SoFi Wealth sounds amazing. How is SoFi able to offer this service for such low fees?

I'm interested and I want to understand how you can offer this.

Comments

  • Joseph WilliamsJoseph Williams Member, Sofi Wealth Expert

    We are pricing SoFi Wealth as a benefit to our members and to attract new people to the SoFi family. We intend to keep management fees manageable. To do this, we will earn revenue from lending securities in your account to investors who sell short. Short sellers must deliver shares to the person they sold to, so they must borrow them. They pay us for this privilege. You grant us permission to do this when you sign the agreement to open a Wealth account. Read the Master Securities Lending Agreement and Fully Paid Lending Disclosure in the Documents link for details.

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