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Best Financial Advisors in Hoover

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Hoover, AL
  • Estate Planning
  • Investment Management
  • Financial Planning
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Price: Free consultation

Bridgeworth Wealth Management logo
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Bridgeworth Wealth Management

101 25th Street North, Birmingham, AL 35203
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  • Certified Financial Planner (CFP)

Business Description

Bridgeworth Wealth Management caters to individuals, families, and businesses in Hoover and the surrounding areas. It helps customers prepare themselves financially for life transitions like a child going to college or having a new baby by developing a financial plan that matches their needs and objectives. It also assists clients with investment management, cash flow analysis, and estate planning. Patti B. Black, one of the company's financial planners, has been featured in national publications like Forbes and U.S. News & World Report.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (38)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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Detail
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Capstone Financial Group, LLC logo
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Capstone Financial Group, LLC

3500 Blue Lake Drive, Suite-290, Birmingham, AL 35243
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  • Financial Planning

Business Description

Capstone Financial Group, LLC, has been serving individuals, families, and businesses in Hoover since 2009. It helps clients in pursuing their financial goals through wealth accumulation, income preservation, and asset protection strategies. The firm also offers financial products, such as insurance and annuities. Each of the firm's associates has experience as a business owner before becoming a financial advisor. The owner, H. Douglas Ingram, is licensed to practice as a financial advisor in several states, including Georgia, Florida, and Kentucky.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Friendliness
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Detail
Equitable Advisors - Tom Chapman logo
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Equitable Advisors - Tom Chapman

201 Office Park Dr, Suite 100, Birmingham, AL 35223
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Equitable Advisors - Tom Chapman offers customized financial guidance to the locals of Hoover and the surrounding areas. Chapman assists his clients in achieving a stable financial future by providing services such as retirement planning, long-term care insurance, fixed and variable annuities, estate conservation strategies, business planning, and asset allocation strategies. He works side-by-side with his clients in implementing strategies and reviewing alternatives. Chapman, a Certified Financial Planner, has been in the financial industry since 2005.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Frank Chappelle & Co., Inc. logo
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Frank Chappelle & Co., Inc.

2501 20th Place South - Suite 300, Birmingham, AL 35223
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  • Retirement Planning

Business Description

Frank Chappelle & Co., Inc., helps individuals, families, small and medium-sized businesses, and professional groups in Hoover in building and preserving wealth. It gives investment advice, educating its clients on how to diversify and balance their portfolios. Its advisors guide them in handling mutual funds, stocks, bonds, electronically traded funds, and trusts. In addition, they provide options for life and disability insurance. President Ramsey Reich is a former corporate banking trust officer with experience in retirement and fiduciary investing.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
GrandView Financial Group, LLC logo
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GrandView Financial Group, LLC

3168 Cahaba Heights Road, Birmingham, AL 35243
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

GrandView Financial Group, LLC, is an advisory firm that serves clients in Hoover. It recommends financial strategies to help individuals manage debt and monitor spending. The firm also designs an estate plan and coordinates with an attorney to set up documents like trusts and wills. Its other services include insurance and investment planning. The firm's CEO, Robert Straka, is the former Alabama Chapter president of the International Association for Financial Planning. He taught students about investments as a faculty member at Birmingham-Southern College.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
McClellan Wealth Management logo
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McClellan Wealth Management

800 Shades Creek Pkwy., Suite 310, Birmingham, AL 35209
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  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Business Description

McClellan Wealth Management is a boutique financial planning firm that serves clients residing in Hoover and its neighboring areas. Its financial advisors assist individuals in identifying their long-term goals, locating financial resources, and eventually developing a plan that suits their unique financial situations. They also utilize investment strategies and wealth management processes that matches their clients' financial plans. McClellan Wealth Management's owner, Josh Slocum, is a Certified Financial Planner and an Accredited Investment Fiduciary.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (7)
Meld Financial logo
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Meld Financial

3008 Pump House Road, Birmingham, AL 35243
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  • Financial Planning
  • Wealth Management

Business Description

Meld Financial is an independent firm that serves Hoover and the surrounding areas. Its team helps clients develop their Financial Fingerprint™, which involves developing plans that have minimal tax exposure and can be modified as situations change. The financial planners also help clients prepare for retirement by evaluating the interactions between their spending, savings, and income. Meld Financial was established in 1984 by Mark McGarvey, who has over 40 years of industry experience. He is a Certified Financial Planner and Chartered Life Underwriter.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Money Management Services, Inc. logo
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Money Management Services, Inc.

3410 Independence Drive, Birmingham, AL 35209
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  • Certified Financial Planner (CFP)

Business Description

Money Management Services, Inc. is a firm that offers comprehensive wealth management services in Hoover and the nearby metros. Its process starts by assessing the financial profile and goals of its clients, followed by recommending strategies for college funding, retirement planning, taxes, and accumulation of wealth. This financial planning firm was co-founded by Donald Rice in 1992. Rice has been featured in publications like the Bloomberg News Magazine, the Investment News, and the Birmingham News.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (11)
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
OneAscent Wealth logo
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OneAscent Wealth

23 Inverness Center Parkway, Birmingham, AL 35242
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  • Finance Planning

Business Description

OneAscent Wealth is a company that caters to individuals, families, and businesses in Hoover and the nearby communities. It offers an assortment of options for individual investors, including financial planning, investment management, tax and estate planning, legacy coaching, and retirement planning. The firm also handles services like retirement plan design and implementation, institutional coaching, and benefits consulting for its institutional investors. OneAscent Wealth was established in 2017 by Harry Pearson, a Certified Financial Planner and Chartered Retirement Planning Counselor.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (10)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Sunburst logo
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Sunburst

600 Vestavia Parkway Suite 100 Box 42, Vestavia Hills, AL 35216
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  • Retirement Planning
  • Investment Management
  • Financial Planning

Business Description

Sunburst is a firm that has been serving Hoover and surrounding communities since 2005. It helps individuals in implementing a financial plan by assessing their liabilities, assets, and cash flow. Its team of professionals also applies adjustments to a plan when necessary and constantly monitors the economic environment to keep clients up-to-date with their short-term and long-term goals. The firm's founder, Randy Martin, is a retired Mississippi Army National Guard who utilizes his extensive background in the financial services industry in crafting customized financial plans.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The Piedmont Group logo
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The Piedmont Group

1143 1st Ave S Suite 107, Birmingham, AL 35233
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  • Certified Financial Planner (CFP)

Business Description

Founded in 2005, The Piedmont Group is a financial advisory firm that caters to individuals, families, and businesses in the Hoover area. It helps clients protect their wealth and secure their financial future by providing them with retirement planning, investment management, estate and wealth transfer planning, risk management and insurance, cash flow analysis, and education planning services. Jonathan M. Constant, one of the professionals from the company, has earned the CRPC designation and previously held a leadership position in NAIFA.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
The Welch Group logo
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The Welch Group

3940 Montclair Road, Fifth Floor, Birmingham, AL 35213
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  • Certified Financial Planner (CFP)

Business Description

The Welch Group, LLC, handles financial planning services in the Hoover area and the surrounding metro. Founded in 1984, the group performs investment management to help its clients control their financial future and retirement. The Welch Group specializes in tax planning, estate planning, P & C insurance, long-term care insurance, and fraud and ID theft protection. The company is composed of Chartered Financial Analysts, Certified Financial Planners, Accredited Estate Planners, lawyers, and MBA degree holders.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Facebook
4.8 / 5 (33)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Timberchase Financial LLC logo
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Timberchase Financial LLC

31 Inverness Center Parkway, Hoover, AL 35242
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  • Certified Financial Planner (CFP)

Business Description

Timberchase Financial LLC is a wealth management and financial planning firm that has been serving clients in Hoover and nearby areas for more than a decade. The firm's financial advisors begin the process with a discovery meeting that involves the discussion of clients' current financial situation. They also develop a personalized proposal that allows clients to regain control of finances. In addition, they have a range of wealth management services that include investment management, tax mitigation, asset protection, and charitable giving.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Willow Private Wealth logo
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Willow Private Wealth

1400 Urban Center Drive, Suite 475, Vestavia Hills, AL 35242
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  • Financial Planning

Business Description

Willow Private Wealth handles financial planning for clients in Hoover and the surrounding areas. This company helps individuals secure their finances and prepare for their future needs by offering various financial planning solutions. These include investment management, insurance planning, and tax-advanced financial strategies. It also assists clients who wish to transfer their wealth to their beneficiaries through estate planning. One of the company's partners, Casey Marshall, specializes in creating financial plans for medical professionals and retired individuals.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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