{"id":22056,"date":"2021-09-13T09:38:14","date_gmt":"2021-09-13T16:38:14","guid":{"rendered":"https:\/\/financer.com\/?post_type=company_single&p=22056"},"modified":"2024-05-22T09:11:37","modified_gmt":"2024-05-22T16:11:37","slug":"invest","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/sofi\/invest\/","title":{"rendered":"SoFi Invest"},"content":{"rendered":"\n

SoFi Invest is a robo-advisor<\/a> that is ideal for investors that are just starting out. There are no management fees and you have access to low-cost ETFs (exchange-traded funds).<\/p>\n\n\n\n

As a low-cost robo-advisor<\/strong>, SoFi Invest offers access to real-life financial advisors and this is a benefit that most other robos don’t provide.<\/p>\n\n\n

Get started with just $1<\/a><\/div>\n\n\n

How We Rate SoFi Invest<\/h2>\n\n\n\n

At Financer.com, all brokers go through a thorough research and review process. Here’s how we rate SoFi Invest:<\/p>\n\n\n\n

Category<\/th>Rating<\/th><\/tr><\/thead>
Investment types<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Sign-up process<\/td>\u2b50\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Fees<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Transparency<\/td>\u2b50\u2b50\u2b50<\/td><\/tr>
Customer support<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Overall<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
<\/div>

Do We Recommend SoFi Invest?<\/h3>Yes, we recommend SoFi Invest as a reliable robo-advisor. Skip to our full review below and see how we rate SoFi Invest<\/a>.<\/div>\n\n\n

Here’s what we’ll cover in this review:<\/h3>\n\n\n\n\n\n

Want to skip the details? Jump to our final verdict here<\/a>.<\/p>\n\n\n\n

Are high broker fees eating your profits?<\/h3>

Save $500+ annually by choosing the right stock broker.<\/p>

See the best stock brokers<\/a><\/p><\/div>

SoFi Invest Overview<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Here’s a quick summary of SoFi Invest:<\/strong><\/p>\n\n\n\n

Overview<\/th>Features<\/th><\/tr><\/thead>
Loan type:<\/strong><\/td>Personal loans<\/td><\/tr>
Loan amount:<\/strong><\/td>$500 – $35,000<\/td><\/tr>
Loan term:<\/strong><\/td>Up to 72 months<\/td><\/tr>
APR<\/strong>:<\/td>From 5.99%<\/td><\/tr>
Min. credit score:<\/strong><\/td>None<\/td><\/tr>
Monthly fees:<\/strong><\/td>None<\/td><\/tr>
Payout time:<\/strong><\/td>One business day<\/td><\/tr>
Weekend payout:<\/strong><\/td>No<\/td><\/tr>
Requirements:<\/strong><\/td>At least 18 years old
U.S. citizen
Active bank account
Regular income
Valid phone number and email<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

SoFi Invest Pros and Cons<\/h2>\n\n\n\n

Here are some of the pros and cons of SoFi Invest as a robo-advisor:<\/p>\n\n\n

Pros<\/h3>