Beanstox offers automated investment advice through its app, providing individual investors with cost-effective ways to invest in U.S. and international equity and bond markets using exchange-traded funds. Beanstox offers three investment plans: Simple, Plus, and Premium, with varying account options and subscription fees. Beanstox does not provide overall financial or tax planning advice; the information provided is educational and not personalized.
Fee Structure
Beanstox offers three plans with different monthly subscription fees:
- Simple: No fee for Stocks 500 and Power Savings accounts (self-directed).
- Plus: $5/month for Wealth Builder, Stocks 500, and Power Savings accounts. This includes $0.10 for advisory services and $4.90 for access to the Wealth Builder account, educational content, and non-advisory services.
- Premium: $10/month for Traditional IRA, Roth IRA, Wealth Builder, Stocks 500, Power Savings, Bitcoin, and Gold accounts. This includes $0.10 for advisory services and $9.90 for access to Wealth Builder and IRA accounts, educational content, and non-advisory services.
These fees cover advisory services, custody, account maintenance, and trade execution commissions (except for foreign exchange or third-party asset fees). Beanstox is designed for clients who intend to make frequent recurring deposits and grow their investments over time. The Subscription Fees may not be appropriate for clients looking to make infrequent small-dollar investments.