Motley Fool is now offering their uber-premium investing service Motley Fool One, in two different varieties: the standard Motley Fool One service they’ve been building up over the last couple years that includes their Wealth Management services, and a new, stripped down version they are calling Motley Fool One Classic, which includes everything but the Wealth Management features at a lower price point.
Their most recent membership drive in March of 2015 unveiled these two versions for the first time. It’s a welcome move, one I’ve suggested they make in the past. There are a lot of investors out there, like me, who want access to all the Motley Fool content, recommendations, and community, and could care less about having the Motley Fool provide wealth management services. As I’ve written in my previous coverage, I’ve found those wealth management offerings to be underwhelming at best, and downright buggy in many cases.
And from the Motley Fool’s point of view, this becomes a very high margin service that they can offer without any additional investment on their end. I also suspect they are doing this because their wealth management services are getting overwhelmed by users, and they don’t yet have the infrastructure or human capital to keep up with them. Splitting out those services into the highest price point will thin the herd so to speak.
When my current membership expires, I can see myself downgrading to this Classic service, as I’ve basically been paying for services I don’t even use.
For the most recent prices and details for Motley Fool One, including the new Classic service, see my Motley Fool One page.