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Fairfax, VA

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WashingtonFirst Mortgage

5.0 (1 review)
Open • 8:00 am - 5:00 pm

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11 years ago

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Edelman Financial Engines

Edelman Financial Engines

(56 reviews)

So My wife and I moved our IRA and brokerage accounts to Edelman 2011. We also had an issue with…read morea trust account with Wells Fargo for which great advice was offered. We went with them based on positive influence from Ric Edelman's radio show. He gives solid make sense advice. If you are looking to maximize your returns and match or beat the S&P 500 Edelman is not for you. Investing is NOT about maximizing returns it is about managing the risk. All investments have risks. If you go S&P 500 all in you are making a big mistake. Edelman invests in all sectors (banking, energy, manufacturing, natural resources etc), and maintains a balanced portfolio. So normally not all sectors collapse the same in a bear market. A diversified portfolio is the best way to maintain and protect your investment. Some complain such as they Edelman told them I need 2 million. Well that would be based on your spending patterns and how you want to live in retirement. Edelman will not lie to you they will give you a plan to reach your goal. It is up to you to lower your expectations or save more, or you may find you are on target. One thing I really like is that after your Adviser and you determine your needs and goals and give you a plan how your assets will be invested without regard to emotions including that of your adviser. Don't fool yourself into thinking that that does not matter. If your adviser is having a bad time in their personal life that can affect their outlook and the way they invest for you. That cannot happen at Edelman. Let them explain how. Believe me. Fees are reasonable and you may find lower fees elsewhere but know this. They make nothing by buying and selling your assets, Their fee is solely based on the value of your portfolio. No kickbacks from investments and no commissions. One review said something bad about a Trust with Edelman. They do not act as Trustees for trusts. For us with our Trust Issue with the terrible Wells Fargo they recommended an independent trust company. The Independent Trust company does the trust work such as taxes and distributions. Edelman does the investing. Worked out Excellent for us. Both charge fees so I could do it elsewhere with one overall lower fee but it works great and adding that Trust to our regular portfolio lowers the fees overall because of the increased value of the totality of the investments.

My company offerers EFE as a 401K rebalancing and management option through Fidelity. Many large…read morecorporations offer this option with the company. That is how they built their core business for the past decades I believe. As an example for the past 24 months my 401K is up 27%. I'm completely hands off. I haven't even seen my statements for the past few years - until recently - and I was pleasantly surprised. It's interesting to see all the negativity in this review section.

WashingtonFirst Mortgage - mortgagelenders - Updated October 2026

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