You’re likely no stranger to the world of online investing, and Ally Investment Advisors is one platform that’s caught your attention. As a robo-advisory service from Ally Bank, it offers a range of investment products and services that cater to different risk profiles and financial goals. But what sets Ally Invest apart from its competitors? With its commission-free trading experience and access to various asset classes, it’s certainly an attractive option. But is it the right fit for you? Let’s take a closer look at Ally Investment Advisors and explore what it has to offer.

Key Takeaways

• Ally Investment Advisors is a robo-advisory service that offers expertly managed portfolios and customizable investment plans tailored to individual financial goals.
• The service provides access to a range of investment products, including stocks, options, ETFs, mutual funds, and bonds.
• Ally Investment Advisors offers various account types, including individual, joint, and custodial accounts, as well as traditional and Roth IRAs.
• The service features four managed portfolio options: Conservative, Moderate, Aggressive, and Tax-Optimized, each designed to meet different investment objectives.
• Ally Investment Advisors is part of Ally Invest, a comprehensive online investing platform that provides tools, resources, and support for effective investment management.

History of Ally Investment Advisors

The seeds of Ally Investment Advisors were sown in 2009, when GMAC Financial Services transformed its banking subsidiary into Ally Bank, a digitally focused online banking platform that you may know today for its competitive mortgage rates and fee-free banking services. You might be wondering how this transformation led to the creation of Ally Investment Advisors. As it turns out, the formation of Ally Bank was just the beginning of a series of strategic moves that would eventually give rise to Ally’s investment arm.

Fast forward to 2016, when Ally Financial, the parent company of Ally Bank, acquired TradeKing, a well-established online brokerage firm. This acquisition marked Ally’s entry into the investment space and laid the groundwork for the launch of Ally Invest, a rebranded version of TradeKing, in 2017. Ally Invest would later become the foundation for Ally Investment Advisors, a robo-advisory service that offers automated investment management and financial planning tools to its clients.

Today, as a customer of Ally Investment Advisors, you have access to a range of investment services and tools that can help you achieve your financial goals. While we’ll explore the specifics of Ally’s investment products and services later, it’s clear that the company’s evolution has been shaped by its commitment to innovation, customer experience, and strategic growth.

Ally’s Investment Products and Services

As you explore Ally’s investment offerings, you’ll find a range of product options to suit your financial goals. Ally’s investment products and services are designed to provide you with flexibility and control, whether you’re a seasoned investor or just starting out. You can choose from a variety of investment products and managed portfolio services, which we’ll outline in more detail below.

Investment Product Options

With Ally, you’ll have access to a wide range of investment products and services, including brokerage accounts, retirement accounts, robo-advisory services, and more. You can choose from various account types, such as individual, joint, and custodial accounts, to fit your unique needs. Ally’s brokerage accounts allow you to invest in stocks, options, ETFs, mutual funds, and bonds, giving you the flexibility to diversify your portfolio.

Ally also offers retirement accounts, including Traditional and Roth IRAs, allowing you to save for your future. You can also roll over existing retirement accounts to Ally, making it easy to consolidate your investments. Additionally, Ally’s robo-advisory services, known as Ally Invest, provide a low-cost, automated investment option, ideal for those with limited investment experience or a hands-off approach. With a range of portfolios to choose from, you can select the one that aligns with your risk tolerance and investment goals. Ally’s investment products and services are designed to help you achieve financial stability and growth, whatever your investment vision may be. You can easily manage your investments and stay on track with Ally’s intuitive online platform and mobile app.

Managed Portfolio Services

You can take your investment strategy to the next level with Ally’s managed portfolio services, which offer a range of professionally managed portfolios designed to help you achieve your long-term financial goals. With these services, you’ll have access to a team of experienced investment professionals who will actively manage your portfolio, making adjustments as needed to help you stay on track.

Here’s a breakdown of Ally’s managed portfolio services:

Portfolio Type	Investment Objective	Risk Level
Conservative	Preservation of capital	Low
Moderate	Balanced growth and income	Medium
Aggressive	Long-term growth	High
Tax-Optimized	Minimize tax liability	Varies

Ally’s managed portfolio services offer a range of benefits, including diversified investment portfolios, regular portfolio rebalancing, and tax optimization strategies. You’ll also have access to online account management and regular account statements, so you can stay informed about your investments. By choosing Ally’s managed portfolio services, you’ll be taking a proactive approach to managing your investments and working towards your long-term financial goals.

Types of Ally Trading Accounts

As you explore Ally’s trading capabilities, you’ll discover a range of account types designed to meet your unique investment goals and preferences. You can choose from accounts that offer varying levels of control, flexibility, and risk management, allowing you to tailor your investment strategy. By understanding the different types of Ally trading accounts available, you’ll be better equipped to select the right fit for your financial objectives.

Account Types Overview

Managing your investments effectively requires choosing the right type of trading account, and Ally offers several options tailored to different investment goals and strategies. You’ll want to examine what kind of investor you are and what you’re trying to achieve. If you’re just starting out, a standard brokerage account might be the way to go. You can use it to buy and sell stocks, ETFs, options, and other securities.

If you’re saving for retirement, Ally’s IRA accounts could be a good fit. You can choose from traditional or Roth IRAs, depending on your tax situation and goals. Ally also offers custodial accounts, which allow you to manage investments on behalf of a minor. These accounts can be used to save for education expenses or other long-term goals.

No matter which type of account you choose, Ally’s platform provides the tools and resources you need to manage your investments effectively. You can access your account online or through the Ally mobile app, and get customer support whenever you need it. By choosing the right account type, you can set yourself up for success and achieve your investment goals.

Investment Product Options

Beyond the various account types, Ally’s investment product options offer a range of choices for building a diversified portfolio. You’ll have access to a broad selection of investment products to help you achieve your financial goals.

When it comes to investing with Ally, you’ve got options. Here are some of the investment products you can choose from:

• Stocks: Invest in individual stocks, ETFs, or options contracts to diversify your portfolio.
• Bonds: Ally offers a range of fixed-income investment products, including government and corporate bonds.
• ETFs and Mutual Funds: Choose from a variety of ETFs and mutual funds to gain broad market exposure.
• Forex: Ally offers forex trading for those interested in investing in the foreign exchange market.
• Options: For more experienced investors, Ally offers options trading to hedge against market volatility or speculate on potential gains.

Whether you’re a seasoned investor or just starting out, Ally’s investment product options have got you covered. With a range of investment products at your fingertips, you’ll be able to create a diversified portfolio tailored to your financial goals and risk tolerance.

Ally Investment Fees and Charges

Your Ally investment account comes with various fees and charges that you should be aware of to make informed investment decisions. While Ally doesn’t charge setup or maintenance fees, you’ll still need to pay for certain services and transactions.

When trading stocks, ETFs, or options, you’ll pay $4.95 per trade, with no commission fees for select ETFs. However, if you’re trading foreign stocks or options, expect to pay $9.95 per trade. If you’re interested in trading forex, you’ll need to pay a commission of 1-3 pips, depending on the account type. Ally also charges a fee for early retirement account withdrawals, which is $25 for 401(k) and $50 for IRA accounts.

You’ll also need to pay interest on margin accounts, with rates ranging from 7.5% to 10.75% APR, depending on the account balance. In addition, Ally charges a $25 fee for outgoing wire transfers and a $35 fee for returned checks. There’s also a $5 fee for trading on the Ally mobile app, but this fee is waived if you’re an active trader. Lastly, Ally charges a management fee for its robo-advisor, ranging from 0.30% to 0.40% of the account balance. Understanding these fees and charges will help you plan your investment strategy and avoid unexpected expenses. Carefully review your account details and terms to guarantee you’re making the most of your investment.

Ally Trading Platform and Tools

As you start trading with Ally, you’ll have access to a full-fledged trading platform that offers a range of tools and features to help you make informed investment decisions. The platform is designed to be user-friendly, allowing you to easily navigate through various sections and find the information you need. One of the standout features is the customizable dashboard, where you can personalize the layout to suit your preferences and focus on the data that matters most to you.

You’ll also have access to a variety of charts and technical indicators to analyze market trends and make educated trades. Ally’s trading platform provides real-time streaming quotes, news, and market analysis to keep you up-to-date on the latest market developments. When it comes to order types, Ally offers a range of options, including stop-loss orders, limit orders, and more.

Here are some key features you can expect from Ally’s trading platform:

• Streaming charts: Real-time charts with customizable timeframes and indicators
• Technical indicators: A library of indicators to help you analyze market trends
• Order types: Support for various order types, including stop-loss and limit orders
• Risk management tools: Features like stop-loss orders to help manage your risk
• Customizable dashboard: Personalize your dashboard layout to focus on what matters most to you

Ally’s trading platform aims to provide you with a seamless and informed trading experience. With its range of tools and features, you’ll be well-equipped to make confident investment decisions and achieve your financial goals.

Mobile Trading App Review

You can access your Ally investment accounts and trade on-the-go with Ally’s mobile trading app. As you consider using the app, you’ll want to know about its key features and benefits, such as customizable dashboards and alerts. In this review, you’ll learn about the app’s performance and security, helping you decide whether it meets your mobile trading needs.

Key Features and Benefits

Traders can access a wide range of investment products and tools on the Ally Invest mobile app, which is designed to provide a seamless and intuitive trading experience on-the-go. You’ll be able to monitor and manage your accounts, place trades, and get quotes in real-time. The app’s intuitive interface makes it easy for you to find what you’re looking for and make informed investment decisions.

Here are just a few of the key features and benefits you can expect from the Ally Invest mobile app:

• Personalized home screen: Customize your dashboard with the information and tools that matter most to you.
• Streamlined navigation: Easily move between account management, trading, and research tools.
• Robust research capabilities: Get real-time news and analysis to inform your investment decisions.
• Trade management: Place trades quickly and easily, with options for various asset classes.
• Alerts and notifications: Stay on top of market movements and account activity with customizable alerts.

With the Ally Invest mobile app, you’ll have everything you need to trade and manage your investments at your fingertips.

Performance and Security

Because fast and reliable performance is essential for mobile traders, Ally Invest’s mobile app is designed to deliver swift trade execution and accurate data streaming in real-time. You’ll appreciate the app’s ability to process trades quickly, even during peak market hours. The app’s infrastructure is built to handle high volumes of trades, reducing the likelihood of delays or outages.

When it comes to security, Ally Invest takes a multi-layered approach to protect your account and sensitive information. You can enable two-factor authentication to add an extra layer of protection. The app also uses 256-bit SSL encryption to secure data transmission between your device and Ally Invest’s servers. Additionally, Ally Invest is a member of the Securities Investor Protection Corporation (SIPC), which provides limited coverage to customers in the event of a brokerage firm’s insolvency. With Ally Invest’s mobile app, you can trade with confidence, knowing that your account and personal data are well-protected.

Investment Research and Analysis

Effective investment research and analysis form the foundation of a successful investment strategy, enabling informed decisions that balance risk and potential return. When you’re investing, it’s pivotal to stay up-to-date on market trends and economic shifts that could impact your portfolio. That’s where Ally Investment Advisors’ research and analysis come in.

By leveraging Ally’s expertise, you’ll gain a deeper understanding of the investment landscape and be able to make more informed decisions about your investments. Ally’s team of experienced analysts and researchers provide in-depth analysis and insights on various asset classes, including stocks, bonds, ETFs, and mutual funds.

Stay ahead of market trends: Ally’s research team identifies emerging trends and patterns, helping you stay ahead of the curve.
Make informed decisions: With Ally’s analysis, you’ll have a clear understanding of the potential risks and rewards associated with different investments.
Diversify your portfolio: Ally’s research helps you identify opportunities to diversify your portfolio, minimizing risk and maximizing potential returns.
Stay up-to-date on economic shifts: Ally’s team monitors economic indicators, providing insights on how changes in the economy may impact your investments.
Optimize your investment strategy: Ally’s research and analysis help you refine your investment strategy, ensuring it remains aligned with your goals and risk tolerance.

Ally’s Customer Support and Service

When it comes to managing your investments, you need a reliable partner who’s there to help – that’s where Ally’s dedicated customer support and service come in. You can rely on Ally’s team of experts to guide you through the investment process, from creating a new account to making informed decisions about your portfolio.

Their support team is available 24/7, so you can get assistance whenever you need it. Ally also offers an extensive online resource center, where you can find answers to frequently asked questions, learn about investing, and access valuable tools and calculators.

Whether you prefer phone, email, or online chat, Ally provides multiple channels for you to reach out. This flexibility ensures that you can communicate with them in the way that’s most comfortable for you. Ally’s support staff are knowledgeable, patient, and responsive, so you can trust that your concerns will be addressed promptly and efficiently. By relying on Ally’s customer support and service, you’ll be empowered to take control of your investments, confident in the knowledge that expert help is always within reach.

As you explore the capabilities of Ally’s investment platform, you’ll appreciate the emphasis on customer satisfaction. Their service is built around your needs, to guarantee that you have a seamless and productive experience. With Ally, you’re not just an account holder – you’re a valued partner, deserving of dedicated attention and expert guidance every step of the way.

Security and Regulatory Compliance

As you entrust Ally with your investments, you can rest assured that their top priority is protecting your sensitive information and guaranteeing the integrity of their platform, adhering to stringent regulatory requirements and industry standards. Ally understands the importance of safeguarding your personal and financial data, and they’ve implemented robust security measures to prevent unauthorized access and cyber threats.

When it comes to regulatory compliance, Ally is committed to operating with transparency and integrity. They’re registered with the Securities and Exchange Commission (SEC) and are members of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). This means you’re protected up to $500,000, including a $250,000 limit for cash claims.

2-factor authentication to add an extra layer of security to your account
Encryption technology to protect data transmission and storage
Regular security audits and penetration testing to identify vulnerabilities
Compliance with the Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations
Annual SOC 1 and SOC 2 audits to guarantee operational effectiveness and security controls

Investment Education and Resources

Ally’s investment education and resources are designed to empower you with the knowledge and tools you need to make informed investment decisions. As an investor, you’ll have access to a wide range of educational materials, including articles, videos, and webinars that cover various investment topics. These resources are tailored to help you grasp complex concepts and stay up-to-date with market trends.

You’ll also have the opportunity to engage with Ally’s dedicated financial experts, who can provide personalized guidance and support to help you achieve your investment goals. Whether you’re a beginner or an experienced investor, Ally’s investment education and resources can help you make more informed decisions and take control of your financial future.

In addition, Ally’s online platform offers a range of interactive tools and calculators that enable you to experiment with different investment scenarios and see how various factors can impact your portfolio. This hands-on approach can help you develop a deeper understanding of the investment process and make more informed decisions about your money. By leveraging Ally’s investment education and resources, you can build a stronger foundation for your investment strategy and work towards achieving your long-term financial objectives.

Ally’s Market Research and Insights

To make informed investment decisions, you need to stay on top of market trends and developments, which is where Ally’s detailed market research and insights come in. You’ll get access to a wealth of information that can help you make more informed investment choices. With Ally’s market research and insights, you’ll stay up-to-date on the latest market news and trends.

Ally’s research and insights cover a wide range of topics, including:

• Market analysis and trends
• Economic forecasts and insights
• Industry research and analysis
• Company performance and analysis
• Investing strategies and ideas

This information can help you gain a deeper understanding of the markets and make more informed investment decisions. Ally’s research and insights are developed by experienced analysts and experts in the field, so you can trust that you’re getting accurate and reliable information. You’ll be able to explore different investment options and make more informed decisions about your portfolio. Whether you’re a seasoned investor or just starting out, Ally’s market research and insights can help you achieve your financial goals. By staying informed and up-to-date on market trends and developments, you’ll be better equipped to navigate the ups and downs of the market.

Pros and Cons of Ally Investing

When considering Ally Investment Advisors for your investment needs, you’ll want to weigh the advantages and disadvantages of their services to determine if they’re a good fit for you. On the plus side, Ally offers a comprehensive platform that’s tailored to your financial goals. You’ll have access to expertly managed portfolios, customizable investment plans, and a team of dedicated financial advisors who can guide you every step of the way.

Another significant advantage of Ally’s platform is its flexibility. You can start investing with a relatively small amount of money and choose from a range of investment options, including low-cost index funds and diversified portfolios. Additionally, Ally’s online tools and mobile app allow you to monitor your investments and make adjustments on the go.

However, it’s also essential to take into account the potential downsides of Ally’s services. One major con is the management fees, which can eat into your investment returns. Depending on the type of account and portfolio you choose, the fees can range from 0.30% to 1.50% of your assets under management. In addition, if you’re a DIY investor who wants complete control over your investments, Ally’s managed portfolio approach might not be the best fit for you. Ultimately, it’s crucial to carefully weigh these pros and cons and evaluate your investment goals and risk tolerance before deciding if Ally is the right choice for you.

Ally Investment Advisors Review Summary

Based on the pros and cons discussed earlier, here’s a summary of what you can expect from Ally Investment Advisors to help you ponder if their services are right for you. Ally Investment Advisors is a robo-advisor that offers low-cost, diversified investment portfolios and a range of tools to help you manage your finances.

Ally Investment Advisors offers a low-cost investment option with no advisory fees for clients with balances under $1,000.
You’ll have access to a range of investment portfolios, including socially responsible and tax-optimized options.
The online platform is user-friendly and easy to navigate, making it a great option for beginners.
You’ll also have access to Ally’s banking products, including high-yield savings accounts and CDs.
Ally Investment Advisors offers customer support 24/7, so you can get assistance whenever you need it.

Frequently Asked Questions

How Long Does It Take to Open an Ally Investment Account?

You’re probably enthusiastic to start investing, so you’re wondering how long it takes to open an account. Generally, it takes around 10-15 minutes to complete an online application, and then you’ll need to wait a few days for verification.

Can I Transfer My Existing Investments to Ally Investment Advisors?

You’re looking to switch horses midstream with your investments. Can you transfer existing investments? Yes, you can, and it’s relatively straightforward. You’ll just need to initiate the transfer process, which usually takes a few business days.

What Is the Minimum Investment Required for Ally’s Robo-Advisor Service?

You’re probably wondering what the minimum investment is for a robo-advisor service. You’ll be pleased to know it’s relatively low; you can start investing with as little as $100, and there’s no minimum balance requirement.

Does Ally Investment Advisors Offer Tax-Loss Harvesting Services?

"When it comes to taxes, you’re probably thinking ‘a bird in the hand is worth two in the bush.’ You want to minimize losses. Tax-loss harvesting is a common service, but does your investment platform offer it?"

Can I Use Ally Investment Advisors if I Am Not a US Citizen?

You’re not a US citizen, so you might face restrictions on investment services. Generally, non-US citizens can use some investment platforms, but tax implications and regulatory requirements can be complex, so check with the service provider.