The best financial advisors are rated based on the following criteria:
- Ease Of Use
Picking stocks is a losing proposition in the long term because most people are not professional investors and most professional investors UNDERPERFORM the S&P 500 index. Therefore, it’s best for individual investors to stick to low cost index funds and ETFs instead. The following are the financial advisor firms for investors to leverage today.
It is very inefficient to pay 1% – 3% of your assets each year to a traditional wealth management firm like Merrill Lynch, Raymond James, and Edward Jones, because they are using the same fundamental investment strategies for retirement as all the digital wealth management firms today. The reason why they are rich is because and you’re not is because of their high fees.
Best Financial Advisors
Personal Capital #1
Personal Capital – Personal Capital has the best free financial tools for investors and people who are most serious about planning for a healthy retirement. You can easily x-ray your portfolio for excessive fees, get a snapshot of your asset allocation by portfolio, track your net worth and plan for your retirement. Personal Capital is free and was founded in 2009 by the ex-CEO of Paypal and Intuit.
Once you’ve started using their free financial tools, there is an option to have Personal Capital invest your money for you for 0.89% a year if you so choose. The fee goes down the more assets you place with them to management.
They use a fantastic digital + human model to provide financial advice and services. They are based in the San Francisco Bay Area.
Read the full Personal Capital review here.
Betterment was founded in 2008 and is one of the largest online-investment advisor with over $25 billion in assets under management (AUM). In March, 2016 Betterment raised $100 million in a Series E round venture funding led by Kinnevik, a Swedish investment firm.
With over $200 million in total funding since inception, it’s clear Betterment is here to stay for the long term. Clients pay as little as 0.15% for Betterment to manage their money.
Read the full Betterment review here.
Wealthfront – Based in the San Francisco Bay Area, Wealthfront is the original robo-advisor and launched in 2011. Its board includes Dr. Burton Malkiel, professor of economics, emeritus and senior economist at Princeton University. He is most known for authoring the classic finance book, A Random Walk Down Wall Street, now in its 12th edition. Wealthfront charges just 0.25% to manage your money, with the first $15,000 free using my link.
Sign up for Wealthfront for free and have them construct a model portfolio for you. They recently raised $75 million in Series E funding in 1Q2018 for a total of $200M.
Read the full Wealthfront review here.
Leverage The Best Financial Advisors Today
Technology has helped reduce costs and create great technological advancements in money management. Use the best financial advisors to help improve your chances of a healthy retirement.
About the Author: Sam has been investing his own money ever since he opened an online brokerage account in 1995. Sam loved investing so much that he decided to make a career out it by spending the next thirteen years after college working at Goldman Sachs and Credit Suisse Group. During this time Sam earned his MBA from UC Berkeley with a focus on finance and real estate. In 2012 Sam was able to retire at the age of 34 largely due investments that today generate roughly $220,000 a year in passive income.
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