El Menudo Cuenta (EMC) is an internet-based investment advisor that provides automated investment services through its mobile app. EMC offers various model portfolios based on different investment strategies and risk tolerances. EMC uses a software-based algorithm to match clients with suitable portfolios based on their investor profile. EMC does not provide overall financial planning, tax, accounting, or legal advice.
Fee Structure
EMC offers investment management through its mobile app for a monthly subscription fee, which covers trade execution, clearance, custody, and account reporting. There are three tiers:
- EMC Basic: $3/month for a single investment or retirement account and basic educational tools.
- EMC Plus: $5/month for up to three investment/retirement accounts, trust accounts, and more sophisticated educational tools.
- EMC Max: $8/month for unlimited investment/retirement accounts, trust accounts, and unlimited access to educational tools.
EMC is designed for individuals who make frequent recurring investments. The fee schedule may not be appropriate for those making few or infrequent small-dollar investments.