Ric Edelman Reviews
Ric Edelman, of Edelman Financial, is a best selling author, renowned radio host, and acclaimed financial advisor. He has consistently been recognized as one of America's leading advisors and has a large following of fans both on radio and television.
Currently his books on investing and managing personal finance include: Ordinary People, Extraordinary Wealth; The New Rules of Money; Discover the Wealth Within You; What You Need to Do Now; The Truth About Money, and The Lies About Money. These have been translated into different languages and have regularly appeared on best seller lists.
His books have received some mixed reviews, but with the majority being very favorable. It's tough to please everyone with a financial planning book, especially one written for the mass public, since many savvy investors favor their own methods and systems.
Ric Edelman's radio talk show allows guests to call in and receive free financial advice. The show has been running for over 15 years and has earned Ric several awards. He also has a nationally syndicated newspaper column and his own personal newsletter.
On his website Ric offers a number of free resources and lots of practical advice that people can use to start addressing their financial needs. You can find information on everything from debt elimination to estate planning. You can also listen to past podcasts of Ric's radio show for no charge.
Overall, Ric Edelman is known for providing sound financial advice and is an avid proponent of big picture planning and investing, which for him is the foundation of any financial plan.
If you have any experience with SRic Edelman or Edelman Financial, please leave your reviews below.
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Ric Edelman Customer Reviews
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Scheduled a financial planning session. No one called me at the appointed time. Ten minutes after my scheduled appointment time, I ended up having to call them to find out what's up. The receptionist said they were running behind and would call me in 10 min. Strike one!
Never keep your customer waiting. If you are not going to be able to keep your appointment time, then have your assistant contact the customer to let them know. The customer should Never be in a position where they have to call to find out what is going on. They didn't actually get around to calling me until 30 minutes after my scheduled appointment time.
Strike two! We scheduled a follow-up meeting to review my financial plan once they finished their analysis. They called a few days later and said they needed to reschedule because their office is closed that day. Seriously?? You don't even know what days your office is closed?
Strike three! They called an hour before my rescheduled appointment time and said they needed to reschedule again because they were having computer problems. My time is precious. I don't have time to be wasting on theatre like this. I will work with someone who actually cares about me.
Don't waste your time with them!
The most important thing to EFS... FEES!
Lot of questions
I agree. I just saw him on WLIW and wondered where the hell he got his Ph.D. in biomedical sciences from. I have such a doctorate and I can promise you that your health outlook is nowhere near that rosy. Physical illness and aging are different for everyone. Time takes its toll on each of us in different ways. People get sick at different times. Some people are vital into their nineties, others not so much. The notion that we are going to be productive beyond 100 years of age given our current technology is ridiculous. And btw, experiments done in MICE are not generally applicable to humans for DECADES if ever. Yet he sites mouse studies in longevity as proof that we are about to conquer aging. Since the life cycle of a mouse is about 3 years compared to nearly 80 in a human, this is quite a leap.
I heard his this weekend and I believe that Ric Edelman is a religious Democrat whose job is now trying to spread panic, doom and gloom in the voting public.
Scam of a company
PLEASE NOTE: I have settled all my issues with Edelman and want to revert my latest claims. I have dealt with John McCoy as a professional contractor and though we have had some disputes, they are now resolved. I do not wish my previous claims to seem as if John sold my investments [he does not sell securities], rather I meant to say we had a disagreement which lead to me losing commissions at my job. I have contacted the website and asked for removal of previous comment.
Sorry, Mr. Atia. The bottom line is that EFS is a major ripoff, and it's sad to read all these bad ratings on them (as well as on other sites). You all should have gone to Charles Schwab. I've been with them 25 years. I have five accounts there and pay basically NOTHING in fees.
I'm tired of being a sucker, , ,
I agree. Probably a competitor trying to stir up trouble.
nope sally wood is right. rics nrw program is boring and his wife with her letters is a bust..i turn the radio off when she comes on..this new show is a flop
I agree,,,this edleman charges a high fee to invest your money in funds you can do yourself,, use bob brinker.com for one hundred eightfive bucks you can get his yealy newsletter and do it yourself,, I have made nothing but dough,,, never give anyone your dough
What Ric says about mortgage makes sense. Lets say you paid off your mortgage. You have lots of equity. You lose your job so you need access to the equity. Apply for a mortgage when you have no job? Good Luck. His point is to have liquid assets. Home equity is not always liquid. Many are house rich cash poor. That is the heart of his mortgage advice.
yep this edleman is a salesman ,,, and nnevr pay anyone to jnvest your dough,, learn yourself ,, and if you don't have the time,,, try bob brinker and put it in a vanguard total stock market index etc,,, learn the rules and get off your back end and save and invest your money
you work for Vanguard?
Well diversified up 25% since late 2011 with Edelman
Frank do you work for Edelman?
I have a very large amount of money with Rick and we have been up from 18% to 25 % in our different accounts......This in over the last 18 months.....Accounts took a hit March 2020 but rebounded and took off even more.....Fees are up front and they make money if you make money....we both made money. Remember if you did not make a large % it's because your risk tolerance is low, mine was moderate and we made money!!
yeah valuable and expensive ,,, sucker ,, learn to invest your own dough
What year did you move the money to Ric Edelman?
We are on the fence. With reward comes risk...I understand that. The fee structure Edelman charges is what it is....but I believe that one would have to see three times what they were reasonably earning with their own efforts in order to justify and absorb such lofty fees. Example: If I am paying 6K in fees to Edelman every year that is approx. $120k in 20 years just in fees...I'd want to see 240k MORE than I was already seeing at the end of that 20 years to justify that outlay. And at the time of retirement..it's too late to say "whoops" I guess going with them really was just in their favor mostly! They do not boast excellent returns, they are on the side of growing and retain ing the most they can of what you give them to work with. Tis a roll of the dice and a healthy retirement nestegg lay in the balance.
Why, if their method is so great , if constant re-balancing is the "way to go" then why don't they offer views of like kind investments for prospective clients to view. Who has done well by them? Where are you? How much did you plunk down and say to them " here...grow this into a healthy retirement" And what is it's balance now? Be honest....Many of us out here are jobless and our retirement and the quality of that retirement rests on good intel. Well..I'll be waiting!
you are an idiot,, you looked for the lazy way out and went with edleman,,, and he took your dough,, go to www.bob brinker.com and learn to invest your dough,,, like playing golf,, learn the rules before you play,, what an idiot to give this clown your hard earned dough,, wake up and smell the roses ,, sucker
@ sally wood....Have a vendetta? Jodi Arias anyone?
We gave Rich $200,000 to invest to test him out. They were up front about fees and they are based on balances. My 200K seed money made about 18.5% We then added an additional $75K to the account.....base investment is $275K my balance now is $335,764.70 over $60,000 Net earnings after fees do the math! MODERATE RISK Strategy.....We have since moved more money to Rich in excess of $500K Total.
It is unfortunate for David M. that he opened his account with Edelman the year the market peaked. The following year the S&P dropped 38 percent. At a loss of 6%, it is still better than the S&P that is down 9%. David should look at the market numbers then and now before he points the finger at Edelman. I joined Edelman financial in April 2008 and I am up 7%. had I joined the following year, I would have gained more than 20%. When you invest for the long term, you need to be patient and not jump to conclusions because doing so gives false impressions to those reading these reviews.
No, I don't work for Edelman, just being objective having the facts.
and you are probably a shill for edleman
oh, but your NOT one for Brinker (hypocrite)
Heck I have been with Edward Jones 5 years with an avg return over 20% and LPL for 10 year with an avg return of just under 20%..... Think I will stick with them
you didn't do your homework,,, took the easy way out,,, never pay ,, do it yourself and study,,, get it,,,???? sucker
So, Sally, my dear, just wondering who will manage your money when you're sick or disabled? Oops, guess You're the "sucker" on that one.
Oh, and one more thing, just what exactly will you do when good old Bob kicks the bucket? He's getting up there. Just askin, since you seem to have all the answers. But I'm sure you'll have a "cute" response to this as well
Good luck doin it on your own.
not ric edelman and his horrible new show and his boring wife..we want to hear about financial not much medical which we get all day long on tv..your new show
made a fortune on his advice sir
your got that right son,,, he is a salesman,, learn your trade and if you need scottrade or invest direct in the company,,, like vanguard total stock market index,,, you are a sucker and lazy at learning your money trade,, wake up and smell the roses ,,, sucker ,, sucker born everyday
Boy, you're on a roll Sally (if that's even your real name). Its not even worth responding to you any more.
Have fun bashing Edelman (meanwhile he'll go on helping thousands of people - oh and last I checked his firm now manages close to $11Billion and ranked #1 3 times by Barrons. But I guess your're smarter than everyone else (including Barrons - good luck with that!
try bob brinker.com or suzy orman,,, learn your trade,,, sucker
Suzy Orman- Really Sally!!?? (or should I call you Jim or Frank)
Good luck with that one.
I have read all his books, starting with the original Truth About Money, and have generally followed his advice. His approach to money management mirrors what I learned in business school, and I have been very happy with the results (I'm retired now). What he says basically is that you need to know what your financial goals are, then design your savings/investment plan to achieve the goal or goals. If you have no goals, then you might as well spend everything as you earn it, although at minimum everyone should have the goal to save for emergencies or job loss, don't you think?
When the Lies About Money came out, I saw him address a small crowd at a book signing, and he told the crowd that nothing that he and his firm does is anything that could not be done on your own - it's just that people don't do it or they put it off. He said it's not "rocket surgery" and just takes some self-education.
I saw him recently at a small private gathering where the topic was limited to investing and planning for retirement, and during the Q & A he said a version of the same thing - that his firm is like a lawn service. You can mow your own lawn (and fertilize, and seed, and trim, etc., etc.) but what you pay for is making sure that everything gets done on time, at the right time, and with the right investment mix to achieve the planned for goal.
His website suggests an appropriate mix of investments, given goals and individual risk tolerance. This is totally free (they ask your name and email, then send you ONE follow-up email - nothing heavy-handed). I did this to get the right mix for me, then used a combination of investments to create that mix on my own. The key to everything is to re-balance when the mix is out of whack, and to periodically revisit your goals, to make sure the mix is the right one. Even his books I read from the library for free. I have paid him nothing (other than compliments) and have benefited from his planning advice, and have made money even through the recession. His approach, which is the same one I learned in school, always works, unless the earth is invaded by aliens or something.
so do it on your own and don't pay him a dime,,, you are a consumer and a sucker
Seems like he educated himself, as you suggested, and it is working for him. He is not paying for the advice or info that he has acquired and is utilizing to guide his investing. So how is he a sucker then?? I am confused. Is it because he isn't doing it exactly your way?
Count your blessings that you were ignored. Rick Edelman is a smooth-talking scam artist. He made his millions peddling Ric-E Trusts, charging exorbitant fees for "asset rebalancing" every quarter on top of annual fees.
Fifteen years after my grandmother invested $5,000 in one for me, it was worth.... $7,200. Slow clap, Edelman.
Good luck to anyone trying to pry that money away, by the way. Google Ric-E Trust to find out for yourselves. My advice: stay away from Edelman.