Titan Review

Donny Gamble
April 21, 2022
4.0
Personalincome rating

Titan is an investment app that actively manages your capital to outperform over the long term and it keeps you updated every step of the way.

Titan logo
on Titan's website
Titan
FEES
1%
for balances of $10,000 or more ($5/month for lower balances)
ACCOUNT Minimum
$100
PROMOTION

$50 sign-up bonus when you open and fund (minimum $100) an account with Titan

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The information provided on this page does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.

Key Takeaways

  • No Performance Fees: If your stocks are performing extremely well, you aren’t penalized with added surprise fees.
  • Limited Tracking: There’s not a lot of history (born in 2017) where there’s favorable track records, so it’s hard to know what’s going to work for you and your investing strategy.
  • Robo-Advisor Service: While it may have gotten muddled in the rest of what we wrote, they do have a standard robo-advisor service, albeit with a higher-than-average risk.
  • Room for Growth: Titan may expand their operation, but until then, they are very limited in what they offer.

Pros & Cons

Pros
  • Low minimum investment
  • SIPC Insured up to $500k
  • Bank-level Security
  • Real-time Monitoring
Cons
  • High-risk strategy
  • No tax assistance

When we approach any review, our goal is utter transparency at every single step of the process. You should know now that Titan does not have a very positive rating from us.

In this titan review, we’ll talk about why even though they’re labeled as a robo-advisor, their service is improperly categorized. This isn’t the automated investing platform that you thought it was, and it’s been around long enough that we don’t think they’re going to switch up strategies now.

It’s time to find out why Titan most likely isn’t right for you, and what you can do instead of using their services.

About Titan

Titan Global Capital Management USA, Inc, which is just known as “Titan”, is an SEC-registered platform with a strive to “build the best investment firm, ever” according to their website.

They allow access to hedge funds in a typical ETF format, so you can invest in a similar fashion. As of early 2022, they offer limited services, and are headquartered in New York, NY, with a growing investment and customer service team.

Titan is an SPIC-insured hedge fund-like stock investment platform that outsources custody and clearing to Apex Clearing and Apex Crypto, and doesn’t require any lock-ups.

Their minimum investment is $100 for you to get started, and they offer $500k in insurance. They appear to be very appreciative of the team they’ve built, and so far, they have accumulated at least 50,000 clients at the time of writing.

Services

  • Robo-Advisor ETFs: Access to stock-centric investing through some management.
  • Crypto Access: Cryptocurrency access for your portfolio (with limitations and a small number of coins).

Pricing

  • 1% Fee: The 1% annual fee is much more than any other robo-advisor program offers, and can be a real deal-breaker for a lot of people.
  • $5.00 Account Management Fee: This is for accounts under $10,000, but it is a monthly fee, so $60 per year.
  • Investment Expense Ratio: This ranges from 0.90% to 0.95% (which is odd to have it range from such a narrow range), and these apply to ETFs used in hedging through Titan.
  • Outgoing Transfer Fee: Sending an outgoing transfer, so to your bank account off of the platform is a solid $75.00.
  • IRA Termination Fee: $60.00 flat, although it is fairly common to have a price like this in the industry, they really didn’t need to nickel-and-dime every financial product that they offer.

Who is Titan Best For?

Titan would be best for anyone who strictly wants to use a robo-advisor service and absolutely nothing else. It functions similarly to just about all robo-advisors, but the difference is that there’s not much support, and when you do contact support it can take a while for them to respond to you.

If you don’t require any other financial service, or already have other financial services elsewhere and wanted to look for a fresh company to use as a robo-advisor, Titan would work, but we don’t recommend them as we do other financial institutions with similar or superior offerings.

Compare to Other Advisors

Betterment logo
MANAGEMENT FEES
0.25%
ACCOUNT MINIMUM
$0
PROMOTION
Up to 1 year of free
M1 Finance logo
MANAGEMENT FEES
$0
ACCOUNT MINIMUM
$100
PROMOTION
Up to $2,500 Bonus
Personal Capital logo
MANAGEMENT FEES
0.49%-0.89%
INVESTMENT MINIMUM
$100,000
PROMOTION
6 months of free wealth management

Titan FAQ's

Is Titan a legitimate company?

Yes, Titan is a legitimate company, but they haven’t done anything to expand beyond being a robo-advisor only brand. You have no access to financial advisors, the fees are high, and while they are a legitimate company, they’re definitely not the best apple in the bunch.

You can’t even access customer service by the phone, and there’s no tax strategy service available at all, so no generated reports on your investments.

It’s legitimate, it’s not going to steal your money, but it falls far from what we would consider a worthy company with a 1% fee for robo-advisors, and little of anything else.

Is Titan good for beginners?

While we’ve certainly had our strong opinions about Titan so far, it’s ironically good for beginners for two main reasons. One, they’re not trying to upsell you on a ton of services the entire time, so you can focus on investments.

Two, there are only two ways to invest, so beginners can’t get dewy-eyed and wander off into a financial medium that they don’t understand.

The robo-advisor nature of everything makes it beginner-friendly, just not always annual growth-friendly.

How does Titan make money?

Titan charges a 1% fee on balances of $10K or more per month. Otherwise, it’s a $5 fee just for having an account. Because of the low minimum threshold, it’s not unreasonable to assume that they would have enough accounts to begin making some money.

However, the service is widely automated, so they’re not sinking a lot of cost into maintaining it. Since Titan doesn’t offer other services outside of stock-focused robo-advisors or crypto management, their labor must be pretty low.

Does Titan sell any of my personal information?

Titan does not specifically state that they don’t sell your personal information, which was the last nail in the coffin in our review process.

In their privacy policy, they state that they may use information collected from you for commercial, marketing, organization, and data-driven trending information.

They do not explicitly state that they don’t sell your information, so based on our reading, it’s unclear and they should be avoided entirely if you value your privacy. Thank you, California laws!

Titan

Titan is an investment app that actively manages your capital to outperform over the long term and it keeps you updated every step of the way.

  • Titan
  • Rating: 4
  • Reviewed by:
  • On April 21, 2022
  • Last modified:April 24, 2022

Review Summary:

Titan is an investment app that actively manages your capital to outperform over the long term and it keeps you updated every step of the way.

Review of: Titan

Reviewed by:
Rating:
4
On April 21, 2022
Last modified:April 24, 2022

Summary:

Titan is an investment app that actively manages your capital to outperform over the long term and it keeps you updated every step of the way.

About the author 

Donny Gamble

I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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