BEST OF

6 Best Wealth Advisors of December 2022

Wealth advisors offer full-service financial advice and management, covering everything from estate planning to tax minimization.

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Wealth advisors are a type of financial advisor who work with high-net-worth clients and offer holistic financial planning. This often includes services such as estate planning, tax minimization and legal guidance, in addition to investment management.

Because of the comprehensive guidance they provide, wealth advisors often require a minimum investment of several hundred thousand dollars or more. However, unlike in previous generations, many of the advisors below operate primarily online — in most cases, you'll meet with the advisor virtually, though some connect you to local options — and offer lower minimums.

Considering this, our list of the best wealth advisors includes: Zoe Financial, Harness Wealth, Facet Wealth, Personal Capital, Betterment and Charles Schwab. See below for more details about each.

And just a note: the title “wealth advisor,” like many other types of financial advisors, is just a label; an advisor who calls themself a wealth advisor requires no education or certification, so be sure to verify a financial advisor's credentials before signing on to work with them.

Best Wealth Advisors

NerdWallet rating 

5.0

/5
Facet Wealth
Learn more

on Facet Wealth's website

AD

Paid non-client promotion

Fees

$2,000 and up

per year (free initial consultation)

Account minimum

$0

Promotion

Get 2 free months

off your first year of financial planning.*

NerdWallet rating 

5.0

/5
Zoe Financial
Learn more

on Zoe Financial's website

AD

Paid non-client promotion

Fees

Varies by advisor

Account minimum

$100,000

Promotion

None

no promotion available at this time

NerdWallet rating 

5.0

/5
Harness Wealth
Learn more

on Harness Wealth's website

AD

Paid non-client promotion

Fees

Up to 1%

per year

Account minimum

$250,000

Promotion

$250 off

one year of financial or tax planning

NerdWallet rating 

4.7

/5
Personal Capital
Learn more

on Personal Capital's website

AD

Paid non-client promotion

Fees

0.49%-0.89%

management fee

Account minimum

$100,000

Promotion

Get 6 months

of free wealth management for new clients. Must fund above $250,000 within 30 days of account opening. Terms Apply.

NerdWallet rating 

4.1

/5
Betterment Premium
Learn more

on Betterment's website

AD

Paid non-client promotion

Fees

0.40%

management fee

Account minimum

$100,000

Promotion

Up to 1 year

of free management for new clients. Terms apply.

Want to compare more options? Here are our other top picks:

Last updated on November 1, 2022

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People often identify opening a savings account as their next money move.

Varo Savings Account

5.0

NerdWallet rating 
Varo Savings Account

APY

5.00%

With $0.01 min. balance for APY

at Varo Bank, Member FDIC

SoFi Checking and Savings

5.0

NerdWallet rating 
SoFi Checking and Savings

APY

3.25%

With $0 min. balance for APY

Bonus

$250

Earn up to $250 with direct deposit. Terms apply.

at SoFi, Member FDIC

LendingClub High-Yield Savings

4.5

NerdWallet rating 
LendingClub High-Yield Savings

APY

3.25%

With $0 min. balance for APY

at LendingClub Bank, Member FDIC

Methodology

NerdWallet’s comprehensive review process evaluates and ranks companies that provide financial planning services online or connect users to a financial advisor. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

For more details about the categories considered when rating financial advisors and our process, read our full methodology.

To recap our selections...

NerdWallet's Best Wealth Advisors of December 2022