Finhabits Advisors, LLC

Finhabits Advisors, LLC is a federally-registered investment adviser established in July 2015, offering robo-advisory services through its wrap fee program. The firm aims to provide investment management services to individuals and high-net-worth clients, focusing on building and preserving wealth and retirement planning. Clients can access state-of-the-art portfolio management based on modern portfolio theory, with portfolios primarily consisting of ETFs and mutual funds. The minimum investment to open an account is $5, with no minimum account size requirement. Clients pay a $10 monthly subscription fee for access to Finhabits Premium Content and can establish up to three different accounts. If the combined monthly balance exceeds $12,000, clients are switched to a 1% annual Asset Management Fee. Finhabits does not offer tax, accounting, or legal advice. The firm does not charge performance-based fees and does not perform side-by-side management. Investment strategies are based on modern portfolio theory, with a focus on asset allocation and risk management. Clients have full control over voting their securities and are responsible for proxy voting. Finhabits does not accept authority to vote on behalf of clients. The firm does not utilize outside portfolio managers and manages all client accounts in-house. Clients can contact Finhabits via email for technical questions. The firm has no disciplinary events to report and does not engage in other financial industry activities or affiliations that materially affect its advisory business. Finhabits has a Code of Ethics in place to guide business practices and ensure ethical conduct. The Chief Compliance Officer reviews all employee trades quarterly to prevent conflicts of interest. Clients have continuous access to account information and receive periodic communications on portfolio performance. Finhabits uses Apex Clearing Corporation as the qualified custodian for client assets. The firm seeks best execution for clients and may batch orders to obtain optimal results. Clients may incur additional custodian fees beyond the wrap fee. Referrals to Finhabits may result in compensation to current clients and solicitors. The firm's founder and CEO, Carlos A Garcia, has a background in finance and has no disciplinary history.