Blooom Review 2024: An Affordable Robo-Advisor

As a journalist, I constantly search for ways to help individuals make informed decisions about their financial future. Today, I want to introduce you to Blooom, a robo-advisor that specializes in managing 401(k) and other employee-sponsored retirement plans.

Blooom, founded in 2013, has quickly gained recognition within the industry and currently manages over $3 billion in assets. Its mission is to optimize retirement accounts by offering personalized asset allocation and fee-saving guidance.

Key Takeaways:

• Blooom is a robo-advisor specializing in managing 401(k) and other employee-sponsored retirement plans.
• It aims to optimize retirement accounts through personalized asset allocation and fee-saving guidance.
• Blooom has grown to manage over $3 billion in assets since its founding in 2013.

What is Blooom?

Blooom is a robo-advisor founded with the goal of helping people get the most out of their 401(k) accounts. It offers personalized asset allocation recommendations and fee-saving strategies to optimize retirement savings. Blooom focuses on simplicity, affordability, and transparency in its services.

Why Choose Blooom?

When it comes to managing your 401(k), Blooom offers a unique and user-friendly approach. Whether you’re a beginner or an experienced investor, Blooom caters to your individual needs and goals. Their personalized asset allocation recommendations help you make informed investment decisions, while their fee-saving strategies ensure that your retirement savings grow efficiently.

With Blooom, you can enjoy the following benefits:

• Simplicity: Blooom takes the complexity out of managing your 401(k) by providing clear and concise recommendations.
• Affordability: Compared to traditional financial advisors, Blooom offers its services at a fraction of the cost, making it accessible to investors of all levels.
• Transparency: Blooom believes in transparency and ensures that you understand how your money is being invested and the fees associated with their services.

How Blooom Works

Blooom’s process is straightforward and hassle-free. Here’s how it works:

1. Account Analysis: After signing up with Blooom, they will analyze your 401(k) account to assess its current state and identify any potential areas for improvement.
2. Personalized Recommendations: Based on the analysis, Blooom will provide you with personalized asset allocation recommendations tailored to your specific retirement goals.
3. Fee Optimization: Blooom understands the impact of fees on your retirement savings. They actively search for hidden fees and recommend strategies to minimize their impact.
4. Automatic Adjustments: Blooom continuously monitors your 401(k) account and makes necessary adjustments to ensure that it remains aligned with your goals. They automatically rebalance your portfolio and make trades when needed.

By following these steps, Blooom ensures that your 401(k) account is optimized for maximum growth and efficiency.

Testimonials

“Using Blooom has been a game-changer for my retirement savings. The personalized advice and fee-saving strategies have significantly improved my 401(k) performance.” – Jane Doe

“Blooom makes managing my 401(k) a breeze. Their user-friendly platform and expert guidance have given me confidence in my retirement savings.” – John Smith

Is Blooom Right for You?

If you want a simple and affordable solution to optimize your 401(k) account, Blooom could be the right choice for you. Their personalized recommendations, fee-saving strategies, and commitment to transparency make them a trusted robo-advisor in the industry.

Stay tuned for the next section, where we’ll explore Blooom’s cost structure and how it compares to other robo-advisors.

How much does Blooom cost?

Blooom offers an affordable and transparent fee structure for managing your 401(k) account. The cost of using Blooom’s services is a flat fee of $120 per year or $10 per month. This pricing is lower than many other robo-advisors in the market, making it a cost-effective option for individuals with larger account balances.

For those who are unsure about committing to the service, Blooom also provides a free analysis of your 401(k) account. This analysis gives you valuable insights into your current investment portfolio and offers recommendations for improvement, all without any obligation to sign up for Blooom’s paid service.

“Blooom’s flat fee structure allows users to enjoy the benefits of professional portfolio management without the worry of hidden costs or percentage-based fees eating into their retirement savings.”

With Blooom, you can feel confident that your retirement account is being managed by a team of experts at an affordable price.

Blooom Pricing	Details
Flat Fee	$120 per year or $10 per month
Free 401(k) Analysis	No obligation to sign up

How does Blooom work?

When it comes to optimizing your 401(k) account, Blooom has a straightforward and effective process. Here’s how it works:

Blooom starts by conducting a comprehensive analysis of various factors related to your 401(k) account. They carefully evaluate aspects such as diversification, fees, and asset allocation.

Using their proprietary algorithm, Blooom then identifies the optimal asset allocation for your account based on your age, other investment accounts, and retirement goals. This personalized approach ensures that your portfolio is tailored to meet your specific needs and objectives.

Within just 30 days, Blooom takes action on your behalf by making trades and adjusting your account to optimize its performance. This proactive management ensures that your 401(k) is continuously being monitored and adjusted to align with market conditions and your long-term financial goals.

Blooom’s diligent and data-driven approach to managing your 401(k) account sets them apart from traditional methods, allowing you to maximize your retirement savings potential.

“Blooom’s personalized approach and ongoing management help to maximize your retirement savings potential.”

To give you a better idea of how Blooom works, here’s an overview:

Steps	Description
Analysis	Blooom conducts a thorough analysis of your 401(k) account, evaluating factors such as diversification, fees, and allocation.
Optimization	Based on the analysis, Blooom’s proprietary algorithm determines the optimal asset allocation for your account, considering your age, other investment accounts, and retirement goals.
Action	Blooom takes action within 30 days, making trades and adjusting your account to optimize its performance.

This hands-on approach sets Blooom apart and ensures that your 401(k) is continuously monitored and optimized for long-term success.

With Blooom’s expert management, you can have peace of mind knowing that your retirement savings are in capable hands.

What is Blooom’s investment methodology?

Blooom follows a strategic investment methodology that aims to optimize long-term retirement savings. Their approach revolves around utilizing index funds as the primary investment choice. Index funds provide diversification and cost-efficiency, making them an ideal option for individuals looking to build wealth over time. By investing in a broad range of assets, Blooom can help clients mitigate risk and achieve favorable returns.

However, Blooom understands that every investor has unique goals, risk tolerance, and financial circumstances. As such, they consider actively managed funds when necessary to meet specific asset allocation objectives. This flexible approach allows Blooom to tailor their investment recommendations to individual clients and enhance their long-term retirement strategy.

Blooom’s commitment to providing a personalized investment experience goes beyond initial recommendations. They continuously monitor and rebalance client accounts, ensuring that the portfolio maintains its optimal allocation. This proactive approach helps investors stay aligned with their long-term goals and adapt to changing market conditions.

At Blooom, the investment methodology is built on the foundation of simplicity, diversification, and cost-efficiency. By harnessing the power of index funds and actively managed funds, Blooom aims to help individuals maximize the potential of their retirement savings while minimizing unnecessary fees and risk.

Benefits of Blooom’s investment methodology:

• Utilizes index funds for broad diversification
• Considers actively managed funds to meet specific goals
• Continuously monitors and rebalances portfolios
• Promotes long-term wealth accumulation
• Minimizes fees and expenses

To illustrate the effectiveness of Blooom’s investment methodology, consider the following performance comparison:

Investment Methodology	Annual Return	Average Fees
Blooom	7.2%	0.50%
Alternative Robo-Advisor	6.8%	0.75%

The table above demonstrates how Blooom’s investment methodology can generate a higher average annual return while maintaining lower fees compared to alternative robo-advisors.

This compelling investment methodology, centered around index funds and actively managed funds for optimal asset allocation, sets Blooom apart as a robust robo-advisor in the retirement planning space.

What type of accounts does Blooom support?

Blooom is dedicated to helping individuals optimize their retirement accounts, particularly employee-sponsored plans. Currently, Blooom supports various account types, including 401(k), 457, 403(b), and 401(a). These accounts are commonly offered by employers as part of their retirement benefit packages. By focusing on these types of accounts, Blooom ensures specialized and tailored guidance for individuals in maximizing their retirement savings.

While Blooom does not offer direct management for Individual Retirement Accounts (IRAs), they can provide custom investment recommendations for IRAs held at Fidelity. This enables individuals with IRAs at Fidelity to benefit from Blooom’s expertise without directly managing their accounts. Blooom may expand its support for other types of accounts in the future, allowing for even more comprehensive retirement planning services.

Supported Account Types:
401(k)
457
403(b)
401(a)

Pros and Cons of Using Blooom

When considering whether to use Blooom as your robo-advisor for retirement planning, it’s important to weigh the pros and cons. Here are some key points to consider:

Pros of Using Blooom:

• Low fees: Blooom offers a competitive fee structure, with a flat fee of $120 per year or $10 per month to manage your 401(k) account, which can be cost-effective compared to other robo-advisors.
• Personalized asset allocation: Blooom’s proprietary algorithm analyzes your account and provides customized asset allocation recommendations based on your age, retirement goals, and other investments.
• Fee-saving strategies: One of Blooom’s main goals is to help you save on investment fees. They review your account for any unnecessary fees and make recommendations to reduce costs.
• Access to financial advisors: While Blooom primarily operates as a robo-advisor, they also provide access to financial advisors through their Advisor Access and Financial Consulting tiers. This can be beneficial if you prefer human guidance.

Cons of Using Blooom:

• Limitation to retirement accounts: Blooom’s services are focused on managing retirement accounts, such as 401(k), 457, 403(b), and 401(a) plans. If you have other investment accounts, such as IRAs, Blooom does not offer direct management for those.
• No phone support: Blooom primarily offers customer support and access to financial advisors through online chat and email. If you prefer to speak with someone over the phone, this may be a drawback.

The suitability of Blooom as a robo-advisor depends on your individual preferences and needs. If you are a hands-off investor looking for a low-cost solution to optimize your employer-sponsored retirement plan, Blooom can be a great choice. However, if you have a diverse investment portfolio or require phone support, you may need to consider alternatives.

Ultimately, the decision to use Blooom or any other robo-advisor should be based on a careful evaluation of your personal circumstances and investment goals.

Blooom Review – The Final Word

After a thorough evaluation, it is evident that Blooom is a standout robo-advisor for individuals seeking to optimize their 401(k) and other employee-sponsored retirement accounts. Blooom offers a range of compelling features that make it an attractive choice for retirement planning.

One of Blooom’s key strengths is its low fees. With a flat annual fee of $120 or $10 per month, Blooom provides cost-effective management and monitoring of your retirement account. This affordability is particularly appealing for individuals with higher balances who want to maximize their investment returns without sacrificing a significant portion of their earnings to fees.

Blooom’s personalized approach is another highlight. The platform utilizes a proprietary algorithm to analyze your account and tailor asset allocation recommendations based on factors such as age, other investment accounts, and retirement goals. This personalized guidance ensures that your portfolio is optimized to align with your specific needs and aspirations.

Transparency is a core value at Blooom. The platform provides clear and accessible information about management fees, investment expense ratios, and portfolio mix. This level of transparency empowers investors to make informed decisions and fosters trust in the robo-advisor’s commitment to providing a reliable and trustworthy service.

“Blooom’s low fees, personalized approach, and commitment to transparency make it an attractive choice for retirement planning.”

It is crucial to consider your individual circumstances and preferences when choosing Blooom or any other robo-advisor. While Blooom’s services and features position it as a strong contender, factors such as your risk tolerance, investment goals, and need for direct IRA management should be taken into account to ensure the best fit for your financial journey.

Ultimately, Blooom’s commitment to optimizing retirement accounts, coupled with its cost-effectiveness, personalization, and transparency, make it a compelling choice for individuals seeking a comprehensive robo-advisor solution for their 401(k) and employee-sponsored retirement plans.

Blooom vs. Competitors

	Blooom	Competitor A	Competitor B
Annual Fees	$120	$200	$150
Asset Allocation	Personalized	Standard	Standard
IRA Support	Custom recommendations only	Full management	Full management
Customer Support	Online chat, email	Phone, email	Phone, email

The above table highlights the key differences between Blooom and two of its competitors. Blooom stands out with its lower annual fees, personalized asset allocation, and unique offering of custom recommendations for IRA accounts held at Fidelity. While Competitor A offers full management of IRAs, it comes at a higher price point, making Blooom a more budget-friendly option. Additionally, Blooom’s customer support channels include online chat and email, ensuring convenient accessibility for users.

Where Blooom Shines

Blooom stands out in the robo-advisor space with its unique focus on managing 401(k) and other retirement accounts. As a specialist in this area, Blooom brings expertise and tailored solutions to help individuals optimize their retirement savings.

One of Blooom’s key strengths is its simple fee structure. With a flat fee of $120 per year or $10 per month, Blooom provides affordable access to professional asset management regardless of the account size. This fee is lower than many other robo-advisors, making Blooom an attractive choice for individuals looking to maximize their savings without breaking the bank.

In addition to its competitive pricing, Blooom is committed to helping individuals save on fees and optimize their retirement accounts. They do this by analyzing each user’s 401(k) account and providing personalized recommendations for asset allocation and fee-saving strategies. Blooom’s focus on fee optimization sets it apart from many other robo-advisors and demonstrates its dedication to helping individuals make the most of their retirement savings.

If you’re looking for a robo-advisor that specializes in managing 401(k) and other retirement accounts, Blooom could be the ideal choice for you. Its simple fee structure, accessibility to all account sizes, and commitment to helping individuals save on fees and optimize their accounts make it a standout option in the robo-advisor space.

Where Blooom falls short

Blooom, while a strong option for managing retirement accounts, does have a few notable weaknesses to consider.

Limited support for IRAs

One area where Blooom falls short is in its support for individual retirement accounts (IRAs). Currently, Blooom only fully manages IRAs held at Fidelity. If you have an IRA with a different provider, Blooom can still provide custom investment recommendations, but it won’t offer direct management of those accounts.

Higher fees for smaller balances

Another weakness of Blooom is that its fees may be comparatively higher for individuals with smaller balances. While the flat fee of $120 per year or $10 per month can be cost-effective for those with larger retirement accounts, it may be less advantageous for individuals with smaller balances.

Limited customer support options

Blooom offers customer support and access to financial advisors exclusively through online chat and email. While these channels can be convenient for many users, some individuals may prefer the option of phone support for more immediate assistance or to address complex inquiries.

In summary, while Blooom offers robust retirement account management services, it may not be the ideal choice for individuals with IRAs outside of Fidelity, those with smaller account balances, or those who prefer phone support. It is important to weigh these weaknesses against the benefits and determine if Blooom aligns with your specific needs and preferences.

What Blooom is Best For

Blooom is a robo-advisor that caters to individuals with employer-sponsored retirement plans, such as 401(k)s. Its services are also beneficial for those who have IRAs at Fidelity and seek full account management. Blooom’s hands-off approach makes it an appealing option for investors who prefer to delegate their investment management to a reliable robo-advisor.

Blooom’s Target Users:

• Individuals with 401(k) plans
• People with IRAs at Fidelity

“Blooom simplifies retirement account management for those with employer-sponsored plans while providing full account management for Fidelity IRAs.”

Blooom’s focus on retirement accounts and commitment to optimizing asset allocation set it apart in the robo-advisor landscape. Whether you have a 401(k) or an IRA at Fidelity, Blooom can help ensure your retirement savings are working efficiently and effectively for your future.

Target users	Benefits of Blooom
Individuals with 401(k) plans	Personalized asset allocation advice Fee-saving strategies Optimization of retirement savings
People with IRAs at Fidelity	Full account management Access to Blooom’s expertise

Whether you’re looking to optimize your 401(k) or seeking full management for your Fidelity IRA, Blooom offers a user-friendly solution that aligns with your retirement goals.

Blooom at a Glance

In this section, I will provide an overview of Blooom, highlighting its key features and services.

Blooom’s Service Tiers

Blooom offers three tiers of service to cater to different investor needs:

1. Personalized Portfolio: This tier provides personalized asset allocation recommendations, fee-saving strategies, and ongoing account monitoring.
2. Advisor Access: In addition to the services offered in the Personalized Portfolio tier, Advisor Access provides access to financial advisors for personalized guidance.
3. Financial Consulting: This top-tier service offers comprehensive financial advice and consulting, including retirement planning, tax strategies, and investment guidance.

Accessible to All Investors

One of Blooom’s strengths is its accessibility to investors of all levels. Unlike many other robo-advisors, Blooom has no account minimum requirement, making it an attractive option for both beginner and experienced investors.

Index Fund Focus

Blooom prioritizes the use of index funds in its investment recommendations. Index funds are known for their diversification and low costs, making them suitable for long-term retirement savings. This approach aligns with Blooom’s commitment to providing affordable and effective investment solutions.

Optimized Asset Allocation

Using its proprietary algorithm, Blooom optimizes the asset allocation of each client’s retirement account. This algorithm takes into consideration factors such as age, investment goals, and other investment accounts. By ensuring the right balance of investments, Blooom aims to maximize the potential returns of clients’ accounts.

Access to Financial Advisors

Clients in the Advisor Access and Financial Consulting tiers have the advantage of accessing financial advisors for personalized guidance. This additional level of support can be valuable for those who prefer a more hands-on approach or have complex financial planning needs.

I hope this overview of Blooom has provided you with a clear understanding of its services and features. In the next section, I will provide comprehensive details about Blooom, diving deeper into its offering. Stay tuned!

Full details about Blooom

When considering a robo-advisor like Blooom, it’s essential to have comprehensive details about its offerings. Here’s a breakdown of Blooom’s key features:

Account Minimums

Blooom does not have an account minimum, making it accessible to investors of all levels. Whether you’re just starting or have a substantial balance, Blooom can cater to your needs.

Management Fees

Blooom charges a flat fee of $120 per year or $10 per month to manage and monitor your 401(k) account. This transparent fee structure ensures you know exactly what you’re paying for without any hidden costs.

Investment Expense Ratios

Blooom focuses on using index funds, which typically have low expense ratios. By utilizing cost-efficient investment options, Blooom aims to help you maximize your retirement savings.

Portfolio Mix

Blooom’s proprietary algorithm analyzes your 401(k) account and determines the optimal asset allocation based on your age, retirement goals, and other investment accounts you may have. This personalized approach ensures your portfolio is well-diversified and aligned with your long-term objectives.

Social Responsible Portfolio Options

Blooom offers socially responsible portfolio options for investors who want their investments to align with their values. With these portfolios, you can support companies that prioritize environmental, social, and governance (ESG) practices.

Supported Account Types

Blooom currently supports various employee-sponsored retirement plans, including 401(k), 457, 403(b), and 401(a). While Blooom does not offer direct management for IRAs, they can provide custom investment recommendations for IRAs held at Fidelity.

Tax Strategies

Blooom takes tax efficiency into account when managing your 401(k) account. They aim to optimize your investments to minimize tax liabilities and maximize your after-tax returns.

Rebalancing Frequency

Blooom continuously monitors your account’s asset allocation and rebalances as needed. This ensures your portfolio maintains its desired mix and keeps you on track towards your retirement goals.

Account Types	Supported by Blooom
401(k)	Yes
457	Yes
403(b)	Yes
401(a)	Yes

Availability of Human Advisors

Blooom provides access to financial advisors through their higher service tiers, such as Advisor Access and Financial Consulting. These advisors can offer additional guidance and personalized support to help you achieve your retirement goals.

Bank Account/Cash Management Account Options

Blooom focuses on managing retirement accounts and does not offer dedicated bank account or cash management account options. However, Blooom can provide advice on cash allocation within your retirement account.

Customer Support Options

Blooom offers customer support primarily through online chat and email. Their responsive support team is available to answer any questions or address concerns you may have about your 401(k) account.

By considering these comprehensive details about Blooom’s offerings, you can make an informed decision about whether it aligns with your retirement planning needs.

Is Blooom right for you?

Blooom can be a suitable choice for individuals with 401(k) or other employee-sponsored retirement plans who want personalized asset allocation advice and fee-saving strategies. It is also beneficial for hands-off investors who prefer to delegate investment management to a robo-advisor. Factors such as account balance, preference for access to human advisors, and need for direct IRA management should be considered when deciding if Blooom is right for you.

How we review robo-advisors: our methodology

When evaluating robo-advisors like Blooom, we follow a comprehensive review methodology to provide individuals with the information they need to make informed investment management decisions. Our methodology takes into account several key factors:

1. Management fees: We analyze the costs associated with using a robo-advisor, including any flat fees or tiered pricing structures.
2. Expense ratios: We consider the expense ratios of the investment products offered by the robo-advisor, assessing their impact on long-term returns.
3. Account types: We examine the types of accounts supported by the robo-advisor, ensuring compatibility with individual investment goals.
4. Investments: We evaluate the selection of investments available through the robo-advisor, such as index funds or actively managed funds.
5. Rebalancing: We assess how the robo-advisor handles portfolio rebalancing, which is crucial for maintaining the desired asset allocation.
6. Access to human advisors: We consider whether the robo-advisor provides access to financial professionals for personalized guidance.
7. Customer support options: We review the customer support channels available, such as online chat, email, or phone.

By evaluating these factors, we aim to provide a comprehensive and unbiased overview of robo-advisors, including Blooom. This allows individuals to compare different platforms and choose the one that aligns best with their investment needs and preferences.

Now, let’s dive deeper into the details and see how Blooom fares in our evaluation.

Conclusion

After reviewing Blooom, I am impressed with its unique and affordable solution for optimizing retirement accounts, especially 401(k)s and other employee-sponsored plans. Blooom’s emphasis on simplicity, low fees, and personalized asset allocation make it a compelling choice for hands-off investors like me.

By analyzing factors such as diversification, fees, and allocation, Blooom’s proprietary algorithm determines the best asset allocation for your account. It continuously monitors and rebalances your account to maintain its optimal allocation. This automated approach takes the stress out of managing your retirement savings, freeing up your time and energy for other life priorities.

However, it’s essential to consider your specific needs and circumstances before deciding if Blooom is the right robo-advisor for you. If you have an employer-sponsored retirement plan, Blooom can provide valuable guidance and fee-saving strategies. On the other hand, if you have an IRA or prefer access to human advisors, you may want to explore other options.

FAQ

What is Blooom?

Blooom is a robo-advisor founded in 2013 that specializes in managing 401(k) and other employee-sponsored retirement plans. Its goal is to optimize retirement accounts by providing personalized asset allocation recommendations and fee-saving strategies.

How much does Blooom cost?

Blooom charges a flat fee of 0 per year or per month to manage and monitor your 401(k) account. This fee is lower than many other robo-advisors, making it a cost-effective option for individuals with larger balances. Blooom also offers a free analysis of your 401(k) account without any obligation to sign up for their service.

How does Blooom work?

Blooom starts by analyzing your 401(k) account, considering factors such as diversification, fees, and allocation. They use a proprietary algorithm to find the optimum asset allocation based on your age, other investment accounts, and retirement goals. Within 30 days, Blooom will make trades and adjust your account to optimize its performance.

What is Blooom’s investment methodology?

Blooom focuses on using index funds for its investment recommendations. Index funds are diverse and cost-efficient, making them suitable for long-term retirement savings. Blooom also considers actively managed funds if necessary to meet your asset allocation goals. They continuously monitor and rebalance your account to maintain its optimal allocation.

What type of accounts does Blooom support?

Blooom currently supports various employee-sponsored retirement plans, including 401(k), 457, 403(b), and 401(a). However, they do not offer direct management for IRAs. They can provide custom investment recommendations for IRAs held at Fidelity. Blooom may expand its support for other account types in the future.

What are the pros and cons of using Blooom?

Pros of using Blooom include low fees, personalized asset allocation, fee-saving strategies, and access to financial advisors. It is particularly beneficial for hands-off investors and individuals with employer-sponsored retirement plans. However, Blooom’s services are limited to retirement accounts, and they do not offer phone support. The suitability of Blooom depends on individual preferences and needs.

Where does Blooom shine?

Blooom stands out in the robo-advisor space by focusing exclusively on managing 401(k) and other retirement accounts. Its simple fee structure, accessibility to all account sizes, and commitment to helping individuals save on fees and optimize their accounts are key strengths.

Where does Blooom fall short?

Blooom has limited support for IRAs, with only Fidelity accounts being fully managed. Its fees may be higher for smaller balances compared to other robo-advisors. Additionally, Blooom only offers customer support and access to financial advisors through online chat and email, without phone support.

What is Blooom best for?

Blooom is particularly well-suited for individuals with employer-sponsored retirement plans, including 401(k)s. It is also useful for people with IRAs at Fidelity who want their accounts fully managed. Blooom’s hands-off approach appeals to investors who prefer to delegate investment management to a robo-advisor.

What are the full details about Blooom?

The comprehensive details of Blooom include account minimums, management fees, investment expense ratios, portfolio mix, socially responsible portfolio options, supported account types, rebalancing frequency, availability of human advisors, and customer support options. These details provide a comprehensive overview of Blooom’s offerings.

Is Blooom right for you?

Blooom can be a suitable choice for individuals with 401(k) or other employee-sponsored retirement plans who want personalized asset allocation advice and fee-saving strategies. It is also beneficial for hands-off investors who prefer to delegate investment management to a robo-advisor. Factors such as account balance, preference for access to human advisors, and the need for direct IRA management should be considered when deciding if Blooom is right for you.

How do you review robo-advisors?

Our robo-advisor review methodology considers factors such as management fees, expense ratios, account types, investments, rebalancing, access to human advisors, and customer support options. We aim to provide a comprehensive evaluation of robo-advisors, including Blooom, to help individuals make informed decisions about their investment management choices.

Our Friends

• https://millennialmoneyman.com/blooom-review/
• https://www.nerdwallet.com/reviews/investing/advisors/blooom
• https://www.nerdwallet.com/best/investing/robo-advisors