Last Updated: 06/26/2025
SuperMoney User Recommendation Score +40
Mostly recommended10 total votes
Cast Your Vote
Compare All Wealth Management Companies
Filter & compare all your options in one place.
Highlights
Community Rating
Mostly recommended
Minimum Initial Investment
$0
Annual Advisory Fee
N/A
Number of Reviews
Facet Wealth Review
Facet Wealth is offered by Facet Wealth Inc, a financial services company founded in 2016 and based in Baltimore, MD. Facet Wealth is available in 50 states (and Washington, DC).
Key Takeaways
Facet Wealth Pros & Cons
| Pros | Cons |
|
|
Facet Wealth FAQ
What wealth management fees does Facet Wealth charge?
Facet Wealth uses a fee-only model .
Fee-only model. The main advantage of this model is clients don't have to worry their wealth managers are influenced by commissions when making financial recommendations. Fee-only advisors have a fiduciary duty toward their clients. That means they are legally required to put their clients' interests first and cannot sell them a product they don't need or that goes against their goals or risk tolerance.
What are the investment expense ratios of Facet Wealth?
Hiring an wealth management firm 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.
Facet Wealth does not charge fees based on an investment expense ratio. What are the annual management fees of Facet Wealth?
Facet Wealth charges an annual management fee that starts at $1,200 and ranges up to $6,000 .| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fee Model | Management and/or advisory fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Management / Advisory Fee | $1,200 - $6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What wealth management services does Facet Wealth offer?
Wealth management companies typically offer a wide selection of services. Facet Wealth Inc provides the following:
| Supported Options | Unsupported Options |
|
|
What investment vehicles does Facet Wealth offer?
A well-balanced portfolio should include a mix of investments, such as stocks, bonds, real estate, and other investment vehicles. It should also contain assets with varying levels and types of risk to help minimize the overall impact if one of the portfolio's assets loses its value.
These are the investment options Facet Wealth Inc offers its clients.
| Supported Options | Unsupported Options |
|
|
What is the minimum amount you have to invest to open an account with Facet Wealth?
Facet Wealth does not have a minimum amount to open an account. The median account with Facet Wealth has $75,000 under management.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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Facet Wealth
Other Services by Facet Wealth Inc
SuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +40, or 3.8 on a 5-point rating scale.
+40
-1000+100
No one recommends
Everyone recommends
Facet Wealth Community Reviews
Would you recommend Facet Wealth to your friends?
T B.
Mar 7, 2024
May or may not recommend
I was very dissappointed in the service at Facet. Our advisor frequently used incorrect balances, estimates and even omitted accounts in our portfolio. Our account was never consolidated or balanced as promised. We were assured tax planning strategies and retirement planning would be included but it was not. In fact, when I went to cancel at an exit conversation, I was told that they are not allowed to give tax ...Show More
Jennifer C.
Nov 10, 2023
May or may not recommend
Facet’s “planning agreement” is unjust and reflects poor and untrustworthy business practices; it indicates that “the fee paid for the period is in effect regardless of whether the client takes advantage of the services. I was unable to meet with my planner or finish setting up my account and they still continue to charge me even without any services whatsoever. Once they got my money it was radio silence. When ...Show More
Steve G.
Sep 19, 2023
May or may not recommend
The interactions we had with you were fine, but super standard and general advice. Not really in depth or "advisory." Customers for a full year and we never quite got the value from the platform we were sold when we signed up. Great salespeople, operators aren't very good. The website is too clunky and since it prevents you from having a clear transparent relationship it just makes the ...Show More
Michael R.
Jul 15, 2023
May or may not recommend
Facet Wealth provides a personal advisor who establishes a good relationship with the investor. Answers questions in discussion, answers e mails promptly, has my better interest as priority. Chris is a friendly guy that is always patient to explain the best moves to make in this changing market, as well as balancing my portfolio.
BA
Benjamin A.
Jan 22, 2021
May or may not recommend
I won some money through gambling and was thinking of managing it well compared to the previous ones. I tried checking out some wealth management companies, and I saw Facet Wealth. I clicked, and since I've been doing business with them, I have many positive things to say. The easy onboarding process, expert advice on wealth management, help with tax planning are all that I've been enjoying. Plus, ...Show More
CO
Chijioke O.
Jan 15, 2021
May or may not recommend
Facet wealth management is indeed Highly recommendable. They provide me personalised private banking solutions grounded in good outcomes. Grow, manage and preserve wealth for the good of your future. Financial Experts. Unbiased Investments. 24-hour Priority Banking.
MW
Micheal W.
Jan 2, 2021
May or may not recommend
I WOULD ABSOLUTELY RECOMMEND FACET WEALTH.
They have a great platform that advises on the best way to manage wealth and investments. They don't charge much, and their customer service helped me greatly. I placed a call to their office when I wanted to register, and the whole process was so smooth with no hassle!
I appreciate their professionalism.
Esther O.
Nov 18, 2020
May or may not recommend
Facet Wealth is a great platform that advises you on how to manage your wealth and investments. The registration was very easy, and the dedication and professionalism of their workers I spoke to on the phone convinced me greatly.
It's a perfectly planned pool of investment options that you can pick from and would suit you. No matter the goals or lifestyle plans you set. They also charge at a ...Show More
PC
Prodigee C.
Oct 23, 2020
May or may not recommend
The onboarding process was a breeze. The first phone call already bought me in. They have a wide range of option that should suit everyone, no matter your lifestyle or financial goals. In addition, I like that they charge a flat rate, and the starting price is affordable at $100 per month.
RW
Ryanne W.
Nov 18, 2019
May or may not recommend
Would recommend it's great and very eye opening to me
Showing 10 of 10 reviews
You might also like
Best Wealth Management Firms
SuperMoney
How to Calculate Your Net Worth
Julie Bawden-Davis
5 Sources of Retirement Income
SuperMoney