Frequently Asked Questions

A person can utilize an investment advisory service only if the person has the resources for making investments. If the person has the resources, the person’s investments will ultimately depend on discipline to save and invest those resources instead of spending them. A person with savings to invest should consider some of the advantages of money management by a robo-advisory service and different kinds of investment advisers, and should consider other alternatives such as working with a broker. In our case, we are a robo-adviser, offering U.S. residents at least 18 years of age the opportunity to conveniently invest in a diversified portfolio of ETFs which are suited to their goals and circumstances. Funds are held in separately managed accounts that are invested in a portfolio customized for the client’s goals with balance and diversification across sectors and numerous individual positions in ETFs which are also themselves diversified securities. Wealthdoor Invest allows accounts to be opened with no minimum investment amount and no limit on the investment amount. Other investment advisory services have various different rules and conditions. We make investment decisions and place all trade orders on each client’s behalf. We do this because we have discretionary authority over all accounts. Practices vary among investment advisers, some commingle fund in one master account, some accept trading instructions from clients, and some have discretionary authority to manage funds. Brokers most often act only with a client’s instructions. Brokers in some cases act with discretionary authority. We have made arrangements with a broker that we use for all trades, and the broker offers commission-free trading for the most part, although clients’ accounts are charged the required regulatory fees. Investment advisory services also differ in how they work with brokers. In most cases including our case, the fees of brokers are charged in addition to investment adviser fees; or in other cases the adviser fees and broker fees are to bundle together as a wrap fee. Robo-advisory services are fully-automated. Humans will not interview you or discuss investments with you. Our robo-advisory services could provide a convenient means to invest funds for a particular goal. Our robo-advisory services do not provide you an overall financial plan, but rather a plan for the particular investment you intend to make. Investment advisory services widely differ in respect to how they render advice. Our fee is a simple fixed amount of $10 to open an account, a minimum of $10 per month regardless of the account size. Accounts of $10,000 or more are charged an asset-based fee of 1/12th of one percent (1%) of average account value as of market close over that month. We do not receive any other compensation from clients or others for our investment advisory services. Other investment advisory services have various ways of charging for their services. Some other investment advisers earn money by introducing clients to a broker or custodian, which we do not. Some other investment advisers earn money based on trading volume or deal flow, which we also do not. If you have money you want to invest, want a diversified customized portfolio of investments suitable for you, built by our app, and if you can afford th to pay the account fee and costs, our robo-advisory services may be an attractive choice for you. These are some reasons to consider: Convenience: You will have convenient, instant portfolio access through your smartphone or tablet. Affordability: Our monthly fees of $10 or 1/12th of one percent of average account value, whichever is larger, may be attractive compared to typical charges of some traditional financial advisors, some of which charge a larger minimum fee or larger percentage of assets under management. No Minimum: We have no account minimums, meaning you can start investing with a small amount of money. However, please do so understanding that the smaller an account balance is, the larger the fixed monthly fee would be in relationship to the assets. For the accounts less than $10,000, one year of fixed fees will exceed 1% of the assets. For accounts less than $4,000, one year of fixed fees will exceed 3% of the assets. Expected returns on small accounts cannot be expected to justify incurring costs in the form of a fixed minimum monthly fee; however, if you have an independent reason, such as a desire to test the waters, to investigate various facts and conjectures before putting more funds at risk, or to obtain information in our platform for other purposes, and you decide a $10 fixed monthly fee is worthwhile, we do not apply any minimum account requirements. Automated & Hands-Off Investing: We streamline the investing process. You would typically answer a few questions, and the algorithm will build and manage a diversified portfolio for you. Time-Saving: The robo-adviser automatically handles investment research and portfolio monitoring. Emotion-Free Investing: Robo-advisers do not panic during market downturns or chase hot trends. Diversification: Our robo-adviser builds well-diversified portfolios using low-cost Exchange Traded Funds (ETFs). Rebalancing: We automatically rebalance portfolios in a tax-efficient and cost-effective way.