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July 14, 2020 | Advertisement

Are you aware that you could boost your retirement outlook by using this new startup's no-cost service? 

SmartAsset’s new tool makes it easy to find the right financial advisor near you in just a few minutes. The company's exclusive, no-cost tool matches you with up to three local fiduciary financial advisors that have passed a rigorous screening process. We confirm each is registered with the U.S. Securities and Exchange Commission (SEC) or the appropriate state regulator, possess the proper licenses and have no pending or valid regulatory disclosures within the past 10 years. Each is also a fiduciary, which means they’re legally bound to act in your best interest.

New York, New York: With over 110 million Americans over age 50, it's no wonder this Princeton grad's startup just raised another $28 million in funding to help people conquer retirement.

For a long time, finding the right financial advisor for you was a stressful and time-consuming process. After all, choosing a financial advisor is a major life decision that can determine your financial trajectory for years to come.  

A 2019 Northwestern Mutual study found that U.S. adults who work with a financial advisor report “substantially greater financial security, confidence and clarity than those who go it alone.”

The value of working with a financial advisor varies by person and advisors are legally prohibited from promising returns, but research suggests average additional investment returns can range from 1.5% to 4% more each year. 

Before this groundbreaking, easy-to-use tool, there was no easy way to compare financial advisors from all of the huge firms out there. You had to check one site, then jump to another and enter all of your information all over again. You’d be stuck doing all the work trying to find someone who understands your specific goals and works in your best interest. 

Now, all that is changing. SmartAsset has now raised over $51 million in total funding, and the information you need to help you tackle your retirement can be found in one place. SmartAsset will use the new resources from their Series C round to continue expanding its financial advisor matching platform, which links everyday investors like you to the first advisor comparison marketplace of its kind. Featured on Y Combinator’s Top 100 Companies list, SmartAsset has attracted the attention of funding partners like Focus Financial Partners (which led their Series C funding), as well as soon-to-be retirees who are planning for a comfortable retirement.

So what exactly do you need to do to set yourself up for a comfortable retirement? There’s one easy rule to follow.

It’s crucial to compare financial advisors. And with free services like SmartAsset, comparing advisors today so that you aren’t accidentally costing yourself a happy retirement later is a breeze. SmartAsset works with a robust network of financial advisors all across the U.S., and CEO Michael Carvin says he expects that number to grow into the tens of thousands soon.

Americans don’t always realize how much they need for retirement. If you haven't spoken to a financial professional lately, you might not be as prepared as you thought. Fortunately, hundreds of thousands of smart investors and retirees have used SmartAsset’s no-cost service to find the right financial advisors for them. SmartAsset costs nothing to use, and has won multiple Webby Awards for "Best User Experience."

How to Compare Financial Advisors at No Cost to You

Chances are, there are several highly qualified financial advisors in your town. However, it can seem daunting to choose one.

Our no-cost tool makes it easy to find the right financial advisor for you. Now you can get matched with up to three local fiduciary investment advisors that have been rigorously screened for regulatory disclosures and to confirm their licenses. The entire matching process takes just a few minutes.

Click Your State to Get Matched With Financial Advisors Near You

After you choose your state and answer questions about your financial goals, you can compare up to three advisors local to you and decide which to work with.

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© 2019 SmartAsset

SmartAsset is a personal finance technology company that features a financial advisor matching service. Financial Advisors who appear on SmartAsset are from companies with which SmartAsset receives compensation. SmartAsset takes into consideration wealth and location to determine how to match users with advisors. SmartAsset doesn't include the entire universe of Financial Advisors.

*Northwestern Mutual study