6 Best Wealth Advisors of August 2022
Wealth advisors offer full-service financial advice and management, covering everything from estate planning to tax minimization.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
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.
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
| Broker | NerdWallet rating | Fees | Account minimum | Promotion | Learn more |
|---|---|---|---|---|---|
 Facet Wealth Learn more on Facet Wealth's website | $1,800 and up per year (free initial consultation) | $0 | Get 2 free months off your first year of financial planning.* | Learn more on Facet Wealth's website | |
 Zoe Financial Learn more on Zoe Financial's website | Varies by advisor | $100,000 | None no promotion available at this time | Learn more on Zoe Financial's website | |
 Harness Wealth Learn more on Harness Wealth's website | Up to 1% per year | $250,000 | $250 off one year of financial or tax planning | Learn more on Harness Wealth's website | |
 Personal Capital Learn more on Personal Capital's website | 0.49%- management fee | $100,000 | Get 6 months of free wealth management for new clients. Must fund above $250,000 within 30 days of account opening. Terms Apply. | Learn more on Personal Capital's website | |
 Betterment Premium Learn more on Betterment's website | 0.40% management fee | $100,000 | Up to 1 year of free management with a qualifying deposit | Learn more on Betterment's website | |
 Schwab Intelligent Portfolios Premium™ | $30 monthly | $25,000 | None no promotion available at this time | Read review |
on Facet Wealth's website
Facet Wealth
Fees
$1,800 and upper year (free initial consultation)
Account minimum
$0Promotion
Get 2 free monthsoff your first year of financial planning.*
on Facet Wealth's website
on Zoe Financial's website
Zoe Financial
Fees
Varies by advisorAccount minimum
$100,000Promotion
Noneno promotion available at this time
on Zoe Financial's website
on Harness Wealth's website
Harness Wealth
Fees
Up to 1%per year
Account minimum
$250,000Promotion
$250 offone year of financial or tax planning
on Harness Wealth's website
on Personal Capital's website
Personal Capital
Fees
0.49%-management fee
Account minimum
$100,000Promotion
Get 6 monthsof free wealth management for new clients. Must fund above $250,000 within 30 days of account opening. Terms Apply.
on Personal Capital's website
on Betterment's website
Betterment Premium
Fees
0.40%management fee
Account minimum
$100,000Promotion
Up to 1 yearof free management with a qualifying deposit
on Betterment's website
Want to compare more options? Here are our other top picks:
Last updated on August 1, 2022
You may also like these
People often identify opening a savings account as their next money move.
Varo Savings Account
APY
With $1.25 min. balance for APY
at Varo Bank, Member FDIC
Capital One 360 Performance Savings™
APY
With $0 min. balance for APY
at Capital One, Member FDIC
Discover Bank Online Savings
APY
With $0 min. balance for APY
Bonus
Requirements to qualify
at Discover 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...
