Many people invest their money to build wealth and achieve financial goals, but some assets are better than others. Not everyone has enough time to research stocks and figure out which investments are right for them. Allio Finance can take this responsibility off your hands with their automated portfolios. Professionals manage these portfolios and cater them to your goals and values. This Allio review will cover some of the key details about the app and how it works.
What is Allio?
Allio is an investment app that gives you exposure to automated portfolios. These portfolios are managed by professionals. These portfolios have investment objectives, goals, and values that align with yours. You can find the right portfolio for you and automatically invest your funds.
How Does Allio Work?
Allio takes care of investing for you. Instead of wondering which stocks are right for your portfolio, a financial expert manages your funds. This expert distributes your capital across assets that generate the optimal return potential based on your risk tolerance and other factors. The app streamlines investing. All you have to do is deposit money into your account, and Allio will take care of the rest.
What is Allio’s Investment Process and Philosophy?
Allio’s investment philosophy involves three components: big-picture thinking, empiricism, and risk mitigation. Empiricism focuses on how the market is behaving instead of how the market is supposed to behave. Allio understands the market is driven by emotions instead of logic and always takes a temperature of the current market when making investing decisions. Risk mitigation involves looking for investments that balance risk and reward. Allio also looks at big-picture economic developments, such as changes to interest rates, inflation, GDP, and other metrics.
The fintech company offers institutional-grade investment portfolios that are normally exclusive to high-net-worth investors. Allio is on a mission to provide financial wellness for its customers and their families.
What Does Allio Offer?
Allio offers several features that can help you on the path to financial wealth.
The Allio app automates your investing and makes it easier to grow your wealth over time. The Allio Finance app is available in the Apple App Store and the Google Play Store.
The company’s macro portfolios help investors achieve full-scale optimization based on market conditions. These portfolios give investors exposure to securities, real estate, emerging markets, crypto, and gold. You can decide which types of assets you get exposure to before investing your money.
Allio’s retirement calculator lets you determine how much money you will have at retirement based on the following metrics:
- Current Age
- Target Retirement Age
- Annual Household Income
- Current Savings
- Monthly Savings
Allio makes the assumption that your income and monthly savings will increase by 2% per year until retirement and lays out the rest of its methodology below its calculations. You can modify the numbers to see how much you need to earn and save to reach your goal.
Allio Academy and Magazine
Allio Academy and its magazines offer educational resources you can use to sharpen your personal finances. These resources also help investors stay on top of the broader economy and various asset classes.
What are the Pros and Cons of Allio?
Allio has strengths and weaknesses, just like any investment app. These are the pros and cons to consider before creating an Allio account.
- Access to professionally managed portfolios
- You don’t have to worry about investing and can automatically grow your wealth
- Institutional-grade portfolios account for risk mitigation, empiricism, and important economic metrics
- Some portfolios have high yields
- Invest in assets based on your values
- $1/mo for a core portfolio is reasonable if you put enough money into it
- Some people want to pick their own investments instead of handing them off to someone else
- No checks or debit cards
- You must use the app since a web browser version is not available at this time
How Does Allio Compare to Other Investment Platforms?
Allio has good reviews across the App Store and Google Play. The average rating is 4.3 stars across a combined 110 reviews across both app stores. Allio Finance removes the guesswork of portfolio investing and can be a great solution for investors who want someone else to do it for them. Allio’s portfolios are top-class and institutional-grade. However, Allio isn’t as good for investors who want to pick their own investments. You also have to contend with only using the app to access your Allio account.
Is Allio Worth It?
Allio’s value depends on how deeply involved you want to be in the investing process. Investors who want a hands-off approach can benefit from using Allio. However, if you feel more confident picking your investments and monitoring the stock market, you may want to choose another investment app. The portfolios are institutional-grade and make opportunities more accessible to retail investors.
The app also has a useful retirement calculator that lets you see your progress with your retirement goals. This calculator can inspire you to save more money and increase your income. Allio makes its methodology readily accessible, so you know how the company pulls out its calculations.
How to Get Started with Allio
You can get started with Allio by downloading the mobile app from the Apple App Store or the Google Play Store. These apps make it easy to create an account and link your bank account so you can transfer funds. You will have to provide basic information like your name and email address to get started. You can then review Allio’s actively managed portfolios and decide which one is right for you.