How much does it cost?
We charge a 0.5% annual fee of assets managed, which is divided up into monthly installments. Unlike other services, there are no underlying fund expense ratios or transaction fees. Our fee is less than 1/2 a traditional investment advisor, and 1/4 to 1/5th of comparable ‘green’ mutual funds. All transactions costs and the underlying expense of any ETF’s we use are covered by our fee. We will even reimburse you if your current account charges you for moving your IRA or assets over to OpenInvest.
OpenInvest is all about, well, being open. We charge one, low, transparency fee – that’s it.