Bloom Investment Advisors provides investment advice through its online platform, recommending publicly traded equities, ETFs, and cryptocurrencies based on a client's investment profile. The recommendations are generated by Bloom's proprietary algorithm. Clients maintain control over their investment decisions, as Bloom offers non-discretionary services. Clients open individual accounts with Alpaca Securities LLC, the custodian selected by Bloom.
Fee Structure
Bloom Investment Advisors does not directly manage investments. Instead, it provides recommendations for equities, ETFs, and cryptocurrencies through its online platform. Clients make their own investment decisions based on these recommendations. Bloom charges a fixed monthly subscription fee of $15 or an annual fee of $120. For accounts opened for minors or traditional brokerage accounts, the annual fee is $60.