When it comes to finding a reliable partner to help you grow your wealth, American Century Investments often tops the list. With over 60 years of experience, a strong reputation, and a client-first approach, it’s no surprise investors are curious about everything this firm offers. But is it truly the right choice for you?
What is American Century Investments?
American Century Investments is a privately-controlled investment management firm founded in 1958 by James E. Stowers Jr. Headquartered in Kansas City, Missouri, the company has built a legacy of innovation, client-centric services, and stellar fund performance.
Today, American Century Investments manages over $200 billion in assets and offers a wide range of investment options, including mutual funds, ETFs, separate accounts, and retirement solutions. The firm’s goal is to deliver superior performance while maintaining a focus on ethics and charitable giving.
One unique aspect of American Century Investments is that it is majority-owned by the Stowers Institute for Medical Research, meaning a large portion of the firm’s profits help fund critical medical research initiatives.
Key Services Offered by American Century Investments
| Service Area | Details |
|---|---|
| Mutual Funds | Wide selection across equities, fixed-income, and hybrid portfolios |
| Exchange-Traded Funds (ETFs) | Innovative, cost-effective ETFs for different investment strategies |
| Retirement Solutions | IRA accounts, 401(k) rollovers, and retirement planning tools |
| Financial Advisory | Personalized investment advice from experienced professionals |
| Separate Accounts | Customized asset management for institutional investors |
| College Savings Plans | 529 plans to help families save for educational expenses |
Why Choose American Century Investments?
- Proven Track Record: Decades of client satisfaction and top-performing funds.
- Commitment to Social Good: Profits help fund critical medical research.
- Variety of Investment Options: Something for every type of investor.
- User-Friendly Technology: Intuitive platforms and digital tools.
- Strong Customer Support: Accessible assistance via phone, chat, and email.
Pros and Cons of American Century Investments
Pros
- Wide range of investment products
- Strong emphasis on client outcomes
- Ethical use of profits (support for medical research)
- Competitive fund performance
- Low-cost ETFs available
Cons
- Higher-than-average expense ratios for some mutual funds
- Limited access to comprehensive financial planning unless working with an advisor
- No physical branch locations outside Kansas City
Who Should Invest with American Century Investments?
American Century Investments is a great fit for:
- Long-term investors seeking consistent fund performance
- Socially conscious investors who value giving back
- Beginner to intermediate investors looking for user-friendly digital tools
- Retirement planners needing IRAs, 401(k) rollovers, or 529 college plans
- Institutional investors seeking customized asset management solutions
How to Open an Account with American Century Investments
- Visit the official website.
- Choose your preferred account type.
- Complete the application with personal and financial information.
- Fund your account.
- Start investing in mutual funds or ETFs.
American Century Investments Fees and Pricing
- Mutual Fund Expense Ratios: 0.50% to 1.30%
- ETF Expense Ratios: As low as 0.45%
- Account Minimums: Some as low as $500
- No-load Funds: Most mutual funds are no-load
Top Performing Funds of American Century Investments
- American Century Focused Dynamic Growth Fund (ACFOX)
- American Century Ultra Fund (TWCUX)
- American Century High Income Fund (AHITX)
- American Century Sustainable Equity Fund (AFDIX)
FAQs about American Century Investments
- 1. Is American Century Investments legit?
- Yes, it is a reputable and trustworthy firm with decades of industry experience and strong regulatory compliance.
- 2. What types of accounts can I open with American Century Investments?
- You can open brokerage accounts, IRAs, 529 college plans, custodial accounts, and more.
- 3. Does American Century Investments offer financial advisors?
- Yes, they offer access to professionals for personalized investment advice.
- 4. Are American Century Investments’ funds good for beginners?
- Yes, their platform is beginner-friendly and offers a wide range of quality investment products.
- 5. How do American Century Investments’ fees compare to competitors?
- ETF fees are competitive, but some mutual funds may have higher expense ratios. Always review the fund’s details.
Final Thoughts: Is American Century Investments Right for You?
American Century Investments stands out for its ethical business model, diverse investment options, strong historical performance, and user-friendly platform. Whether you’re investing for retirement, saving for college, or growing long-term wealth, American Century Investments provides solid tools and resources to help you succeed.
However, if low-cost investing is your top priority, or if you require complex financial planning services, you might want to compare a few other firms before making a final decision.
If you’re ready to partner with a firm that combines smart investing with meaningful social impact, American Century Investments could be your perfect match.