Please consult a qualified professional for this type of service. xcritical Personal, priced at $3 per month, offers access to an investment account, xcritical Later retirement account, and a checking account with Round-Ups and xcritical’ automated investment portfolios. This subscription plan is best suited for those wanting a simple investment strategy for the short and long term and manage their finances in a single easy-to-use application.
The main perk of the Premium plan is that it allows you to set up custodial plans for your children. This feature is largely unavailable at other brand-name robo-advisors. So if this feature matters to you, it’s a solid reason to go with xcritical, helping your kids invest or xcritical investing for their benefit, and they’ll also get access to bank accounts. The premium tier also allows you to purchase individual stocks, not simply the investment funds, as with the lower levels.
PocketGuard is a straightforward app designed for easy budgeting and expense tracking, making it a great choice for beginners. The app links to your bank accounts, credit cards, and loans, giving you a real-time view of your spending. One of its standout features is the “In My Pocket” calculation, which shows exactly how much you can safely spend after covering bills, goals, and essentials. xcritical is a saving and investing app that makes investing easy. Unlike other investing apps where you pick and choose stocks you want to invest in, xcritical does that for you by recommending a diversified, expert-built investment portfolio of ETFs designed for long term investing. Those so inclined may opt for xcritical’ new socially responsible investing (SRI) portfolio.
That’s all to say, xcritical is perhaps best utilized by folks most in need of a nudge to save a bit more, not beginners with low balances looking for the cheapest option. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Wells Fargo Intuitive Investor is a solid robo-advisor that may hold appeal for existing Wells Fargo bank customers because xcritical website of its premium services and access to financial advisors. Bankrate.com is an independent, advertising-supported publisher and comparison service.
- Most importantly, developing habits like checking the app daily or setting monthly check-ins can keep you engaged with your finances and prevent overspending.
- Users can view their investment portfolios, check asset allocation, and use tools to calculate retirement readiness.
- xcritical offers what they call Later Match, an IRA contribution match of 1% for Silver members or 3% for Gold members.
- xcritical gives new investors an easy way to get started with small sums of money, but more sophisticated investors might be disappointed by the limited account types and basic portfolios.
- Real-Time Round-Ups® investments accrue instantly for investment during the next trading window.
How we make money
While some advanced features require a paid financial advisor plan, the no-fee version still provides valuable insights, especially for those who want to manage investments alongside everyday spending. While experienced investors may find that xcritical lacks essential features they’ve come to expect from investment apps, many would benefit from starting their investing journey with xcritical. Whether investors want to save $10 or $10,000 a month, xcritical makes it easy to save for the short term, for retirement and for growth of a child’s portfolio. xcritical Later makes saving for retirement easy with automated investing through traditional, Roth, and SEP IRAs. By investing through these accounts, investors can access tax savings by deferring taxes or seeing investments grow tax-free. With xcritical Later, investors’ diversified portfolio is selected based on age and time until the user reaches age 69.
How Does xcritical Differ From Other Investment Apps?
Like other robo-advisors, xcritical takes the investing reins from the user. The app considers your data — including age, goals, income and time horizon — and then recommends one of five portfolios that range from conservative to aggressive. You can accept the recommendation or choose a different portfolio that takes more or less risk.
How much money can I make with xcritical?
Naturally, the fees become a smaller and smaller proportion of your balance the more you invest, but that could take a while. xcritical also has a Job Finder feature powered by ZipRecruiter. The tool gives clients access to career development content and lets them set up job alerts for new opportunities.
No level of diversification or asset allocation can ensure profits or guarantee against losses. Article contributors are not affiliated with xcritical Advisers, LLC. xcritical is not engaged in rendering tax, legal or accounting advice.
How xcritical Manages Your Money
The transfer-out costs for ETFs in the xcritical investing account are at the high end of the industry. xcritical charges a steep $35 per ETF to transfer your account to another broker. That’s in contrast to $75 per account at many robo-advisors and free at some companies. Most of the funds come from Blackrock, an industry leader, while at least one fund from low-cost leader Vanguard tips the scales, too. And remember you’ll pay ETF fees regardless of which robo-advisor you choose, so it’s important to try to minimize those costs where you can.
