Accounts managed by Ally Invest Managed Portfolios are offered through our affiliate broker dealer, Ally Invest Securities, LLC.
Ally Invest Securities LLC clears and settles trades through Apex Clearing Inc., an unaffiliated clearing company. Ally Invest Advisors Inc. is an SEC-registered investment adviser. Both Ally Invest Securities and Apex Clearing are members of FINRA and SIPC.
If you have an Ally Invest Managed Portfolio account and want to learn about switching your portfolio or getting a portfolio with less cash holdings, call us at 1-855-880-2559.
Ally offers tax-optimized portfolios, which are typically suited for people who have investments in non-IRA taxable accounts, especially those in higher tax brackets. These portfolios include municipal bonds, an asset class that offers tax advantages through current income that’s exempt from federal income taxes and, in some cases, state and local taxes.
When you’re in our online application, select Taxable as your account type and check the box for tax-optimizing your portfolio. If you’re currently an Ally Invest Managed Portfolio customer and want to learn if your existing portfolio qualifies for the tax-advantaged program, call us at 1-855-880-2559.
Ally Invest Managed Portfolios are constructed using exchange-traded funds. Exchange-traded funds, or ETFs, are investments designed to track the performance of an index, such as the S&P 500. In its simplest form, an ETF provides many of the characteristics of a mutual fund, but trades like a stock on an exchange, meaning it can be bought and sold anytime during trading hours. Due to their structure, ETFs are low-cost, transparent, and tax-efficient, providing the ideal investment vehicles for Ally Invest Managed Portfolios.
No. There are no advisory fees, annual charges or rebalancing fees for our cash-enhanced portfolio, and 30% of your portfolio is set aside as an interest-earning cash buffer. All you need is $100 to get started.
If you don’t have a cash-enhanced portfolio, here’s what you should know about the advisory fee:
Fees are based on the daily total equity balance of the account
They’re calculated daily, prorated and aggregated for every calendar day, then billed monthly to your account
The fee is charged within the first 10 days of the month for the previous month, and all fees will be clearly noted on your monthly statement
If you want to switch to a portfolio with an interest-earning cash buffer instead of paying an advisory fee, give us a call at 1-855-880-2559.
We maintain cash in your account to provide diversification to your overall asset allocation. Our cash holdings earn a competitive interest rate that will help your investment growth and ensure peace of mind in a volatile market.
For the cash-enhanced portfolios, the cash we set aside earns a competitive variable interest rate and is meant to balance out potential risk should market conditions change. We'll rebalance and add more money to your other investments as your cash grows, but your portfolio will always have about 30% cash.
Core
Highly diversified across domestic, international and fixed-income assets. You can choose the amount of risk you are comfortable with, from conservative to aggressive.
Income
Ideal if you are currently near or in retirement. This portfolio type offers higher dividend yields, while maintaining a more conservative risk profile.
Tax optimized
Great for investors in higher tax brackets. If you make after-tax contributions to an investment account, this type of IRA can help maximize your investments.
Socially responsible
Shaped by companies with ethical track records, you’ll only invest in businesses that actively practice sustainability, energy efficiency or other environmentally-friendly initiatives.
Two options are available for each portfolio type:
Cash-enhanced with no advisory fee. 30% of your portfolio is set aside as an interest-earning cash buffer.
Lower cash allocation with advisory fee. There’s a 0.30% annual advisory fee for portfolios with less cash holdings.
If you want to change your portfolio type or switch to a portfolio with less cash, give us a call at 1-855-880-2559.
