I think it's important to note here that their fee is $12 a year. That's a lot more in line with "paying for a good experience" than "paying for investment advice". I don't think this $12 a year product falls into the same reference class as typical financial advisors.
I think it's important to note here that their fee is $12 a year.
I don't see how this is a meaningful number. The cost to the user is much higher since they're now stuck in a high-fee fund. And I'm pretty sure that a lot of Stash's revenue comes from something other than $12/user/year. In particular, high-fee funds tend to pay commissions to those who sell them.
Another month, another rationality quotes thread. The rules are: