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EFE has over $288 billion in assets and over 143 offices nationwide.
What Services Does Edelman Offer?
Edelman offers a comprehensive suite of services.
Different types ofclients and accountscan have various minimums.
The focus of EFEs philosophy is client-centric in three ways.
Financial strategies are based on each individualsgoals, needs and risk tolerance.
Second, EFE advocates a holistic lens to an individuals financial health.
Who Should Use Edelman Financial Engines?
The firm also manages $288 billion in assets.
Recently, Barrons has rated Edelman as thetop Registered Independent Advisor firm.
This is the seventh year that it has received this honor.
The Better Business Bureau has given Edelman an A+ rating on its site.
Since 2010, Edelman has been accredited on the BBB site.
However, there are no current customer reviews on the site.
While another user has stated they had zero issues.
App is a much quicker way to look at my portfolio than logging into my computer.
Some of theApple Store reviewsrave about the app.
One recent user says, I do love this app and I love the services from Edelman.
They were friendly and informative from the start to really get a grasp onmy retirement goals.
Customer reviews on Yelp are generally unfavorable.
Many had complaints about the constant exodus of advisors as well as the investments being highly inflexible.
Others had issues with the fees.
There were 67 reviews total on Edelman Financial Services with a 1.7 rating out of five stars.
Edelman Financial Engines vs.
Competitors
Heres a look at how Edelman compares to similar financial advisory firms.
Betterment vs. Edelman Financial Engines
Choosing betweenBettermentand Edelman Financial Engines depends on your financial goals.
Betterment offers advice on retirement planning and savings.
Unless you qualify for a premium account, your advisor will be automated.
Wealthfront vs. Edelman Financial Engines
Wealthfronthas some of the same services as EFE but is also different.
Wealthfront offers strategies forcollege planning and home buying, for example, which EFE doesnt.
Wealthfront doesnt necessarily customize financial plans, thoug its robo-advisors service automates and personalizes a plan for its clients.
Understanding Edelmans Financial Tools and Resources
Edelmans online tools include a personalized dashboard.
This dashboard shows comprehensive views of their financial tools, including assets, liabilities and net worth.
It also tracks progress of savings and retirement goals, as well asdebt reduction tracking.
Interactive tools allow individuals to model different financial scenarios to show impact of market changes or retirement plans.
AI tools help individuals look at contributions and make changes if necessary.
These tools help individuals make informed decisions withconvenient and accessible informationavailable to them.
By offering a range of tailored services, they cater todiverse financial needswhile maintaining transparency in their fee structure.
Research Methodology
Heres a breakdown of the different factors that comprised GOBankingRates scoring.
The fees are in addition to any underlying fund expenses.
The fee component isnt always transparent via the website.
Formost current and accurate fee information, contact Edelman directly.
For smaller accounts and those who want short-term gains, Edelmans fees may be too high.
EFE has been listed as the top managed account provider forworkplace retirement plans.
Edelman has more than 145 offices nationwide and over 1.3 million clients.
Some customers felt that there wasnt enough communication with their advisor or that they changed too frequently.
Clients can either choose a wrap around fee for an investments or pay hourly for specific services.
