WiseBanyan is designed to help everyone achieve their financial goals faster. Simply tell us what you want to achieve and we’ll guide you every step of the way. The minimum starting deposit is only $1, so you can start achieving your financial goals today!
As a client, we’ll take care of all the nerdy stuff such as building and monitoring your portfolio(s) and financial plan. You can easily update your milestones, add or withdraw funds, or check in for new recommendations on what to do next – from your computer or phone. To help your money grow to its full potential (and to make your life easier), we’ve automated the daily investment tasks such as rebalancing, reinvesting dividends, and depositing. We’re like your own personal trainer, but you never have to go to the gym!
We currently offer Personal Investment Accounts, Roth IRAs, Traditional IRAs, and SEP-IRAs. You can also rollover or transfer outside accounts, including old 401(k)s and 403(b)s, to relieve yourself of the time and fees required to manage them elsewhere and see all your funds working side-by-side.
Please let us know if you have any questions – we’re here to help. Our whole team is excited to start working with you as a WiseBanyan client!
The theme of this release is: "Glide On, Glide On."
- Glide Path automatically rebalances your portfolios as you get closer to achieving your milestones.
- We'll recommended a starting and ending allocation based on your targets, risk profile, and time horizon. We also added enhanced guidance across every step.
- Glide Path is completely free for you to use across your financial planning. Simply edit your portfolios for each milestone to activate!
Ratings and Reviews
Longtime user of service pleased with product and app
I’ve been using WiseBanyan since it’s launch. I’ve never paid for premium packages, but I have adjusted asset allocations, transferred money in (one-time and recurring), and made withdrawals. Transfers do take several days to complete, but I’ve never once experienced a snafu. Taxes are straightforward in Quickbooks with automatic download. For people concerned about the calculation of their return, it is a combination of dividends and asset appreciation for “total return” over the life of your account (cumulative). It would be inappropriate to compare it to a single benchmark like the SP500. More appropriate would be to examine the returns on the well-rated index funds and ETFs in your portfolio against their benchmarks. WiseBanyan has an excellent curated collection of funds with very low fees and strong Morningstar ratings. The app itself is decent well to all needed functionality. I recommend the service and app without reservation.
Sad to see the only free robo-investment app die
I signed up for WiseBanyan because it was unique for not charging ANY fees for lower-income investors such as myself. You could opt in to more features, but it was the only free way to do micro-investing with MPT. Now they decided to require one of their previously opt-in features, and appear to be trying to make their app more like the other ones out there. It was unique and the best, and they’re de-incentivizing consumers to choose their product. Otherwise a great great app
Convenient on the surface, but....
I could understand how it would take 7 business days to transfer money from an investment account, but a cash account should not take that long. As for my investment account, it’s been 7 days and I am still waiting. I thought this would be a great way to set money aside and grow it for our wedding next year, among other shorter-term goals, but it’s proving to just be too many extra steps. This app is perfect if you are going to set it and forget it and not touch it for X amount of years, but if you are looking for something to set aside for short-term goals, this app is just a little inconvenient. Also, keep in mind that this....bank/whatever it is, is not FDIC insured (not even for cash accounts). Investments are always a risk, but ask yourself if you are willing to risk cash that you could set aside in your home bank’s savings account. Just some things to consider.
With Family Sharing set up, up to six family members can use this app.