Silo Financial provides automated investment advice through an online platform. The firm uses algorithms to create customized portfolios based on a client's financial situation and risk tolerance. Clients can also search and invest in securities on the platform in a self-directed fashion. Silo's investment options are limited to fixed income securities, treasury inflation protected/inflation linked bonds, exchange-traded funds, and NASDAQ/NYSE equities.
Fee Structure
Silo Financial provides robo-advisory portfolio management services without charging any fees, except for the Silo Cash Back Program. Clients are responsible for third-party fees and commissions charged by Interactive Brokers.
The Silo Cash Back Program offers premium benefits such as 0.5% to 1% cash back, paid in monthly installments. Clients also receive concierge support services. To be eligible, clients must opt in and subscribe to the monthly fee.