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A robo-advisor invests your money for you in a ready-made mix of funds and rebalances it automatically, usually for a small yearly fee (a percentage of your balance) or a flat monthly fee. Fund expenses are extra. Here's what each one says it charges, the minimum to start, and whether it offers tax-loss harvesting (selling losers to cut your tax bill, useful only in taxable accounts).
M1 portfolios are built and automated by you (self-directed), not managed by an adviser.
Source: M1 page (checked 2026-10-12)
Here are the facts we could confirm on M1's own page (2026-10-12): advisory fee: No management fee on self-directed accounts; $3/month platform fee, waived over $10,000; minimum to start: not found; tax-loss harvesting: not found; cash account apy: High-Yield Cash: 3.35% APY. Whether it's good for you depends on what you need; compare it with the alternatives listed.
From M1 page (checked 2026-10-12). “not found” means the page didn't state it.
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.