Facet Wealth

Facet Wealth Reviews

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About Facet Wealth

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Facet Wealth offers online investment advice through its staff of more than 100 certified financial planners (CFPs). These individuals work to provide objective investment advice on a fee model instead of a commission-based system. Investors generally meet with their Facet representative online a few times a year. Prices vary considerably, with customers paying anywhere between $1,800 to $6,000 annually for online support.

    Pros & Cons

    • Flat fees
    • Qualified fiduciary advisors
    • No asset minimums
    • Comprehensive financial planning
    • Online only
    • Opaque pricing

    What is Facet Wealth?

    Facet Wealth is an SEC-registered investment adviser headquartered in Baltimore, Maryland. It employs fiduciary financial planners who provide investment advice and support to customers nationwide.

    Because Facet Wealth doesn’t charge based on your assets under management, it doesn’t have any account minimums. That means you can get help from a qualified fiduciary no matter how much you have to invest.

    How does Facet Wealth work?

    When working with Facet Wealth, you’re paired with one of its more than 100 certified financial planners (CFPs). These professionals aren’t selling assets or working on a commission; their fiduciary status means they must offer investment advice and education in your best interests.

    Your CFP helps you create a strategic investment blueprint that includes everything from a 401(k) to brokerage accounts. You then meet online with your CFP a few times each year (four is average) to understand your investments and optimize your strategy as needed.

    Facet Wealth fees and costs

    Facet Wealth doesn’t offer much insight on its fees. It does say that prices range from $1,800 to $6,000 per year, but this is a fairly large range.

    The good news is that Facet’s pricing model is based on flat fees rather than commissions or a percentage of your assets under management (AUM). You simply pay a fee based on how complex your investment situation is, and there shouldn’t be any surprise costs.

    This arrangement can appeal to a variety of investors. If you have a large account, Facet’s fees may be smaller than your AUM fee at another firm. On the other hand, this model also lets Facet avoid account minimums, which benefits beginning investors. Because Facet’s CFPs do not work on a commission, they also have fewer possible conflicts of interest.

    Facet Wealth FAQ

    Who founded Facet Wealth?

    Facet Wealth was founded by Anders Jones (now CEO), Patrick McKenna (now Executive Chairman) and Brent Weiss (now Chief Evangelist) in 2016.

    How do you sign up for Facet?

    You must first schedule a consultation with Facet on its website. From there, you will work directly with a CFP to figure out what investment strategy is right for you.

    Does Facet Wealth have an app?

    No. Customers must use its website to access their investments.

    Is Facet Wealth legit?

    Yes, Facet Wealth is a good option if you’re fine working with an advisor online. Its business model provides benefits for a wide variety of investors and gives smaller investors access to services that usually require an account minimum. Exact numbers on its pricing aren’t available, though, so consider booking a free consultation to see what Facet can offer you.

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    Facet Wealth Company Information

    Company Name:
    Facet Wealth