Concord investments is a financial services company that offers a wide range of investment products and services to retail and institutional clients. With over 20 years of experience, Concord has built a reputation for providing transparent, low-cost investing backed by sophisticated technology. This article will provide an in-depth review of Concord’s key offerings, including robo-advisory services, brokerage accounts, managed portfolios, retirement accounts, banking services, and more. The analysis will assess the fees, account minimums, investment options, technology platforms, and overall value propositions of Concord’s offerings. Additionally, the review will examine Concord’s customer service, account security, mobile apps, educational resources, and other aspects vital to evaluating an investment firm. By delving into the pros and cons of Concord’s products, this review aims to help investors make informed decisions about whether Concord is the right choice for their investment needs.
Concord’s robo-advisor provides goal-based investing with low fees
Concord’s robo-advisor service pairs algorithm-driven portfolio management with human oversight from financial experts. Investors fill out a questionnaire about their risk tolerance, time horizon, and financial goals. Concord’s algorithms then construct and manage a diversified portfolio of low-cost ETFs tailored to each investor’s needs. The annual advisory fee for robo-managed accounts starts at just 0.25%, far lower than traditional human advisor fees. Concord’s robo-advisor offers pre-populated starting portfolios based on common goals like retirement, education, home buying, and more. The algorithms automatically rebalance portfolios and tax-loss harvest. While totally digital, Concord’s hybrid robo model allows phone access to human advisors if needed. The robo-advisor service has no minimum balance requirement, opening Concord’s sophisticated money management to everyday investors.
Concord’s brokerage services combine advanced trading tools with commission-free trades
Beyond robo-advising, Concord offers self-directed brokerage accounts with $0 commissions on stocks, ETFs, and options trades. The brokerage platform includes real-time market data, customizable charting and screening tools, risk management analytics, and Level II quotes. Concord’s trading technology enables fast order execution and supports trades across multiple asset classes. While catering to active traders, the brokerage also offers user-friendly education for beginner investors via videos, guides, and blogs. Like the robo-service, Concord’s brokerage has no account minimums. The $0 commission structure makes frequent trading affordable for traders of all sizes.
Concord provides personalized investment management through tailored portfolios
For investors seeking a full-service experience, Concord offers professionally managed portfolios tailored to each client’s unique needs. Financial advisors conduct deep consultations to understand individual risk tolerance, goals, values, and life circumstances. Advisors then construct personalized portfolios using Concord’s wide selection of stocks, bonds, mutual funds, ETFs, and other securities. Portfolios are monitored continuously and adjusted over time to remain optimally aligned with changing market conditions and client needs. While more expensive than self-directed investing, Concord’s management fee starting at 1% is very competitive. With a $25,000 minimum, tailored portfolios are suited for investors who want hands-on advice and highly customized strategies.
Concord provides comprehensive retirement services, including 401(k)s and IRAs
Concord offers a full suite of retirement services to help clients plan for and fund their golden years. On the employer side, Concord provides 401(k) plans, allowing businesses to offer cost-effective retirement benefits to employees. Concord’s 401(k) plans feature abundant low-cost investment options, easy onboarding and administration, and holistic guidance on optimizing retirement plan design. For individuals, Concord offers traditional, Roth, SEP and SIMPLE IRAs with a wide selection of investments. Concord’s team of retirement specialists help clients choose the right accounts and make prudent decisions on contributions, asset allocation, distributions, and more. Low fees on IRAs and comprehensive resources make Concord a compelling option for retirement savers.
Concord banking provides integrated cash management and borrowing solutions
Rounding out its offerings, Concord provides FDIC-insured banking products integrated seamlessly with investment accounts. Concord’s high-yield savings and checkings accounts offer robust online and mobile banking tools with convenience features like bill pay, check deposit, and instant transfers between linked accounts. Concord also offers competitive rates on personal loans, mortgages, student loan refinancing, and more. The ability to manage banking, borrowing, and investing through one secure platform makes Concord a one-stop shop for personal finance. Seamless integration removes friction from moving money between cash, debt, and investments.
In summary, Concord provides a wide breadth of investing solutions tailored to different needs and investor types. Low fees, advanced technology, knowledgeable support, and integrated services make Concord a compelling choice. However, the offerings may be too basic for ultra-high-net-worth investors needing specialized capabilities. Concord’s digital focus also suits tech-savvy investors who value self-service and automation over personal touches. Overall, Concord balances sophistication with accessibility, and most investors are likely to find offerings matching their investment approach.