Chime launches Chime Invest

Banking startup Chime announced the launch of Chime Invest, which allows users to buy stocks and ETFs commission-free.

The new offering also gives users the option to choose an “expert-built,” diversified portfolio personalized to their goals and risk profile, managed by Atomic Invest, an SEC registered investment adviser.

Managed portfolios have no account balance minimums and have no management fees for Chime Prime members, a 0.10% annual management fee for Chime Plus members, and 0.25% for all other Chime members.

“The hardest part of investing is often getting started and sticking with it. Millions of people already trust Chime with their money every day. By bringing investing into the app they already know and love, we’re making it easier to turn saving into investing and investing into long-term wealth.” – Chris Britt, CEO and Co-founder of Chime.