Motif is wonderful for what it is. I was very disappointed in how one of my old 401k's was languishing. It was pretty obvious that the investment company had restricted me to mutual funds with poor performance. I personally like risk. I was frustrated at all the mutual funds that were too conservative, and never serving my interests. Motif was different. It allows you to essentially design your own mutual fund for $10 per every time you want to contribute to it. It allows re-balancing at the touch of a button.
You can track the progress of individual stocks or the whole motif. The company has a range of "Motifs" you can get into or make your own. There is a lot of variation in success levels of the funds, but you can easily search for options or build your own or both. My advice is that it's useful for an IRA or ROTH IRA where you don't have to worry about individual stock filings at tax time. With the regular account, you will need to file each stock in the Motif separately for each sale. So if you use it to diversify and buy 5 motifs (150 stocks) and re-balance those quarterly you are looking at 600 tax entries. You can import to your favorite tax program, but I personally try to just use it for IRA and ROTH IRA.
Bottom Line: Yes, I would recommend this to a friend
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