The new advisory fee-free managed portfolios are ETF-based and include 30% allocation to high-interest-yielding cash.
Investors who don't want a cash buffer in their robo will continue to have access to Ally Invest's flagship automated Managed Portfolio for an annual advisory fee of 0.30%.
The firm also provides commission-free self-directed trading through its brokerage platform for 90 days.
It's also introducing more than 500 commission-free ETFs.
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