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Acorns Assets Under Management (AUM)
2023 Acorns total assets under management (custody). Acorns AUM: client assets and number of
customers (brokerage account users).
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Acorns Assets Under Management (AUM)
Acorns app offers a very easy online investing solution to clients who are looking for simplicity and don't want
to put much time and effort into investing. So how many customers and how much in total assets under management
does Acorns investing app have? Here are the numbers:
| Acorns assets under management |
$4.7 billion |
| Acorns number of customers |
8.2 million |
Acorns is one of the largest robo-advisors in terms of the number of accounts.
Read detailed Acorns review.
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Dollar-Cost Averaging With Automatic Investments at Acorns
If you want to grow your Acorns brokerage account over time, a great way to do it is to set up periodic deposits of cash into your account. Acorns’ software will automatically take this money and invests it. Here are the details:
Recurring Investments
Acorns calls its periodic investment service Recurring Investments. You can establish these on a
monthly, weekly, or even daily basis. You simply need to choose the amount and the frequency, and then
Acorns will do the rest. You will of course need a linked bank account as the funding source.
To establish recurring investments on the Acorns platform, click on the Invest tab and then select the Recurring screen. You can do this on either the broker’s website or mobile app.
Using Direct Deposit
Another way to do automatic investments at Acorns app is to set up direct deposits from your paycheck
into your Acorns Spend account. To get a Spend account, you must be on the Acorns Personal or Family plan.
To get direct deposit up and running, you’ll need to give your employer your account and routing numbers from your Spend account. You can find these data points at the top of the Spend screen. Just look for Account Details.
Keep in mind that the money will need to be transferred to your Invest account after it arrives in your Spend account. To do this, you can do a one-time or recurring transfer using the steps outlined above.
Benefits of Dollar-Cost Averaging
Dollar-cost averaging is simply investing a fixed amount of money on a recurring basis. For example, you could put $300 into an investment account every month. The primary advantage of doing this is that you get more shares of securities whenever prices are low.
With a broker like Acorns, there’s not much for you to do because the company’s software makes the necessary transfer and trade every month. You can set everything on autopilot and forget the rest.
Acorns Round-Up Program
Besides all of the autopilot features already mentioned thus far, Acorns also has a round-up program. While technically not dollar-cost averaging (it won’t be a fixed amount on a periodic basis), this is still a good way to deposit funds into your Invest account. Just use a linked debit or credit card and your purchase will be rounded up to the nearest whole dollar, and the change deposited into your brokerage account.
Acorns Promotion
Get $20 when you open an Acorns account with this referral link.
Open Acorns Account
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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