Ric Edelman Reviews

Shyster said to buy crypto over the last 6 months...the only happy thing I have done was not listen to this clown...it's down 76%

I listened to Ric on the radio now and then and seemed to be very slick talker with a mix of BS. On his so-called new show he has now descended to be a bitcoin pimp and graduated to Shyster-in-Chief. Today's show (5/21/22) he was outraged because there is talk by the FEC on required education for investors of some type of investments. I know Ric, an educated investor is your greatest fear.

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!

With EFS for 18 months. The management fees were roughly $7300 dollars. Meanwhile I'm working on a hefty 3.8% growth of my IRA. Don't give these people your money. They do nothing for it. Your money goes in their eMAP program and for your advisor it's "set it and collect it". They say they'll do a financial plan for $800. Shouldn't that be free. Also, if they know you have other investments, all they talk about is how you should roll that into eMAP so you have it all under their control. Move on. Even the guy from a big insurance company had a better management fee

I just finished sitting through his TV program and its nothing but hopeful suppositions and vague optimistic assumptions. We wont need nursing home care, because by the time most of us are 65 medical science will have cured all our ills?? We will all feel better at 95 then we do at 50?? Really?? Where is all this money that were going to need to raise our kids, volunteer overseas and buy the dream house? Boy this guy makes a lot of leaps.

This firm doesn't even deserve a one star. My father had a account that was set up as a trust and wanted to transferred it to another firm. They screwed up so bad on the transfer, that he ended up getting a check with taxes already taken out if. Rick Edelman firm agreed they screwed up but declined to make it right. Don't even think of putting a penny of your money with these guys. RUN now while you have the chance.

Dealt with John McCoy of Edelman Financial in VA...complete scam artist. Promised one thing but at the end of the day he wanted to just make commissions and almost made me lose all my money. Stay aware from this company...complete scam artists.

I can't remember where the inspiration came from, , , but one day I woke up and decided that I was tired of being a sucker, , , I went to bob brinker, , I went to suzy orman, , , I did my homework, It was like playing golf , , Now I know my trade , , ,

I would love to meet this Sally Wood chick, she seems a bit psycho, but sure knows how to hold a grudge. She also really likes commas. As far as Edelman, I enjoy his radio show and think he gives good advice, but I wouldn't pay the fees for him to manage my money, you can easily do it yourself with little experience.

ric edleman is interesting on the radio and he is a good saleman,,, but be aware ,, He wants your dough,,, learn the trade and do your homework,,, use www.bob brinker.com and learn to invest your dough yourself,, rather than be subject to this edleman shark attack,, he had got to have a high lifestyle ,, and all of your are backing,it,, like suzy orman ,, learn ,,, study,,, and do your own thing,, like paying golf,, learn the game before you put your dough out there for people like rick edleman to get fees off your hard earned money,,, wake up sucker

I never dealt with Ric Edelman. I used to listen to his show, and the thing that I can't get off my mind is that he used to advise home owners to carry as big a mortgage as possible, and invest their money in the market. I used to yell at the radio whenever he repeated that advice. And that was a short few years before the housing and stock market crash.

Had Ric's firm manage my IRA for 8 years. I never made any money. I finally dropped him earlier this year. I could have done much better by investing in an index fund. His fees are much higher than other advisers.

After suffering years of losses and poor advice from Goldman Sachs, I moved most of my portfolio (in excess of 4 million dollars) to Edelman. I track this stuff like a hawk. My returns are in excess of 9% annually (net fees). Outperforming Dow and in the range of S &P with far lower risk. I don't know what the noise is about. I've been around and these guys give valuable, sound advice.

Think all this guy does is sell managed money accounts. He gets paid in bad and good markets. Seems like a carnival poser.

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!

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.

I put $6K into Ric Trust for my son in Jan of 1999 as of today Jan of 2012 it has gained $800.00. I could have gotten more in a savings account!

Been with Edelman since April 2007. The staff is super, but the returns are poor -6.38% to date. This includes the 2.0% fee the firm charges. Edelman argues that they do better than most indexes (e.g. we lose less of your money than the competition) By the way, the brokerage firm that Edelman uses, T.D. Ameritrade, charges you fees. Just transfer money and you will get a $50 fee. I think Rik Edelman makes most of his money selling book and being on the radio.

ric edleman has a lot bad reviews on finra.org and I find that his morris harris group are sharks...not someone that is a good find

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.