Great West Investments is an investment management company that provides various financial services to clients. In this article, we will conduct an in-depth review of Great West Investments, examining its background, investment products, fees, customer service and more. This will provide investors with a comprehensive evaluation of Great West Investments to determine if it suits their investment needs. By reviewing aspects from the company history to the account options, investors can gain a holistic view of Great West Investments’ offerings and performance in the investment industry.
Great West Investments has over 90 years of history providing investment services
Great West Investments was founded in 1930 originally as a life insurance company. Over the decades, it expanded into offering various financial services including investment management. Today, Great West Investments manages over $400 billion in assets, providing services to both individual and institutional investors. With over 90 years of operating history, Great West Investments has weathered major historical events and gained substantial experience in investment management.
Great West Investments offers a wide array of investment products to suit different investors
Great West Investments provides investment solutions across all major assets classes. This includes stocks, bonds, ETFs, mutual funds, annuities and more. The company offers specific funds targeting objectives such as growth, income and target date funds for retirement. For stocks, Great West Investments provides both individual stocks and professionally managed portfolios. The wide range of investment options allows investors to construct diversified portfolios aligned with their goals.
Fees charged by Great West Investments are competitive but vary across products
Great West Investments charges fees in line with industry averages. Management fees for stock and bond funds range from 0.3% to 1.25%. Actively managed portfolios have annual advisory fees from 0.4% to 1.5%. Transaction fees apply for buying and selling stocks, around $20 per trade. While costs are comparable to other investment firms, fees vary notably depending on the investment product. Investors should fully evaluate the fee structure before selecting funds or portfolios.
Great West Investments provides good customer service through multiple contact methods
Great West Investments offers phone, email and live online chat support during business hours. Customers report timely and satisfactory experiences contacting the company by phone. Email response time is within 1 business day on average. The company website also has extensive resources such as articles, calculators and live webinars for investor education. Overall, Great West Investments provides ample customer service access to address investor needs and questions.
Great West Investments offers comprehensive account options suitable for many investors
Investors can open taxable individual and joint investment accounts with Great West Investments. It also offers traditional, Roth, SEP and SIMPLE IRAs for retirement savings. For businesses, the company provides accounts for 401(k) plans, pensions, profit sharing and more. Accounts have no minimum balance requirements. The wide account selections can accommodate most investors seeking investment management or retirement planning.
In summary, Great West Investments represents a long-standing and reputable investment company that can satisfy the needs of many investors. Its wide range of investment products, reasonable fee structure, quality customer service and flexible account options are key strengths. While suitable for many, investors should still evaluate if Great West Investments aligns with their specific investment goals and preferences.