WiseBanyan is a free financial advisor and online investment service that invests your money into a tailored selection of stocks and bonds through domestic and international exchange traded funds (ETFs), based on your investor profile.
Plus, sign up for a WiseBanyan New Account for a limited time, and you’ll receive free WiseHarvesting for the remainder of 2016 when you create a free account.
How WiseBanyan Works
WiseBanyan is the world’s first free financial advisor that will do everything needed to help you build your financial plan and manage your investments.
You can create your investment plan in just a few minutes after opening your free WiseBanyan account to save for your first home, retirement, travel, or any other goals that you hope to achieve.
As a WiseBanyan client, you will receive professional wealth management with no management, trading, or rebalancing fees, and no minimum to start.
WiseBanyan will invest your money into a tailored selection of stocks and bonds, based on your personalized investor profile.
Your portfolios are fully-diversified to capture market returns through domestic and international exchange-traded funds (ETFs).
Once your account is funded, WiseBanyan will invest, monitor, and manage your portfolio for free.
You can rollover outside accounts such as old 401(k) and 403(b) accounts, add additional accounts, or turn on services such as WiseHarvesting.
You can add funds to WiseBanyan or withdraw your WiseBanyan investments at any time with no fees.
WiseBanyan offers both standard investing accounts as well as Roth IRAs, Traditional IRAs, and SEP-IRAs for retirement investing.
WiseBanyan is an SEC-registered investment advisor (RIA).
Get Free WiseHarvesting Service (Tax-Loss Harvesting) for 2016
When you sign up for a new WiseBanyan Account for a limited time, you’ll receive free WiseHarvesting for the remainder of 2016 as an added benefit.
WiseHarvesting is an investment strategy designed to offset your income taxes by turning minor losses in your portfolio into tax deduction opportunities.
The WiseHarvesting service is often referred to as tax-loss harvesting by other firms, and it is offered to all WiseBanyan clients as an opt-in premium service (free for the rest of 2016).
When a security in your WiseBanyan portfolio loses value, you have the opportunity to “realize” that loss (i.e., sell the security) and replace it with a similar security, so that you can maintain a similar portfolio allocation and claim a tax deduction.
The WiseHarvesting service from WiseBanyan automates the process of finding these opportunities for tax savings, allowing you to take advantage of small losses to give you tax benefits and keep your chosen investment allocation on track.
This offer for free WiseHarvesting is only available for new WiseBanyan members for a limited time, so sign up today if you want to get this extra service for free.
WiseBanyan Financial Planning with Milestones
WiseBanyan makes planning for your financial future simple with Milestones.
Milestones allow you to decide which types of financial savings goals you want to achieve as an individual.
WiseBanyan currently offers 4 different Milestones including: Rainy Day, Retirement, Build Wealth, and Custom.
The Rainy Day Milestone helps you build your emergency funds in case of any unforeseen circumstances, such as a job transition, last-minute flight, or large home repair.
The Retirement Milestone helps you achieve your desired financial future, so that you can live the lifestyle you want when you’re ready.
The Build Wealth Milestone is designed for those who don’t have a special financial goal in mind, but still want to grow your wealth over time for any future money needs that you may have.
The Custom Milestone allows you to invest your money however you please toward anything you want, whether that be a bigger home, an RV to travel the country, or a new car, within the time-frame that you choose.
Whatever your financial goals may be, WiseBanyan Milestones can help you focus on achieving them and realizing them sooner.
WiseBanyan Offers Financial Advisory Services for Free
WiseBanyan has no account maintenance fees, no management fees, no trading fees, no custodial fees, no rebalancing fees, no closing fees, no electronic funds transfer (ACH) fees, and no hidden fees of any kind.
WiseBanyan is able to provide their free financial advisor service through the use of automation, which reduces their day-to-day operating costs, and also by only charging for optional products and services, allowing customers to pay for what you need.
Your basic WiseBanyan account is absolutely free with no assets-based management fees or any other maintenance fees.
WiseBanyan only charges you for optional products and services that you may elect to use whenever you please and may cancel at any time.
So if you find that any of WiseBanyan’s suite of services may provide value to you at any point, you can turn on that service when you need it, and if you later don’t need that service, you can turn it off at that time.
Please note that WiseBanyan’s clearing firm, Apex Clearing, may charge for specific transaction requests, but WiseBanyan does not receive any portion of these fees, and WiseBanyan also does not accept any commissions or kickbacks of any kind for specific investments.
WiseBanyan Referral Program for Free Services
Once you create a free account, you can participate in the WiseBanyan Referral Program to share WiseBanyan with your friends.
You’ll get up to 100% off the price of WiseBanyan’s additional investment services by inviting your friends to WiseBanyan.
You can unlock an additional 10% discount for each friend who joins.
If you refer 10 friends, you get free services for life.
Plus, your friends will receive free WiseHarvesting for the remainder of 2016 when they join, so everybody benefits.
WiseBanyan clients will receive a 10% discount for life for each successful referral that results in a new WiseBanyan client, with a 100% maximum possible discount.
The discount for successful referrals can be applied to the following WiseBanyan service offerings: WiseHarvesting.
WiseBanyan has plans to introduce new services in the future, including WiseIndexing and WisePrep, but they are currently not available and not eligible for the discount for successful referrals at this time.
The referral discount received will be effective for the life of the referred account.
Upon closing of a referred account, the WiseBanyan client will lose the original 10% discount received.
They have many more services that are getting ready to launch this year in 2016, so keep spreading the word, because you never know what you’ll get.
Please feel free to exchange WiseBanyan referral links in the comments section below this article.
Updated August 29, 2016: Please note that the $15 bonus that was available for new WiseBanyan Founding Members is no longer available at this time, as WiseBanyan is no longer in beta mode.