What’s a Smart Investing account?
It's an automated investment account that’s matched to your goals and risk tolerance. Your money goes into a portfolio of Exchange Traded Funds (ETFs) and is managed for you, so you don't have to pick investments or decide when to buy and sell.
Atomic Invest LLC, an SEC-registered investment adviser, manages the day-to-day investing for you based on the portfolio you select.
Tiered advisory fees apply to your Smart Investing account based on your Cleo subscription: Free 0.99%, Plus 0.75%, Pro 0.45%, and Builder 0.25% per year. These are in addition to your Cleo subscription fee and the ETFs' own expense ratios.
How is my portfolio chosen?
When you apply, you'll answer a few questions about your goals and how much risk you're comfortable with.
Based on your answers, Atomic Invest matches you with 1 of 3 portfolios: Cautious, Balanced, or Ambitious.
Can I choose a different portfolio?
Yes. Changing your portfolio changes the investment profile Atomic Invest uses to manage your account, and switching may involve selling investments, which can have tax consequences.
Go to Wealth
Select your Smart Investing account
Select Switch
Changes may take a few business days to show up.
How is my portfolio managed?
Atomic Invest LLC, an SEC-registered investment adviser, manages your portfolio. Your money is spread across a diversified mix of funds based on the portfolio you chose.
Over time, some funds grow faster than others. Atomic rebalances your portfolio automatically, buying and selling to bring your mix back on target. Rebalancing involves buying and selling investments in your account and may have tax consequences.
What if I have other questions about my portfolio?
Atomic's support team can help.
Will I owe taxes on my Smart Investing account?
A few things can create a tax impact:
Selling investments. Withdrawing money usually means selling some of your investments, which can create a capital gain or loss.
Changes inside your portfolio. Atomic Invest manages your portfolio and may buy or sell investments to keep it on track. That can create gains or losses even if you haven't moved any money.
Dividends and interest. Money your investments pay out is generally taxable in the year you receive it, even if it stays in your account.
Closing your account. Closing sells everything in your account, which can have a tax impact.
Atomic Brokerage, not Cleo, prepares your tax documents. You'll get a 1099 composite covering the prior tax year and you can find it in your Cleo app.
Investment advisory services provided by Atomic Invest LLC. Brokerage services provided by Atomic Brokerage LLC, member of FINRA/SIPC. Investments in securities: Not FDIC Insured, Not Bank Guaranteed, May Lose Value. Investing involves risk, including the possible loss of principal.
Cleo has engaged Atomic Invest LLC (“Atomic”), an SEC-registered investment adviser, to bring you the opportunity to open an investment advisory account with Atomic. Companies which are engaged by Atomic receive compensation of 0% to 1.15% of assets under management annualized, payable monthly, for each referred client who opens an Atomic account and may receive a percentage of margin and free cash interest earned by clients, which creates a conflict of interest. See the Atomic Invest Promoter Disclosure Statement.
Brokerage services for Atomic are provided by Atomic Brokerage LLC, a registered broker-dealer and member of FINRA/SIPC and an affiliate of Atomic, which creates a conflict of interest. For more details about Atomic Invest, please see the Form CRS, Form ADV Part 2A, and Privacy Policy. For more details about Atomic Brokerage, please see the Form CRS, General Disclosures and fee schedule. Check the background of Atomic Brokerage on FINRA’s BrokerCheck.
Neither Atomic Invest LLC nor Atomic Brokerage LLC, nor any of their affiliates is a bank. Investments in securities: Not FDIC Insured, Not Bank Guaranteed, May Lose Value. Investing involves risk, including the possible loss of principal. Before investing, consider your investment objectives and fees and expenses charged. Advisory services through Atomic are not to be construed as tax advice or financial planning and do not take into consideration investments that clients may hold outside of Atomic.
Before investing in an ETF, you should read the prospectus, which provides detailed information on the ETF’s investment objective, principal investment strategies, risks, costs, and historical performance (if any), among other things. Prospectuses can be found on the ETF issuer’s website. ETFs are bought and sold at market price, which can vary from the Net Asset Value of the fund. Rebalancing and other fund activities may result in tax consequences.
This content is for educational purposes only and is not intended as investment advice or a recommendation of any specific investment or strategy.