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  MassMutual Investment Account

MassMutual Investment Account

in Investment Advisors from MassMutual

Unaffiliated

MassMutual Investment Account

Unaffiliated

in Investment Advisors from MassMutual

SuperMoney Net Recommendation Score -87% 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.

Strongly not recommended

0 users recommend
2 users are unsure
13 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Minimum Account $500,000
Management Fee 0.1% - 1.04%
Number of Reviews 15

MassMutual Investment Account Review

MassMutual Investment Account is a financial services company founded in 1851 and based in Springfield, MA.

What fees does MassMutual Investment Account charge?

MassMutual Investment Account uses a fee-only model.

This means MassMutual Investment Account 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.

MassMutual Investment Account Fees
Description
Annual Fee N/A
Monthly Fee $0
Management Fee 0.1% - 1.04%
Fee Based? Yes
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios 0.3% - 1.75%

What management fees does MassMutual Investment Account charge?

MassMutual Investment Account charges an annual management fee that starts at 0.1% and ranges up to 1.04%.

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 MassMutual Investment Account?

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.

MassMutual Investment Account charges an investment expense ratio that starts at 0.3% and ranges up to 1.75%.

What type of investment accounts and asset classes does MassMutual Investment Account support?

MassMutual 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
  • Rollover IRA
  • SEP IRA
  • Trusts
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Custodial Accounts

MassMutual 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 MassMutual Investment Account?

The minimum amount to open an account with MassMutual Investment Account is 500000.

How does MassMutual Investment Account compare to other investment advisors?

The Good The Bad
  • 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.
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Contact

  • Headquarters
  •   1295 State Street
    Springfield, MA 01111 USA
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 8:00pm
  • Tuesday 8:00am - 8:00pm
  • Wednesday 8:00am - 8:00pm
  • Thursday 8:00am - 8:00pm
  • Friday 8:00am - 8:00pm
  • Saturday Closed

Other Services by MassMutual

Feature Breakdown

Monthly Fee $0
Fee Based  
Investment Expense Ratios 0.3% - 1.75%
Management Fee 0.1% - 1.04%
Minimum Account $500,000
Accounts Supported
  • 529 College Savings Plans
  • Custodial Accounts
  • Employer Sponsored Plans
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • SEP IRA
  • Traditional IRA
  • Trusts
Automatic Rebalancing  
Independent/Registered Investment Advisor  
Software Managed  

MassMutual Investment Account Community Reviews

 

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