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Get Paired With a Devoted Monetary Planner

Get Paired With a Devoted Monetary Planner


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Most life selections embrace a monetary side, which suggests you would possibly want a monetary planner in your nook sooner or later. In case you’re not comfy navigating investing and large monetary selections by yourself, Side Wealth can give you steering. Side Wealth goals that will help you put money into each aspect of your life, no matter your circumstances, belongings, or portfolio dimension.

Established in 2016, the corporate believes monetary planning must be accessible to everybody and supplies unbiased digital monetary planning from a group of greater than 100 licensed monetary planners (CFPs). CFPs have a fiduciary obligation to behave of their purchasers’ greatest pursuits.

Commissions & Charges – 7

Buyer Service – 9

Ease of Use – 9

Instruments & Assets – 9

Funding Choices – 10

Account Choices – 8


Side Wealth connects you with a CFP® skilled who will put your greatest pursuits above their very own and meet with you nearly at your comfort. Get assist with every little thing from retirement planning, to asset administration, to training planning, and extra.

Get Began With Side Wealth

Side Execs & Cons


  • No minimal account dimension
  • Free preliminary session
  • Private advisor to assist along with your present and future plans
  • One mounted payment primarily based in your wants
  • Skilled advisors with the very best certification
  • One platform with every little thing it’s essential to navigate your funds
  • 4 digital conferences a yr at your comfort through telephone or video convention
  • No beginning charges or cancellation charges
  • Out there in all 50 states, plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands


  • No in-person conferences – on-line solely
  • As a result of the payment varies primarily based in your circumstances, it is tough for purchasers to estimate value upfront
  • Could also be costly for these with smaller portfolios
  • Particular dealer accounts required

Who Is Side Wealth For?

Facet WealthSide Wealth is greatest for individuals who want monetary recommendation however do not need to pay excessive charges. Conventional monetary advisors typically cost a administration payment of 1% (or greater) primarily based in your belongings. Side Wealth costs a flat price with no shock charges.

In case you choose a no-commission system, Side Wealth could also be excellent for you. Conventional advisors could add charges for suggesting companies and merchandise and buying and selling securities. Side Wealth supplies recommendation inside your plan with out commissions.

Side Wealth will not be for everybody. Newbie traders could not must pay for years of recommendation or particular companies. Small traders could also be higher served by low-cost robo-advisor companies that present funding administration on small account balances. Nonetheless, Side Wealth could be a main useful resource as soon as your belongings have grown and extra steering is required.

One other group that won’t want Side Wealth are self-directed/do-it-yourself traders and monetary planners, who could not require paid recommendation for managing their investments and different funds.

Learn extra >>> Greatest Robo-Advisors for 2022

How Does Side Wealth Work?

You begin by filling out the schedule request for a digital session on the Side Wealth web site. The session could final round half-hour through video or telephone name. As soon as signed up, Side will ship you a packet describing how Side Wealth works, the rules, and what they’ve to supply primarily based in your monetary scenario and preferences.

You will additionally fill out a questionnaire which covers data resembling your loved ones, present funds, and future monetary targets. This data might be displayed in your dashboard to help in protecting all of your data in a single location.

Primarily based in your session, a CFP will contact you to debate your monetary scenario and future targets and expectations. That is the place the extent of service you want might be decided. Your CFP will create a “monetary blueprint” exhibiting your prompt private monetary plan and future targets.

There might be a number of conferences along with your CFP for the primary few months to make sure that your investments are arrange appropriately. As soon as settled, you may have entry to your CFP everytime you want them, or at the least each six months, for a briefing. Critiques by your CFP could happen extra ceaselessly in case your targets change or the situation of the market adjustments.

Remember the fact that your plan could solely enable for a sure degree of data. If in case you have questions that transcend your service degree, you’ll want to alter your plan.

Side Wealth will use your chosen danger ranges (aggressive, reasonably aggressive, average, conservative) to find out your portfolio. Low-cost mutual funds and trade traded funds (ETFs) would be the major investments. Nonetheless, it’s possible you’ll be allowed to make use of particular person shares and bonds with discretion.

Learn extra >>> The best way to Decide Your Threat Tolerance

What Makes Side Wealth Nice?

Listed below are a number of of the explanation why you would possibly need to take into account signing up for Side Wealth:

Complete Funding Administration

Like most funding advisories, Side Wealth supplies direct administration for taxable brokerage accounts and particular person retirement plans. These embrace conventional and Roth IRAs, SEP and SIMPLE IRAs, and solo 401(ok) plans.

And whereas they don’t present direct administration of employer-sponsored retirement plans, like 401(ok) and 403(b) plans, they provide funding suggestions. You possibly can act on these suggestions inside your employer plan to combine them along with your general funding plan higher.

As well as, taxable funding accounts mechanically embrace tax-loss harvesting to reduce the tax legal responsibility generated by funding actions.

Learn extra >>> Which Retirement Account Is Greatest? A Comparability of Plans

Advisor {Qualifications}

All Side Wealth advisors are licensed, monetary planners. Whereas it is a frequent requirement at many monetary advisory companies, there are additionally many corporations whose workers primarily goal to promote firm merchandise.

Side Wealth advisors act as fiduciaries. This is a vital distinction with any funding service you need to use. A fiduciary is legally sure to work within the shopper’s greatest pursuits and never their very own or their employer’s.

Fiduciary standing means the advisor cannot favor merchandise supplied by the employer or make trades to generate extra payment earnings.

Flat charges

A serious promoting level of Side Wealth is that they provide flat charges. A flat payment is the most affordable possibility for a lot of shoppers. Not like customary charges primarily based in your asset stability or the fee your advisor earns, you’re solely paying a payment primarily based on the help you want on your funding administration and repair degree.

Your payment will is set as soon as your CFP determines which degree is required on your monetary scenario. As your investments develop, you received’t have to fret about rising or hidden charges except you add extra companies.

Useful Dashboard To See All Your Funds in One Place

Gaining access to all of your funds in a single place makes all of the distinction. Side Wealth supplies your monetary blueprint and hyperlinks to your monetary accounts on one platform. That is particularly useful to these with a number of accounts with numerous platforms and suppliers. The dashboard makes it some extent to point out achievements like assembly emergency fund targets, financial savings price, and credit score rating to present you a greater understanding of your monetary profile.

Tailor-made Planning

Whereas some corporations could provide robo-advisor companies solely, Side Wealth supplies every shopper with their very own monetary advisor. Whereas it’s essential to develop your investments and canopy your long-term targets, Side Wealth additionally focuses on short-term targets.

For instance, should you’re planning to purchase a home quickly or wish to repay your debt, your advisor can present a technique to maneuver your cash towards assembly your targets in much less time.

Some companies that Side Wealth supplies embrace:

  • Asset administration
  • Retirement planning
  • Earnings tax planning
  • Life planning
  • Inventory possibility plans
  • Debt administration and discount
  • Schooling planning
  • Legacy planning
  • Retirement earnings
  • Property planning
  • Insurance coverage planning
  • Account administration for taxable brokerage accounts and self-directed retirement plans, together with conventional, Roth, rollover, SEP and SIMPLE IRAs, in addition to solo 401(ok) plans
  • Administration help with employer-sponsored plans, like 401(ok) and 403(b) plans

What Are Side’s Drawbacks?

No Face-to-Face Contact

Though Side Wealth provides human CFPs, it doesn’t present in-person help. Nonetheless, video chat and telephone calls could also be sufficient. However should you choose talking with somebody to go over your funds in individual at any given second, there could also be higher choices than Side Wealth.

Restricted Funding Accounts

Your cash have to be held at sure brokers solely. As a way to handle your investments by Side Wealth, your portfolio have to be at both Constancy, Apex, Schwab, or TD Ameritrade. In case you don’t have already got a portfolio by a type of brokers, you’ll must switch your present accounts to one in every of these 4 platforms.

 Flat Charges May Be Proportionally Extra Costly for Smaller Accounts

For essentially the most half, flat charges are a promoting level of Side Wealth, particularly for somebody with many belongings. Most corporations cost primarily based on belongings underneath administration, making a flat payment the higher possibility. Nonetheless, when you’ve got fewer belongings, it’s possible you’ll pay a better payment on a share foundation.

For instance, a robo-advisor would possibly cost 0.25% yearly or $375 on a $150,000 portfolio. Since even the bottom Side Wealth subscription payment is $2,000 yearly, it can quantity to 1.33% on a share foundation.

It is Laborious to Decide Future Prices

Side Wealth provides seven ranges of service. Your degree of service is taken into account a subscription and might be billed to you month-to-month, quarterly, or yearly upfront.

Since charges are primarily based on the extent of service, determining precisely how a lot you may be paying may be difficult to find out upfront. Not figuring out how a lot cash they will should pay for one thing sooner or later can deter folks from shifting ahead.

The price of Side Wealth’s companies depends upon the companies it’s possible you’ll want. Charges can vary from $2,000 per yr to $6,000 per yr. Sadly, the corporate doesn’t present a broadcast itemized record of the payment construction for every of the seven service ranges.

The best way to Contact Side Wealth

All purchasers can have a direct line of contact with their CFP.

  • Session: https://facetwealth.com/get-started/ or by calling 1-888-321-5909.
  • Customer support: assist@facetwealth.com or name (443) 376-6222 between 8:00 am and 9:00 pm Japanese.
  • Shoppers also can schedule telephone and video assist.

Greatest Alternate options To Side Wealth

If Side Wealth isn’t the best monetary advisory for you, listed here are a number of options to think about.


Betterment is an automatic on-line funding service you would possibly need to take into account in case you are solely fascinated about funding administration. There’s no minimal stability required to take part, and it supplies complete funding administration at an annual payment of simply 0.25% of your portfolio worth.

Betterment supplies entry to a group of licensed monetary planners by its Betterment Premium service. Not solely does it present direct administration of particular person retirement accounts and taxable funding accounts, nevertheless it additionally supplies recommendation for employer-sponsored retirement plans. Property planning companies are additionally accessible. Premium requires a minimal portfolio dimension of $100,000 and comes with an annual administration payment of 0.40%.

Learn extra >>> Betterment Overview 2022

Vanguard Digital Advisor and Private Advisor plans

Vanguard isn’t simply the world’s largest supplier of mutual funds – and the second-largest supplier of ETFs – it additionally supplies dealer companies and two completely different advisory companies.

Very similar to Betterment, Vanguard Digital Advisor is a robo-advisor centered on offering direct administration of your investments. That features taxable funding accounts and IRAs, although they will even present steering – however not direct administration – of employer-sponsored retirement plans. The service requires a minimal funding of $3,000. And although there isn’t a annual administration payment, funding bills common roughly 0.15% of belongings underneath administration.

However if you’d like a extra hands-on degree of wealth administration, Vanguard provides its Private Advisor plan. It supplies a mixture of robo-advisor administration with human oversight. That features limitless entry to human, monetary advisors. They’ll handle your taxable funding account and IRAs and supply recommendation on employer-sponsored retirement plans. Private Advisor requires a minimal of $50,000, with an annual administration payment of 0.30%.

Private Capital

This digital cash administration platform summarizes your spending, targets, and investments in a single place. The corporate additionally supplies paid entry to monetary advisors to handle your belongings underneath their Wealth Administration program. There may be an annual administration payment of 0.89% of belongings underneath administration, and you should have a minimal of $100,000 in your portfolio to take part.

Learn extra >>> Private Capital Overview 2022

The Backside Line

In case you assume your funds might use some assist, you may schedule a free session with an advisor at Side Wealth. A free session will help you have your funds analyzed to find out if Side Wealth is the best selection for you. Arrange the session, see what they give you, and determine if it’s the best way you need to go.

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