Yep, same thing happened to me and they wouldn't give me an answer no matter who I talked to. I was a paying customer and already paid $90 for the year before the changes and they never reimbursed me. I already have a new card with capital one and have transferred all my stocks out and will never use them again. F them.
I got my card canceled last week. I got 25k in assets with them , good credit score & low balance on my credit card. Reason low asset under management.
i have a somewhat substantial account with M1. All of these sudden changes have severely damaged my trust with the company. I should like to find somewhere more stable and safe to park my cash.
At the very least, I would move out 3-6 month's worth to another account before you experience what Yotta users (and some other services) are experiencing with the Synapse fiasco right now (locked out of their money).
I'm in the same boat. I have started talking to people whom I recommended M1 to, telling them they should think about switching. Told them I am planning to leave in about 5 months when I get some things situated. The constant changes are making me feel like they may not be in a good spot.
With Yotta customers losing access to their money because of the Evolve and Synapse bankruptcy, I wonder what's going on with M1 Finance. Is M1 Finance going to go kaput any day now?
I've never had an issue with them. I am not a high-income earner, as a matter of fact, I am in a similar category as those mentioned in the video. Something is missing here or doesnt make sense
Went from 3k -13k in three years on M1. Always paid my card, great credit score, no income concerns, had my card cut off along with the others. Enough to make me roll my account out
Would you make a video on Cathie Wood’s ARKK and how it left many trend chasers holding the bag? Wood’s strategy is hardly sophisticated than that of a rookie reddit investor making their debut in the stock market. With the discernment of someone choosing lottery numbers, she navigates the financial waters, guided by nothing more than the whimsical chatter of social media trends. She dives with unbridled enthusiasm into the acquisition of stocks from companies whose profit margins are as elusive as a mirage, driven by the illusory allure of their fleeting popularity.
Never got the email and have no assets since I closed all the accounts but the credit card. I haven't used the card in about a year. My card is still active. They're welcome to close it whenever they want though. Just sitting in my drawer collecting dust.
Glad I didn't have a card to get cancelled otherwise I'd be wanting to ditch them and I really like the m1 platform and don't feel like making a tunnel to another company to move my money. Also thanks for sharing that gadget for your wrist. I'm always trying to find ergonomic stuff to keep my wrists from hurting from spending hours on the computer and often not having my hands and arms in the correct position
Meh, I’m not too worried. The cash is insured and the securities are held by the ETFs whether or not M1 survives. It would be a bummer and a pain in the ass but not a world-ending disaster. What really stinks is the lack of transparency which creates uncertainty and trust issues among the user base.
Any suggestions on easy and greater places to roll over to? Looking for a place that can roll over a Roth and an individual, has borrow features, and maybe even the Pie percentage like structure?
M1 Finance has completely fallen off a cliff. I'm so pissed I ever signed up with this company.
Yep, same thing happened to me and they wouldn't give me an answer no matter who I talked to. I was a paying customer and already paid $90 for the year before the changes and they never reimbursed me. I already have a new card with capital one and have transferred all my stocks out and will never use them again. F them.
Bet you won't be the only one so, this was not a great idea on M1's part.
Anyone else notice Brendan holding a microphone instead of using the one with an arm. 😂
I got my card canceled last week. I got 25k in assets with them , good credit score & low balance on my credit card. Reason low asset under management.
i have a somewhat substantial account with M1. All of these sudden changes have severely damaged my trust with the company. I should like to find somewhere more stable and safe to park my cash.
At the very least, I would move out 3-6 month's worth to another account before you experience what Yotta users (and some other services) are experiencing with the Synapse fiasco right now (locked out of their money).
I emptied out my m1 finance recently. Just holding my assets in Fidelity now with the rest of my stuff.
They also removed a lot of the cash back benefits…this isn’t looking good…
Not going to lie M1 is making a lot of changes and I’m not sure it makes me comfortable to keep putting money with them
I'm in the same boat. I have started talking to people whom I recommended M1 to, telling them they should think about switching.
Told them I am planning to leave in about 5 months when I get some things situated. The constant changes are making me feel like they may not be in a good spot.
@@Iamnottrevor1031 where are you moving your accounts to? im in the same position and wondering where to go now
With Yotta customers losing access to their money because of the Evolve and Synapse bankruptcy, I wonder what's going on with M1 Finance. Is M1 Finance going to go kaput any day now?
I've never had an issue with them. I am not a high-income earner, as a matter of fact, I am in a similar category as those mentioned in the video. Something is missing here or doesnt make sense
Went from 3k -13k in three years on M1. Always paid my card, great credit score, no income concerns, had my card cut off along with the others. Enough to make me roll my account out
Would you make a video on Cathie Wood’s ARKK and how it left many trend chasers holding the bag?
Wood’s strategy is hardly sophisticated than that of a rookie reddit investor making their debut in the stock market. With the discernment of someone choosing lottery numbers, she navigates the financial waters, guided by nothing more than the whimsical chatter of social media trends. She dives with unbridled enthusiasm into the acquisition of stocks from companies whose profit margins are as elusive as a mirage, driven by the illusory allure of their fleeting popularity.
Never got the email and have no assets since I closed all the accounts but the credit card. I haven't used the card in about a year. My card is still active. They're welcome to close it whenever they want though. Just sitting in my drawer collecting dust.
I loved M1, they haven’t wronged me yet, but this kind of thing definitely has my spidey senses tingling.
So glad I didn’t get a card or use it.
Do you have Any info on their lawsuit and what that means
maybe they are swinging to be acquired in a year or so
Glad I didn't have a card to get cancelled otherwise I'd be wanting to ditch them and I really like the m1 platform and don't feel like making a tunnel to another company to move my money.
Also thanks for sharing that gadget for your wrist. I'm always trying to find ergonomic stuff to keep my wrists from hurting from spending hours on the computer and often not having my hands and arms in the correct position
I'm using it as we speak, really liking it so far
They not only charge $3 but the fee is take from brokerage account.Very shady….
Meh, I’m not too worried. The cash is insured and the securities are held by the ETFs whether or not M1 survives. It would be a bummer and a pain in the ass but not a world-ending disaster. What really stinks is the lack of transparency which creates uncertainty and trust issues among the user base.
I’m starting to get concerned about M1. Customer service is severely lacking.
Is that the underline it's very discriminatory toward "lower" accounts
Nothing changed for me.
Tunnel
Any suggestions on easy and greater places to roll over to? Looking for a place that can roll over a Roth and an individual, has borrow features, and maybe even the Pie percentage like structure?
Fidelity is great. Also Schwab
Can't get my money out of m1 finance. How to do that? The help center not helping. They giving me generic question
M1 Finance is a joke. Go to fidelity.
They selling off my asset to get there $3
This is why I left M1, all the random quick changes and chaos no thanks. Robinhood all the way and yes I like the stock 🪶 🚀🦊
You know something about yotta problem ?
Nothing besides the ACH issues with their partner banks. Got an email from them.
@@BrendanEvan 😞