M1 Finance Assets Under Management and # of Clients

2022 M1 Finance total assets under management. M1 Finance AUM: client assets, number of brokerage accounts, and mutual funds assets.

M1 Finance: Number of Users and Assets Under Management

M1 Finance offers a distinctive method of financial management that will definitely attract many customers. Because M1 does not charge any commissions on transactions, it is a good choice for a majority of investors. So how many customers and how much in total assets under management does M1 Finance have? Here are the numbers:

M1 Finance Assets Under Management

Client assets $5 billion
Funded accounts 750,000
New customer promotion Up to $500 cash bonus for funding account at M1 Finance.

M1 Finance Review

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M1’s website is easy to navigate. It includes plenty of information on the broker’s financial offerings. There are screeners for stocks and ETF’s. They both are unique by offering an icon for the fund or stock. For example, the golden arches appear next to McDonald’s in the stock search results. Only limited information is displayed for the securities, however.

Pies can be created and edited on either the website or the broker’s mobile app, which is compatible with Android and Apple devices. Account documents can be accessed on the mobile app, but the platform doesn’t offer mobile check deposit or live streaming of business news.

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Customer Service

An M1 representative can be reached over the phone anytime between 9 am and 5 pm, CST, Monday through Friday. The broker regrettably does not offer any weekend hours, which will probably be an inconvenience for some investors. Besides its phone number, the company also has a service e-mail address.

M1 Finance does not have any brick-and-mortar locations, which are still fairly common in the 21st century. The M1 website does not offer on-line chat, although there is a robo-chat program. If the robo-chat function doesn’t answer your question, the chat box provides a way to send a message, with attachments if necessary, to a company associate.

Retirement Options

Roth, Traditional, and SEP IRA’s are available at M1 Finance. For the first year, a retirement account has no fee. Afterwards, there is a $7.50 quarterly charge for accounts below $5,000. Every IRA has a termination fee of $60.

The retirement Pies have target dates between 2022 and 2060. The underlying ETF’s are from Vanguard, iShares, State Street, and PowerShares.

M1 Finance AUM


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About the Author
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.