Nectarine Financial Advisor Review: Pros And Cons

Nectarine is an online platform that matches investors with vetted financial advisors. 

When it comes to managing your finances, you might not want to handle everything on your own. If you need a helping hand, the right financial advisor can make all the difference.  

Nectarine offers straightforward pricing, with investors able to choose between an hourly rate and a longer term plan. This Nectarine review explores how the program works, and how it compares to other financial advisor matching services. 

Nectarine was founded by Vivi Ton, Shane Sideris, and Jeremy Schnieder. The stated goal of the company is “to help individual investors get access to top quality financial advisors without the conflicts of interest that plague the rest of the industry.”

This is the same team behind Personal Finance Club, which has a huge following on social media thanks to their easy-to-digest information on personal finance.

Let’s take a closer look at what Nectarine has to offer.

Straightforward Pricing

In the murky world of financial advisors, it is refreshing to see a straightforward pricing model for professional financial advice. The company advertises two different pricing packages, which I detail below:

• The Hour: Nectarine will connect you with a vetted financial advisor for $150-$250 per hour. Within this timeframe, you can expect to have one or two questions answered about your financial trajectory and confirm whether you are on the right track. 
• The Plan. You can opt for the plan, which includes eight weeks of engagement with three one-hour meetings, customized advice, unlimited emails, and more for $2,500. This option offers a more in-depth approach to your plan.

You don’t have to sit through a sales pitch or sign up for the advisor to manage your funds for an ongoing fee. Instead, you’ll pay upfront for advice. 

Related: How Honest Financial Advisors Should Disclose Their Fees

Wide Range of Topics

It’s natural to have questions as you build a financial future. Luckily, Nectarine connects you to vetted advisors who can provide information on the following topics:

• Investment portfolio review
• Tax-advantaged retirement accounts review
• Investment tax issues
• Conversion and rollovers
• Retirement planning
• Early retirement planning
• Estate planning

Regardless of your questions, it’s likely you’ll find answers. 

Network of Vetted Professionals

The network of licensed professionals is vetted by Nectarine. You won’t experience a sales pitch for investment products with underlying kickbacks. And everyone you can work with is a fiduciary. Fiduciary advisors are legally required to act in their clients best interests. 

Plus, you can see their expertise and designations when you look to book an appointment.

Yes, Nectarine charges a flat fee for your time with a financial advisor. Expect to pay $150-$250 per hour for one-off meetings and advice. Or you can opt for more comprehensive advice over an eight-week period for $2,500. 

Nectarine matches you with advisors and charges you a flat fee when you receive advice through its platform. Here’s how it stacks up to other top financial advisor matching services. 

WiserAdvisor is a financial advisor matchmaking service that launched in 1998. You’ll find both fee-only and fee-based advisors through WiserAdvisor. Its matchmaking service is free, so you won’t pay any money unless you establish an ongoing relationship with an advisor. From there, each advisor will have their own fee structure.

Money Pickle is another online platform that connects you with advisors. These advisors work 1-on-1 via video conference setup by Money Pickle. All advisors on this platform have at least five years of experience in their field.

If you want to work with Nectarine, the process starts by selecting which state you live in.

From there, you can explore the different advisors available. When you click around, you can find what topics the advisor specializes in and what situations they prefer to work on. For example, if you are interested retiring early, you can find advisors with specific knowledge on that topic.

Next, you can schedule an appointment that works for you. At that point, you’ll need to create an account with your name, email, and password. Finally, you’ll enter a payment method to move forward with your booking. 

When picking a financial advisor to work with, it can be complicated to find someone you trust. The nice part about Nectarine is that everyone in the network is already vetted. With that, it’s a more secure pool of potential advisors than simply using someone you found through a friend of a friend. 

If you need to get in touch with Nectarine, you can reach out through a contact form on the company’s website. Although the company is relatively new, it has received positive feedback on Trustpilot, with an excellent rating of 4.5 out of 5 stars. Note that this is only based on 13 reviews as of the time of writing. 

Is It Worth It?

Nectarine offers a unique service that differs slightly from other online financial advisor matching services, such as WiserAdvisor, Money Pickle, and Zoe Financial. Those other platforms are simply matching you with vetted advisors. Their services are free, with the expectation that you will pay fees to the advisor if and when you establish an ongoing relationship. 

But sometimes, you just need one-off advice and aren’t looking for a long-term relationship. That’s where Nectarine comes in. If you are willing to pay for straightforward feedback from an expert on your unique financial situation, then Nectarine could be a good fit. If you are looking for an advisor to manage your money years into the future, then one of the other services might be more suitable. 

Check out Nectarine here >>