Edelman Financial Services

6550 Rock Spring Dr Ste 510
Bethesda, MD 20817301-530-3494

Ratings

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Consumer Ratings for Edelman Financial Services — 16 Ratings

Percent of customers who rated service "superior" for:
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Consumer Comments for Edelman Financial Services

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Consumer from Clarksburg, MD
Feb 05, 2019
Not Recommended
While they are clearly qualified our experience was that for what services we did get their fees were way too high as a percentage of our portfolio. Unless you literally make changes often or have some crazy ridiculous complex financial life that you cannot handle yourself I would go it on your own as you can do most of this by yourself and there's plenty of information on the Internet that provides the same advice for free. They claim your financial life is "more than just investments" but how often are you buying cars and homes and changing jobs and so on to the degree where you need someone like EFS just in case? Our issue was that for the $8000 in fees it was costing us per year they really didn't do anything special in our circumstance because we simply do not change our financial situation that often and I could have put that $8000 towards investments instead of their pockets. And the advisor we had...was terrible. Hard to reach, only took phone calls and never responded to my emails as if he didn't want to put anything in writing and my questions did not involve sensitive info...just stopped trusting him and was not very impressed with their services overall. If you must use them I would suggest a one-time meeting to go over everything and just pay their $800 fee once in a while...that might make sense when things change but not worth it on an on-going annual basis in my opinion. To each his own. I stopped using them, went with Betterment and my returns have never been higher. The rest of our finances are just not that complex so no need to retain a financial advisor like them.
Consumer from Bristow, VA
Sep 21, 2018
Recommended
Been with them for 7 years. Some of their advice I take, and others I reject. They have proven ethical, reliable and provide outstanding service for a reasonable fee.
Consumer from ROCKVILLE, MD
Apr 11, 2018
Recommended
JB Liebstein has provided me with excellent advice and service.

...and 13 more consumer comments for Edelman Financial Services