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Unique Selling Point:
Round gives you access to custom tailored portfolios consisting of actively managed funds from some of the biggest names in investment. With an account minimum of just $500, Round brings the complexity and diversity of actively managed funds usually only available to those with much more money.

Who is this app for:
Round is an investment app aimed at those who want to be hands-off and leave the trading strategies to the professionals. Round determines your investment goals and your level of risk by asking you a few short questions, and then sets you up with a custom portfolio with your money invested in some of the world’s top actively-managed funds. Round can also give users exposure to more than just generic stocks and bonds, allowing for your money to be invested in alternative asset classes such as private equity, asset-backed securities and collateralized loan obligations.

Bonus points:
– While there is an annual 0.5% management fee, if your portfolio loses money on any given month, the fee is waived. You only pay a management fee when you’ve actually made money.
– Round users can set up an Individual Retirement Account (IRA) in just a few taps with a tailored portfolio that’s right for them.

Feature Checklist

Features
Details
Fees
0.5%
Account Minimum
$500
Retirement Accounts
Yes
Fractional Stocks
No
ETFs
No
Bonds
No
Debit Card
No
Free ATM withdrawals
N/A
Scheduled Trades
No
Integrated Tax Reporting
Yes
Actively Managed Funds
Yes
Robo-Advisors
No
Dividend Reinvesting
Yes
Tax-Loss Harvesting
No
Target Date Funds
No
Total Rating -
3/5