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Pros
Cons
What Is Fruitful and How Does It Work?
CFP consultations include 1-to-1 video sessions on topics ranging from creating financial blueprints to organizing finances and growinglong-term wealth.
Ongoing check-ins are a regular feature, but customers can message their advisors at any time for additional assistance.
Key Features
Here are some of the top features that Fruitful offers its customers.
Benefits: Access to CFP Professional
Most financialappsdont offer access to investment advisors at all.
Fruitful not only provides customers with unlimited, full-service advisors, all are Certified Financial Planners.
Some competitors do provide CFP access, but that usually comes at a much higher cost.
The Fruitful apps all-in-one cost includes CFP access at no additional charge.
APY: High-Yield Savings Account
Fruitful offers ahigh-yield savings accountthat pays an outstanding APY.
Fruitful is one of the few apps that doesnt charge an annual fee.
Most annual fees are a percentage of customer assets for this service.
Customers can also schedule unlimited video or phone sessions with their own dedicated Fruitful Guide at any time.
However, two of the most popular robo-advisors have some combination of those services and offer a competitive option.
Facet
Facet offers many of thesame investment optionsas Fruitful, although it does lack a robo-advisory service.
With Facet, however, investors also gain unlimited messaging access to CFP professionals and never pay commissions.
Fees are higher at Facet, though.
Range also offers a 5.1% APY on its cash account.
How To Apply
you could apply for the Fruitful Financial app on the companys website.
Youll have to providebasic personal and financial information.
This includes your name, address, date of birth, Social Security number and banking information.
You would need to provide your current bank account and routing number so you might fund your account.
FAQ
Rates are subject to change; unless otherwise noted, rates are updated periodically.
All other information on accounts is accurate as of Aug. 26, 2024.
