We are a financial platform that finds hidden fees charged by your financial institution and helps you lower them.
We securely link to your investment institutions and review your records for investent fees. We then calculate the impact of those fees over time. If you're fees are too high, we'll help you lower them by either speaking directly with your investment advisor or connecting you with a financial professional who can assist.
Your custom report is 100% free! If you chose the negotiation route, we charge 40% of your first year’s savings (only if we're successful). So, if we save you $1,000 in the first year, you keep $600. You then keep the full savings each year after! If instead, you'd like us to connect you with a new financial institution or professional, you don't pay us a dime.
Yes. Security and privacy have been top priorities at Compoundly since day one, which is why we use leading industry protocols and military-grade login encryption. To access your investment history, we use Plaid which is trusted by Visa, Bank of America, Amex, and Venmo. Compoundly does not have access to your login credentials. All data is reviewed as read-only, which means we can’t make any changes to your investments or investment accounts.
No. We only require that your investment account has been open for at least three months.
No. We are a third-party educational platform helping everyday people invest with greater confidence.
No. We request permission to assess fees, but we cannot recommend investments or make trades. The only thing we do is negotiate your fees or connect you with financial professionals.
Of course! We are a small team and our technology is backed by real humans. If you have a question, email us at email@example.com and we'll get back to you soon!
To log in, simply click the “Sign In” button located at the top right corner of our website.
To reset your password, click “Forgot Password” on the login page or click here and follow the prompts.
To delete your information, email us at firstname.lastname@example.org and someone from our team will be in touch!
Navigate to the report page and click on the box with your institution's name and balance. From here, you may click "Connect another account".
Navigate to the report page and tap on the box with your name at the bottom of the screen. From here, you may click "Connect another account".
Currently, we only offer our service for your initial finance report. Join our mailing list here for updates as we continue to grow our services.
Although we accommodate over 20,000 institutions, there are some we currently do not. If you can’t find your institution, please email us at email@example.com.
If you are having trouble selecting your institution, email us at firstname.lastname@example.org and we’ll be happy to help you get set up.
We created these charts to help you better understand the various fees you may be incurring:
|Investment Management / Advisory Fee||The fee charged by your financial advisor to manage your portfolio.||Ongoing|
|Annual Operating Expenses / Expense Ratio||Various fees deducted from a fund’s assets, such as management, distribution, service, and expense fees.||Ongoing|
|Redemption Fees||Redemption fees are charged when shares are sold from a fund too early. They are often used as penalties to discourage short-term trading. Other names include: exit, market timing, or short-term trading fees.||Transaction|
|Sales Load (Front/Back)||Sales loads, like commissions, pay financial professionals for selling mutual funds to you. They can be assessed at the time of investment, known as front-end, or assessed if you resell the fund early, known as back-end.||Transaction|
|Brokerage Fee||An umbrella term for fees charged by brokers to manage your account. Brokerage fees can include: annual, inactivity, research, trading, paper statement, account closing, or transfer fees.||Ongoing|
|Commissions||The fee charged when a broker or your advisor buys or sells an investment.||Transaction|
Once we have tallied up your fees, you authorize Compoundly to negotiate with your financial advisor. Ideally we are able to do this on your behalf, but in some cases the financial advisor may require you to join us. In either case, our negotiation experts works to lower your fees.
No. You only pay 40% of one year’s savings and enjoy reduced fees for life.
Email email@example.com. If your negotiation has not been completed, we will cancel it and you won’t be charged.