Form-CRS-Single-Column
Stash Investments LLC and Stash Capital LLC Form CRS:
Client Relationship Summary
Effective July 10, 2026
01 Introduction
Stash is a financial technology company headquartered in New York City that offers products designed to help you build financial habits and manage your wealth through financial education, tools, and guidance. Stash Financial Inc., a subsidiary of Grab Holdings Limited, owns Stash Investments LLC and Stash Capital LLC. Stash Investments LLC is registered with the SEC as an investment adviser. Stash Capital LLC is registered with the SEC as a broker-dealer and is a member of FINRA and SIPC. Brokerage and investment advisory services and fees differ, and it is important for you to understand these differences. We are providing this summary as required by SEC rules. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
Since our March 31, 2026 Form CRS, Grab Holdings Limited became the ultimate indirect parent company of Stash Investments LLC and Stash Capital LLC. This ownership change did not affect our services, fees, or investment process.
MATERIAL CHANGES
You may request a copy of the previous version of this Form CRS by contacting us at (800) 205-5164 or at support@stash.com.
02 Relationships and Services
What investment services and advice can you provide me?
We offer subscription-based wrap fee programs that provide investment advisory services through our digital platform. Depending on your eligibility, you may receive:
- personalized, non-discretionary investment advice, where you decide whether and when to invest; or
- discretionary portfolio management, where we manage investments on your behalf based on your investor profile.
Stash Capital serves as the introducing broker and Apex Clearing Corporation serves as the custodian for investment accounts.
For Non-Discretionary Managed Accounts, we provide personalized investment recommendations through our platform, but you decide whether, when, and how to invest.
Available investments generally include stocks, ETFs, and fractional shares.
For Discretionary Managed Accounts, including certain managed retirement accounts, we determine a target asset allocation based on your investor profile and manage the account on your behalf, including selecting investments, trading, monitoring, and periodic rebalancing.
These accounts are generally limited to designated ETFs and certain equity securities. You may impose reasonable restrictions, subject to program limitations.
We determine your investor profile based on information you provide, including your investment objectives, risk tolerance, liquidity needs, and investment time horizon. We periodically remind you to review and update this information. Our investment recommendations are generally limited to stocks, ETFs, and fractional shares available through our platform. Discretionary managed accounts invest only in designated ETFs. We monitor discretionary managed accounts on an ongoing basis as part of our standard advisory services and periodically rebalance them. For non-discretionary accounts, you decide whether to follow our recommendations and are responsible for monitoring your investments.
We do not require a minimum deposit to open most investment accounts. A minimum balance of $0.01 is generally required to maintain brokerage, custodial, and retirement accounts, and a minimum balance of $5.00 is generally required to maintain a Discretionary Managed Account. Clients receiving only impersonal investment advice are not subject to account minimums.
Additional services may include Advisor Connect, educational content, recurring investing tools, rewards programs, and access to certain banking and insurance-related products offered by affiliates. Availability depends on eligibility and enrollment.
Stash Cash Management LLC, through our FDIC member partner bank, offers accounts to you through “banking as a service.” Stash Cash Management LLC is not a licensed banking institution. Stash Financial Inc. also owns Stash Insurance Services LLC, which provides services for several insurance companies.
CONVERSATION STARTERS:
- Given my financial situation, should I choose an investment advisory service? Should I choose a brokerage service? Should I choose both types of services? Why or why not?
- How will you choose investments to recommend to me?
- What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
- Please review the applicable Conversation Starters (https://stash.com/disclosures/form-crs-conversation-starters) for more information.
03 Fees, Costs, and Conflicts
What fees will I pay?
Our subscription wrap-fee program bundles, or “wraps” investment advisory services for a single inclusive fee. We charge a monthly fee at the beginning of our relationship with you for a bundle of investment advisory services (both personal and impersonal) and each monthly period thereafter, with an option to pay annually in advance, as permitted by Stash Investments. Stash will also assess an annual asset based fee of 25 bps (0.25%) on all Discretionary Managed Accounts with a balance equal to or exceeding $1,000 (“AUM Fee”). Stash Investments offers Managed Accounts for eligible retirement accounts for an annual AUM Fee of 25 bps (0.25%) on all accounts. For more details on the AUM Fee please review your relevant Wrap Fee Brochure and Stash’s Form ADV.
You will pay fees whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
All subscription programs come with access to a banking account, debit card, and Stock-Back rewards.
The most common fees and costs that apply to you are:
| Fee Type | Description |
|---|---|
| Wrap fee for your account: | If you are in our tiered subscription wrap program, $3 or $12 per month depending on the tier you select. If you are in the Stash+ Subscription Program, $12 per month. |
| AUM Fee for Discretionary Managed Accounts: | 25 bps billed quarterly in arrears for all discretionary managed accounts with a balance of $1,000.00 or more. |
| AUM Fee for Discretionary Managed Retirement Portfolios: | 25 bps billed quarterly in arrears. |
| Account-based fees: | $5 per paper statement and $2.50 per paper confirmation, which can be avoided with electronic statements and confirmations. |
| Account maintenance fees: | $1 per calendar month beginning on the 6th month anniversary of the account being placed into the closure process as long as the account has a positive balance. |
| ACAT fees: | $100 for an outgoing ACAT. |
| Stash Advisor Connect Fees: | Clients who elect to participate in Stash Advisor Connect pay an additional fee separate from the wrap fee and any applicable asset-based fee. Advisor Connect fees may be structured as a fixed monthly subscription fee or a per-session fee and are disclosed at enrollment. |
| Stockpile Customers converting to Stash Capital: | A monthly maintenance fee (currently $3.99) charged to all former Stockpile accounts that transition to Stash Capital. The fee applies only during the brokerage relationship with Stash Capital and does not apply once you become a customer of Stash Investments LLC. |
CONVERSATION STARTER:
- Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
- Please review the applicable Conversation Starters for more information.
What are your legal obligations to me when providing recommendations as my broker-dealer or when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
We do not provide recommendations as your broker-dealer. When we act as your investment adviser, we have to act in your best interest and not put our interests ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they affect the services and investment advice we provide you. Here are some examples to help you understand what this means:
The use of Stash Capital as an introducing broker-dealer creates certain conflicts of interest for Stash Investments. Stash Investments receives additional revenue in connection with Stash Investments’ client investment accounts held at Apex. This additional revenue is created by fees which apply to your investment account and account activities.
Subscription Fees: Because we receive monthly subscription fees, we have an incentive to increase the number of paying subscribers and retain clients regardless of account activity. We also have an incentive to encourage clients to use Discretionary Managed Accounts that generate additional AUM Fees.
Stash Cash Management LLC shares in revenue earned on transactions made using the Stash debit card. Stash Cash Management LLC earns a portion of the revenue generated by consumer deposit account activity.
Stash Capital will share in revenue earned on securities lending, FDIC sweep on credit balances, payment for order flow, and other ancillary fees generated by Apex. Stash Investments has an incentive to recommend securities that could be lent for this reason.
Offering Advisor Connect creates a conflict of interest because we receive additional compensation from clients who enroll in that service. We mitigate this conflict through supervision and by requiring our professionals to act in your best interest.
Ownership Structure: Grab Holdings Limited is our ultimate indirect parent company. This ownership does not change the services, fees, or conflicts described in this Form CRS.
CONVERSATION STARTER:
- How might your conflicts of interest affect me, and how will you address them?
- Please review the applicable Conversation Starters for more information.
04 How do your financial professionals make money?
Our financial professionals receive salaries and discretionary bonuses. They are not paid commissions or compensated based on your assets, specific investment recommendations, or product sales.
05 Disciplinary History
Do you or your financial professionals have legal or disciplinary history?
Yes. You can go to Investor.gov/CRS for a free and simple search tool to research Stash Investments, Stash Capital, and our financial professionals.
CONVERSATION STARTERS:
- As a financial professional, do you have any disciplinary history? For what type of conduct?
- Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?
- Please review the applicable Conversation Starters for more information.
06 Additional Information & Resources
https://www.stash.com and associated FAQs at https://www.ask.stash.com
Conversation Starters at https://www.stash.com/disclosures/form-crs-conversation-starters
Stash Investments’ Form ADV Part 2A, Wrap Fee Brochure, CRS Conversation Starters and other documents in our Disclosure Library at www.stash.com/disclosurelibrary.
Stash Customer Service at support@stash.com or (800) 205-5164.