# How can I adjust my portfolio and asset allocation?

> When you join MoneyLion and open a MoneyLion Managed Investment Account, we ask you a few questions to gauge your risk tolerance and preferences. Then...

Source: https://help.moneylion.com/en_us/how-can-i-adjust-my-portfolio-and-asset-allocation-rJ8UaMAGK

Last updated: 2024-07-01T15:26:40.378Z

If you would like to adjust your asset allocation after you’ve invested, you can do so anytime in the MoneyLion app.

1.  Go to My Accounts tab
    
2.  Click on Managed Investing
    
3.  Scroll to My Portfolio and click on your current theme.
    
4.  Select Overview. In the Summary section, press Change. Here, you can pick which Portfolio you wish to invest in. Click the Managed Investing tab.
    
5.  Once you find the Portfolio theme, tap Update portfolio, and confirm you wish to make the change
    
6.  Press **Got it**, and you are all set!
    
7.  Scroll down to My Portfolio.
    
8.  Select the Manage button on the right side.

We’ll record your updated portfolio as your new allocation, and your Investment account assets will be adjusted to align with your new allocation within 3-5 days. This gives us time to re-balance (buy and sell) your current assets to match your new allocation. You'll be able to see the updated portfolio (chart and exchange-traded funds holdings) with your new weightings in your “My Portfolio” view only once your account has been re-balanced (trades have taken place). You'll immediately be able to see your updated portfolio risk profile description in your “My Portfolio” view once you confirm the change.

  

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This information may not apply to all MoneyLion Investment accounts.

  

Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Managed Investment Account, see [Investment FAQs](https://help.moneylion.com/categories/investing-Sy3AJsupa), [Form ADV Brochure](http://moneylion.com/adv), and [moneylion.com/investing.](http://moneylion.com/investing.) Funded managed investing accounts are subject to a monthly account fee of $1 (for accounts valued up to $5,000), $3 (for accounts valued over $5,000, and up to $25,000), or $5 (for accounts valued over $25,000).