CleverAlpha Asset Management is a registered investment advisor that provides automated investment management services primarily through an interactive digital platform. CleverAlpha offers two tiers of digital services: a standard digital service that uses proprietary algorithms to manage client portfolios and automatically rebalance them, and a premium service that adds automated tax-optimization and asset location strategies across taxable and tax-advantaged accounts. Portfolios are constructed using exchange-traded funds based on the Capital Asset Pricing Model. CleverAlpha manages accounts on a discretionary basis, meaning the firm makes trades without needing to ask the client first. The firm requires all client accounts to be held at Charles Schwab & Co., and does not impose a minimum account size to open an account, though specific fee schedules apply based on account value and service tier.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $5K | Included |
| $5K+ | 0.25% |
Accounts from $0 to $5,000 are charged a flat $1.00 per month. Accounts over $5,000 are charged 0.25% per annum for the digital service, and up to 0.50% per annum for the premium tax-optimization service. Fees may be lower for accounts exceeding $1 million.