Mutual Funds at Ally Invest
Among the investment choices at Ally Invest are mutual funds. Here’s what you need to know—both the positives and the negatives:
Availability
At Ally Invest, you can trade mutual funds in self-directed accounts. They are not available in robo accounts, since the automated service only invests in exchange-traded funds.
You can open a self-directed account at Ally Invest in several formats, including individual, joint, custodial, IRA, and Coverdell.
Ally Invest Mutual Funds Pricing
Every mutual fund now has a $0 transaction fee.
Searching for Mutual Funds on Ally Invest
Ally Invest’s mutual fund screener makes it easy to find funds. This tool is available on the website under the Quotes & Research tab, but not on other trading platforms.
When you open the scanner, you’ll see some search parameters already listed. You can remove these or add more by clicking the button at the bottom. Examples of search criteria include:
- Fund family
- Load status
- Minimum investment
- Sharpe ratio
You can save your search for later. During our research, we found 9,866 funds available for purchase.
Mutual Fund Analysis
Clicking on a ticker symbol or fund name in the search results brings up the fund’s profile. This page offers a moderate amount of information. Ally Invest uses Lipper for fund ratings; there are no Morningstar ratings or analyst reports.
At the top of a fund’s profile, there are five tabs:
- Snapshot
- Charts
- Performance
- Portfolio
- Expenses
The Snapshot tab includes details such as:
- Total Expense Ratio
- Average Market Capitalization
- Net Asset Value
- Total Net Assets
- Minimum Initial Investment
- Minimum IRA Investment
- Current Yield
- Dividend Ex-Date
- Standard Deviation
- Portfolio Turnover
Placing a Trade
In the search results list, each fund has buy and sell links. On a fund’s profile page, buy and sell buttons are at the top. Clicking any of these brings up the mutual fund trade ticket. You can also place a mutual fund order on LIVE, the browser platform. The Ally Invest mobile app does not allow mutual fund trading.
Best Brokers For Mutual Funds
Ally Invest Mutual Funds Judgment
Ally Invest offers a good mutual fund service for self-directed investors. However, it is missing some features, like mobile app trading, a list of no-load, no-transaction-fee funds, and more in-depth analysis. These features are available at some other brokerage firms.
Ally Invest Review and Rating
Updated on 7/30/2025.
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