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Futureadvisor Recommendations
Old 11-27-2013, 08:23 AM   #1
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Futureadvisor Recommendations

Has anyone used FutureAdvisor? ( )

It looks like a good service for those of you who like to stick to a AA plan with funds. It has a free service that advises trades to make. It also has a pay service that will automatically balance your portfolio (actually making the trades when possible.)

It connects directly to your brokerage accounts to see your current holdings. Then compares it to their AA plan based on your situation.

It is suppose to look at Performance, Diversification, Fee Efficiency and Tax Efficiency.

After a few hiccups connecting to my accounts, it was able to give me an action plan. I've been very lax following an AA plan, instead making investments based on cash on hand and what looked good at the time. I know, smack me, but it's worked out pretty well so far.. .though I am ready for a re-balance.. and a more passive plan going forward.

Even so, I'm really not liking some of the trades it's suggesting, so I can't recommend the service out right... However, I do wish some others would try it and give their opinion on it.

.. I'll add that the allocations seem to be set up for pre-retirement planning... and not early retirement. Based on my settings of retiring now, and having moderate risk, it wants to split me 46% stock 54% bonds...

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Old 11-27-2013, 10:54 AM   #2
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I looked at their FAQ and found this:
Can I override your investment decisions?

Usually not, though we do allow clients to "lock" individual stock holdings they want to keep provided they're a relatively small portion of the overall portfolio. As your investment advisor we take responsibility for the overall suitability of your portfolio, and as such we're unable to make adjustments to suit each investor's take on the market.
I can't imagine getting involved with something like that.

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Old 11-27-2013, 11:31 AM   #3
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Originally Posted by braumeister View Post
I can't imagine getting involved with something like that.

No way in Hell thanks.
Numbers is hard

Although rare, it is possible to read something on this forum you don't agree with and simply move on with your life

Retired in 2005 at age 58, no pension
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Old 11-27-2013, 11:33 AM   #4
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It may be a good business idea but given the attrition rate of startups, would you want to entrust your investments to a firm that might not be around in a year or two? ISTM that this offers no advantage and more risk compared to low cost index funds.
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Old 11-27-2013, 11:44 AM   #5
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Well, you can still use low cost index funds. This just recommends how to balance them. (for free)

You don't have to do anything they recommend.
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Old 11-28-2013, 09:15 AM   #6
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I am giving this a try. I have not set up an unbiased way to compare their performance. I have some other investments so I will compare it against those and let my gut decide. If I remember or am reminded, I will provide a point of view in the future (no less then 3 and perhaps 12 months)

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