Blooom is an online investment advisor that offers a free analysis of employer-sponsored retirement plans. It also provides clients with investment selections, computations to reduce hidden fees, suspicious activity alerts, rebalancing, market guidance, and more. In this article, we cover Blooom reviews and pricing. Ready to get started? Visit its website.
Summary of Blooom Reviews
As of the date this article was written (01/17/19), there are no Blooom reviews available online. If you are a past or current Blooom customer, leave a review to help others who are deciding whether or not to use the product.
Blooom pricing includes a free analysis of employer-sponsored retirement plans. It has a flat rate fee of $10/month for management and monitoring of a 401(k) account. The company charges $7.50 per additional account. The main differences between the free and paid options include portfolio adjustment, assistance from financial experts, suspicious activity alerts, and more.
The company also offers a 10% discount to clients who pay annually. Interested users may contact their sales team directly to inquire.
Ready to get started with Blooom? Visit its website.
Top Retirement Account Pick from Fit Small Business
7 Best 401(k) Companies 2019 — 401(k)s allow business owners and employees to save up to $56,000 annually through tax-free salary deferrals, matching, and profit sharing. In this guide, we compared Wells Fargo, Merrill Edge, Human Interest, Vanguard, Paychex, and Fidelity, in terms of role in the process, ease of integration, reputation, investment costs, and more.
Check out the list below of some of Blooom’s features:
- Investment Selection
- Consistent Monitoring and Rebalancing of Clients’ Retirement Account
- Reduction of Hidden Investment Fees
- Suspicious Activity Alerts
- Market Guidance
- Appropriate Stock/Bond Mix
- Unlimited Access to Blooom Financial Advisors
How does Blooom help clients prepare for sudden changes in their financial situations?
Blooom rebalances investors’ portfolios regularly. It suggests the best stock/bond mix based on current market changes to help clients prepare for unexpected situations, such as the termination of their employment funds.
How does Blooom determine the suited retirement plans for their clients?
Blooom selects investment options based on several factors, such as an investor’s age, goals, income, and risk tolerance. They have financial experts who specialize in 401(k) investments to directly answer questions or concerns about the investment plans.