Beanstox: Automated Investing 4+

Seriously Simple Investing‪®‬

Beanstox Inc.

Designed for iPhone

    • 3.9 • 353 Ratings
    • Free

iPhone Screenshots

Description

Welcome to Seriously Simple investing® with Beanstox!

Building wealth takes time. We make it simple. Automated. Start now!

HOW IT WORKS: Get the app. Set up your account in minutes. Connect your bank. Start building your wealth today.

DESIGNED FOR PEOPLE WHO WANT AUTOMATED SERIOUSLY SIMPLE INVESTING: Shark Tank investor Kevin O'Leary and his team created Beanstox to help millions of Americans build wealth and a strong financial future, using investment principles that O'Leary uses for his own family: Keep it simple, keep investing, keep it diversified.

INVESTMENT PROCESS: Personalized portfolios based on your investment goals and risk profile. We use ETFs that are generally more tax efficient and lower cost, an asset as you build income and growth over the long term. Investment selection focuses on dividend income growth and the sectors / themes that we believe will be increasingly important such as Technology, Health Care and the Internet. Regular review and analysis to ensure your investments are best suited to the ever changing economic and geopolitical environment.

PERSONAL FINANCE IDEAS: Access to educational investment and personal finance tips. We share articles in-app about savings, debt management and investing. All to help you build your wealth and commit to your financial health.

SIMPLE MONTHLY ADVISORY FEE: Beanstox has a simple $5/month fee* structure. It includes your account setup, account funding, personalized investing, portfolio monitoring and rebalancing, trade execution, account statements, tax reporting, and more. Beanstox does not charge any additional trading costs, commissions, or other hidden fees. And you can cancel anytime.


*For additional information on fees, download the App or see the Beanstox Website and Advisory agreement: www.beanstox.com/disclosure.


Beanstox Inc. is an SEC registered investment adviser and has arranged for brokerage services provided by DriveWeaIth LLC. Investing in securities involves risks. There is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Beanstox® charges and expenses. The information provided herein is for illustrative purposes only and does not constitute personalized investment advice, recommendations, or solicitations to hold, buy or sell any investment or security of any kind. All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. Past performance does not guarantee future results.

What’s New

Version 2.1.1

Improved performance and fixes.

Ratings and Reviews

3.9 out of 5
353 Ratings

353 Ratings

TimiHealth rules! ,

Beanstox is a great way to invest!

As an investor/shareholder of Beanstox, I really enjoy using it as a way to help me save for retirement. It’s very easy, almost too easy, to set up your account, fund your first purchase then make regular monthly contributions for as little as $1! The app pre-selected my investments based on my risk tolerance, how long it will be before I retire and a few other parameters asked at the beginning. Within 10 minutes, I had an account, chose my sticks and submitted my first deposit. Don’t miss this opportunity to make investing as simple as it can be! Also, it’s the best value you can get anywhere for only $5/month!

bh1610 ,

“Lost” my money and account

This service is horrible. Stay away at all costs. Everything worked great for a few months. About a week ago, my account suddenly showed a notification that it was “pending liquidation” after I had made no such request. It instructed me to “contact support” if I had questions, so I did. I received a generic reply that it was an “internal error and we’re working on fixing it.” The next day, my account shows $0 balance - no transaction history showing that shares have been sold, no transfer history saying that money has been withdrawn. Fast forward to a week later, my account still shows $0 balance, nothing has been fixed, and each time I email support, I’m given the same generic reply that “we’re working on fixing this right away. Rest assured your funds are still invested.” I have even emailed asking very specific questions like, “can you tell me when/how I can get my funds transferred back to my bank account and cancel my account?” Each time, these questions are completely avoided. There is no phone number to call and talk to a representative. It’s insane, like they’re holding my funds hostage and not allowing me access by claiming an “internal error”. I just want my money back. If there’s really an internal error affecting your customers’ ability to maintain their own investment accounts, you should not be taking over a week to fix it.

Developer Response ,

This misleading error issue has since been resolved and funds were safely in the your account at all times. Please reach out to support@beanstox.com if you’re still experiencing issues!

Ram dude 941 ,

Contact the SEC if you need you money back and Beanstox will not reimburse you

Bottom line up front: If you have funds invested with Beanstox and they will not reimburse you, you need to contact the Securities Exchange Commission (SEC).

I started investing on a weekly basis with this app in December of 2020. It worked very well and I was extremely happy with the service until September of this year when funds stopped automatically coming out of my account. I attempted to link two different bank accounts from two different finical institutions but the app gave me an error message. I contacted the app multiple times and in every response they said that they, “We’re looking into it” and that they were not sure if the problem was on their end or mine.

Regardless I was very clear that I wanted to close the account and reinvest the funds elsewhere, but I continued to get the same response. In early November I filed a compliant with the SEC for Beanstox withholding my funds and not closing my account as requested. The SEC confirmed receipt and a day later Beanstox contacted me and said they would manually liquidate my account. I finally have received my funds.

If you go on the SEC website and go to “How to report complaints about investments or investment professionals” you can start the process there.

Overall this was a great vehicle for investing in high yield ETF’s but when I could not add to my investment or access my funds I lost faith in this app.

Developer Response ,

Thank you for your comment. We are pleased that your overall experience with the Beanstox App was positive even though you encountered an issue. As we mentioned in our communications with you, once you contacted us we focused on solving the problem, which appears to be an uncommon type of bank link issue. We expedited handling your request to close your account manually to avoid further delays, and your funds were returned successfully. Should you have any additional questions, do not hesitate to contact us.

App Privacy

The developer, Beanstox Inc., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Usage Data

Data Linked to You

The following data may be collected and linked to your identity:

  • Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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