Greenlight Investment Advisors provides investment advice to families in the U.S. through the Greenlight app. The app, owned by Greenlight Financial Technology, Inc., aims to help parents raise financially smart kids. Greenlight Advisors recommends ETFs based on a client's risk profile, determined by a questionnaire. Clients also have access to research from Morningstar. Alpaca Securities LLC and DriveWealth, LLC provide execution and clearing services. Greenlight Advisors does not offer legal or tax advice.
Fee Structure
Greenlight Investment Advisors charges a $0.02 monthly investment advisory fee for clients who register for the Investing for Parents Lite, Investing for Parents, or Investing for Kids account features offered through the Greenlight Core Plan, Greenlight + Invest Plan, Greenlight Max Plan, or any other future Card Plan. This fee is collected by Community Federal Savings Bank through monthly Card Plan subscription fees and remitted to Greenlight Advisors. The fee is only charged to the primary accountholder. The subscription fee structure may not benefit those clients who make few or infrequent trades or maintain small balances.