4 ms·
How do you make money?
by Rainymood 9y ago
How do you make money?
- matt_the_bass 9y agoYes. Please add details about this on the site. Without them I feel skeptical.
- rryyan 9y agoGood question, we of course need revenue to serve our customers and grow. The short answer is that brokerages can make money from the assets held in their accounts and from handling customer trades. And compared to legacy brokerages, being digital-first allows M1 to minimize costs and offer our investing service without commission fees. Our founder and CEO goes into more detail about our sources of revenue in this blog post: https://blog.m1finance.com/m1-is-now-free/ https://blog.m1finance.com/m1-is-now-free/. (Look for the section "How We’ll Make Money".)