It is not easy to decide which financial advisor to look to when you’re seeking a good investment. In the US, there are several options to choose from, and many of these are excellent. The best financial advisors usually get the biggest business, and this has been the case for a long time. Here are the top 5 advisor services in 2021.
One can say that Vanguard is to the investment world what Walmart is to supermarkets. Low prices and a huge variety of services make it a solid option for every investor. As of 2020, the firm was handling USD 6.3 trillion in total Assets Under Management (AUM). It has grown by leaps and bounds due to its competitive pricing and the option for investors to retain more of their returns.
Zoe Financial connects high-income earners to the best financial advisors in the country, the top 5% to be precise. The company claims to provide unbiased financial advice and takes into account your best interest. On Zoe’s website, clients answer a few questions, and its intelligent algorithm connects you to financial advisors across the country who all work for no commissions. If you like them, you proceed. If not, you can request a free consultation.
For an annual fee of USD 1200, Facet Wealth offers a gamut of financial advisory services. You can customize services and receive advice from a dedicated planner. Consultations and meetings take place over the phone or on video. Unlike in traditional firms, where the fee is a percentage of the AUM, at Facet Wealth, there is a flat fee that might increase depending on the client’s plan.
Morgan Stanley, the widely renowned investment bank, also has a wealth management wing called Morgan Stanley Wealth Management. This subsidiary manages a total of USD 2 trillion of AUM and services families, institutions, and individuals. Its services include investment management, retirement and wealth planning, and IRAs. Nearly 16,000 financial advisors work with this company, and it operates all over the country.
BlackRock, the largest investment firm in the world, manages more than USD 7.34 trillion of AUM. It has offices in 30 different countries, and its clients are spread over 100 countries. The company has popularized exchange-traded funds and, more specifically, the iShares funds. These funds constitute nearly 25% of its AUM. This also happens to be why it is one of the most popular financial advisory firms in the country.