Future Advisor: An Overview

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In this post I provide a quick bird’s eye view of Future Advisor.

What is Future Advisor? 

Future Advisor is an investment advisory firm.

 

What does Future Advisor offer?

They offer guidance for your Retirement, College Savings, and Investments.

 

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What services FutureAdvisor offers and what is is their fee structure?

Retirement: Advice is FREE forever if you are using their DIY option. You can link you retirement account to Future Advisor or manually report your current holdings. They review your holdings and provide their recommendations. You can then make changes to your investments by yourself based on their guidance.

College Savings: Future Advisor manages your College Savings for FREE. They manage your account and also take care of disbursement of funds to college for education.

DIY Option: If you are a Do It Yourself investor, they offer a personalized investment recommendation for your portfolio. You can execute the trades by yourself in your brokerage account based on their recommendations. This service is FREE!

Investments: They offer investment management services. The fee is 0.5% for all your investments (Traditional IRA, Roth IRA, SEP IRA, Individual and Joint Brokerage Accounts) directly managed by Future Advisor. They invest and manage your portfolio.

 

Where does FutureAdvisor invest your money?

Future Advisor has partnered with Fidelity and TD Ameritrade. If you sign up with Future Advisor to have them directly manage your investments, they open an account on your behalf with Fidelity or TD Ameritrade and manage your investments. Investments are made on ETF’s that have very low expense ratios and the trades are commission free. This is what I understand from reading their website.

If you have your investments in any other brokerage company, you don’t need to liquidate your investments. You could transfer them over to Fidelity or TD Ameritrade if you choose Future Advisor to directly manage your investments.

 

What am I doing today and what is my opinion?

I signed up as a DIY Investor (FREE) and linked my external brokerage account with FutureAdvisor. It is immediately analyzing and giving me some investment advice. I am going to evaluate their recommendations and see if it makes sense to apply what they recommend to my investments.

My opinion, I see no harm in giving them a try as a DIY investor where they provide FREE guidance indefinitely. So, give if them a try. There is no harm in getting a second opinion.  Happy Investing!

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4 thoughts on “Future Advisor: An Overview”

    1. Yes, it is. I signed up for the DIY free option and I am evaluating it. My experience has been positive thus far. I have started making some small changes based on their feedback. I plan to write a post with my evaluation in the upcoming weeks.

      Give it a shot, it is free and you got nothing to lose.

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