Navigating the world of online brokerage can be overwhelming. Whether you’re a seasoned investor or just starting, finding a reliable and trustworthy platform is crucial. This in-depth review of Zoe Financial aims to provide you with all the necessary information to decide if it’s the right fit for your financial goals.
Company Summary
| Aspects | Features |
| Company Name | Zoe Financial |
| Established | 2017 |
| Stage | Series A | Alive |
| Total Fund Raised | $15M |
| Location | 31 W 34th St New York, New York, 10001, United States 646-847-2106 |
Company Overview
Zoe Financial is a wealth management matching service developed by Andres Garcia-Amaya, a chartered financial analyst (CFA).
The organization’s service is best described as an online version of Angi (previously Angie’s List), with the exception that rather than helping you discover roofers and plumbers, the company focuses on helping you locate financial planning solutions.
Founded in 2018, Zoe Financial has its headquarters located in New York City. It started strong even though it was comparatively fresh to the financial planning stage. When a customer needs financial guidance, the company connects them with over 2,000 professionals.
Pros and Cons
| Pros | Cons |
| Makes it easy to find a financial advisor. | Difficult to know financial advisor fees upfront. |
| A network of financial advisors offers a wide range of planning services. | |
| No fee for using Zoe Financial to find an advisor. |
Account Types
Zoe Financial currently offers a single account type, designed for working with their network of advisors. This means investors don’t have direct control over their investments but rely on the guidance and expertise of their assigned advisor.
Account Minimum Deposit Amount
You need to have investable assets of $150,000 to be eligible for an advisor match. Although the minimal requirements for some advisers in Zoe’s network may be greater, Zoe will match you with an advisor who best suits your current financial circumstances.
Key Features of Zoe Financial
If you’re looking for a trained financial professional to assist in creating and preserving your financial stability, Zoe Financial is a fantastic choice. The organization provides a plethora of options to assist you in locating the ideal specialist.
Certified Financial Counselors
As fiduciaries, none of the financial advisors in the Zoe Network take commissions. This means that these professionals never act against your best interests and won’t sell you unnecessary items in exchange for a commission.
Each advisor in the network, as well as each advising business within it, possesses and keeps one of the following certifications:
- Chartered Financial Analyst (CFA). CFAs are professionals in the field of investments who provide analysis and portfolio management services.
- A Certified Professional in Finance (CFP) CFPs can assist with many aspects of finances, including estate planning, tax planning, and investing.
- Certified Public Accountant (CPA). CPAs are experts in taxes who may assist with tax preparation, upkeep, and filing.
- Registered Investment Advisor (RIA). RIAs are helpful in every aspect of investing.
You may be confident that the credentials of any professional you locate through Zoe Financial are correct and current.
Superior Screening Method
Experts are not created equal. Certain CPAs, RIAs, CFPs, and CFAs are better than others. The expert you choose to deal with might have a big impact on your financial situation.
One distinctive feature of The Zoe Network is that it does not allow financial professionals to purchase advertising or website placement. Rather, every specialist undergoes an exceptional screening procedure, which, according to Zoe Financial, only roughly 5% of financial experts can successfully finish.
Whether they are specialists employed by advising firms or independent advisers, all experts are required to go through the same process. You may be confident that you’re in the best hands possible when you utilize Zoe to select an advisor.
Diversified Financial Sectors
Financial advisers at Zoe are either all-around specialists in investing and personal finance or specialists in particular fields. There’s probably an expert waiting to help you with your financial condition, no matter what you need assistance with.
During the onboarding process, the following financial services are prioritized by the company:
- Retirement Planning
- Home Purchase
- Taxes
- Family Planning
- Investments
- Financial Windfall
Educational Materials
We are all about financial education, thus we cherish it. While most firms that help you locate a financial advisor leave the advisor to handle the educational aspect, Zoe Financial goes above and beyond.
On its website, the corporation has a thorough instructional area including blogs, infographics, videos, white papers, and articles. All of them are meant to teach you how to handle your own money and know when to enlist the assistance of an advisor.
Safety
Security is a factor to take into account whenever you deal with a financial services provider. Your private financial information is not something you want to be compromised by hackers.
How To Open An Account With Zoe Financial?
At Zoe Financial, the onboarding procedure is among the simplest available. Start by responding to the following inquiries after selecting the “Find My Advisor” button on the homepage:
- Click on your areas of interest — retirement planning, home purchase, taxes, family planning, investments, and financial windfall.
- Enter your ZIP code to help Zoe Financial match you with an advisor nearby.
- Choose your line of work from the dropdown menu. If you can’t find your occupation, click “Other” and type it in.
- Slide the bar to your annual household income.
- Click the icon for each type of asset you own. Zoe Financial will then ask you to describe how much of each asset you have.
- Fill in your contact information including your name, phone number, and email address.
Following your responses to the above questions, Zoe Financial will provide the adviser profiles of the specialists it thinks are the most suitable for you. Just look through the advisors’ profiles to select the one you wish to work with.
Client Feedback and Reviews
Client reviews for Zoe Financial are generally positive, with users praising the ease of the matching process and the quality of their assigned advisors. However, some criticisms point towards limited platform functionality and higher fees compared to traditional brokers.
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Conclusion
source for individuals seeking personalized financial guidance and access to qualified advisors. However, its limited investment options, reliance on advisors, and potentially higher fees may not suit everyone. Carefully consider your investment goals and risk tolerance before deciding if Zoe Financial aligns with your needs.
