![]() M1 Finance is set up to trade the minimum shares needed to establish the new allocation. As you get older and closer to retirement, you’ll want to trade from longer time-to-retirement Pies to shorter ones. ![]() We did this to avoid having to periodically update the allocations. “Instead of naming our M1 Merriman Aggressive Target Date Fund Pies by year of retirement, we’ve named them by the number of years you have until retirement. M1 Finance doesn’t support online sign up for UGMA (custodial minor accounts), but does support them through a paper process.Investors will need to manually update, or come back and re-click the short-cut links to synchronize over time. M1 Finance Merriman Pies are just a setup shortcut so any changes in recommended ETFs or allocations (as happens with the target date funds) will not be sent to investors as notifications.M1 Finance accounts have a “Portfolio” at their top level which can be made up of “Pies” that include asset allocations which are stable and don’t drift with market values.M1 Finance automatically invests cash in the account anytime there is more than $10.M1 Finance trades are all executed at 9:00 AM Central Time. ![]()
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