Guides › Financial Advisor Fees
Updated September 24, 2026. Quick answer: M1 Finance is a registered investment adviser. Per its own current fee brochure, a $500,000 account would run $1,000 a year under its published fee schedule; the minimum to open an account is no fixed published minimum for M1 Advisory (M1 Advisor). Is it a fiduciary? Yes, as a registered investment adviser, on the advisory services this page covers.
M1 Finance at a glance
| Fact | What M1 Finance’s own pages say |
|---|---|
| Legal entity | M1 Advisory Services LLC |
| Registration | M1 Advisory Services LLC (“M1”) (“Adviser”, “Firm,” “we,” “us,” or “our”) is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser. |
| Fee on a $500,000 account | $1,000 a year, per its own current brochure |
| Minimum to open an account | No fixed published minimum for M1 Advisory (M1 Advisor) |
| Cost to leave (exit fee) | See how to leave M1 Finance |
What M1 Finance’s own fee schedule charges
“The Firm charges an annual advisory fee based on the average daily balance of assets in the client’s advisory brokerage account or accounts maintained through M1 Finance LLC. The annual advisory fee charged to a client’s account will not exceed 0.20% per year.”
The fee is a single ceiling rate of 0.20% per year on the average daily balance, with no breakpoints, so dollar_at is simply balance times 0.002 at each of the four balances (for example, $1,000,000 x 0.002 = $2,000). The brochure notes M1 Holdings additionally charges a separate $3.00 monthly platform fee (waived above a $10,000 balance) that is not part of the AUM-based advisory fee and is not included in these figures.
| Account balance | Annual fee |
|---|---|
| $250,000 | $500 |
| $500,000 | $1,000 |
| $1,000,000 | $2,000 |
| $2,000,000 | $4,000 |
See the full breakdown, including how the figure is calculated, on M1 Finance’s own fee page.
Is M1 Finance a fiduciary?
M1 Advisory Services LLC (“M1”) (“Adviser”, “Firm,” “we,” “us,” or “our”) is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser.
“When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
The Firm’s personnel are compensated through salary and employment-based compensation unrelated to the investment recommendations delivered through M1 Advisor.
Full detail, including the exact registration type and source: M1 Finance’s fiduciary status, explained.
The minimum to open an account
“The Firm does not impose a minimum account size or minimum investment amount.”
No fixed published minimum for M1 Advisory (M1 Advisor). See the full minimum-investment breakdown, including what that minimum would cost per year, on M1 Finance’s minimum investment page.
What it costs to leave
A dedicated how-to-leave page for M1 Finance covers the exit costs in full. The general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
What we would compare it against
Before you decide, run the numbers against another firm using the financial advisor fee comparison, or price the dollar cost of any percentage fee over time with the Financial Advisor Fee Calculator and the Fee Drag Calculator.
Compare your next step
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The matching service is run by WiserAdvisor, an independent advisor-matching company. It opens on their site, asks for your ZIP code and a few questions, and matches you with 2 to 3 vetted advisors. It is free to you. WiserAdvisor states the service is built for portfolios of $250,000 and above. By submitting, you consent to emails, phone calls and text messages from WiserAdvisor and up to three advisors, so expect to be contacted. Advisers pay for the introduction. Clear Money Guide is paid when you complete the form, whether or not you ever hire anyone. There is no obligation to hire anyone.
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Source: WiserAdvisor’s service descriptionSources
- Form ADV Part 2A Brochure (July 8, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051160
- M1 Advisory Services LLC Form CRS (as of July 2026): https://reports.adviserinfo.sec.gov/crs/crs_249787.pdf
- SEC Investment Adviser Public Disclosure, M1 Advisory Services LLC (CRD #249787): https://adviserinfo.sec.gov/firm/summary/249787
- M1 Advisory Services LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/249787/PDF/249787.pdf
Methodology. This page was built September 24, 2026, drawing directly on M1 Finance’s own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary and minimum-investment pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading M1 Finance’s own Form ADV Part 2A and Form CRS. We have not used M1 Finance as a client. M1 Finance did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Comparing firms? See all 182 advisor firm reviews in one table, with each firm’s type and its fee on a $500,000 account.