Illuminate Advisers offers robo-advisory services through a wrap fee program that bundles investment advice, brokerage, custody, and administrative services for a single monthly fee. Clients can invest in either Guided Investing (model portfolios of ETFs and stocks) or Solutions Funds (thematic equity portfolios). Illuminate uses an algorithm to match clients to suitable portfolios, but clients can override this. Illuminate does not provide financial planning, tax, accounting, or legal advice.
Fee Structure
Illuminate Advisers charges a flat monthly subscription fee of $4.99, which includes a $0.10 advisory fee and a $4.89 program fee. This fee covers investment advisory services for both Guided Investing and Solutions Funds, as well as trade execution, clearance, custody, and account reporting. The advisory fee is waived for accounts with a $0.00 balance, but the total subscription fee remains the same. Fees are automatically debited from the client's designated bank account or payment method monthly.