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  Zacks Advantage Investment Advisor

Zacks Advantage Investment Advisor

in Investment Advisors from Zacks Advantage

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Zacks Advantage Investment Advisor

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in Investment Advisors from Zacks Advantage

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Highlights
Minimum Initial Investment $25,000
Management Fee 0.35% - 0.7%

Zacks Advantage Investment Advisor Review

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

Zacks Advantage Investment Advisor 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 Investment Advisor FAQ

What fees does Zacks Advantage Investment Advisor charge?

Zacks Advantage Investment Advisor uses a fee-only model.

This means Zacks Advantage Investment 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.

Zacks Advantage Investment Advisor Fees
Description
Annual Fee $0
Monthly Fee $0
Management Fee 0.35% - 0.7%
Fee Based? Yes
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios N/A

What management fees does Zacks Advantage Investment Advisor charge?

Zacks Advantage Investment Advisor 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 Investment 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.

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

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

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

Accounts Supported Options
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 Investment Advisor?

The minimum amount to open an account with Zacks Advantage Investment Advisor is 25000.
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Contact

  • Headquarters
  •   227 West Monroe St.
    Chicago, IL 60610 USA
  •   Visit Site

About Zacks Advantage Investment Advisor

Feature Breakdown

Annual Fee $0
Monthly Fee $0
Fee Based  
Management Fee 0.35% - 0.7%
Minimum Initial Investment $25,000
Accounts Supported
  • Individual Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA

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