Axos Managed Portfolios Overview Overview 2022

Account Setup

Your first step is to create an account and reply a number of monetary purpose and threat tolerance questions. However there’s a catch. Creating an account requires you to enter your title, e mail handle, date of beginning, telephone quantity, and Social Safety quantity. It is a barrier for many who want to take the preliminary monetary targets and threat questionnaire to view the really useful portfolio with out divulging their Social Safety quantity.

As soon as your account is about up, you’re in a position to full the temporary monetary targets and threat stage questionnaire earlier than funding your account. The questionnaire is much like most robo-advisory preliminary questionnaires and consists of selecting a purpose from amongst three selections of emergency, retirement, and huge buy. Throughout the questionnaire, you’ll present earnings, internet value, funding horizon, and threat tolerance ranges. On the finish of the method, a really useful core portfolio is generated primarily based upon your questionnaire responses. 

Axos Managed Portfolios permits you to open any of the generally used account sorts, together with:

• Particular person and joint taxable accounts 
• Roth, Conventional, and simplified worker pension (SEP) particular person retirement accounts (IRAs) 

These looking for belief, custodial, or different particular account sorts might want to select one other robo-advisor. 

To fund the account, you merely hyperlink banking info for transfers. You’re in a position to rename and add further targets as nicely. And in case you have basic questions, you possibly can attain customer support by telephone. 

Aim Planning

Axos Managed Portfolios signup course of allows three targets: retirement, giant buy, and emergency. As soon as the account is about up, you possibly can add further targets and rename any purpose inside your account. Traders can view their purpose progress from the dashboard, see a purpose abstract, and discover out the worth and efficiency of the person purpose. 

The Aim Projection state of affairs software gives anticipated, best-, and worst-case returns for the present purpose. You can even take a look at out completely different eventualities by setting a goal deposit quantity and frequency to view how your purpose progress will change. The Aim Abstract and Projection instruments give customers a good suggestion about how possible they’re to satisfy their monetary aspirations and affords occasional nudges in the direction of these targets. 

Account Providers

The Axos Managed Portfolios are solely a digital funding platform. Customers can arrange computerized deposits into their accounts, and there are not any charges for withdrawals out of your account. 

Axos is a full-service on-line monetary agency which affords self-directed buying and selling, lending, and money administration along with the robo-advisor. Managed Portfolio traders might want to use Axos Financial institution or one other agency for lending and money administration companies individually as these will not be contained inside the robo-advisory providing.

Money Administration 

Axos Managed Portfolios are absolutely invested within the monetary markets. In contrast to a number of different platforms, the portfolios don’t embrace money allocations. Customers who need checking, debit playing cards, and extra money administration won’t discover this inside Axos Managed Portfolios. They will simply arrange money accounts at Axos Financial institution. On the constructive aspect, the dearth of a money portion to the portfolio removes a efficiency drag that another robo-advisors with a excessive money allocation undergo from throughout advancing markets.

Portfolio Building

The preliminary portfolio building follows the standard trendy portfolio principle robo-advisory path with risk-tolerance ranges starting from conservative to aggressive and portfolios populated with diversified ETFs to match. Conservative portfolios will allocate more cash to mounted belongings whereas aggressive-leaning alternatives will allocate extra to inventory ETFs. The preliminary core portfolios are well-diversified and embrace as much as 10 asset lessons:

• U.S. shares
• Worldwide developed market shares
• Rising market shares
• Funding-grade company bonds
• Quick-term company bonds
• Excessive-yield company bonds
• U.S. Treasury bonds
• Treasury inflation protected bonds (TIPS) 
• Quick-term Treasury bonds
• REITs – actual property funding belief ETFs

To view alternate portfolios, customers can retake the preliminary questionnaire. Every risk-related portfolio consists of a mixture of inventory, bond, and actual property ETFs with distinct return projections. The customization choices, described beneath add socially accountable and funding theme choices. 

Portfolio Customization 

Axos is without doubt one of the most customizable robo-advisors in the marketplace right now. Customers who don’t wish to spend money on the really useful core portfolios can substitute it with a technique or style-related selection from the Portfolio Plus selections. 

Every Featured Portfolio possibility has a cute title and represents a particular group of ETFs with an overriding theme. Customers can delve into their account, and the featured part to view the  portfolio particulars. For instance, the Yield Road features a 53% inventory 47% bond diversified portfolio of excessive yielding inventory and bond ETFs throughout varied funding types. This part is tough to seek out on the web site, and requires some digging to get the suitable display. It is a disservice to the platform as it’s an extremely helpful function that will probably be engaging to traders in search of some customization of their automated portfolio.