Mont charges a flat $100 management fee annually. That's it. No percentage-of-assets fee, no trading commissions. Your first management fee is deducted from your Mont account 90 days after initial funding, and on the same day each year that your acount remains funded.

Mont may also pass through certain charges, such as but not limited to outgoing wire and ACAT fees.

Yes. You can open an account with $1,000, but we'd strongly recommend starting closer to $20,000. That's roughly where you own enough of each position to track the index closely and harvest losses effectively.

Your assets managed by Mont are held in your name at Apex Clearing, one of the largest independent custodians in the U.S. Founded in 2012, Apex holds over $200 billion in assets for many leading financial technology companies. In the unlikely event that something happens to Mont, your assets remain fully accessible at Apex.

Apex is a broker-dealer and SIPC member. Securities in your account are protected up to $500,000. For details, please see www.sipc.org.

Direct indexing means owning the individual stocks that make up an index, like the S&P 500, rather than buying a fund that tracks it, like an ETF. Because each position is held separately, Mont can do things an ETF can't, like automated tax-loss harvesting.

Tax-loss harvesting means selling a security at a loss to offset capital gains elsewhere in your portfolio, which can reduce your tax bill. Because direct indexing holds individual stocks, Mont can look for these opportunities stock by stock, automatically and continuously, rather than only at the fund level.

An ETF is a single security. When you own shares of an ETF, you don't own any actual S&P 500 company stocks. You can’t customize what’s inside it, or harvest losses on individual holdings. With direct indexing you own the underlying stocks directly, so Mont can tailor your portfolio and harvest tax losses at the individual stock level; both of which would be impossible with an ETF.