1st Discount Brokerage (1DB) offers online investment advice and manages portfolios for individuals, including high net worth individuals, through its digital platform. The platform uses model portfolios based on a client's risk tolerance, investing in ETFs, mutual funds, individual stocks, and cash. 1DB manages accounts on a discretionary basis, considering client objectives, risk tolerance, time horizon, and liquidity needs.
Assets Under Management$110M
Clients219
Advisors8
Avg. per Client$490K
Avg. per Advisor$14M
Fee Structure
Minimum Investment:$5K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
The Program Fee includes advisory services, trading commission, clearing and execution, and account reporting. A portion of the advisory fee (currently 0.07% of assets under management) is paid by us to Apex Clearing Corporation for clearing services.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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