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Financial Guard

in Investment Advisors from Financial Guard

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Financial Guard

Unaffiliated

in Investment Advisors from Financial Guard

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Highlights
Highlights
Minimum Account $5,000
Management Fee 0.5%

Financial Guard Review

Financial Guard is founded in 2008 and based in Salt Lake City, UT.

What fees does Financial Guard charge?

Financial Guard uses a fee-only model.

This means Financial Guard 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.

Financial Guard Fees
Description
Monthly Fee $0
Annual Fee N/A
Management Fee 0.5%
Fee Based? Yes
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios N/A

What management fees does Financial Guard charge?

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

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 Financial Guard?

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.

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

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

Financial Guard offers the following types of assets and account types.

Accounts Supported Options
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Rollover IRA
  • SEP IRA
  • Trusts
  • Custodial Accounts
  • Financial Guard does not offer any of the investment vehicles that we track.

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

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

    How does Financial Guard compare to other investment advisors?

    Pros & Cons of Financial Guard
    Pros Cons
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
  • 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
    •   1952 East Fort Union Blvd
      Suite 200
      Salt Lake City, UT 84121 USA
    •   Visit Site

    About Financial Guard

    Feature Breakdown

    Monthly Fee $0
    Fee Based  
    Management Fee 0.5%
    Minimum Account $5,000
    Accounts Supported
    • 529 College Savings Plans
    • Employer Sponsored Plans
    • Individual Non-Retirement Accounts
    • Joint Non-Retirement Accounts
    • Roth IRA
    • Traditional IRA
    Automatic Rebalancing  
    Independent/Registered Investment Advisor  
    Software Managed  

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