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Kate Van Pelt |
Modified date: Jun. 25, 2020
Finding a financial advisor in NYC can be difficult if you’re not already rich. Here are seven of the city's best — who work with more than just the wealthy.
The irony of many financial advisors is they won’t work with you unless you’re already wealthy — in New York City, this is especially true. In fact, many NYC advisors require you to have a minimum of $1 million in assets to become a client. More often than not, this precondition rules out Millennials.
Get Matched with 5-Star Rated Financial Advisors in Your Area
Fortunately, you don’t have to be an old, established millionaire to work with a financial planner — you just have to know where to look. Listed below are seven of New York City’s best financial advisors.
Not only do they share a wealth of experience and widespread recognition in the industry, these men and women are paving the way for our generation — because it’s also their generation.
Overview of the best financial advisors in New York City
Financial advisor Best for Douglas Boneparth, Founder of Bone Fide Wealth, LLC Reliability Andrew Altfest, President of Altfest Personal Wealth Management Broad expertise Julie Ford, Founder of Ford Financial Solutions Complex goals Kaya Ladejobi, Founder of Earn Into Wealth Strategies Wealth-building Gideon Drucker, Director of Drucker Wealth Management’s Wealth Builder Division Financial behavior coaching Kristen Euretig, Founder of Brooklyn Plans LLC Women in their 20s to early 40s Stash Wealth Innovative approach
Douglas Boneparth, Founder of Bone Fide Wealth, LLC
- Contact: 212-390-1161 or [emailprotected]
- Services offered: Financial Planning (includes Cash Management, Investments, Insurance, Taxes, Retirement, and Estate Planning), Millennial Investing, Insurance (includes Life Insurance, Disability Insurance, and Long-Term Care Insurance), Workplace Benefits.
- Asset requirements: No minimum asset or investment requirement.
- Typical fees: Annual financial plans start at $1,950; Millennial investing services are based on a fee-only model.
At the time when Douglas A. Boneparth became a Certified Financial Planner (CFP®), he was one of the youngest in the country. Since then, he’s made young, driven professionals like himself the core of his practice.
In 2017, Douglas and his wife, Heather, wrote “The Millennial Money Fix” to help Millennials learn and implement practical solutions to their financial challenges.
He is a CFP® Board Ambassador and has received extensive recognition in publications like Investment News, Forbes, and CNBC as one of the nation’s leading next-gen financial advisors.
Andrew Altfest, President of Altfest Personal Wealth Management
- Contact: 212-406-0850 or [emailprotected]
- Services offered: Investment Management and Integrated Financial Planning (includes Retirement Planning, Tax Planning, Estate Planning, Insurance, Investment Review, Company Benefits, Education Planning, Cash Flow Goal Planning, and Charitable Giving).
- Asset requirements: While the firm generally requires a minimum account size of $1 million, this qualification is waived for young professionals.
- Typical fees: (For clients who are young professionals) For the first year, clients are charged 0.275% of assets on a quarterly basis, with a minimum quarterly fee of $625 (amounts to a minimum of $2,500 annually; reduced to $1,500 following the first year); Clients pay an hourly fee of $250 for additional financial planning services.
Dr. Lewis and Karen Altfest are industry trailblazers in the financial planning field, and their son Andrew Altfest is now paving the way for his own generation.
He has implemented and directed a variety of unique initiatives at Altfest Personal Wealth Management, such as spearheading the firm’s Young Professionals group, designed for Millennials. Andrew has also received a variety of awards and recognition, including in Forbes list of America’s Top Next-Generation Wealth Advisors in 2017, 2018, and 2019.
Julie Ford, Founder of Ford Financial Solutions
- Contact: 212-799-0631 or [emailprotected]
- Services offered: Financial Planning (includes Cash Flow & Budgeting, Investment Management, Insurance & Estate Planning, Employee Benefits, and more).
- Asset requirements: No minimum asset or investment requirement.
- Typical fees: For Comprehensive Planning (six-month engagement), typical fees are $2,500 upfront, then $450 monthly (based on complexity; with no ongoing commitment). Following the completion of the Comprehensive Planning, clients have the option of transitioning to Ongoing Planning (typical monthly subscription fee is $500, with no ongoing commitment).
Since founding Ford Financial Solutions in 2015, Julie Ford has sought to provide financial planning services for the complex lives of young, urban professionals.
“We guide our clients through the transitional seasons and competing financial goals that accompany these years, such as purchasing an apartment and saving for college while also planning for retirement,” her website reads.
Julie has developed a variety of financial education resources to assist these individuals, including online courses and her personal finance blog, Fiscal Therapy. She has also been featured in several prominent publications like The Wall Street Journal, Forbes, and more.
Kaya Ladejobi, Founder of Earn Into Wealth Strategies
- Contact: 646-494-6220 or [emailprotected]
- Services offered: Cash Flow & Budgeting, Tax Planning & Employee Benefits, Equity & Stock Compensation, Debt Management, Investments & Retirement Planning, Risk Management (Protection), Estate Planning, and Career & Business Choices.
- Asset requirements: No minimum asset or investment requirement.
- Typical fees: Hourly Advice: 30-minute session for $200 or a one-hour session for $400; Ongoing Financial Planning & Investment Management: starting at $6,000 annually ($500 monthly) for a single, W-2 earner. A one-time set-up fee applies for new clients.
Like many of the advisors listed above, Kaya Ladejobi founded her practice to address the lack of financial services available for young professionals — but not just them.
Kaya also recognized other people groups, namely women and people of color, were being underserved in the financial planning field. As a woman of color herself, Kaya launched Earn Into Wealth Strategies to remedy this need. In fact, Kaya hopes to support other women of color who are seeking financial planning as a career, by sponsoring two-three women each year to take the CFP exam. Additionally, Kaya has been featured in Business Insider, HuffPost, and more.
Gideon Drucker, Founder of Drucker Wealth Management’s Wealth Builder Division
- Contact: 646-647-2205 or [emailprotected]
- Services offered: Financial Life Plan™ (includes Tax Management Planning, Goal Based Financial Planning Analysis, Cash Flow Analysis, Protection Planning Analysis, Personal Risk # & Portfolio Analysis, and Retirement Readiness Road Map).
- Asset requirements: No minimum assets or investments; However, Wealth Builder clients (young professionals) typically have an income level over $100,000 and the capacity to save $1,000+ each month.
- Typical fees: For the Financial Life Plan™, Drucker Wealth Management charges a $2,000 one-time planning fee for clients age 29 and under; “We make objective, actionable recommendations that you can choose to implement with our firm or anywhere you feel comfortable. If you choose to work with us after your Financial Life Plan is complete, we may receive commission from some of the elements of your plan we implement.”
Like Andrew Altfest, Gideon Drucker was raised in the financial planning industry. His grandfather, Bernie Drucker, founded Drucker Wealth Management in 1959; his father, Lance Drucker, leads the firm as president today; and now Gideon is stepping in to serve the next generation as the founder and director of Drucker Wealth Management’s Wealth Builder Division.
Recognizing the complex financial needs of his own peers, Gideon created the HENRY Syndrome® suite of services (“High Earners, Not Rich Yet”), designed to educate young professionals and equip them to manage money well. He is also the author of “How to Avoid H.E.N.R.Y. Syndrome: Financial Strategies to Own Your Future” and was recently named a Top Next Gen Advisor by Forbes in 2019.
Kristen Euretig, Founder of Brooklyn Plans LLC
- Contact: 917-727-6497.
- Services offered: Personalized Financial Plans (includes Spending Analysis, Credit Report Review, Debt Analysis, Insurance Review, Estate Plan, Business Income & Expense Review, and more) and Investment Management.
- Asset requirements: No minimum assets or investments.
- Typical fees: Initial 30-minute consultations with Kristen range from $49 to $59; Kristen’s signature service, the Game Plan, costs $650 one-time + $225 per month for individuals and $950 one-time + $395 per month for couples (for a one-year term).
After several years serving high net-worth and low-income clients across New York City, Kristen Euretig founded Brooklyn Plans LLC to equip and educate women in their 20s to early 30s with the financial guidance needed to thrive (while Brooklyn Plans LCC specializes in working with women, no client is turned away on the basis of gender).
Among her financial planning services, Kristen created the Women Wealth Warriors Community, where members receive access to exclusive content to help them take control of their financial health. Kristen has also been featured in the Wall Street Journal, Forbes, and more.
- Contact: 212-913-9904 or [emailprotected]
- Services offered: Financial Planning (includes Estate Planning & Prenups, Accounting & Tax Preparation, Mortgages & Lending Solutions, Insurance & Protection Strategies, Legal Support for Start-Ups, and more).
- Asset requirements: no minimum assets or investments are required for the MoneyMASTERED™ course or the Stash Plan®; clients need $90,000 in minimum investable assets for Stash Management™.
- Typical fees: MoneyMASTERED™ (five video lessons and worksheets) – $247; Stash Plan® (“five-six week process; two one-hour virtual meetings with your dedicated financial planner; A little bit of homework”) – $1497 for individuals and $1997 for couples; Stash Management™ – Your first $90,000 of investable assets (minimum required) is billed at a flat fee of $90/month, or 1.2% per year, but the fee decreases as your assets grow above $250,000.
Stash Wealth is innovative in its financial planning approach, and it’s clear from the moment you open their website — introduced with the tagline “Get Your Financial Sh*t Together.” Co-founder Priya Malani began her career at Merrill Lynch and later at Capital Markets, but learned along the way that clients, especially Millennials, needed to be taught more than simply WHAT to do with their money — they needed to know WHY.
Stash Wealth is a uniquely designed, educational platform, offering online courses in financial planning and investment management for HENRYs™ (High Earners, Not Rich Yet). The firm has been highlighted in established publications like the Wall Street Journal and Forbes, as well as sites like Refinery29 and Girlboss.
Summary of the best financial advisors in New York City
Financial advisor Services offered Primary clientele Douglas Boneparth, Founder of Bone Fide Wealth, LLC Financial Planning (includes Cash Management, Investments, Insurance, Taxes, Retirement, and Estate Planning), Millennial Investing, Insurance (includes Life Insurance, Disability Insurance, and Long-Term Care Insurance), Workplace Benefits Specializes in working with high-income Millennials in their early to mid-30s Andrew Altfest, President of Altfest Personal Wealth Management Investment Management and Integrated Financial Planning (includes Retirement Planning, Tax Planning, Estate Planning, Insurance, Investment Review, Company Benefits, Education Planning, Cash Flow Goal Planning, and Charitable Giving) Specializes in working with young professionals, women, executives, and healthcare professionals Julie Ford, Founder of Ford Financial Solutions Financial Planning (includes Cash Flow & Budgeting, Investment Management, Insurance & Estate Planning, Employee Benefits, and more) Specializes in working with city-dwelling couples, ranging from professionals building wealth to parents of college-bound children Kaya Ladejobi, Founder of Earn Into Wealth Strategies Cash Flow & Budgeting, Tax Planning & Employee Benefits, Equity & Stock Compensation, Debt Management, Investments & Retirement Planning, Risk Management (Protection), Estate Planning, and Career & Business Choices Specializes in working with women in their 30’s or 40’s (typically earning $200k+ if single, or a dual-career household earning $300k+). Common industry backgrounds include law, tech, media & entertainment, and healthcare. Gideon Drucker, Director of Drucker Wealth Management’s Wealth Builder Division Financial Life Plan™ (includes Tax Management Planning, Goal Based Financial Planning Analysis, Cash Flow Analysis, Protection Planning Analysis, Personal Risk # & Portfolio Analysis, and Retirement Readiness Road Map) Specializes in working with young professionals, typically age 25-40 with an income over $100,000; also works with tech engineers, business owners, newlyweds, young families, and physicians Kristen Euretig, Founder of Brooklyn Plans LLC Personalized Financial Plans (includes Spending Analysis, Credit Report Review, Debt Analysis, Insurance Review, Estate Plan, Business Income & Expense Review, and more) and Investment Management Specializes in working with women (though no client is turned away on the basis of gender) Stash Wealth Financial Planning (includes Estate Planning & Prenups, Accounting & Tax Preparation, Mortgages & Lending Solutions, Insurance & Protection Strategies, Legal Support for Start-Ups, and more) Specializes in working with HENRYs™ (High Earners, Not Rich Yet)
How I came up with this list
The list of NYC advisors above consists of experienced financial planners who have crafted their businesses with us in mind — the young, budding professionals. Each fit the following criteria*:
They’re Certified Financial Planners®
All of the advisors on this list are registeredCertified Financial Planners® (CFP®).
Additionally, these advisors are all recognized as industry leaders and have been featured in multiple high-profile publications. Many have even received honors and awards for their leadership.
They don’t require a minimum asset level
Since most people under 30 don’t have millions and millions in assets (especially those that live in high-cost areas like NYC), I wanted to make sure that all of the advisors on my list do not require a minimum asset level to work with them.
They cater to Millennials
Minus a few lucky Millennials, most are not extremely wealthy. And, thanks to the lack of financial education in school, many Millennials didn’t learn a whole lot about how to manage their money. Luckily, all these advisors recognize that and are there to help.
With low fees and lower asset requirements, Millennials can feel comfortable going to these advisors with their unique money situations – no matter what shape their finances are in.
*Please note that only some, and not all, of the financial planners employed at Stash Wealth are CFPs (co-founder Priya Malani is a CFP), and their Stash Management™ course requires a minimum of $90,000 investable assets.
What should you look for in a financial advisor?
There are a variety of qualities you can use to narrow your search for an advisor, but most financial organizations agree to start by searching for a CFP® professional or a candidate for the CFP® certification. This credential is considered the “standard for excellence” in the financial planning realm, as all CFP’s have undergone rigorous education, passed a CFP exam, completed several thousand hours of professional experience, and agreed to follow a high code of ethics (the 4 “E’s”). Furthermore, all CFPs have agreed to act as “fiduciaries” when offering services, which means they are legally required to act in their client’s best interests — even to the detriment of their own.
Next, you’ll want to discuss with your potential advisor the topic of compensation. What you want to prioritize are advisors that are “fee-only,” which means they do not sell investment products or earn a commission.
Websites like the Fee-Only Network and the XY Planning Network list fee-only financial advisors exclusively. The majority of the financial planners listed above are confirmed fee-only advisors on these networks and/or on their personal website. Nevertheless, you should always ask your potential advisor how they’re compensated before doing business.
Finally, you’ll want to search for an advisor you like and, ideally, who is close to your age. Keep in mind you’re searching for someone to help direct a significant aspect of your life. They should be able to understand your unique goals and season of life and should be able to collaborate with you well.
What questions should you ask a financial advisor?
No matter where you choose to search for a potential financial advisor, here are some general questions to help you find a good match.
- Are you a CFP® professional? What other certifications, if any, do you have?
- Are you a fiduciary?
- How are you compensated for your services?
- Do you require a minimum income or asset level?
- What is your educational and professional background?
- Who is your primary clientele?
- What is your investment philosophy?
Money is a powerful part of your everyday life, and, in this time of life especially, your are facing a variety of important financial decisions.
When should I buy my first home? Where should I invest my money, and how do I even get started? How do I save for retirement and my child’s college fund at the same time?
This is why financial advisors can be such invaluable assets. They help you budget, prepare a thorough estate plan, diversify investments, navigate taxes, and more. But ultimately, these advisors can help you pursue and attain financial health. With the help of their expertise and education, you can take and maintain control of your money and, consequently, your life and your future.
- Do You Need A Financial Advisor?
- How To Choose The Best Financial Advisor For You
- The Best Investment Accounts For New Investors
- The Best Robo-Advisors
About the author
Total Articles: 52
Total Articles: 52
Kate Van Pelt is a writer and editor based in the Pacific Northwest. She has a bachelor’s degree in business management and English and has established her professional career in marketing and research writing. Since 2015, Kate has created educational materials covering a variety of financial topics, from home loans and credit cards to retirement accounts and estate planning. She spends her free time thrift shopping, making cocktails, and enjoying the outdoors with her dogs, Vira and Elmer.
Read more from this author
Who are the top 5 financial advisors? ›
- Woodley Farra Manion.
- Dana Investment Advisors.
- Albion Financial Group.
- Heritage Investment Group.
- Edgemoor Investment Advisors.
- Salem Investment Counselors.
- Leavell Investment Management.
- Halbert Hargrove Global Advisors.
- Benjamin Graham.
- Warren Buffett.
- Peter Lynch.
- Dave Ramsey.
- Suze Orman.
- Jim Cramer.
- Robert Kiyosaki.
- Ben Stein.
- How do we work together? ...
- What services do you provide? ...
- What professional experience do you have? ...
- What's your investment philosophy? ...
- How are you paid?
When it comes to paying for a financial advisor, the costs are usually based on assets under management (AUM) or in simple terms – how much money they manage for you. The fees are in the vicinity of 0.20% to 1.5% of AUM per year. Some financial advisors charge a fee for service or annual fee instead.How do you know if your financial advisor is good? ›
- They work with you. ...
- They take a holistic view of your finances. ...
- They develop and customize your investment strategy. ...
- They have the support of an investment team. ...
- There is a lack of transparency.
- Financial Statements. Provide copies of your financial statements—including those from your banks, brokerage firms and retirement account custodians—and your tax documents.
- Income and Expenses. ...
- Debt. ...
- Insurance. ...
- Goals. ...
- Your Questions.
If your personal fortune includes millions of dollars and a yacht or two, you may be the ideal candidate for working with a wealth advisor. Wealth advisors are the financial professionals whom affluent individuals often turn to when they need assistance managing their fortunes.Is Edward Jones a fiduciary? ›
Edward Jones does not serve as a fiduciary except for at the Plan level of retirement plans. This means that their advisors aren't legally required to put their clients' needs ahead of their own. And Edward Jones' compensation disclosure admits that some of its advisor incentives could lead to conflicts of interest.Is it worth paying 1% for a financial advisor? ›
If you're already working with an advisor, the simplest way to determine whether a 1% fee is reasonable may be to look at what they've helped you accomplish. For example, if they've consistently helped you to earn a 12% return in your portfolio for five years running, then 1% may be a bargain.How much does a fidelity financial advisor cost? ›
11. Gross advisory fee applicable to accounts managed through Fidelity® Strategic Disciplines ranges from 0.20% to 0.49% and gross advisory fee applicable to accounts managed through Fidelity® Wealth Services ranges from 0.50%–1.04%, in each case based on a minimum investment of $2 million.
What return should I expect from a financial advisor? ›
Industry studies estimate that professional financial advice can add between 1.5% and 4% to portfolio returns over the long term, depending on the time period and how returns are calculated. A 1-on-1 relationship with an advisor is not just about money management.Which bank has best financial advisors? ›
Michael Larson (born October 1959) is an American money manager. He is the chief investment officer for the Bill & Melinda Gates Foundation, and Bill Gates' personal fortune through Cascade Investment. He assumed the role in 1994.What is better than a financial advisor? ›
For example, if you have short-term issues or need assistance with specific questions or investments, a financial advisor can usually be a big help. However, if you want support for developing a comprehensive long-term plan for your finances, you may be better off working with a financial planner.Which is better a fiduciary or financial advisor? ›
A fiduciary financial advisor makes investment decisions with your best interest in mind, while a financial advisor who isn't a fiduciary may recommend products for which they receive a commission or other form of payment.What to do before talking to a financial advisor? ›
- List your assets and liabilities.
- Outline your income and expenses.
- Write down your goals.
- Consider the needs of your family.
- Understand your financial strengths and weaknesses.
- Get your financial documents in order.
The drawbacks include high stress, the hard work needed to build a client base, and the ongoing need to meet regulatory requirements.What are the warning signs of bad advisor? ›
Tell-tale signs of an untrustworthy advisor
Funnelling all communications through them and trying to cut everyone else, including you. They may also list their email address for your business as well as creditors. Misusing the Personal Property Securities Register (PPSR) and making false registrations.
“If judging performance only, clients need to give an advisor three to five years minimum, and realistically, five-plus is probably better,” said Ryan Fuchs, a certified financial planner with Ifrah Financial Services. “It may take several years before you can truly see how an investment strategy will work.What should you watch out with a financial advisor? ›
- 01 of 04. They Are Not a Fiduciary. If a financial advisor is not a fiduciary—someone who is legally obligated to act in your best interest and put your needs first—that is a red flag. ...
- 02 of 04. It Is Unclear How They Make Money. ...
- 03 of 04. They Are Trying to Sell You Something. ...
- 04 of 04. They Are Not Legitimate.
How many times should you meet with your financial advisor? ›
You should meet with your advisor at least once a year to reassess basics like budget, taxes and investment performance. This is the time to discuss whether you feel you are on the right track, and if there is something you could be doing better to increase your net worth in the coming 12 months.How often should you meet with your financial advisor? ›
Experts recommend that you meet at least once a year with a financial advisor to discuss your investment plan and review your risk tolerance and cash flow objectives.What is considered high-net-worth for financial advisors? ›
A high-net-worth individual is somebody with at least $1 million in liquid financial assets. HNWIs are in high demand by private wealth managers because it takes more work to maintain and preserve those assets. These individuals also qualify for increased and better benefits.Who are Elon Musk's financial advisors? ›
Hire bodyguards, sell homes and lead — at least on paper — a billion-dollar neurotechnology company. No problem, boss. So it goes for Jared Birchall, who for the past six years has served as the right-hand man for Elon Musk, handling the fortune and whimsies of the world's richest person.Are Wells Fargo advisor fees high? ›
Wells Fargo Advisors' cons
Higher than average fees: With fees generally ranging between 2% and 2.50% for its investment management programs, The firm's fees tend to be higher than the industry average rates, which generally fall between 0.50% to 1.25% of assets under management.
Edward Jones vs Fidelity Investments.
|Compensation and benefits||3.8||3.5|
|Job security and advancement||3.5||3.2|
Edward Jones has a lot of sales reps/ brokers/ advisors and real estate. This is one of the primary reasons that fees are so high for clients. Most of their advisors are not a fiduciary for clients. Edward Jones also uses a lot of expensive mutual funds like American Funds and other companies that have 12b-1 fees.Are financial advisors fees tax deductible? ›
While financial advisor fees are no longer deductible, there are things you can do to keep your tax bill as low as possible. For example, those strategies include: Utilizing tax-advantaged accounts, such as a 401(k) or IRA to invest.What is the difference between a financial planner and a financial advisor? ›
A financial planner is a professional who helps individuals and organizations create a strategy to meet long-term financial goals. "Financial advisor" is a broader category that can also include brokers, money managers, insurance agents, or bankers. There is no single body in charge of regulating financial planners.
Is Charles Schwab a fiduciary? ›
Is Charles Schwab a fiduciary? Yes, at Charles Schwab, a financial advisor has the fiduciary duty to work in their clients' best interests at all times, putting them above their own interests and the interests of the firm.Is Vanguard or Fidelity better? ›
Bottom Line. If you want to actively trade within your accounts, Fidelity might be the better option. However, if you're more focused on index investing, or you want to use a robo-advisor, Vanguard has a slight edge.Does Charles Schwab have hidden fees? ›
Schwab doesn't have any annual or inactivity fee, and the fee to transfer some assets out of the account is $25, while a full transfer is $50.Why Fidelity is the best? ›
Fidelity offers $0 trading commissions, a selection of more than 3,300 no-transaction-fee mutual funds and top-notch research tools and mobile platform. Its zero-fee index funds and strong customer service reputation are just icing on the cake. when you open a new, eligible Fidelity account with $50 or more.What happens if a financial advisor loses you money? ›
You can file an arbitration claim to seek financial compensation when an investment advisor, stockbroker, or brokerage firm fails to comply with FINRA's rules and regulations, and you lose money as a result.What happens when you leave a financial advisor? ›
In most cases, you simply have to send a signed letter to your advisor to terminate the contract. In some instances, you may have to pay a termination fee. Before you ditch your current advisor, read through all those dirty details.Who is better Charles Schwab or Edward Jones? ›
|Compensation and benefits||3.8||3.5|
|Job security and advancement||3.5||3.2|
Edward Jones vs Fidelity Investments.
ICONIQ Capital is an American wealth management and investment firm based in San Francisco, California. It functions as a family office that provides wealth management services to high net worth clients such as Mark Zuckerberg, Sheryl Sandberg, Jack Dorsey and Jeff Weiner.What does Warren Buffett think of financial advisors? ›
Buffett, 91, shared no love for financial advisers and Wall Street, saying they make money by feeding off "the crumbs from the table of capitalists" and called investment a "simple game."
Are Edward Jones fees high? ›
Some of the products Edward Jones sells come with high fees, such as life insurance and annuities. But that will be true at any other firm for those same financial products. EJ says that 36% to 40% of these commissions go straight to the advisor.Where is the safest place to put your retirement money? ›
The safest place to put your retirement funds is in low-risk investments and savings options with guaranteed growth. Low-risk investments and savings options include fixed annuities, savings accounts, CDs, treasury securities, and money market accounts. Of these, fixed annuities usually provide the best interest rates.Is Edward Jones losing financial advisors? ›
In 2021, the firm had a net loss to its advisor headcount for a calendar year for the first time in a decade, prompting St. Louis-based Edward Jones to disclose its plan to recruit about 1,500 representatives.Does Edward Jones have a good reputation? ›
J.D. Power, the data analytics company, ranked Edward Jones the highest in investor satisfaction with full-service brokerage firms in 2021.What is the average return with Edward Jones? ›
Our expectations are for fixed-income returns to average 3% to 4.25%. Therefore, if your portfolio objective is Balanced Growth and Income, for example, you can expect a long-term average return between 4.5% and 6.5%.Where is Edward Jones ranked? ›
Edward Jones Ranks No. 11 on the 2022 Best Workplaces in Financial Services & Insurance by Great Place to Work® and Fortune Magazine.Who are the top Fiduciary financial advisors? ›
|Rank||Financial Advisor||Assets Managed|
|1||Fisher Investments Find an Advisor Read Review||$208,905,102,124|
|2||CAPTRUST Find an Advisor Read Review||$655,054,291,754|
|3||Mercer Global Advisors, Inc. Find an Advisor Read Review||$34,011,524,251|
If your personal fortune includes millions of dollars and a yacht or two, you may be the ideal candidate for working with a wealth advisor. Wealth advisors are the financial professionals whom affluent individuals often turn to when they need assistance managing their fortunes.What is the number 1 rule of investing? ›
1 – Never lose money. Let's kick it off with some timeless advice from legendary investor Warren Buffett, who said “Rule No. 1 is never lose money.What is the first rule of money? ›
He is seen by some as being the best stock-picker in the world; his investment philosophies and guidelines influence numerous investors. One of his most famous sayings is "Rule No. 1: Never lose money.
What are the 2 rules of investment? ›
Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule.