SoFi Blog

Your investment advice relationship is with SoFi Wealth, LLC, a Registered Investment Advisor that is registered with the Securities and Exchange Commission. Transactions in your account are introduced (as “agent for custody”) to an independent custodian, Apex Clearing, by SoFi Securities, an affiliated company that is a FINRA registered Broker Dealer. Your securities and money are held by a third party clearing firm (or “custodian”), Apex Clearing, who is also a FINRA registered Broker Dealer.

Your account is invested in assets that may lose value. However, SoFi Securities LLC, and the custodian of securities, Apex Clearing, are members of the Securities Investor Protection Corporation (SIPC). SIPC protects the securities in your brokerage account up to $500,000, including $250,000 for claims for cash. For more details, visit
www.sipc.org .

Creating an account and scheduling a deposit takes just a few minutes. Once the account and bank information is approved, it can take up to 1-2 business days for funds to post to the account. Once the deposit is received, the funds will be invested in the target portfolio as quickly as possible.

No, they are separate offerings. The funds in your automated investing account go into a mix of ETFs and mutual funds determined by your investment strategy.

Absolutely! SoFi Invest can accommodate a range of retirement accounts and rollover options. We offer Traditional, Roth, Rollover and SEP IRAs. For instructions on rolling over your 401(k) or IRA, please visit our Help Center Article: Can I transfer an existing IRA or 401k to SoFi?