5 Best Wealth Management Services

HB Wealth

Rating: 5.0
Read review on NerdWallet
Fees: 0.50% to 1.25%
Account minimum: $1,000,000
Overview: Among the wealth advisors reviewed by NerdWallet, HB Wealth gets the highest ratings for transparency, advisor expertise and accessibility, scope of advice, and portfolio construction. If you have the requisite $1 million in assets under management to work with HB Wealth, you’ll get high-touch service from a dedicated advisory team and a deep bench of specialists, plus investment options tailored to high-net-worth clients.

What I like about HB Wealth

• Fee-only firm: Fee-only advisors are paid by you and don’t receive commissions for selling certain investment or insurance products. HB Wealth is one of the few traditional financial advisors we reviewed that meets this definition — and the only one included in this roundup of wealth advisors.
• Advisor access: Clients work with a three- to four-person dedicated advisory team consisting of advisors and support staff. You have unlimited access to your advisor, typically a certified financial planner (CFP) or chartered financial analyst (CFA).

Where HB Wealth falls short

• Account minimum: HB Wealth’s $1 million minimum is the highest among the advisors we reviewed.
• No tax prep: HB Wealth has a strong handle on tax strategy for high-net-worth clients but doesn’t prepare or file taxes.

Range

Rating: 4.8
Read review on NerdWallet
Fees: $3,950 to $12,500 per year
Account minimum: $0
Overview: Range is the only wealth advisor on our list that offers flat-fee pricing. It does not impose a client minimum.

Why Range stands out

• Transparent pricing: Range lists all service levels on their website, making it easy to see what you’ll pay and what you’ll get.
• Tax filing included: Range includes tax filing as part of its all-in-one annual fee.

Ellevest

Rating: 5.0
Read review on NerdWallet
Fees: 0.35% - 1.25%
Account minimum: $500,000
Overview: Ellevest’s wealth management services focus on the unique needs of high-net-worth women.

What I like about Ellevest

• Values-based investment options: Ellevest portfolios are constructed using stocks, bonds, and alternatives that align with a client’s values without compromising returns.

Where Ellevest falls short

• Lacks tax planning specialists: Ellevest uses strategies to help reduce taxes but doesn’t have in-house tax experts.

Wealth Enhancement

Rating: 4.9
Read review on NerdWallet
Fees: 0.6% to 1.5%
Account minimum: $25,000
Overview: Wealth Enhancement matches new clients with one of its 600-plus advisors, depending on goals and stage of life.

What I like about Wealth Enhancement

• Collaborative take on financial planning: Clients work with their primary advisor supported by a centralized group of specialists covering every aspect of financial planning.

Good to know about Wealth Enhancement

• Fees could be calculated in multiple ways: The firm recommends that advisors use a tiered fee schedule, but advisors may use a flat-rate AUM fee schedule in some circumstances.

Mariner

Rating: 4.8
Read review on NerdWallet
Fees: 0.60% - 1.25%
Account minimum: $0 (but charges minimum fee of $1,875 quarterly)
Overview: Mariner is a national firm offering highly customized portfolios and comprehensive financial planning services.

What stands out about Mariner

• Broad national presence: With offices in 42 states, Mariner is a good choice for those wanting an in-person relationship with their wealth advisor.

Good to know about Mariner

• High minimum fees: Mariner charges a minimum fee of $1,875 quarterly.
• Conflict disclosures: Mariner discloses several compensation arrangements in its Form ADV.