Have you ever thought where the money you invest goes and what it supports? Have you considered making an investment not just for gaining profit but want to see it as an opportunity to make a positive impact through socially responsible investing practices?
If your answers are yes to the questions above you might want to know about Swell Investing. Basically, the company’s goal is to invest your money for impactful companies dedicated at making the world a better place and supporting environmental efforts for sustainability.
Read on to find out what sets Swell Investing apart from other robo investment advisers in this Swell Investing Review. Then you can make an assessment if this is the right robo advisor for you.
About Swell Investing:
About Swell Investing
Launched in 2016, Swell is an investment company based in Los Angeles and is backed by Pacific Life which is a company with 150 years of financial services experience.
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As an impact investing platform, Swell provides an investment option for investors who want to participate in SRI or Sustainable, Responsible and Impact Investing. It supports companies centered on clean water, disease eradication, healthy living, green technology, renewable energy and zero waste causes.
Swell uniquely allows investors to choose the portfolios they want to put their resources in and how much they would want to allocate for each of them. Best for hands-off investors and those who have fewer funds for investment, Swell provides an investment opportunity for starters with a minimum investment of $50.
How Does Swell Investing Work?
Swell serves as your investment advisor. It lets you select from available portfolios managed by the platform. To be a qualified Swell investor, you must be 18 years old or above and have a US citizenship or residency status.
You’ll be required to key in relevant information upon signing up. Then you pick for your preferred portfolios and connect your bank account. If you’re a Swell investor, you will own individual stocks rather than ETF’s or mutual funds. You won’t be paying for yearly expense ratios but you’ll have to pay for an annual fee amounting to 0.75% of your investment balance.
Swell requires an initial minimum account balance of $50. They won’t penalize you if market performance causes your account to dip below $50, but if you choose to withdraw an amount that will take your account below the minimum, they will ask you to either skip the withdrawal or close your account instead.
If all you ever do is put in your first $50, your annual fees will be approximately $0.37 ($50 x 0.0075= $0.37).
The Pros and Cons of Swell Investing
Following are the list of the advantages and drawbacks of Swell Investing worth considering.
The Pros of Swell Investing
The Cons of Swell Investing
Swell Investing Summary
If your goal is to invest with a cause and you don’t have huge investment funds available at your disposal, Swell Investing can be one of the best options for you. But if you are looking to invest in more diversified portfolio Swell may not work well for you.
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