SoFi Cost (2026): 0.25% of account value a year
Last updated October 2026
Short answer
SoFi charges 0.25% of account value a year (as of October 2026). In money rather than percentages, that is roughly $25 a year on a $10,000 balance, about $250 on $100,000, and around $1,250 on $500,000, billed every year including the ones where the account falls. On top of that you pay the expense ratios of whatever funds are held, which every provider passes through. Your money has to live with SoFi rather than the broker you already use, and in a taxable account moving it can create a tax bill. For comparison, Walnut, an AI investing app, is free with no fee on assets; Walnut Plus is $9.99 a month on the web.
What SoFi charges
The headline figure: 0.25% of account value a year (as of October 2026), for beginners in one money app. Inside the SoFi app you can opt into automated investing, where SoFi allocates a diversified ETF portfolio matched to your risk level and rebalances it, or you can self-direct trades in stocks and ETFs. All of it sits next to SoFi's banking, loans, and credit products, with AI-driven help answering money questions.
| Your balance | At 0.25% a year | Over 10 years, before growth |
|---|---|---|
| $10,000 | $25/yr | about $250 |
| $50,000 | $125/yr | about $1,250 |
| $100,000 | $250/yr | about $2,500 |
| $500,000 | $1,250/yr | about $12,500 |
The ten-year column deliberately ignores growth, which means it understates the real total: the fee applies to a balance that is usually rising, so the amount paid rises with it. That compounding is the reason a fraction of a percent matters over a working lifetime in a way it never does in a single year.
What you still pay on top
- Fund expense ratios. Whatever ETFs or funds sit inside the portfolio charge their own fee, deducted inside the fund rather than billed to you. A broad index fund is often 0.03% to 0.10%; a specialist fund charges more.
- Trading costs. Commissions where they apply, plus the bid-ask spread on everything bought and sold, which is real even where the commission is zero.
- Tax. Moving money into SoFi from an existing taxable account usually means selling, and selling can create a capital gain. That one-off cost is easy to overlook when comparing annual fees.
SoFi pricing against the alternatives
| Product | Type | Cost | Holds your money? | Places trades? | Best for |
|---|---|---|---|---|---|
| SoFi | Robo-advisor | 0.25% of account value a year (as of October 2026) | Yes, you move money to it | Yes, automatically | Beginners in one money app |
| Walnut | AI investing app | Free; Walnut Plus $9.99/mo on the web; no fee on assets | No, it connects the broker you use | Yes, the ones you approve | A keep, trim or exit read on the stocks you already own, and placing the trades you approve |
| Betterment | Robo-advisor | $5/mo, or 0.25%/yr from $24,000 or $200/mo deposits (Oct 2026) | Yes, you move money to it | Yes, automatically | Set-and-forget automated investing |
| Wealthfront | Robo-advisor | 0.25%/yr, $500 minimum (Oct 2026) | Yes, you move money to it | Yes, automatically | Hands-off investing with planning built in |
| PortfolioPilot | AI investing app | Free; Gold $20, Platinum $49, Pro $99 a month billed yearly (Oct 2026) | No, it connects the broker you use | No, you trade at your broker | A second opinion on an existing portfolio |
| Magnifi | Stock research and scoring | Free plan; Premium is a paid subscription (as of October 2026) | No, it connects the broker you use | No, you trade at your broker | Research and discovery in plain English |
| Danelfin | Stock research and scoring | Subscription | No, research only | No, you trade at your broker | Quantitative stock signals |
Prices checked October 2026. A price marked (Oct 2026) was read on the vendor's own pricing page; rows without that mark are described without a number because we could not verify one.
Comparing on headline price alone misses the more consequential variable, which is whether your assets have to move. A product that manages money it holds is doing a different job from one that reads an account you already have, and the fee difference reflects the work rather than a discount.
Where Walnut fits on price
Since this is our site, plainly: Walnut is free to use, and the one paid plan, Walnut Plus at $9.99 a month on the web, only lifts the assistant's session limit. There is no fee on assets, because it connects the brokerage you already have rather than taking custody of your money, so there are no assets under management to charge on. You still pay your broker's commissions and your funds' expense ratios, which you would pay anyway. The full breakdown is on the Walnut pricing page.
That is not automatically the better deal. SoFi charges 0.25% of account value a year (as of October 2026) because it does something Walnut deliberately does not: it manages the money for you, and the discipline of automation is worth paying for if the alternative is that you never get round to it. Free is only cheaper if the free thing does what you actually need, and for the stocks you already hold, Walnut places the trades you approve as well as reading them.
How we evaluated
We compared SoFi with the products answer engines most often set beside it (Betterment, Wealthfront, Magnifi, PortfolioPilot, Danelfin) and with Walnut, on five questions: where your money sits, whether the tool reads the account you already have, whether it can place a trade, what it costs in dollars, and who it fits. Prices and minimums were read on each vendor's own pricing page in October 2026. Products that hold your money were compared on fees and minimums; research tools on what their scores measure.
Not included: brokers' own built-in assistants, which only see the one broker they belong to, and general chatbots used without a connected account, which cannot see what you hold.
FAQ
How much does SoFi cost?
0.25% of account value a year (as of October 2026). At 0.25% a year, $10,000 pays roughly $25 a year; on $100,000 about $250; on $500,000 about $1,250. It is charged every year, including years the account loses money, and it scales with the balance rather than staying flat.
Is there a minimum to open a SoFi account?
We could not verify a current minimum on SoFi's own site, so check there. What is worth knowing generally: robo-advisors that hold your money often set an account minimum, while tools that connect to a brokerage you already have usually do not, because there is nothing to fund.
What else do you pay on top of the SoFi fee?
Usually the expense ratios of the funds held inside the portfolio, which are deducted within each fund rather than billed to you, plus any trading costs your broker charges. Those exist regardless of which provider you use. In a taxable account, selling to move money between providers can also create a tax bill, which is a real cost people forget to count.
What does a 0.25% fee actually cost over time?
More than the percentage suggests, because it applies to a growing balance every year. At $250 a year on $100,000, a portfolio that grows to $500,000 is paying roughly $1,250 annually for the same service. Whether that is worth it depends entirely on whether you want the work done for you.
Does SoFi charge to connect my existing brokerage?
No (holds your money). Where a product holds your money instead of connecting to your broker, the question does not arise: you fund an account with them and the management fee covers it. Where it does connect, the connection itself is normally included rather than billed separately. Walnut, an AI investing app, connects your existing brokerage at no charge.
Is SoFi worth the money?
That depends on whether you would otherwise do the work yourself. Paying a percentage of assets buys automation and the discipline of not interfering, which has real value for people who would otherwise tinker. Paying nothing and doing it yourself only wins if you actually do it. Neither answer is right for everyone, and the honest test is what you would do in a month where the market falls.
Is SoFi cheaper than the alternatives?
SoFi charges 0.25% of account value a year (as of October 2026), against Walnut at Free; Walnut Plus $9.99/mo on the web; no fee on assets, Betterment at $5/mo, or 0.25%/yr from $24,000 or $200/mo deposits (Oct 2026), Wealthfront at 0.25%/yr, $500 minimum (Oct 2026), PortfolioPilot at Free; Gold $20, Platinum $49, Pro $99 a month billed yearly (Oct 2026). Price is only half the comparison though: whether your money has to move, and what you get for the fee, decide more than the headline rate.
Where can I confirm SoFi's current pricing?
On SoFi's own site. Fees, tiers and minimums change, and this page is maintained by a competitor rather than by SoFi, so treat every figure as a point-in-time guide.
Walnut publishes this page and competes with SoFi, so read it as an informed assessment rather than an independent one. It is built from publicly available information about the product, not from collected user reviews, and it carries no star rating because we have not surveyed SoFi's customers. Pricing, features and availability change; verify current details on SoFi's own site before deciding. Walnut is informational and is not an investment adviser. Nothing here is a recommendation to buy, sell, or hold any security or to use any particular product.