Invest with Henry is an investment advisor service that provides automated investing based on Nobel Prize winning research. With its easy to use app, Invest with Henry aims to make investing simple and accessible for everyone. In this article, we’ll take an in-depth look at Invest with Henry, reviewing its features, performance history, fees and more to determine if it’s worth investing with. We’ll analyze key factors like returns, risk management, account minimums, and customer service to provide an unbiased assessment of this robo-advisor. Whether you’re new to investing or looking to switch advisors, this comprehensive invest with henry review will help you make an informed decision.
Strong historical returns across multiple strategies
One of the most important factors to consider with any investment service is its track record of returns. According to Invest with Henry’s website, its flagship product the Henry Core Portfolio has returned about 7.5% annually after fees since inception. This is quite good compared to common benchmarks like the S&P 500. Invest with Henry provides a few different portfolio options based on your risk tolerance, time horizon and goals. Its income focused portfolio has returned 5.5% on average, while the growth portfolio has seen 10% annualized returns. The tax-loss harvesting feature also boosts after-tax returns. Overall, the historical performance data makes a solid case for Invest with Henry’s investing strategies and models.
Low fees compared to traditional advisors
Invest with Henry stands out with its competitive fee structure, a major perk of automated investing platforms. Its annual advisory fee is just 0.5% of assets under management for the basic digital plan. This is considerably cheaper than traditional financial advisors who often charge 1% or more. There are no trading commissions, account minimums or any other hidden fees. The 0.5% fee is an all-in cost covering the account management, portfolio construction, rebalancing, analytical tools and customer support. Invest with Henry focuses on keeping costs low so clients keep more of their investment returns. The fee schedule is fully transparent with no surprises down the line.
Account security and regulatory safeguards
As a registered investment advisor, Invest with Henry operates under fiduciary duty and is held to strict regulatory standards. It is subject to annual audits and SEC examinations to validate its security practices, investment protocols and compliance procedures. Invest with Henry employs bank-level encryption, secure client portals and multi-factor authentication to protect accounts and personal data. All customer assets are custodied with well-capitalized third party institutions like Apex Clearing Corporation. Furthermore, SIPC insurance protects cash and securities in client accounts up to $500,000. The combination of advanced security features and regulatory oversight helps provide safety for investors.
Easy to use digital platform and mobile app
Invest with Henry aims to provide a simplified, stress-free investing experience. Users can conveniently open, manage and monitor their accounts via Henry’s website and mobile app. The onboarding process is quick and intuitive with guided questionnaires to determine your investment plan. Ongoing account management is seamless with easy to understand performance dashboards, notifications for deposits/withdrawals, portfolio rebalancing alerts and more. Henry’s algorithms handle the portfolio construction, optimization and trading so you don’t have to. For hands-off investors that value simplicity and ease of use, Henry delivers on both fronts.
Personalized portfolios with ESG options
While Invest with Henry emphasizes automation for efficiency, it does allow for customization based on your specific needs. You can select from multiple risk-based portfolio strategies and further tailor your investments by excluding certain sectors or stocks. Invest with Henry also offers socially responsible investing options for those that want portfolios aligned with environmental, social and governance (ESG) principles. Its values-based overlay screen excludes companies with poor ESG track records. Beyond portfolio personalization, Henry provides useful retirement planning tools as well like tax-loss harvesting and automated IRA contributions.
Overall, Invest with Henry presents a compelling option for hands-off investors that want professional management at an affordable price. Its strong historical returns, low fees, security features and digital convenience make for an excellent robo-advisor. While past performance is no guarantee of future results, Henry’s disciplined approach gives it potential to keep generating good long-term returns.