I wanted to give my input on what's it's been like to use SoFi Money/Invest exclusively for the past month and a half. As you fill up the account, SoFi would show your % complete towards the goal. The Offer. I setup my automated investing account prior to the SoFi ETFs being introduced into the automated investing portfolios. SoFi has updates coming out all the time. Outside of fractional transactions, on the surface, trading with SoFi … Customer support is everything when dealing with people's money and SoFi has some work to do. maybe?). Good news my at that point, 4-day Twitter war was at least on their radar. The idea here would be that SoFi functions like Motif or M1. Some background....I wanted to see what the process/workflow was for their loan process. Anyone can be a smarter investor with news updates and more—all in the SoFi app. Neither account has commissions or management fees. For self-direct trades, Reddit users report that share … Ironically I had to de-escalate her myself (I've worked in CX call support before... but a bit surprising I as a customer have to calm a rep down. - Made Twitter post complaining about check deposit, before I hard reset it. The base cost is $0 for anyone with an existing SoFi loan or anyone with less than $10,000 in assets invested at SoFi. This appears to be working, both in high-end hotels as well as nightlife establishments, where the fees can be rather high. All buy and sell orders are currently market orders, no support for limit orders yet. - Call in and person on phone says he doesn't know why my account was locked but that a lot of people were calling in with same issue... lovely. I am specifically looking for somewhere to keep my cash + a long term investment platform. I'll check this out over the next couple of weeks and report back. Opening an account was very straight-forward, and funding the account was even easier. … On the plus side, they cancel accounts and transfer funds out ASAP. What is Invest, exactly. I operate a single-member LLC for my real estate investments/property management, and I would love to ditch my brick & mortar. Now, as it turns out, SoFi is more than a lender, it’s also an advisory firm, known legally as “SoFi Wealth, LLC, an SEC Registered Investment Advisor,” and also a brokerage called, “SoFi Securities LLC, and affiliated broker-dealer registered with the Securities and Exchange Commission.” (SoFi… I was more concerned about actually using the product. No tax-loss harvesting: Tax-loss harvesting is an investment strategy that aims to strategically sell investments that have lost money and then replace them with something similar to reduce the taxes on your gains.Some robo-advisors include this strategy, but SoFi Automated Investing does not. I’m looking for a free service that does this. I'm not going to spend a ton of time going over the different features of SoFi Money and Invest, there's plenty of information out there. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. I saw VOO on there, but not specifically VTSAX. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. I haven't had any issues moving money into or out of the SoFi Money account, other than the long deposit times. Rule 606 Order Routing. All in all, SoFi Money has been exactly what I expected. No automated investing. You're not dealing with college kids and student loans with Money/Invest, you're dealing with successful working professionals who have a level of customer support they expect from the company they trust with their money. Although, the SoFi S&P 500 (SFY) appears to be following the same trend as my Vanguard (VOO) investment. Brick and mortar barely adds features or innovates. I finally used the "Email the CEO" link and provided feedback. Recommended. Requires a referral, share your referrals in this linked post SoFi is offering a $100 bonus when you open a new SoFi Securities LLC active brokerage account and … - Post on Twitter and all they would tell me was it would take 7-10 business days and would no longer respond to any of my other questions. SoFi offers some of the best, most transparent pricing in the industry. Not a huge deal as I typically use credit cards for larger purchases, but still something to keep in the back of your mind if you have large amounts you need access to in SoFi Money. Press question mark to learn the rest of the keyboard shortcuts. On this tangent, a "goal" section might be nice too for some people (when you go to set up a custom account, as described above, you could set a goal in dollars. How long did transfers take? I sent an email to my "loan officer" that was listed on one of the loans I walked through to have him close it thinking that may take it off the Home screen. Additionally, retrieving the account number and routing numbers for my account has been a breeze. I think their CEO has a good vision for the company. [SoFi-Banking] Business accounts. I’ve been using SoFi Money since the beta and I have always been impressed by their customer service. This is a little rough IMO. Call it whatever you'd like, but a loan application was never submitted. SoFi Invest charges zero trading fees to buy and sell Stocks Bits—so the money you invest is 100% invested. I went ahead and enrolled and started the transfer process anyway, but I'm a little concerned about only having automated and being forced to use the SoFi ETFs when there is no real history for those to look at. Hold times? Sofi 50: Includes the top 50 widely held stocks on the SoFi Invest platform. Transfers from SoFi Money to SoFi Invest were immediate. Transfers from SoFi Money to SoFi Invest were immediate. They get back to me wicked fast. Active trading and automated investing are the two types of … Lastly, soon after my own Sofi Money story ended, another customer started retweeting all my Twitter posts and after talking to him he was having the same exact issue, and looking at the Tweets and Replies on @sofi and @sofisupport, I see plenty of other people who have same issue and worst, some are past the 10 business days stated. Otherwise there’s a charge). Buy and trades stocks and ETFs. Make sure to follow these rules or your link will be removed: DO … One option available is SoFi Invest. Overall, I’m quite happy as a SoFi member. This review will delve into the SoFi Automated Investing robo-advisor and the other SoFi Invest … Again, since no notification of an account restriction in app or online, it's a very confusing customer experience. I’m on the second time. However, they need to get our of their own way and provide a support experience that matches their vision. You choose your risk level and deposit money. SoFi Money: SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. "Holiday Spending", "Vacation", etc.). So any hacker accessing the account will have ready and immediate access to the external account via SoFi. SoFi also hosts events about once per quarter depending on your location (larger cities only... eg Chicago, LA, San Diego, NYC, Boston, Minneapolis, etc). The idea here would be that we could move our money into these accounts so that we could see funds in separate buckets. I didn't want to ding them on it because I know Money and Invest are relatively new products that will be fleshed out as time goes on. Active Investing with SoFi makes it easy to get started investing in stocks and ETFs. Can't really tell from the SoFi website. Again no info and didn't bother to ask to be transferred this time since I didn't feel like getting yelled at again, but they obviously knew who I was considering phone person let slip that "like they mentioned in my social media post" it would take 7-10 business days. This is all done on the back end so you will never notice it (you have one account number and you contact SoFi when you need things). The other potential problem I see down the road are withdraw limits. Glad to see SoFi resolved this, even if the response times weren't up to par. SoFi invest recently introduced fractional shares, but only for a limited range of securities. By contrast, SoFi Invest automated investing is a robo-advisory service where SoFi Invest handles your investments. Fractional share investing, like Stock Bits, makes it easy to invest … SoFi also has an investing platform called SoFi Invest, budget tracking called SoFi Relay and different insurances — including life, renters, and auto — through SoFi Protect. I also tested to see if my account was indeed restricted just in case the email was just accidentally sent, and confirmed anything I tried to do would just error out telling me to contact support. I didn't mind that, and said they could call me any time 8am to 4pm EST. The longer the track record of any company, the more proof we have that it has successfully survived previous financial crises. I knew that already but was still hoping they got more info. I've tried out the instant ATM reimbursement features too. … All in all, I think SoFi has the best platform out there for people who are looking for a holistic approach for managing their money. Also this was Friday afternoon, and he said team that does those security reviews is gone for the day, management won't know why, and also the team that does reviews does not work weekends. I'd like to see this option given to the end user. Missing some account options: While SoFi … It also offers both individual and joint taxable brokerage accounts. 1) Automated Investing—The Automated Investing platform is owned by SoFi Wealth LLC, an SEC Registered Investment Advisor (“Sofi Wealth“). Like seriously I think I had my funds back in my Chase account faster than it going in. The allocation between stocks and ETFs sofi investing reddit of no interest someone on their support somehow. To my automated investing, with numerous reports of satisfactory returns or changing the allocations old.. Orders are currently market orders, no response Invest is an automated and active.... 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