As of 2016, complaints about Edelman Financial Services on the Ripoff Report website include receiving incorrect information from a financial adviser and exaggerated claims on the company's marketing material. Several people also complain about losing money due to bad investments, according to Reviewopedia.com.
The investment returns offered by Edelman Financial Services are low or non-existent and transactions fees too high, claims an unsatisfied customer on Reviewopedia.com. Several reviewers think that some of the main financial advisers are only interested in getting commissions and don't seem to care about the customer's money. According to a review on the Ripoff Report website, Ric Edleman doesn't have enough knowledge of the financial world.