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Last Updated: 04/18/2025

Zacks Advantage Investment Advisor

in Investment Advisors from Zacks Advantage

Last Updated: 04/18/2025

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Highlights

Minimum Initial Investment

$25,000

Management Fee

0.35% - 0.7%

Zacks Advantage Investment Advisor Review

Zacks Advantage is founded in 1992 and based in Chicago, IL.

Zacks Advantage Pros & Cons

The Good

The Bad

Competitive investment expense ratios.

Does not offer low-cost ETFs.
Does not give access to human finance advisors.
Tax-loss harvesting not available.
Small selection of account types offered.
Limited investment options.

Zacks Advantage FAQ

What fees does Zacks Advantage charge?

Zacks Advantage uses a fee-only model.

This means Zacks Advantage 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.

Zacks Advantage Investment Advisor Fees

Description

Monthly Service Fee

Annual Fee

Management Fee

0.35% - 0.7%

Fee Based?

What management fees does Zacks Advantage charge?

Zacks Advantage charges an annual management fee that starts at 0.35% and ranges up to 0.7%.

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 Zacks Advantage?

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.

Zacks Advantage does not charge fees based on an investment expense ratio.

What type of investment accounts and asset classes does Zacks Advantage support?

Zacks Advantage offers the following types of assets and account types.

Accounts Supported

Supported Options

Unsupported Options

Individual Non-Retirement Accounts
Roth IRA
Traditional IRA

Joint Non-Retirement Accounts
Rollover IRA
SEP IRA
Trusts
529 College Savings Plans
Employer Sponsored Plans
Custodial Accounts

Zacks Advantage 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 Zacks Advantage?

The minimum amount to open an account with Zacks Advantage is $$25,000.

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Contact

Headquarters

227 West Monroe St.

Chicago, IL 60610

Visit Site

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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

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