SuperMoney 
  Edelman Financial Services

Edelman Financial Services

in Investment Advisors from Edelman Financial Engines LLC

Unaffiliated

Edelman Financial Services

Unaffiliated

in Investment Advisors from Edelman Financial Engines LLC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend Edelman Financial Services to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Minimum Account $5,000
Management Fee 0.50% - 1.75%

Edelman Financial Services Review

Edelman Financial Services 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 Services is not tied to a particular company or product and can therefore offer unbiased investment advice.

What fees does Edelman Financial Services charge?

Edelman Financial Services uses a fee-only model.

This means Edelman Financial Services 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 Services 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 Fees
Description
Monthly Fee N/A
Annual Fee N/A
Management Fee 0.50% - 1.75%
Commission Based? Yes
Fee Based? Yes
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios N/A
IRA Annual Fee N/A

What management fees does Edelman Financial Services charge?

Edelman Financial Services charges an annual management fee that starts at .50% 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 Services?

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 Services does not charge fees based on an investment expense ratio.

What features does Edelman Financial Services 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 Services 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 Services support?

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

Accounts Supported Options
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 Options
    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 Services?

    The minimum amount to open an account with Edelman Financial Services is 5000.

    How does Edelman Financial Services compare to other investment advisors?

    Pros & Cons of Edelman Financial Services
    Pros Cons
  • 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.
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    • Headquarters
    •   4000 Legato Road
      Ninth Floor
      Fairfax, VA 22033
    •   Visit Site

    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

    Commission Based  
    Fee Based  
    Management Fee 0.50% - 1.75%
    Minimum Account $5,000
    Accounts Supported
    • Employer Sponsored Plans
    • Individual Non-Retirement Accounts
    • Joint Non-Retirement Accounts
    • Traditional IRA
    • Trusts
    Automatic Rebalancing  
    Independent/Registered Investment Advisor  
    Investment Features
    • Automatic Rebalancing
    • Registered Investment Advisor

    Be the first to rate

     

    Would you recommend Edelman Financial Services to your friends?

    Before we publish your vote:

    Please explain your vote by sharing your experience.

    Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

    Please write a review to submit your vote
    Cancel my vote
    (will require moderator approval)

    Other Investment Advisors

    Betterment
    Mostly recommended

    5 Reviews

    Blooom
    Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

    1 Reviews