Accounts managed by Ally Invest Advisors Inc. 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.
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Ally Invest Advisors Inc. offers the following variety of account types:
- Individual
- Joint
- Custodial
- Traditional IRA
- Roth IRA
- Rollover IRA
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There’s no minimum deposit required to open a self-directed brokerage cash account. Self-directed brokerage margin accounts require a $2,000 minimum deposit. Managed Portfolio accounts require a $100 initial minimum deposit.
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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.
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We offer four different portfolio types.
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.
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As a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at 1-202-371-8300 or visit www.sipc.org.
Our clearing firm, Apex Clearing, has also purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $150 million. This insurance is provided to pay amounts in addition to those returned in a SIPC liquidation proceeding. It’s limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $37.5 million, including cash of up to $900,000. Like SIPC protection, it doesn’t protect against a loss in the market value of securities.
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Most foreign citizens with a valid Social Security number who legally reside in the United States full-time may open an Ally Invest account.
All customers, including United States citizens, must be living in the United States to open an Ally Invest account, though we may make exceptions for active military personnel stationed abroad.
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