# How do I open a Managed Investing account?

> The MoneyLion Managed Investment account is designed to simplify investing and put your hardearned dollars to work with zero management fees and no minimum

Source: https://help.moneylion.com/en_us/how-do-i-open-a-moneylion-investment-account-H1Mz6GCft

Last updated: 2024-07-01T14:39:40.026Z

The MoneyLion Managed Investment account is designed to simplify investing and put your hard-earned dollars to work. It has zero management fees and no minimums. Enrolling is easy on the MoneyLion app or website.

  

In this FAQ, we'll walk you through enrolling on the app. Enrolling on the website is very similar — just log in and go to the Finances tab to begin. The requirements for successful enrollment are:

  

*   Permanent US Resident
    
*   A valid Social Security number
    
*   A valid residential address
    
*   A verified mobile phone number
    
*   Up-to-date public records
    

  

Here’s how to enroll!

  

1.  Select the account tab at the bottom of the screen, scroll down, and select “Invest in your future” - Managed Investing.
    
2.  You’ll arrive at the introduction page of Managed Investing. Tap Let’s get started after reviewing the information. 
    
3.  You’ll need to answer a few Risk Assessment questions. After answering each question, press Next. 
    
4.  Finally, you’ll answer a few regulatory questions. You’ll also be able to review all the account agreements. 
    
5.  Once reviewed, tap Agree and continue.  
    

  

Once you enroll, we’ll take you to your innovative, diversified portfolio and see your recommended portfolio. Your account has been created and is ready to be funded! 

  

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Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. Investing involves risk, including potential loss of principal. For important information and disclosures relating to the MoneyLion Managed Investment Account and MoneyLion Active Investment Account, see [Investment FAQs](https://help.moneylion.com/categories/investing-Sy3AJsupa), [Form ADV Brochure](http://moneylion.com/adv), and [moneylion.com/investing](https://www.moneylion.com/investing/). MoneyLion Managed Investment Accounts are subject to a monthly account fee of $1, $3 (accounts valued over $5,000), or $5 (accounts valued over $25,000). MoneyLion Active Investment Accounts are available at no additional cost with an active and current WOW Membership. View your membership agreement for full terms and conditions.