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FutureAdvisor Reviews

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About FutureAdvisor

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FutureAdvisor is an investment app from BlackRock that fully manages traditional IRAs, Roth IRAs, rollover IRAs and individual and joint taxable accounts. The company holds your investments in a Fidelity or TD Ameritrade account. FutureAdvisor also provides educational materials for new or learning investors.

Pros
  • Full investment management
  • Free tools and guidance
  • Works with Fidelity and TD Ameritrade
Cons
  • 0.5% management fee
  • No self-management option

FutureAdvisor Reviews

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    Staff

    Reviewed Nov. 23, 2016

    I opened a Future Advisor premium account in June 2016 with the understanding that I will be able to decide on the investments they make with my money. Based on their advice, I opened an account with Fidelity Investment under the management of FutureAdvisor. It was mentioned that I can make a choice of any 3 out of the 4 investment options offered to me. Ever since I made my investment, FutureAdvisor refused to even discuss my portfolio. The portfolio started to degrow and I reached out to them as similar portfolios with other advisors were growing. I wrote the following to FutureAdvisor on Nov 12, 2016: "I am concerned to see the performance of my future advisor managed account with Fidelity. I have similar amount invested with other advisors and they are all in the positive. All the investment category in Future Advisor investment is in the negative."

    I had a call with FutureAdvisor on Nov 16, 2016. The advisor (Nick) told me that this kind of portfolio will degrow and I need to open a separate retirement account, if I need to see profitable growth. On complaining and requesting closure, they terminated the account management with Fidelity and left it on me to withdraw the money by putting in trades to sell my holdings. They wrote to me that "While we're sad to see you go, we certainly understand that the FutureAdvisor Premium Service is not for everyone. Your FutureAdvisor Premium Account has been canceled. FutureAdvisor has been delinked from your accounts at Fidelity Investments, and you will retain the same account number. Your FutureAdvisor Basic Service account will remain open, and you can re-initiate your Premium application at any time by simply sending us an email."

    On talking to Fidelity, I found out that I have to pay money to Fidelity (in terms of trade charges) to withdraw the money. The minimum courtesy that I had expected from FutureAdvisor was to close the account and refund the amount and not leaving a client high and dry. When I called FutureAdvisor back on Nov 21, 2016, they agreed to re-open the account and provide me with another advisor who can help me with the funds. I submitted a new application and completed the entire process.

    I suddenly get a mail from FutureAdvisor on 22nd November, 2016 as follows: "Based on your previous conversation with our Financial Advisor team which led to the cancellation of management on your account last week, we feel we are not a good fit for your investment goals. Thus, we will not be moving forward with your reapplication to our services. We are not linked onto your account at Fidelity and those assets remain solely under your control. Please contact Fidelity with any further questions or requests regarding your account."

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    Customer ServicePunctuality & SpeedStaff

    Reviewed Aug. 25, 2016

    The customer service is prompt, informative, professional, and friendly. However one thing I would like to note is whenever I call I always have to wait for at least fifteen minutes before I am able to speak to a live representative. I would also like to add that the brand representatives are very helpful at explaining the nuances between the plans. Overall I was very satisfied with the overall absence of any additional hidden fees. This service was extremely easily to use. Not only was the online and mobile access extremely accessible and very convenient to use, the support I received over the phone was one of the most elucidating experiences with customer services I have ever experienced.

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    Customer ServiceOnline & AppStaff

    Reviewed Aug. 23, 2016

    Any time they can help you through calls or chat. That's the wonderful thing and they professional or call attendees have a great knowledge too. We can do a little bit of customization but some aspects are restricted and I don't know why. Whatever, the useful and available customization is pretty good enough if you were on track. The additional fees are not too high when compared with the remaining companies. They also deduct if the customer is a kinda student and poor. No need to worry to use the app or web application. Because they are very easy even for the less educated person. Easy do the business without any support or questions.

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    Reviewed Aug. 11, 2016

    It is an excellent and innovative service that helps you improve your quality of life and create new experiences for the future.

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    CoverageStaffEase of Use

    Reviewed Aug. 10, 2016

    Very helpful. Easy to use. They make you feel very welcome. I will continue to use this service for a long time. No matter what the situation I know I’m covered. Flat rate tuition covers most program and service related costs. The following fees are charged to defray the costs of specific programs.

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    Customer ServiceEase of Use

    Reviewed Aug. 9, 2016

    Very thorough service for my account. I was explained everything in layman's terms which I needed. I was always looked in the eye during conversation. Easy to customize and easy to understand what I am reading. Navigating is very easy. Advancements are perfect. Time to complete the project is quick. There were no additional fees that are even worth complaining about. Additional fees are sometimes needed especially in times of error. Ease of use was pleasant and quick. I did not need help but I was offered help often. I always knew who and what to ask if I did have a question of some sort.

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    Customer ServiceSales & MarketingPriceStaffEase of Use

    Reviewed Aug. 8, 2016

    The customer service experience far over exceeded the normal. Meaning that they were very helpful in my business and personal meetings. The customization options were more than expected. I was able to customize my own business portfolios and was even able to customize my own business advertising. The additional fees were well worth all of the summary costs when you think of all of the potential benefits that it can do for your company. The ease of use makes the application so easy to use. I would definitely recommend this business application to my friends and colleagues.

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    Customer ServiceStaffReliabilityEase of Use

    Reviewed Aug. 5, 2016

    The customer service is awesome. They work very hard and consistent to ensure that the customers are satisfied and that their needs are met in a timely manner. The customization is very effective. You are able to get tasks done without the worries. It is also easy and definitely reliable. The additional fees may be a bit high but I guess if the service is as expected you will not notice it very much since you are getting your money worth. It is easy to use and very user-friendly. If there is any issues they are very reliable and competent to address the matter as soon as possible.

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    PriceEase of Use

    Reviewed Aug. 3, 2016

    Good service, fast attention, good price, 100% recommend, not problem. Satisfied all. I could renew the service the next year in this company. Many options of customization for all. I am happy with the service offered by this company, and I highly recommend it to anyone else. Meets all the needs. It is very easy to use, and is very friendly to work with her. It offers multiple options for use. I have no complaints about ease of use.

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    FutureAdvisor Company Information

    Company Name:
    FutureAdvisor
    Year Founded:
    2010
    City:
    San Francisco
    State/Province:
    CA
    Country:
    United States
    Website:
    app.futureadvisor.com