Best Online Financial Advisors

If you want to get the best financial advice, look for a firm with reasonable fees and low account minimums. You should also look for a firm that offers services tailored to your unique needs. A robo-advisor might appeal to younger investors who are comfortable working with computer programs. These advisors typically charge lower fees than traditional advisors and can be accessed 24/7.

Zoe Financial

Zoe Financial, a company that connects consumers with advisors, uses technology to simplify the process of finding and hiring an advisor. They offer a range of services that include digital account opening, instant cash funding, and automated rebalancing. The platform also provides clients with a variety of educational resources. The company was founded by Andres Garcia-Amaya and is headquartered in New York City.

Zoe’s advisor network includes a broad range of experts, including CFPs, CFAs, and CPAs. Each professional is required to undergo a world-class vetting process that Zoe says only about 5% of finance professionals can pass. They must also have up-to-date credentials and meet a minimum level of assets under management.

The company’s services and products include retirement planning, investing, taxes, family planning, and estate planning. Advisors are available via phone, email, and video chat. Clients can also access their advisor team through a mobile app. Advisors can hold any type of investment accounts, such as taxable accounts, 529s, and trusts, and can manage the company’s clients’ 401(k)s. They can also help with home purchases, taxes, and financial windfalls, such as inheritances and settlements from lawsuits.

Fidelity Investments

Fidelity Investments offers a wide range of services and products. They have been in business for over 50 years and currently have more than $3.8 trillion in assets under management. The company has a large selection of mutual funds, ETFs and exchange-traded notes (ETNs). They also have an extensive selection of options for retirement accounts.

For less active traders, the Fidelity Go robo-advisor offers an automated investment portfolio that matches your goals with your risk tolerance and timeline. The service offers a fee of zero advisory fees for balances below $25,000 and 0.35% for accounts with $25,000 or more. Fidelity also has a full-service brokerage division, and their financial advisors can help you create a personalized investment plan.

In addition to providing a variety of tools and research, Fidelity also has a great mobile app for trading stocks and mutual funds. The app lets you track and manage your investments, as well as pay bills with no fees. Fidelity offers a range of account types, including individual and joint accounts, IRAs, SEP-IRAs and 529 college savings plans. The company is known for its wide range of services, customer satisfaction and long tenure in the industry.

Betterment

Betterment is an all-in-one investing and savings platform. It starts by asking you a few questions about your financial goals and risk tolerance. Then, it recommends a portfolio based on your answers. It also helps you save money by offering a low-fee checking account and a high-yield savings account.

The company’s transparent model allows you to see exactly what is in your portfolio, including the underlying securities. It also carries out all trades through verified brokers and provides detailed dividend reports. Betterment also offers a variety of tax-efficient features, such as automatic rebalancing and deductible contributions to retirement accounts.

In addition to its automated investment services, Betterment offers a number of other products, such as the no-fee Betterment Checking, which includes a free Visa debit card and reimburses ATM fees worldwide. The company also offers a low-fee cash reserve account that earns 0.30% APY. It recently added student loan management services to its offerings and acquired startups like Gradvisor and Makara. These acquisitions reflect Betterment’s focus on serving RIAs and their clients. Betterment is featured in CB Insights’ Expert Collections, which feature analyst-curated lists of the most promising private companies.

Ameriprise Financial Investments

Ameriprise Financial Investments offers a variety of services and products including retirement planning, investments and insurance. They have a long history in the industry and a large network of advisors nationwide. They also offer online tools for managing accounts and coordinating with advisors.

While many people report good experiences with their Ameriprise advisors, some customers have reported high fees and commissions. Moreover, the company may promote its own proprietary investment products, which can lead to conflicts of interest and lower returns. The company’s 401(k) offerings have higher fees than other competitors, which can reduce investors’ returns over time.

Ameriprise advisors are often incentivized to sell insurance and investment products that are not necessarily best for clients. They push high-cost products such as RiverSource annuities and looser real estate Reits, which produce high commissions for the agents. These products are not good for the long term and can significantly erode your investment portfolio’s value. If you are considering Ameriprise Financial as your financial advisor make sure to ask about all the fees and commissions. They will be less likely to hide these from you.

Facet

Facet provides personalized financial planning and investment management for a flat annual fee. Its advisors work with clients by phone or videoconference to answer questions and provide advice. Evening and day appointments are available, and meetings can be as frequent as you wish.

The company’s services include life planning, asset management, insurance planning, tax planning, and estate planning. Its investment portfolios are broadly diversified and use ETFs and mutual funds to minimize risk and volatility. It also offers tax-loss harvesting and rebalancing for taxable accounts.

Unlike traditional in-person financial planners, Facet does not charge a minimum portfolio size. However, the service may not be suitable for investors with a small portfolio balance.

For those interested in learning more about the service, Facet offers a free 30-minute virtual consultation. Its introductory questionnaire will help you decide if the company is a good fit for your financial needs. After the consultation, you’ll receive a link to begin the digital onboarding process at your convenience. Once you’ve completed the onboarding process, you’ll be assigned a certified financial planner (CFP) who will help you create a financial plan.