Acorns Robo-Advisor
Automated investing and financial management platform that helps users save and invest spare change.
Overview
Acorns Robo-Advisor offers automated investment services including brokerage accounts, retirement IRAs, and custodial accounts for kids. It integrates banking features such as checking and savings accounts with automated money management tools that allocate funds across investing, saving, and spending.
The platform provides additional features like cashback investments, tax filing assistance, and educational tools for children to build money skills. Acorns is not a bank but partners with FDIC member banks to issue debit cards for its checking accounts.
Acorns targets individual investors seeking automated financial planning and investment management with a focus on ease of use and automation.
Key Features
- + Automated round-up investing
- + IRA retirement accounts
- + Custodial UGMA/UTMA accounts for kids
- + Cashback rewards invested automatically
- + Money Manager for automated fund allocation
- + Tax filing assistance
- + Debit card with learning app for kids
- + Banking services including checking and savings