M1

M1 Finance is a financial technology company that offers an all-in-one money management platform. It provides robo-advisory investment services, brokerage accounts, digital checking accounts, and lines of credit. The company has over $6 billion in assets under management and more than 500,000 members.M1 Finance was founded in 2015 by Brian Barnes and is based in Chicago. The platform allows users to trade a variety of financial assets, including stocks, ETFs, and fractional interests. It also offers margin loans, automatic rebalancing, automatic dividend reinvestment, and cash management services.While M1 Finance offers checking accounts and debit cards, it is important to note that it is not a bank. The checking accounts are provided by Lincoln Savings Bank, which is a member of the FDIC. The M1 Visa debit card is also issued by Lincoln Savings Bank.M1 Finance is insured by the Securities Investor Protection Corporation (SIPC), which provides protection for the securities held in users’ portfolios and the cash in their brokerage accounts.Overall, M1 Finance appears to be a reputable company with no identified irregularities. It is classified as “Green Compliance” in our assessment.