M1 Reviews

Summary of a Reddit post

They like M1 and treat it as a long-term target-allocation tool, happily using the rebalance button and steady deposits so buys average in over time rather than chasing winners.

Summary of a Reddit post

They use M1 alongside Robinhood and love building pies that auto-invest from recurring bank deposits, but dislike the limited trade windows and target-weight buying instead of fixed recurring amounts.

Summary of a Reddit post

They used M1 with percentage-weighted pies but disliked that new money only went to whichever holdings were under target, feeling it favored their weakest stocks and skipped the winners.

Summary of a Reddit post

Loves the pie investing, finds customer service good and trading easy, though losing the M1 credit card turned cashback investing into a three-step process.

Summary of a Reddit post

Money pulled from their bank account three months ago still has not reached the investment account, and they report bad customer service.

Summary of a Reddit post

No problems so far using it as main checking and for the pie-based investment accounts, though they keep a brick-and-mortar checking account as an emergency backup because support is slow when accounts are locked.

Summary of a Reddit post

They were charged both a retirement account closing fee and an outgoing ACAT transfer fee on each of two M1 accounts when leaving for Fidelity, and only later got the fees reimbursed by Fidelity.

Summary of a Reddit post

They hold a Roth IRA at M1 and enjoy pies for seeing returns of stock and index groups on one screen. They are considering leaving because of the limited trading windows, limited fund selection and the account-closing transfer fee.

Summary of a Reddit post

They keep a large cash windfall in an M1 Finance High Yield Savings Account earning 4% APY, but are unsure that parking it there is the right move and are asking what to do with it instead.

Summary of a Reddit post

They used M1 for all their investing for years but were driven away by what they call sketchy practices and terrible support, and now use Fidelity for everything without distrust.

Summary of a Reddit post

They hold a Roth IRA at M1 Finance with just two index funds and are looking to move it to Fidelity, citing M1's customer service as horrible as the main reason for leaving.

Summary of a Reddit post

They opened a Roth IRA at M1 by rolling over an old 401(k) and picked a premade model pie, then kept contributing. They are unhappy with the modest first-year performance and note the model pie cannot be edited.

Summary of a Reddit post

Holds a Roth, main brokerage and a 401k rollover, and moving extra cash in from a credit union account is easy enough not to worry about.

Summary of a Reddit post

Using it since it launched, automated rebalancing made it easy to teach a daughter about investing, and adding money to the pie directs it to the stocks that are currently down, which they love.

Summary of a Reddit post

They hold investments at M1 alongside Fidelity and like M1 for its pies. The restriction to a single joint account is why their other accounts live at Fidelity, and they would consolidate there if needed.

Summary of a Reddit post

They keep a chunk of their cash reserve in M1 Earn as part of a stocks, treasury ETF and cash split, and say it pays some interest but not much, so the yield is only modest for them.

Summary of a Reddit post

They hold a small Roth IRA at M1 and only noticed a monthly fee after the fact, and now find that leaving by direct transfer to Vanguard triggers yet another M1 fee.

Summary of a Reddit post

They opened an M1 Finance account in 2019 for the partial-share buying and filled it with individual stocks, but they no longer want to pick stocks and plan to move everything to Vanguard.

Summary of a Reddit post

Picks their own ETFs for Roth IRA and brokerage accounts, and auto-rebalancing spreads deposits across holdings and rebalances the whole portfolio when a fund is swapped; loved it.

Summary of a Reddit post

They keep part of their money at M1 and like its automatic dynamic rebalancing of new deposits into underweight holdings. They see the limited trade windows as a non-issue for a long-term investor and find the fee structure fine.