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Symmetry Partners Review

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Symmetry Partners

Symmetry Partners is an investment advisory firm that serves a range of clients from individuals to financial advisors. The firm manages diversified proprietary portfolios built on academic research into financial markets and financial behavior. It currently oversees more than $5 billion in assets under management (AUM).

Symmetry Partners Background

Symmetry Partners launched its business in 1994. Today, it provides investment advisory services by constructing diversified portfolios on behalf of its clients. The firm generally utilizes open-end mutual funds and exchange-traded funds (ETFs) to construct these portfolios. In some cases, Symmetry may partner with other registered investment advisors (RIAs) to provide these services. 

In addition, the firm aims to deliver investor education and dedicates a portion of its website to content around financial topics like smart beta investing and the basics of multi-factor exchange-traded funds (ETFs). 

Founders David E. Connelly, Jr. and Patrick A. Sweeny currently own the firm. 

What Types of Clients Does Symmetry Partners Accept?

According to documents it recently filed with the Securities and Exchange Commission (SEC), Symmetry serves the following clients: 

  • Individuals
  • Trusts
  • Charitable organizations
  • Pension and profit-sharing plans
  • Corporations
  • State and government entities
  • Symmetry Panoramic Funds
  • Symmetry Partners Minimum Account Size

Symmetry’s account minimums vary by the type of portfolio you’re invested in. We describe the current requirements below: 

  • Mutual Fund-based Portfolios: $10,000
  • AltAxis Portfolio: $25,000
  • ETF Portfolios: $25,000

The firm may reduce or waive these minimums at its discretion. 

Services Offered by Symmetry Partners

Symmetry focuses on building diversified portfolios in order to help clients meet their long-term financial goals. The firm currently provides its clients with access to the following portfolios:

  • Structured Portfolios - diversified primarily with U.S. equities, real estate investment trusts (REITs), global investment-grade bond funds and fixed income allocations 
  • PrecisionCore ETF Portfolios - built with globally diversified ETFs that offer exposure to various asset classes including equities and fixed income
  • AltAxis Portfolio - constructed with mutual funds that offer exposure to traditional and alternative asset classes such as equity, fixed income, commodities and currencies. Symmetry recommends that alternative strategies represent only a portion of a client’s well-diversified portfolio. 
  • Symmetry Portfolios - designed for the conservative investor and built with mutual funds that provide exposure to investment-grade fixed income securities. They feature a currency-hedged international bond position and an allocation to inflation-protected securities. 

Additionally, the firm can build investment menus as a fiduciary advisor on behalf of corporate retirement plans such as 401(k)s. 

Symmetry Partners Investment Philosophy

Symmetry’s investment philosophy is heavily influenced by Modern Portfolio Theory. This ideology suggests that diversification can be key to capturing strong returns and limiting risk. The firm believes that the markets are highly efficient. So it tends to avoid active investing strategies such as market timing in order to capture returns from undervalued securities. Instead, the firm typically aims for exposure to several different asset classes to “capture the power of the markets while mitigating risk.” 

While Symmetry advisors aren’t required to offer exposure to a defined list of asset classes, they primarily build portfolios with mutual funds and ETFs that invest in equities and fixed income. The asset allocation of a client’s portfolio would ultimately depend on individual factors such as the client’s risk tolerance, investing goals and time horizon. 

When evaluating securities, the firm turns to academic research into the capital markets among other sources and methods of analysis. 

Fees Under Symmetry Partners

Symmetry charges clients annual fees based on a percentage of their account size. We provide the firm’s current fee schedules below. 

Assets Fee
$0 - $1 million 0.50%
$1,000,001 - $3 million 0.45%
$3,000,001 - $5 million 0.40%


What to Watch Out For

In some cases, third parties sub-advise Symmetry’s funds. This arrangement could create a conflict of interest in regard to their management of assets in these funds. However, Symmetry and the RIAs it may work with have a fiduciary duty to provide advice in your best interests at all times and disclose any potential conflicts. 

Disclosures

Symmetry, as of the time of this writing, has no disciplinary events to report. For the latest details, you can access its disclosure documents via the SEC’s website. 

Opening an Account With Symmetry Partners

A potential client may learn more about opening an account with Symmetry by visiting its official website at https://symmetrypartners.com/ or by calling (800) 786-3309.  

Where Is Symmetry Partners Located?

Symmetry is located at 151 National Drive, Glastonbury, Connecticut 06033 

Tips for Finding the Right Financial Advisor

  • If you’d like to continue comparing investment advisors, we can help. Use SmartAsset’s financial advisor matching tool. Within a few minutes, it connects you to advisors in your area. It also gives you access to their profiles so you can evaluate their credentials and expertise before making a decision.
  • Before you hire a financial advisor, make sure you know how they get paid. Advisors typically work on a fee-based or fee-only basis. While they sound interchangeable, they are not and the difference can have a major effect on your return. 

All information was accurate as of the writing of this article.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research