Frequently Asked Questions

My Account

  • What types of accounts can I open?

    If you are establishing your accounts with us through Edelman Online, you can create individual and joint accounts, as well IRA and Roth IRA accounts.

    By working with our financial advisors, you can also create accounts for estates, trusts, SEP-IRAs, 401(k) plans, custodial accounts for minors, and many others.

    All account owners must be at least 21 years old and either a U.S. Citizen or a legal U.S. permanent resident. If you want to open an account for a minor, talk with us; we can help you decide how best to benefit your child, grandchild or other minor.

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  • Can I open additional accounts at any time?

    Sure. Opening additional accounts is easy. If you are working with one of our financial advisors, just contact him or her. If you prefer to open an account online, simply click "Open Additional Account" at the private client area of Edelman Online.

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  • What is your account minimum?

    We're proud that virtually any saver can enjoy the extensive diversification, strategic rebalancing and professional management that the Edelman Managed Asset Program® provides. Unlike other advisors and investment programs that require you to invest $500,000 or $1 million (or more), you can open an EMAP account with as little as $5,000!

    Most of our clients maintain six-figure or seven-figure accounts with us. However, we believe all Americans deserve access to the same outstanding advice and investment management services that more affluent people enjoy. So while we proudly serve those who are wealthy (about 20% of our clients have invested more than $1 million with us) we are equally proud to help those who don't yet have lots of money (but who aspire to do so one day!)  So, we're proud that our account minimum is the lowest of any investment management program in the nation (known technically as "turnkey asset management programs" or "wrap accounts").

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  • Can I rollover my existing IRAs or other retirement accounts?

    Yes! More than 40% of the money in EMAP came from old IRAs and retirement accounts that our clients had with former employers. So, we're expert at managing these kinds of accounts, and it'd be no surprise if you want to create rollover accounts for your IRAs and old retirement accounts, too.

    Our financial advisors can guide you through the process transferring money to us. If you prefer, you can manage the process yourself via Edelman Online.

    If you are moving money directly from your employer's plan to EMAP, please instruct your employer to make the check payable to "TD Ameritrade FBO Your Name." (FBO means "for the benefit of" – it's industry lingo).

    For your own protection, never make any investment check payable to Edelman Financial Services or Edelman Online. Please also write your account number on the check.

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  • Can my account hold assets besides those in EMAP?

    You can transfer cash and almost any marketable security into your EMAP account. However, as soon as your holdings are received, they will be sold and the proceeds used to purchase the investments comprising your EMAP asset allocation model. Depending on the type of account and securities you're depositing, there may be tax implications or other costs. To learn more, be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.

    Because EMAP is a highly specific asset management program, it cannot hold assets other than the investments we've recommended for your account. If you have securities you want to keep for now, you should maintain them in a brokerage account elsewhere.

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  • How do I add money to my account?

    You can add money at any time via check, wire or automatic electronic deposit, in any amount. (There are no minimums or maximums.) Keep in mind that there are IRS limits regarding the amount you can contribute annually to IRA accounts. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.

    Due to federal laws designed to thwart money laundering and the funding of terrorist activities, we cannot accept the following:

    • Cash
    • Money orders
    • Travelers checks
    • Starter checks
    • Official bank checks (which include cashier's, certified, teller's and treasurer's checks) for amounts under $10,000
    • Third party checks other than from TD Ameritrade

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  • Can I sign up for automatic contributions?

    Yes – and we encourage you to do so! Simply log on to the private client area of Edelman Online, click on the account for which you would like to start automatic contributions, and select "Add to account."

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  • Who should I contact if I am having trouble making deposits?

    If you need assistance, call us at (888) PLAN-RIC. Our normal hours of operation are 8:30am – 5:30pm local time, and you can contact us 24 hours a day, seven days a week at the same number.

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  • How do I withdraw money from my account?

    You can withdraw money at any time, in any amount. There is never any fee to do so. A check can be sent directly to you, or money can be wired directly to your bank account. Simply contact us to start the process.

    We do not offer check-writing privileges, and liquidation requests are subject to a three-day settlement period.

    Be aware that withdrawals could create tax implications. Withdrawals from IRAs or other tax-deferred accounts could be subject to taxes and an IRS penalty. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.

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  • Who should I contact if I am having trouble making a withdrawal from my account?

    If you need assistance, call us at (888) PLAN-RIC.

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  • Can I arrange to receive income from my account on a regular monthly basis?

    Yes. In fact, this is one of our most popular benefits. Many of our clients are retired and receive a pre-set amount of money from their accounts on a monthly basis. We can do the same for you, too.

    If you decide to receive money on a monthly basis, you can start, stop or change the amount you receive at any time. You can also choose to receive a check each month, or you can have your income deposited directly to your bank account, just like a Social Security or pension check. There is never any charge for this service.

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  • Where is my account held?

    We will establish your account for you with TD Ameritrade, one of the nation's largest brokerage firms. TD Ameritrade is not affiliated with our firm. Your account will be held with TDA's Institutional division, which serves financial advisors like us. Our role is to design your asset allocation model and recommend investments for that model; TDA's role is to execute transactions based on our instructions, and to provide related record-keeping services for you. TDA is also responsible for sending you monthly statements.

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  • Does the custodian charge a fee?

    No. TDA's services are included in the EMAP fee. You pay no additional costs to receive TDA's services. This means you pay no brokerage fees, commissions, or trading expenses.

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  • How are my assets protected?

    Clients are protected by SIPC, the Securities Investors Protection Corporation. SIPC provides up to $500,000 per client account.

    Designed by Congress in 1970, SIPC protects most customers from brokerage firms that are failing. To learn more about what SIPC covers, visit the SIPC website.

    In addition to SIPC coverage, TD Ameritrade provides additional coverage of up to $150 million, of which $900,000 may be applied to cash (the rest covers the securities in your account).

    It's important to note this coverage protects you against brokerage insolvency; it does not protect you against losses due to declines in the market value of your investments. (Learn more about SIPC.)

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  • What is your fee?

    Our clients pay no commissions, trading costs, brokerage fees or any administrative charges. Instead, Edelman Managed Asset Program® (EMAP) features a single annual fee. It is calculated quarterly and debited from your account in arrears, based on the beginning and ending values of all the accounts in your household (adjusted for any money you deposit or withdraw during the quarter). Your quarterly statement will show the management fee for the quarter; you will also receive a year-end summary.

    The fee is based on the value of your account. So the more you invest, and the higher your account value grows, the lower your rate – potentially providing valuable savings to you.

    The fee schedule for Traditional EMAP is:

    • First $150,000 2.00%
    • Next $250,000 1.65%
    • Next $350,000 1.25%
    • Next $250,000 1.00%
    • Next $2 million 0.75%
    • Next $7 million 0.60%
    • Next $15 million 0.50%
    • Amounts above $25 million are negotiable

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  • What does your fee include?

    Edelman Managed Asset Program's® (EMAP) fee covers all of our investment management and account-related services, as well as execution of all trades, securities custody and most clearance services. For example, the EMAP fee does not include certain account and securities-related costs, including the fees embedded in the mutual funds, ETFs or annuities in which your EMAP account invests (including management fees, transaction charges incurred for asset allocation model trades, custody of assets and other expenses). Depending on your situation you may incur the following fees: debit balances, related margin interest, IRA and retirement plan fees, transfer fees, SEC fees, 12b-1 fees for certain money market funds, wire transfer fees, overnight check fees, account closing fees, or other fees or taxes that are required by law.

    You will also receive a prospectus for each fund, containing expenses and other charges. We only recommend no-load institutional-class mutual funds and exchange-traded funds.

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  • Do I have to use the Guide to Portfolio Selection┬« before opening an account?

    As financial advisors, we have a fiduciary obligation to make sure that your investment in Edelman Managed Asset Program® (EMAP) is in your best interests. If you're working with one of our financial advisors, they'll determine suitability for you as a natural part of their conversations with you.

    But if you're opening your EMAP account online, the Guide to Portfolio Selection (GPS) is essential, for it helps us evaluate your investment experience, risk tolerance and more, so that we can make sure you're investing in the EMAP portfolio that's right for you.

    So, the choice is yours: you can talk with an Edelman advisor, or you can use the GPS at Edelman Online. Either way, you'll get the advice and recommendations that are in your best interest.

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