Aspiration

Unique Selling Point:
Aspiration’s investment option – the Redwood Fund uses a rigorous analysis of companies’ sustainable environmental, workplace, and governance practices to find companies that act responsibly toward their customers, their community, their employees and the planet.

Who is this app for:
Aspiration is a banking and investment app aimed at those who want to manage their money, invest and save for the future, while keeping the environment sustainability and charity close to mind. Aspiration tracks your debit card spending for social impact, and gives you your own Sustainability Score”, allowing you to see the impact that you’re making on the planet. Aspiration also offers additional planet-friendly features like allowing you to fund tree planting with your spare change. You can also easily set up automated giving a feature that donates a portion of your investments to one of seven pre-vetted causes. Additionally, Aspiration themselves donate 10% of their earnings to charity. If you’re someone who is passionate about the environment, charitable causes and sustainability, and you’re looking for a multi-purpose fintech solution for money management and investment, then Aspiration may be for you.

Bonus points:
– With Aspiration’s Redwood IRA, users can set up an Individual Retirement Account (IRA) in just a few taps with a sustainable portfolio that’s good for them, and good for the planet.

Feature Checklist

Features
Details
Fees
Choose your own fee/$15 per month (Aspiration Plus)
Account Minimum
$10
Retirement Accounts
Yes
Fractional Stocks
No
ETFs
No
Bonds
No
Debit Card
Yes
Free ATM withdrawals
Yes (55,000 fee-free ATMs nationwide)
Scheduled Trades
No
Integrated Tax Reporting
Yes
Actively Managed Funds
No
Robo-Advisors
Yes
Dividend Reinvesting
Yes
Tax-Loss Harvesting
No
Target Date Funds
No
Total Rating -
3.5/5