SmartAsset.com | Empowering You to Make Smart Financial Decisions (2024)

FAQs

How much does SmartAsset cost? ›

No Hidden Fees. Our service is completely free and it only takes a few minutes to get started. Don't worry - you have no obligation to work with any of your matches.

SmartAsset launched in July 2012 by CEO Michael Carvin and CTO Philip Camilleri as a Y Combinator startup company. The company's product offering initially revolved around home buying.

Yes, SmartAsset is a legitimate financial technology company, founded in 2012. The company provides personalized financial advice and tools to help individuals make informed decisions about their finances. They are well-respected in the financial industry and have received positive reviews from users.

How Does SmartAsset Make Money? SmartAsset makes its money in two main ways: commissions and partnerships. Financial planners pay SmartAsset for directing potential clients their way. This amount depends on how much money the client has to invest.

While 1.5% is on the higher end for financial advisor services, if that's what it takes to get the returns you want, then it's not overpaying, so to speak. Staying around 1% for your fee may be standard, but it certainly isn't the high end. You need to decide what you're willing to pay for what you're receiving.

SmartAsset was founded in 2011. Where is SmartAsset's headquarters? SmartAsset's headquarters is located at 122 East 42nd Street, New York.

Who are SmartAsset's investors? Andrew Vigneault, Evolution VC Partners, Flexcap Ventures, Gray Ventures, and PROOF are 5 of 26 investors who have invested in SmartAsset.

The best way to find high-quality leads for financial advisors is to use a sales intelligence platform like Cognism. It allows you to find global, compliant contact and company data on the leads that match your ideal customer profile.

Legitimate investment professionals—including registered financial professionals (also known as registered representatives), investment advisers and insurance agents—must be licensed with FINRA, the Securities and Exchange Commission (SEC) or your state securities or insurance regulator before they can sell you ...

Is SmartAsset a public company? ›

What is SmartAsset's stock price? SmartAsset is a privately held company and therefore does not have a public stock price. However, you may access SmartAsset's private market stock price with Forge Data.

Objectivity: We find, analyze and present information in a clear and unbiased fashion. Partisanship, nor business partners, have any place in our editorial decisions or content.

What is SmartAsset? SmartAsset is a fintech startup that was founded in 2012 by co-founders Michael Carvin and Philip Camilleri. The company is headquartered in New York City.

Key takeaways

Industry studies estimate that professional financial advice can add up to 5.1% to portfolio returns over the long term, depending on the time period and how returns are calculated.

‍Advisor (Management) Fees

The industry typically refers to this as an investment management fee and averages between 1-2% of assets (i.e. A $100,000 investment could cost you between $1,000 - $2,000 annually).

An AdvisoryHQ study averaged three years of wealth management fees across the U.S. and found that, for a client with $1 million in assets, the average AUM fee was 1.02%. A 1% AUM fee means that a client will pay an annual fee of $10,000 to work with an advisor on an investment portfolio of $1 million.

401(k) fees can range between 0.5% and 2%, based on the size of an employer's 401(k) plan, how many people are participating in the plan, and which provider is offering the plan. The average annual fee charged by most funds is 1%, as per the Center for American Progress.

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SmartVestor Pros pay an advertising fee to be a part of the program, making the service free for you to use.