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  Polaris Portfolios Advisor

Polaris Portfolios Advisor

in Investment Advisors from Polaris Portfolios

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Polaris Portfolios Advisor

Unaffiliated

in Investment Advisors from Polaris Portfolios

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Highlights
Highlights
Minimum Account $5,000
Management Fee 0.75% - 0.8%

Polaris Portfolios Advisor Review

Polaris Portfolios Advisor is founded in 2015 and based in Wellesley, MA.

What fees does Polaris Portfolios Advisor charge?

Polaris Portfolios Advisor uses a fee-only model.

This means Polaris Portfolios Advisor 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.

Polaris Portfolios Advisor Fees
Description
Annual Fee $0
Monthly Fee $0
Management Fee 0.75% - 0.8%
Fee Based? Yes
Account Transfer Fee $25 - $75
Account Termination Fee $100
Investment Expense Ratios N/A

What management fees does Polaris Portfolios Advisor charge?

Polaris Portfolios Advisor charges an annual management fee that starts at 0.75% and ranges up to 0.8%.

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 Polaris Portfolios Advisor?

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.

Polaris Portfolios Advisor does not charge fees based on an investment expense ratio.

What type of investment accounts and asset classes does Polaris Portfolios Advisor support?

Polaris Portfolios offers the following types of assets and account types.

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

Polaris Portfolios 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 Polaris Portfolios Advisor?

The minimum amount to open an account with Polaris Portfolios Advisor is 5000.

How does Polaris Portfolios Advisor 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
  •   38 Maurice Road
    Wellesley, MA 02482 USA
  •   Visit Site

About Polaris Portfolios Advisor

Feature Breakdown

Annual Fee $0
Monthly Fee $0
Account Termination Fee $100
Account Transfer Fee $25 - $75
Fee Based  
Management Fee 0.75% - 0.8%
Minimum Account $5,000
Accounts Supported
  • Employer Sponsored Plans
  • Individual Non-Retirement Accounts
  • Rollover IRA
  • Roth IRA
  • SEP IRA
  • Traditional IRA
Automatic Rebalancing  
Independent/Registered Investment Advisor  
Software Managed  

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