M1: Investing & Banking 2024.4.1

M1: Investing & Banking 2024.4.1

M1 Finance LLC – Freeware – Android iOS
out of 60354 votes
Latest Version
2024.4.1
Safe to install

M1: Simplifying Your Investment and Banking Experience

Elena Angelini

M1 offers an innovative platform that combines investing and banking, making it easy for users to manage their finances in one place.
2025 Editor's Rating
EXCELLENT User Rating

M1 is a finance platform that offers a range of features to help you build and manage your wealth effectively. With over $6.5B in assets and the trust of hundreds of thousands of investors, M1 is a reliable choice for your financial needs.

  • Invest: M1 provides various account options, including individual, joint, trust, custodial, Traditional, SEP, Roth IRA, and 401(k) rollover accounts. Their intuitive Pies interface allows you to choose stocks and ETFs, and their automated tools handle the buying and selling process for you. You can also benefit from pre-built Expert Pies that align with your values, risk tolerance, retirement plans, and more. Additionally, fractional shares enable you to invest as little as one dollar for increased flexibility. M1 Plus subscribers enjoy exclusive features and perks for just $10 per month after the free three-month trial period.
  • Borrow: M1 Margin Loans offer an easy way to borrow against your investments. With rates ranging from 7.25% to 8.75%*, you can access funds in minutes for increased liquidity without selling off your securities.
  • The Owner's Rewards Card: Earn cash back with the Owner's Rewards Card and choose whether to reinvest it or use it as you wish. Standard rewards are set at 1.5%, but M1 Plus subscribers can earn anywhere from 1.5% to 10%.
  • Crypto: M1 now allows you to invest in cryptocurrencies such as BTC and ETH. You can easily incorporate crypto into your long-term investing strategy by automating investments in custom pies, all without any commission fees.

Account protection is important, and M1 Finance takes it seriously. As a member of SIPC, your securities are protected up to $500,000. Additionally, all M1 High-Yield Savings Account deposits are FDIC insured up to $5 million.

For more details on fees and disclosures, refer to the M1 Fee Schedule and disclosures.

M1 Holdings Inc. and its affiliates comprise M1, a technology company offering a wide range of financial products and services. These include M1 Finance LLC and M1 Spend LLC, which are wholly-owned operating subsidiaries of M1 Holdings Inc.

Opening an account with M1 requires you to be 18 years old or older and a resident of the United States. M1 Plus is an annual membership that provides benefits for products and services offered by M1 Finance LLC and M1 Spend LLC.

Please note that brokerage products and services offered by M1 Finance LLC are not FDIC insured, not bank guaranteed, and may lose value. Additionally, M1 is not a bank; it is a technology company. M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc., and its High-Yield Savings Accounts are provided by B2 Bank, NA, Member FDIC.

The Owner's Rewards Card by M1, powered by Deserve and issued by Celtic Bank, is not available for US Territory Residents. For more information about the card, please review the Cardholder Agreement and Rewards Terms.

Lastly, all product and company names mentioned in this review are trademarks™ or registered® trademarks of their respective owners. Their use does not imply any affiliation with or endorsement by them.

© 2023 M1 Holdings Inc.

App distributed by: M1 Finance LLC; 200 N LaSalle St., Ste. 800; Chicago, IL 60601; United States

Overview

M1: Investing & Banking is a Freeware software in the category Business developed by M1 Finance LLC.

The latest version of M1: Investing & Banking is 2024.4.1, released on 04/04/2024. It was initially added to our database on 09/11/2023.

M1: Investing & Banking runs on the following operating systems: Android/iOS.

Users of M1: Investing & Banking gave it a rating of 5 out of 5 stars.

Pros

  • Consolidated platform for investing and banking needs
  • Fractional shares enable users to invest in expensive stocks with minimal capital
  • Automated investing feature simplifies portfolio management
  • No commission fees for trades and account maintenance

Cons

  • Limited investment options compared to some competitors
  • May not be ideal for advanced traders due to simplicity of platform
  • No physical branch locations for in-person support

FAQ

What is M1: Investing & Banking?

M1: Investing & Banking is a comprehensive platform offered by M1 Finance LLC that allows users to manage their investments and banking needs in one place.

How does M1 Finance's investing platform work?

M1 Finance uses a proprietary 'pie' investing approach, allowing users to create a diversified portfolio by selecting stocks and ETFs, which are then allocated based on user-defined percentages.

Is there a minimum deposit required to start investing with M1?

Yes, there is a minimum deposit requirement of $100 to open a brokerage account on M1 Finance.

What banking features does M1 offer?

M1 offers a checking account with features such as no monthly fees, ATM access, and the ability to earn interest on cash held in the account.

Are there any fees for using M1 Finance?

M1 Finance has no trading commissions and no account management fees, but there may be fees associated with margin trading or other specific services.

Can I use M1 for retirement accounts?

Yes, M1 offers traditional and Roth IRA accounts that allow for tax-advantaged retirement investing.

How does automatic rebalancing work in M1?

M1 automatically rebalances your portfolio by adjusting the allocations back to your set targets when you deposit funds or if there are significant changes in stock prices.

Can I buy fractional shares through M1?

Yes, M1 allows users to buy fractional shares of stocks and ETFs, which enables investing in companies without needing to purchase whole shares.

Is M1: Investing & Banking available on mobile devices?

Yes, M1 Finance provides a mobile app that allows users to manage their investments and banking on the go.

How can I contact M1 Finance customer support?

You can contact M1 Finance customer support via their website's help center, through email, or by using the chat option in the app.


Elena Angelini

Elena Angelini

I'm Elena, your go-to software reviewer at UpdateStar and tech enthusiast. Whether you're a user seeking the latest software titles or software news I've got you covered. When I'm not diving into the latest software, you can find me exploring nature trails, camping under the stars, or competing in online multiplayer games. My reviews are designed to be fun, engaging, and packed with all the details you need to make informed decisions.

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