MoneyLion Managed Investment Account

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Personalized and Themed Investing
Access managed portfolios and auto investing features with the MoneyLion Investment Account.
Asset Management Fees
$0
Monthly Account Fee
$1 - $5
Minimum Balance
$5
Average Rating Click here to show the sources used to calculate this average rating.
Trustpilot
4.7

Details

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Auto Investing Feature

Use automated investing to keep yourself on track with your financial goals

Themed Portfolios Options

Invest in firms that match a specific theme

Management Fees

No additional portfolio management fees

Minimum Required Balance

Start with as little as $5

Monthly Account Fee

$1 for accounts up to $5K, $3 for accounts over $5K or $5 for over $25K accounts

A MoneyLion Investment Account can help you reach your goals with fully managed portfolios with no hidden asset management fees. You can add or withdraw funds when you want, buy and sell within your investment comfort zone, and have a professional team pick stock and bond ETFs for your portfolio.

Features of a MoneyLion Investment Account

Below are some of the specific and beneficial features offered by MoneyLion’s Investment Account.

Auto Invest

Auto Invest helps you build up funds for your future without needing to manage them regularly or manually. It allows you to put your investing on autopilot and turn it off or change it whenever you want.

Here’s how the Auto Invest feature works:

  1. Pick an amount (as low as $5) to transfer from a checking account to your MoneyLion Investment Account on an automated, recurring basis.
  2. Choose the frequency of the deposit (weekly, biweekly, or monthly) that you’re comfortable with.
  3. Once set up, let the deposits happen automatically.
  4. Adjust it or turn it off anytime.

Personalized Portfolios

The MoneyLion Investment Account offers five asset allocation portfolios. Each one provides a distinct balance of associated risk and returns expectations. MoneyLion will recommend one of these portfolios based on your answers to a risk preference survey.

The five core portfolios are:

  • Conservative
  • Moderately conservative
  • Moderate
  • Moderately aggressive
  • Aggressive

You can always view your current portfolio of funds (and the amount allocated to each) in the MoneyLion app.

Thematic Investing

In addition to deciding how aggressive you want to be in your investing, you can also choose from three portfolio themes. Powered by Global X and Wilshire industry leaders, each portfolio theme lets you invest in a carefully selected set of ETFs aligned to a specific topic.

You can choose from 3 strategies:

  • Future Innovation: ETFs focused on disruptive technologies like robotics, artificial intelligence, and autonomous cars.
  • Greater Good: ETFs aligned to companies that exhibit positive environmental, social and corporate governance (ESG) characteristics.
  • Earn & Grow: Dividend-paying equity ETFs that offer higher yield with some growth.

A List of Fees

The MoneyLion Investment Account has no ongoing management or trading fees. Instead, there is a tiered monthly account fee on our investment accounts:

  • $1 for accounts valued up to $5k
  • $3 for accounts valued over $5k, up to $25k
  • $5 for accounts valued over $25k

In addition to the account-level expenses described above, the ETFs you invest in include embedded expenses that will reduce the ETF’s net asset value. These embedded expenses will reduce the ETF’s performance and will, therefore, reduce the overall performance of your portfolio. Such fees and expenses may include asset management fees, custodian fees, brokerage commissions, and legal and accounting fees.

Is There a Minimum Balance?

Auto Invest requires a $5 minimum investment.

Round Ups

A feature called Round Ups (2) can help you establish good deposit habits and help build your investment account. When you make a purchase with any linked external credit/debit card, MoneyLion Debit Mastercard®, or RoarMoney virtual card, MoneyLion will Round Up the transaction to the nearest dollar.

For example, if you buy a book for $9.20, MoneyLion will automatically round up the spare $0.80. When the Round Up account total reaches $5, the money is transferred into your Investment Account.

You can turn on Round Ups from your RoarMoney, Managed Investing, or Crypto home screen. You can also turn them on via the More Options screen.

How to Open a MoneyLion Investment Account

Enrolling is easy on the MoneyLion app or via the MoneyLion website. You’ll open your investment account after you enroll in a MoneyLion Core membership unless you already have a MoneyLion RoarMoney account and membership.

The requirements for successful enrollment are:

  1. Permanent U.S. Resident
  2. A valid Social Security number
  3. A valid residential address
  4. A verified mobile phone number
  5. Up-to-date public records

Then follow the simple steps on the screen to finalize the enrollment to the investment account:

  1. Step 1: Tell MoneyLion how long you plan on investing for, like 3 months or 3 years
  2. Step 2: Determine your risk preferences, your loss and gain ideals and what type of investments you are interested in
  3. Step 3: Answer a few SEC-required questions
  4. Step 4: Preview the portfolio created for you
  5. Step 5: Add funds and start investing

As mentioned earlier, if you still need to get a MoneyLion RoarMoney account, you will have to open one before you can start investing.

Other MoneyLion App Products

In addition to the MoneyLion Investment Accounts, the app also gives you access to other products and features to manage all your finances online:

  • RoarMoney: A mobile account to manage your spending and access features like getting paid two days early. (1)
  • Credit Builder Plus: A way to help build and help improve your credit score (4) while you save money. (3)
  • Instacash Advance: Access cash with no credit checks and 0% APR. (5)
  • MoneyLion Crypto: Buy, hold and sell cryptocurrencies. You must have an open and active RoarMoney account to buy and sell cryptocurrencies through the MoneyLion app. (6)

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Round Ups is subject to terms and conditions. This optional service is offered by MoneyLion. You may be required to have certain MoneyLion accounts to use this feature.

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With direct deposit. Faster and easier access to funds is based on a comparison of traditional banking policies and deposits of paper checks versus deposits made electronically and the additional methods available to access funds via a card as opposed to a paper check.

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Credit score improvement is not guaranteed. A soft credit pull will be conducted which has no impact to your credit score. Credit scores are independently determined by credit bureaus, and on-time payment history is only one of many factors that such bureaus consider. Your credit score may be negatively impacted by other financial decisions you make, or by activities or services you engage in with other financial services organizations. MoneyLion is not a Credit Services Organization.

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This optional offer is not a MetaBank® product or service. Credit Builder Plus membership ($19.99/mo) unlocks eligibility for Credit Builder Plus loans and other exclusive services. A soft credit pull will be conducted which has no impact to your credit score. Credit Builder Plus loans have an annual percentage rate (APR) ranging from 5.99% APR to 29.99% APR, are made by either exempt or state-licensed subsidiaries of MoneyLion Inc., and require a loan payment in addition to the membership payment. The Credit Builder Plus loan may, at the lender’s discretion, require a portion of the loan proceeds to be deposited into a reserve account maintained by ML Wealth LLC and held by DriveWealth LLC, member SIPC and FINRA. The funds in this account will be placed into money market and/or cash sweep vehicles and may generate interest at prevailing market rates. You will not be able to access the portion of your loan proceeds held in the credit reserve account until you have paid off your loan, and until your Credit Builder Plus membership payments are current. If you default on your loan, your credit reserve account may be liquidated by the lender to partially or fully satisfy your outstanding indebtedness. May not be available in all states.

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Instacash is an optional service offered by MoneyLion. Your available Instacash Advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.

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Cryptocurrency transaction and custody services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC. When you enable MoneyLion Crypto, you must also agree to the Zero Hash LLC and Zero Hash Liquidity Services LLC terms and conditions and enable your Zero Hash account. Cryptocurrency balances are not covered by FDIC or SIPC insurance. Services may not be available in all states. The cryptocurrency assets in your Zero Hash account are not held at MoneyLion or MetaBank. MetaBank and MoneyLion are not responsible for the cryptocurrency assets held in any Zero Hash account. Neither MoneyLion, nor MetaBank, is involved in the purchase, sale, exchange of fiat funds for cryptocurrency, or custody of the cryptocurrencies. Services may not be available in all states. MoneyLion Crypto account holders need an open and active RoarMoneySM account in order to buy and sell cryptocurrencies through the Moneylion app. ×