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Edelman Financial Services

in Investment Advisors from Edelman Financial Engines LLC

Unaffiliated

Edelman Financial Services

Unaffiliated

in Investment Advisors from Edelman Financial Engines LLC

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Minimum Initial Investment $5,000
Management Fee 0.5% - 1.75%

Edelman Financial Services Review

Edelman Financial was founded in 1986 and is based in Fairfax, VA. It is a Registered Investment Adviser or RIA. RIAs have a fiduciary duty to work in your best interest. Edelman Financial is not tied to a particular company or product and can therefore offer unbiased investment advice.

Edelman Financial Pros & Cons
The Good The Bad
  • Trades in low-cost ETFs.
  • Wide selection of investment options.
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
Edelman Financial FAQ

What fees does Edelman Financial charge?

Edelman Financial uses a fee-only model.

This means Edelman Financial gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

Edelman Financial uses a commission-based model. In other words, they get a commission when they sell you investment products, such as stocks or mutual funds.

Edelman Financial Services Trade Fees
Description
Commission Based?
Fee Based?
Management Fee 0.5% - 1.75%

What management fees does Edelman Financial charge?

Edelman Financial charges an annual management fee that starts at 0.5% and ranges up to 1.75%.

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of Edelman Financial?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

Edelman Financial does not charge fees based on an investment expense ratio.

What features does Edelman Financial offer?

Automatic rebalancing: Having a good balance of investments is important. But a well-balanced portfolio is not something you can set up and forget. Markets are constantly changing and can easily throw your portfolio out of balance. Edelman Financial allows you to rebalance your investments back to your target asset allocation at set intervals.

What type of investment accounts and asset classes does Edelman Financial support?

Edelman Financial Engines LLC offers the following types of assets and account types.

Accounts Supported
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Traditional IRA
  • Trusts
  • Employer Sponsored Plans
  • Roth IRA
  • Rollover IRA
  • SEP IRA
  • 529 College Savings Plans
  • Custodial Accounts

These are the investment options Edelman Financial Engines LLC offers its clients.

Investment Choices
Supported Options Unsupported Options
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • International Stocks
  • ETFs
  • FOREX
  • Futures
  • Pink Sheets / OTCBB
  • Real Estate
  • Startups
  • Marketplace Loans
  • Cryptocurrencies

What is the minimum amount you have to invest to open an account with Edelman Financial?

The minimum amount to open an account with Edelman Financial is 5000.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Edelman Financial Services

We’re the nation’s #1 independent financial advisory firm. But we do more than that. We provide life planning — a comprehensive approach that means we can help you with any decision in your life related to a dollar sign. When you work with us, you get a lifelong partner — a dedicated financial planner who’ll provide deep expertise and guidance to create a personal financial strategy that’s designed to change as your life does. We are an award-winning financial planning and investment management firm. Our expert team of fee-only financial planners provides straightforward advice with your values and goals in mind.

We provide planning and advice through a relationship with a local financial advisor. Our experienced advisors provide advice on financial topics and can create a personal financial plan and investment strategy for you that can adapt to changes in your life. We’re also the largest independent provider of advice to 401(k) plans, including 123 of the FORTUNE 500. Plan for your future – starting right now Schedule your free, no?obligation consultation. When you work with us, you get a lifelong partner – a dedicated financial advisor who’ll provide expertise and guidance to create a personal financial strategy that’s designed for you.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 5:30pm
  • Thursday 8:30am - 5:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

About Edelman Financial Services

Feature Breakdown

Minimum Initial Investment $5,000
Accounts Supported
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Traditional IRA
  • Trusts
  • Employer Sponsored Plans
Investment Choices
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • International Stocks
  • ETFs
Investment Features
  • Automatic Rebalancing
  • Registered Investment Advisor

Edelman Financial Services Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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