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Paladin Research Report for: Aspiration Fund Adviser

Aspiration

Paladin Transparency Index (PTI)

3.0

Data compiled from company, regulatory agency (SEC, FINRA), and third party websites. Did Not Disclose (DND) means Paladin could not find this information on the Internet. Advisory firms can submit updated information to Paladin Research. Paladin will update the OFA report if it can validate the information.

  • Type of Financial Firm: Online Financial Advisor (OFA)
  • URL: www.aspiration.com
  • Year Established: 2013
  • Headquarters Location: Los Angeles, CA
  • Most Recent Update: 8/11/15

Types of Financial Services

  • Portfolio management

Registration & Licensing

  • SEC: 801-80317
  • CRD: 169854
  • IARD: 169854
  • Disclosures (SEC.gov): No

Contact Information

  • Email: hello@aspiration.com
  • Telephone: 800-683-8529
  • Human Contact: Yes
  • Type of Contact: Email, phone, live chat, twitter

Minimums

  • Minimum Asset Requirement: $500
  • Minimum Fee: None
  • Free Offer(s): You can open an account for free, and because you "pay what you feel is fair" you could opt to pay nothing.

Combined Fees

  • Service Initiation Fees: None
  • Annual Fee: "Pay what you feel is fair"
  • Annual Third Party Fee(s): Possibly
  • Examples of Third Parties: ETF's, Index Funds, Mutual Funds, Broker/Dealers

Scope of Business

  • Number of Users: 600 (Source: ADV; as of 8/11/15)
  • Assets (Paid): $ 2,166,479 (Source: ADV; as of 8/11/15)
  • Assets (Free): DND

Investment Services

  • Number of Portfolios: 1
  • Types of Investments: Mutual Funds, ETF's
  • Investment Managers: Aspiration Fund Adviser

Additional Investment Services

  • Data Aggregation Services: No
  • Tax Loss Harvesting: No
  • Rebalancing: Yes
  • Account Liquidity: Usually takes 1-3 days
  • Investor Discretion: No

Additional Information

  • Clearing & Custody: UMB
  • Mobile Application: No

Paladin Transparency Rating (PTI)

  • 3.0

Interview

  • None

Comments

  • Sign up on their invitation list, they will let you know where you are in the line to open an account. They will donate a dime out of every $ they earn to successful charities focused on bringing economic opportunity to struggling Americans.

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