
Acorns Advisers, LLC charges a monthly subscription fee that includes both the advisory fee and program access. The subscription tiers are:
- Bronze Plan — $3 to $4 per month, including a $0.10 advisory fee
- Silver Plan — $6 to $8 per month, including a $0.10 advisory fee
- Gold Plan — $12 per month, including a $0.10 advisory fee and program features