Yieldstreet review

What you can trade on Yieldstreet

• Art
• Real estate
• Short-term notes
• Multi-asset class fund
• Structured notes
• Supply chain portfolios

Account types available with Yieldstreet

• Individual accounts
• Retirement accounts (Traditional, Roth and SEP IRAs)
• Entity accounts for businesses or trusts

Where Yieldstreet shines

Yieldstreet makes it possible to invest in art, real estate and commercial offerings. Its Prism Fund is available to non-accredited investors with minimums as low as $2,500. It also offers retirement and entity accounts and there’s a mobile app allowing you to invest on the go.

Where Yieldstreet falls short

Much of Yieldstreet’s offerings are highly illiquid and limited to accredited investors except for its Prism Fund. The minimum to invest varies for each offering but are typically high, beginning at $5,000. And you’ll only be able to view some of the offerings only after you become a member.

Yieldstreet is facing litigation

In 2022, investors filed a class-action lawsuit over the loss of over $100 million. The lawsuit filed focuses on supposedly false and misleading statements Yieldstreet made to investors to induce them to purchase certain Yieldstreet investment products, including vessel deconstruction funds, oil & gas wells, commercial real estate, and modern art. Yieldstreet has said the investors were not defrauded and no fraud was committed. The outcome of this case is still pending.

Yieldstreet’s fees

The main fee that Yieldstreet charges is the annual management fund of an invested asset. This will vary depending on the investment you choose. For example, short-term notes have zero management fees, while individual investment fees start at 1% and the Prism Fund fees at 1.5%.

Is Yieldstreet legit?

Yes, Yieldstreet is a registered investment advisor with the US Securities and Exchange Commission (SEC). Its banking services are provided by Evolve Bank & Trust, a member of the Federal Deposit Insurance Corporation (FDIC).

Yieldstreet’s platform is easy to use

Here are some of the tools you can use to trade with on Yieldstreet:

• Tailored recommendations
• Portfolio
• Investing ideas
• Market insights and latest news
• Performance tracker

Yieldstreet’s app

Yieldstreets’s user interface is relatively easy to navigate – although multiple app crashes have been reported. If you plan to invest in Yieldstreet’s single asset class offerings, be prepared to verify your accredited investor status by uploading a 1040,W2, K1 or 1099 form.

Yieldstreet’s desktop tools

You can browse offerings on the Yieldstreet website although some are only visible once you become a member and log into your account. Once signed in, you can view market news and insights, obtain recommendations and search and invest in offerings.

Yieldstreet’s app store reviews

Google Play app reviews	4.6/5 stars based on 403 reviews
Apple App Store app reviews	4.7/5 stars based on 1,600 reviews

Yieldstreet’s customer support

You can reach Yieldstreet in the following ways:

How to open an account with Yieldstreet

1. Click the “Sign up now” button below and click “Get started“.
2. Answer Yieldstreets questions about your investment goals, experience level, portfolio size and which asset classes you’re interested in and select Continue.
3. Enter your full name, email address and create a password. Select Sign Up.
4. If signing up as an accredited investor, indicate which criteria you fulfil and select Continue.
5. Set up an individual account, a Yieldstreet IRA or an entity account for a business or trust.

Eligibility and required information

Sign up now

How safe is Yieldstreet?

Yieldstreet is regulated by SEC rules and regulations. Investments of up to $250,000 made into a Yieldstreet wallet are FDIC-insured. However, investments into the Prism Fund are not insured. It’s worth noting that a lawsuit has been filed against Yieldstreet relating to more than $100 million being lost through high-risk defaults and alternative products.

Compare Yieldstreet to other platforms

Frequently asked questions about Yieldstreet

• Is investing in Yieldstreet safe?

  While Yieldstreet is regulated by SEC, it has been under investigation by the SEC and FBI. A lawsuit has also been filed against the company following investors losing more than $100 million through misleading information.

• Is Yieldstreet under investigation?

  In 2020, both the SEC and FBI investigated Yieldstreet's practices and how it interacted with customers. Then in July 2022, a lawsuit was brought against Yieldstreet by investors that had lost over $100 million in high-risk defaults and misleading information around alternative investment products.

• Is Yieldstreet FDIC insured?

  Investments made into your Yieldstreet wallet are insured because this wallet is an account held with Evolve Bank & Trust, which is insured by FDIC. Funds up to $250,000 in any individually-owned account will be covered. However, investments made into the Yieldstreet Prism Fund are not considered bank deposits and are therefore not insured by the FDIC and not guaranteed by Yieldstreet or any other third party.

• Which is better, fundrise or Yieldstreet?

  The platform that best suits you depends on your investment goals as both platforms differ. Fundrise supports investments in real estate. Meanwhile, Yieldstreet can help you diversify into alternative assets such as art, multi-asset class funds as well as real estate.

• Can I open a Yieldstreet account as an international investor?

  No. Yieldstreet says it hopes to support international investors soon but there's no indication when this will be. It is currently only offered to US residents over the age of 18.

• Can I invest on Yieldstreet with a third-party self-directed brokerage account?

  Yes. But your brokerage account must be ACH compatible and not all accounts are eligible. Speak to Yieldstreet before you attempt to sign up with a third-party brokerage account to ensure it'll work.

• How do I verify my status as an accredited investor?

  To verify that you're an accredited investor, you must provide a 1040, W2, K1 or 1099 form.

• Is it possible to add a beneficiary to my Yieldstreet account?

  Yes. You can designate a beneficiary of your active Yieldstreet investments from the User Profile page of the platform.