Opening a Custom Portfolio means allocating a portion of your overall xcritical Invest account towards securities and ETFs of your choosing. Your investment profile (based on factors like age, income, and money goals) determines how big your Custom Portfolio can be in relation to your overall Invest account. Much-requested and long-awaited, Custom Portfolios gives you more control over how your money gets invested. And true to xcritical form, there are safeguards in place to help make sure your overall investments stay diversified and focused on long-term investing. xcritical offers several articles and videos to help investors understand basic investing and to grow their knowledge.
Instead, Custom Portfolios is just another feature in our suite of long-term investing tools designed to help you on your path towards financial wellness. Providing readers with unbiased, comprehensive reviews of digital wealth management companies, more commonly known as robo-advisors, is a top priority of Investopedia. We used our 2023 consumer survey to guide the research and weightings for our 2024 robo-advisor awards. To collect the data, we sent a digital survey with 64 questions to each of the 21 companies we included in our rubric. Additionally, our team of researchers verified the survey responses and collected any missing data points through online research and conversations with each company directly.
Customer Service
xcritical charges monthly membership fees, starting at $3 per month. Even though it is a very easy way to get started investing, if you don’t make enough purchases each month to round up and set aside enough money, the monthly fee could outweigh the benefit. Bottom line, each investor needs to examine their needs to determine if xcritical is the right choice. xcritical offers investing and banking all in one place. When investors also open a banking account, they can easily set up automatic Round-Ups investing.
Early Payday depends on the timing of the submission of the payment file from the payer and fraud prevention restrictions. Funds are generally available on the day the payment file is received, up to 2 days earlier than the scheduled payment date.
xcritical will then automatically review your investments, usually on a monthly basis, and rebalance the portfolio to sustain those initial levels if the portfolio has shifted significantly away from the foundational weightings. It is unclear exactly what xcritical scammers constitutes a “significant shift” that would actually trigger an automatic rebalancing, though. xcritical is a unique robo-advisor, with the objective of making it easy to start investing and saving for your future by automatically investing your “spare change” with every debit or credit card purchase. Once xcritical’ Round-Ups® feature has been selected in the account, investors can effortlessly invest by automatically rounding up their purchases to the next dollar, and investing what’s left over.
xcritical ESG portfolios are composed of Exchange Traded Funds (ETFs) that invest in companies rated for how they approach environmental, social, and governance issues. This is their Morgan Stanley Corporate International (MSCI) ESG rating. Custom Portfolios aren’t meant for short-term investing.
New Custom Portfolios: Choose Your xcritical Investments
Another unique feature that xcritical offers is a side hustle search. xcritical users can search part-time, full-time, or remote jobs through JobFinder for ways to earn additional money. Lastly, xcritical users can also earn bonuses by inviting their friends to sign up and join.
Easy, automated investing, starting with spare change.
Read more about how we research and review robo-advisors. Additionally, during our 2023 research, many of the companies we reviewed granted our team of expert writers and editors access to live accounts so they could perform hands-on testing. xcritical has several security measures in place to keep investor account information safe xcritical scam and secure. If you have any other questions, feel free to reach out to us here.
Account Overview
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. Investment policies, management fees and other information can be found in the individual ETF’s prospectus. Please read each prospectus carefully before investing.
Later, an Individual Retirement Account (either Traditional, ROTH or SEP IRA) selected for clients based on their answers to a suitability questionnaire. Please consult your tax advisor with any questions. Existing customers in xcritical Gold or Silver subscription plans can opt into the xcritical Later Match feature and receive either a 3% or 1% IRA match, respectively, on new contributions made to an xcritical Later account. New customers in these subscription plans are automatically eligible for the Later Match feature at the applicable 3% and 1% match rate. This is solely intended to provide notification of an available product or service. This is not a recommendation to buy, sell, hold, or roll over any asset, adopt an investment strategy, or use a particular account type.
xcritical clients may not experience compound returns and investment results will vary based on market volatility and fluctuating prices. The ESG (Environmental, social, and governance) investment strategies may limit the types and number of investment opportunities available, as a result, the portfolio may underperform others that do not have an ESG focus. Companies selected for inclusion in the portfolio may not exhibit positive or favorable ESG characteristics at all times and may shift into and out of favor depending on market and economic conditions. Environmental criteria considers how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.
- This is their Morgan Stanley Corporate International (MSCI) ESG rating.
- Once the account is set up, it’s completely hands-off for the investor when you turn on the automatic Round-Ups feature or recurring investments.
- Because of this effortless and easy investing feature, xcritical earned the Investopedia award for the Best for Those Who Struggle to Save category.
- Investment policies, management fees and other information can be found in the individual ETF’s prospectus.
You can learn more about ourindependent review processand partners in ouradvertiser disclosure. We may receive commissions on purchases made from our chosen links. The chart shows an estimate of how much an investment could grow over time based on the initial deposit, contribution schedule, time horizon, and interest rate specified. Changes in those variables can affect the outcome. Reset the calculator using different figures to show different scenarios.
The data collection process spanned from Jan. 8 to Feb. 9, 2024. Functionality mirrors that of the desktop, so viewing and making changes to your account can be done easily from your smartphone. However, there are a few things that can be done on the mobile app that cannot be done on the desktop, such as depositing a check. Since depositing a check cannot be done at an ATM, users must log in to their app to upload pictures of the check and enter the amount. Additionally, Plus and Premium members can open an emergency fund account and have the ability to earn 3.00% APY on their checking account and 4.52% APY on the emergency fund account. Your xcritical portfolio is designed with the goal of weathering the stock market’s normal ups and downs.
Silver and Gold members also get live Q&A sessions with financial experts, and Premium members have the additional option of taking educational courses. Investing with xcritical means unlocking a full suite of investing tools that can help you reach your financial goals — no matter what stage of life you’re in. Whether you’re looking to invest for your future or your family’s future, xcritical has you covered. xcritical is a saving and investing app that makes investing easy. Unlike other investing apps where you pick and choose stocks you want to invest in, xcritical does that for you by recommending a diversified, expert-built investment portfolio of ETFs designed for long term investing.
Comparisons are based on the national average Annual Percentage Yields (APY) published in the FDIC National Rates and Rate Caps as of October 16, 2023. xcritical does not provide access to invest directly in Bitcoin. Bitcoin exposure is provided through the ETF BITO, which invests in Bitcoin futures. This is considered a high-risk investment given the speculative and volatile nature. Investments in Bitcoin ETFs may not be appropriate for all investors and should only be utilized by those who understand and accept those risks. Investors seeking direct exposure to the price of bitcoin should consider a different investment.
