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If impacting the world through your investments means something to you, if you'd rather invest in causes you believe in than faceless companies whose products you'll never use, Alinea Invest could help you get there. Designed as a simple platform for first-time investors, Alinea Invest puts a big exclamation on impact investing, giving you ample opportunities to invest in what you believe in. If you're new to investing or want an automated plan for your money, read on to find out if Alinea Invest is the right brokerage account for you.
Alinea Invest
Alinea Invest's biggest perk is its ease of use. Most beginning investors won't have any trouble getting started or setting up an automated plan. But this simplicity comes at a steep price -- $120 a year.
$120 annual membership. $0 commissions for stock and ETF trades
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We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.
Alinea Invest has quite a few noteworthy perks to highlight, as well as some downsides you need to consider.
The Alinea Invest trading platform is very simple to use. Once you're in the app, you can easily set up an automated plan, trade stocks and ETFs, monitor your portfolio, and read educational material.
Alinea Invest lets you choose between automated or self-directed investing (you can also do both). The automated investing plans are theme-based and include Recession Proof, Alinea All Stars, and Climate Change. These plans come with automated rebalancing and send you weekly and monthly recaps on how you're doing. While these plans don't charge any extra, you'll need to meet a minimum investment to get started (for example, the Climate Change plan has a minimum investment of $20).
One super unique feature in Alinea Invest is its playlists. In a nutshell, these playlists are stock portfolios that users can create and share. You can use these playlists as inspiration for your own portfolio, or you can invest in them directly. Many are value-driven, like climate change and Black empowerment, while others are based on location, like California and New York companies. You can also find more traditional themed portfolios, like green tech or metaverse, as well as some unusual ones, such as "The Magician."
The platform has several creative tools that help you visualize your portfolio. For example, there's the "Time Machine" feature, which tells you how much an investment would have grown had you invested money at a previous time. Better yet, this tool even sports a DeLorean from Back to the Future -- one of several fun designs that give the app its own flavor of identity.
Sometimes, the app feels like a social media platform. You can "heart" stocks and ETFs, which become visible to other users, as well as leave comments on them. You can create and share playlists and discover those created by others. You can follow and be followed and choose to display the companies you're investing in. All in all, the app turns what's usually a solitary activity into a community practice.
Alinea Invest charges a $120 annual membership fee to use its platform. That's on the pricier side for an investing platform. Indeed, many of the best brokers let you open accounts for free (with commission-free trades on stocks and ETFs too). Some even offer perks that are comparable to the impact-investing portfolios of Alinea Invest, such as ways to screen for companies that align with your values.
Alinea Invest's biggest selling point is its simplicity. Many large brokerage firms try to appeal to a wide audience of investors, including those from multiple generations and demographics, which can bloat their platforms with services and tools that beginners don't need. While surely anyone can use Alinea Invest to invest, it's designed for new investors, primarily students and young professionals from Gen Z. If investing in stocks and ETFs intimidates you, if you want to invest in what you believe in but don't know how to get started, it might be worth paying $120 to get your feet wet and figure it out.
There are, however, many cheaper alternatives. For example, you could save money by going with a robo-advisor. Many of the best robo-advisors charge an annual management fee that can range from 0% to 0.40%, which would make your annual fee between $0 and $40 for every $10,000 you invest. You won't get the fun or sociable aspects of Alinea Invest, but you could save a lot of money on fees.
As a platform for beginning investors, Alinea Invest does not have advanced charting capabilities, like the ability to overlay technical indicators to help you analyze market volatility. This isn't surprising (after all, this was built to be simple). But if you want to analyze potential opportunities and invest more actively, the platform will leave you wanting more.
You can't open retirement accounts, like an IRA, within the Alinea Invest platform. Currently, all accounts are taxable investment accounts.
Like other brokers, Alinea Invest offers zero-commission stock and ETF trades. That said, it doesn't currently offer many securities that usually charge a commission, like options and mutual funds.
At this time, Alinea Invest doesn't offer any mutual funds. While it may offer them in the future, you'll have to check out one of our top brokerages for mutual funds if you're interested in them.
Alinea Invest charges a $120 annual membership fee, which is nonrefundable. If you decide to cancel midway through your membership, you won't be entitled to a refund for the remaining time on your plan.
The Alinea Invest trading platform is easy to figure out. To find stocks or ETFs, you can use the search bar at the top of your app. Once you find an investment, you just hit the big green button "Invest" at the bottom and enter a dollar amount.
Right now, Alinea Invest is only available on the Apple App Store, though it has a waitlist for Google Play. Its ratings on the Apple App Store are good, boasting 4.3 stars out of 5, with more than 2,600 reviews.
Alinea Invest doesn't currently support margin trading. If you're interested in trading on margin, you might want to check out some of the best brokerages for margin trading.
Alinea Invest offers investors articles that have been curated from around the web, as well as educational content in its library. I found the articles written by the Alinea Invest staff to be really substantive, even while breaking complicated financial concepts into simple terms.
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Currently, Alinea Invest only offers a yearly subscription plan ($120).
Yes, it's legit. The company is a member of SIPC, which means your account is protected up to $500,000 (this includes $250,000 for uninvested cash in your account). It's also a registered investment advisor with the U.S. Securities and Exchange Commission (SEC), so it has a fiduciary duty to act in its clients' best interests.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
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