Matson Money operates within an approach that emphasizes structure.
It works through independent advisors, offering a set process built for clients who want a consistent strategy for short-term investments and long-term investments.
But does that make Matson Money a dependable approach, or just another fixed system that sounds better than it performs?
What Is Matson Money?
Matson Money Inc. is a federally registered investment advisor that operates through a network of over 500 independent advisors across North America and Puerto Rico.
Founded by Mark Matson, the firm offers a structured approach that relies on advisor relationships rather than self-directed accounts.
Headquartered in Mason, Ohio, with its main office in Scottsdale, AZ, the company works with co-advisors to provide support and implementation services.
While it is a registered investment advisor, it distinguishes itself by integrating academic theory, behavioral research, and coaching into its framework.
This structure allows Matson Money to serve clients across different types of assets (stocks, bonds, ETFs), goals, and timelines.
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Matson Money Details: Services, Client Types, Account Size, Fees, Availability
| Category | Details |
| Service Type | Portfolio management through independent financial advisors |
| Investment Approach | Evidence-based, globally diversified asset allocation using mutual funds and ETFs |
| Account Minimum | No set minimum for standard accounts; $50,000 suggested for full fund access |
| Client Types | Individuals (HNWI and non-HNWI), businesses, pension plans, nonprofits, government entities |
| Fee Range | 0.50%–2.00% annually based on AUM and advisor agreements |
| Co-Advisory Model | Yes, via co-advisory agreements with financial professionals |
| Fiduciary Status | Yes, as a federally registered investment advisor with fiduciary responsibility |
| Custody of Funds | Held with independent third-party custodians, not by Matson Money |
| Location | Scottsdale, Arizona |
| Founded | 1991 |
| Available In | United States, Canada, Puerto Rico |
What Is the Investment Philosophy of Matson Money?
The Matson Method removes active stock picking and timing from the investment equation.
It builds portfolios using principles such as Modern Portfolio Theory, the Three-Factor Model, and the Efficient Market Hypothesis, aligning with the long-term strategy of capturing market returns.
These philosophies guide the firm’s asset allocation, spreading risk across domestic equity, international equity, and fixed income, often through mutual funds (like money market funds) and exchange-traded funds (ETFs).
Each investor’s allocation depends on risk tolerance, duration, and overall investments.
Instead of delivering standalone products, Matson provides an infrastructure for providing advice through trained advisors.
These advisors participate in regular sessions focusing on education, client communication, and behavioral coaching.
The American Dream Experience, a two-day program hosted by Matson, reinforces the behavioral foundation of long-term investing and personal decision-making.
Its message centers on finding a true purpose for money rather than chasing short-term performance.
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What Types of Clients Does Matson Money Work With?
Matson Money serves the following clients:
High-Net-Worth Individuals
Matson supports high-net-worth individuals seeking a long-term investment structure. These clients work through financial professionals and use Matson’s platform to anchor broader financial plans.
Non-High-Net-Worth Individuals
Matson is also accessible to individuals without significant starting assets. Its approach allows advisors to serve smaller accounts without compromising investment structure or process.
Investment Companies
The firm partners with investment companies that prefer to delegate portfolio management but maintain client relationships through outsourced investment management strategies.
Pension and Profit-Sharing Plans
Matson works with retirement-focused entities that need consistent, structured portfolio oversight without active speculation.
Charitable Organizations
Charities and nonprofits engage Matson to support long-term capital growth while keeping allocation strategies aligned with their mission-driven requirements.
Government Entities
Public institutions and agencies use Matson-advised portfolios to help manage funds within defined mandates and compliance standards.
Corporations and Other Businesses
Matson also provides structure for corporate investment accounts, working through broker-dealers, advisors, or co-advisors who maintain the client-facing side of the relationship.
How Much Do You Need to Open an Asset Management Account With Matson Money?
Matson does not impose a minimum investment requirement to open an account. Depending on the relationship’s structure, this decision is in the hands of the advisors and their clients.
Whether accounts are used to manage retirement savings, college planning, childcare, long-term care funding, or general-purpose investments, Matson supports flexible entry points.
These include services tied to outsourced investment management, where advisors delegate specific responsibilities while maintaining client relationships.
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What Services Does Matson Money Offer?
Matson Money provides the following investment programs, which are designed to match client objectives through structured portfolio models and disciplined fund selection.
Matson Fund Platform
The Matson Fund Platform offers portfolio models based on responses to a risk-based questionnaire. Asset mixes range from equity-heavy to fixed income-focused. Options include:
Aggressive Growth
95% equities; 5% fixed income
Long-Term Growth
85% equities; 15% fixed income
75% equities; 25% fixed income
Balanced Growth
60% equities; 40% fixed income
50% equities; 50% fixed income
40% equities; 60% fixed income
Income and Growth
25% equities; 75% fixed income
Fixed Income
0% equities; 100% fixed income
If your portfolio includes an insurance product, the firm may determine a separate allocation. Clients access this structure through their advisors, who are co-advisors affiliated with Matson.
Private Account Asset Management Program
The private account asset management program is available by referral or for accounts tied to specific annuity contracts, such as hybrid annuities, straight life annuities, and QLACs.
Portfolios typically include 8 to 15 DFA no-load mutual funds, selected to match the client’s goals and tolerance for risk.
Allocations are reviewed quarterly and adjusted based on internal research, but changes may lead to transaction costs or tax effects.
Accounts under $50,000 may also use fewer funds. All investment decisions follow a structured approach, not performance trends.
Frontier Adjusted Portfolio Program
The Frontier Adjusted Portfolio Program also uses Free Market Funds. Advisors adjust client allocations once a year based on current risk profiles.
Starting allocations must include at least 1% equity. This program is not compatible with Matson’s insurance products.
How Much Does Matson Money Charge?
Matson Money fees vary depending on the relationship between the program and advisor.
Clients enrolled in the Fund Platform or the Frontier Program pay the operating costs of the securities within their portfolios. These include built-in fees for Matson, fund providers, or both.
Additionally, Matson Money does not charge an extra advisory fee on top of those embedded costs. However, co-advisors may charge separate fees for providing advice.
These are capped at 1.20% for new clients, calculated based on assets under management (AUM).
For example, a $3 million account billed at 1.20% annually would pay $36,000 per year, billed quarterly. These fees are for advisor services and do not include fund-level expenses.
Meanwhile, the Private Account Asset Management Program follows a tiered schedule:
First $500,000: 2.00%
Second $500,000: 1.00%
Next $3 million: 0.75%
$4 million: 0.50%
Rates may be negotiable depending on account specifics and the advisor’s discretion.
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How to Open an Account With Matson Money
To open an account, visit Matson Money’s official website. Scroll down to the bottom of the homepage and click Contact. You can also call (513) 204-8000 to speak directly with the team.
Benefits of Investing in Matson Money
Matson Money structures its investment process on consistency, which can provide the following benefits:
Built on Proven Academic Investment Principles
Matson Money guides investment decisions using Modern Portfolio Theory, the Efficient Market Hypothesis, and the Three-Factor Model.
This foundation supports disciplined portfolio construction through diversified holdings, helping build long-term confidence in the investment process.
No Stock Picking or Market Timing Involved
The firm avoids speculative strategies. Instead of relying on forecasts or manager intuition, the model focuses on evidence-based methods, removing pressure to chase securities or time market shifts.
Diversified Portfolios Across Global Markets
Matson allocates assets across domestic and international markets using broad exposure to both equities and fixed income.
This approach is applied through structured fund models that reduce concentration risk and support durable investments.
Personalized Allocations Based on Your Risk Profile
Client portfolios use fixed models, but the allocation percentages are tailored to each client’s risk tolerance and time horizon.
These allocations are built through questionnaires and regularly reviewed as part of ongoing management.
Weekly Training and Coaching for Financial Advisors
Matson Money invests heavily in advisor support.
Through weekly sessions focused on behavior, communication, and strategy, Matson delivers continuous education and coaching.
These sessions help advisors improve how they explain and implement investment models.
Outsourced Portfolio Management for Greater Efficiency
Through partnerships with co-advisors, financial professionals can delegate day-to-day portfolio oversight.
This frees them to focus more on providing advice, financial planning, and client relationship management while maintaining full client access and oversight.
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Risks and Limitations of Matson Money
Investments have risks and limitations, and so does Matson Money, despite its structured and disciplined approach.
Lack of Online Presence
Matson’s visibility across consumer review platforms is lacking. This can make it difficult for new clients to verify claims, compare providers, or evaluate prior experiences beyond firm-controlled sources.
No Custom Stock Selection
Investors seeking active portfolio control or individual holdings won’t get this from Matson Money. The firm uses structured mutual funds, so clients surrender direct selection in exchange for systematic diversification.
Limited Scope of Services
The firm offers portfolio construction and asset allocation, but it doesn’t provide full financial planning services.
This means investors needing tax projections, estate strategy, or retirement simulations must work with another planner or broker.
Potential Misalignment Without Full Financial Planning
Without integrated goal-planning, portfolios may lack connection to financial milestones like home purchases or education funding. The structure assumes coordination through outside advisors or broker-dealers.
No Guaranteed Protection Against Market Losses
Like all investment strategies, Matson’s approach carries market risk. Diversification does not guarantee profits or prevent losses, even across global allocations.
Fund-of-Funds Strategy May Overlap or Increase Costs
Matson’s use of fund layers may lead to overlapping holdings or higher expense ratios. Although efficient at scale, the structure can reduce transparency for investors who want to assess underlying fund exposure.
Requires Co-Advisory Relationship
Matson operates through licensed advisors or dealer partners. Investors must work through this model and can’t access the fund platform directly, which may limit flexibility for those who prefer a DIY or digital experience.
Asset-Based Fees Still Apply
Clients pay a management fee based on assets under care, usually bundled into the advisory model. These fees vary but are typically higher than self-managed accounts.
Investors should ask what services are included in this compensation model and compare them to alternatives.
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What Do People Say About Matson Money?
Public feedback about Matson Money is mixed. Here’s what people have said from BBB, Reddit, and Bogleheas.
Better Business Bureau (BBB)
Matson Money holds an A rating from the BBB but is not an accredited business under the organization’s standards.
Over the past three years, one complaint has been filed. It remains unresolved.
The client alleged that Matson Money disclosed sensitive account information to an ex-spouse without authorization. In its response, the firm stated that its internal protocols were followed and no harm occurred as a result.
Reddit discussions around Matson Money generally center on cost, transparency, and advisor value.
Many users compare the firm’s total fees, typically around one percent of assets under management, to the lower expenses of self-managed portfolios using ETFs or index funds.
Several commenters describe Matson’s services as replicable at a fraction of the cost, especially for those comfortable managing their own accounts.
With that said, others acknowledge the behavioral guidance provided by Matson-affiliated advisors, pointing out that emotional support and consistent coaching can help reduce impulsive decisions like panic selling.
Some users also noted that transferring assets from Matson to another platform, such as Schwab or Vanguard, was straightforward and fee-free.
The commentary spans different periods, with some reviews posted as recently as two months ago, others from 10 months ago, and a few dating back three years.
While older posts may not reflect every aspect of the firm’s current operations, the more recent feedback offers a closer view into current and former clients’ perceptions of Matson Money.
Bogleheads
Across multiple Bogleheads threads, posters warned about the cost drag of Matson’s advisory model. They shared concerns about transparency, advisor pressure, and performance tracking.
While a few noted that the behavioral true purpose framing resonated, most agreed that lower-cost indexing through Schwab or Vanguard was more practical.
However, the posts date back to 2017, 2019, and 2023 and may not reflect the firm’s current approach.
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When to Use Matson Money
Matson Money offers a structured approach suited for investors and advisors with the following priorities:
Want a Long-Term, Evidence-Based Investment Strategy
Matson’s evidence-based framework supports disciplined asset allocation across global markets using broad exposure rather than forecasting.
Investors aligned with this thinking generally prefer to stay invested rather than react to short-term volatility.
Prefer to Outsource Investment Management
Matson supports financial professionals looking to delegate portfolio oversight while focusing on financial planning and client relationships.
This setup benefits advisors who want a more efficient way of providing advice across a growing client base.
Comfortable with a Passive, Diversified Approach
Investors who value low-maintenance strategies align with Matson’s model.
The platform applies a fund-of-funds structure that includes diversified mutual funds and ETFs, removing the need to select individual securities.
Therefore, this system suits clients who prefer exposure across asset classes without having to manage allocations themselves.
Value Behavioral Coaching and Education
The firm offers weekly training sessions for advisors and hosts events like the American Dream Experience to help reinforce long-term thinking.
These resources are designed to improve client outcomes by strengthening advisor communication and reducing behavior-driven mistakes.
As a result, the emphasis on coaching adds a layer of support that many planning-centric advisors find useful.
When to Avoid Matson Money
While Matson Money fits a specific profile of investor and advisor, it is not feasible for the following situations:
Need Comprehensive Financial Planning Services
Matson focuses exclusively on portfolio management. It does not provide retirement modeling, tax strategy, estate planning, or debt guidance.
So, investors seeking integrated planning must work with a separate advisor or broker to fill those gaps.
Want Direct Control or Custom Investment Picks
The firm does not allow individual stock selection or tactical allocation changes.
All investments follow fixed models, which may feel too restrictive for investors who want flexibility or prefer a more personalized investing approach.
You’re a DIY Investor
Matson’s services are delivered through financial professionals operating under a co-advisory arrangement.
Investors looking to manage their own portfolios without advisor involvement won’t be able to access the platform directly.
The firm’s structure is built for advisor-led delivery, not direct-to-consumer relationships.
Concerned About Layered Fund Costs
Because the platform uses a fund-of-funds setup, multiple expense layers are built into each portfolio.
While the total compensation is disclosed, the structure may incur higher costs than DIY index strategies.
Investors focused strictly on price may prefer a model with fewer built-in fees and direct control over fund selection.
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How Matson Money Compares to Other Asset Management Companies
| Company | Investment Philosophy | Minimum Investment | Fee Structure | Fiduciary Status | Distribution Model | Primary Client Type | Asset Allocation Approach |
|---|---|---|---|---|---|---|---|
| Matson Money | Evidence-based, long-term investing via financial advisors | No set minimum; $50,000 suggested for full access | 0.50%–2.00% annually (AUM-based via co-advisors) | Yes, SEC-registered fiduciary | Through independent financial advisors (co-advisory) | Individuals, advisors, and small to mid-sized institutions | Global diversification using mutual funds and ETFs |
| Investec | Active investment management with custom strategies | Varies by product; typically higher than retail minimums | Management fees plus performance-based pricing on select products | Yes, registered/licensed in multiple jurisdictions | Direct institutional and advisory channels | High-net-worth individuals, institutions | Active management with tactical allocation adjustments |
| Fidelity Investments | Broad access with both active and passive options | $0 minimum on many retail accounts | Varies by product; includes low-cost index and managed options | Yes, through Fidelity Personal & Workplace Advisors | Direct-to-consumer and advisor channels | Retail investors, retirement plans, and advisors | Flexible, user-directed, with advisor or DIY support |
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Final Thoughts
Matson Money operates with a tightly defined process, built on academic theory and behavioral guidance.
Its structure appeals to advisors and investors seeking consistency over prediction, and its platform is most useful when aligned with long-term planning.
The firm does not serve every need, and investors who want flexibility or direct portfolio control may find the structure limiting.
However, for those aligned with its process, the system offers a repeatable approach supported by trained professionals and a defined service model.
So, if you’re choosing between saving and investing, Matson Money’s structured process can guide you toward the right choice.
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Matson Money FAQs
Is Matson Money Legit?
Yes. Matson Money is a registered investment firm that has operated for over three decades. Its philosophy is grounded in economic research tied to the University of Chicago, including work from Harry Markowitz and Eugene Fama.
Markowitz served on the firm’s academic board. Matson’s advisory system, including the American Dream Experience and advisor training sessions, reflects a consistent commitment to behavioral education and long-term investing principles.
How Do Independent Financial Advisors Work With Matson Money?
Independent advisors enter into a master co-advisory agreement with Matson, giving Matson responsibility for managing accounts tied to Matson-advised portfolios.
This setup allows financial professionals to focus on planning, communication, and business development while Matson handles the investment structure.
Is Matson Money a Fiduciary?
Matson is a federally registered investment advisor in the U.S. and a portfolio manager in select Canadian provinces.
In both cases, it has a legal fiduciary responsibility to act in the best interest of clients and their assets.
This applies only to the portion of investments held within Matson-managed portfolios and does not extend to services outside the co-advisory agreement.
Where Is My Money Held?
Client funds are held with independent custodians. Matson does not maintain custody of client securities or cash.
Investors receive reporting from both the custodian and Matson to track account activity and portfolio performance.
How Does Matson Money Pick Stocks?
Matson does not engage in stock selection. The firm views stock-picking as speculative and instead builds portfolios using structured mutual funds and ETFs.
These portfolios diversify across thousands of companies and multiple countries. Each client’s asset allocation is tailored during the account-opening process and based on risk tolerance and time horizon.
These investments are reviewed regularly but remain grounded in the same academic framework across market cycles.
