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Best Financial Advisors in Little Rock

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Little Rock, AR
  • 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
Google
3.2 / 5 (15)

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
––

Price: Free consultation

Applied Capital logo
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Applied Capital

415 North McKinley Street, Little Rock, AR 72205
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Tax Planning

Business Description

Applied Capital is a fiduciary financial advisor that services Little Rock. It uses a personalized and academic-based approach in helping clients implement long-term financial plans. The financial planning services it offers include budgeting, retirement planning, investment management, education planning, insurance management, and estate planning. Its advisors regularly monitor and review their clients' financial health in order to plan for the next phases of their lives. Applied Capital was founded in 2013 and currently has offices in three different locations.

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)
Aptus Financial logo
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Aptus Financial

2 Van Circle, Little Rock, AR 72207
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  • Certified Financial Planner (CFP)

Business Description

Aptus Financial is an advisory firm that offers conflict-free financial planning and wealth management services to individuals, professionals, and business owners in Little Rock and other nearby areas. It helps its clients manage cash flow, risks, and contingencies. It conducts insurance reviews and basic estate planning. It also helps physicians create financial plans, make tax-efficient investments, and pay off student debts. The company has been featured in various publications such as The Wall Street Journal, the Arkansas Times, and The White Coat Investor.

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 (2)
Brown Capital Management logo
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Brown Capital Management

10816 Executive Center Drive, Little Rock, AR 72211
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Brown Capital Management is an independent registered investment advisory firm that serves private individuals and business owners in Little Rock and surrounding areas. Its president, Johnny Brown, has been in the investment industry since 1999. He is a Certified Financial Planner who has eight years of experience as an equity analyst. This helped him develop his skill in valuing investments. He and the company's team of financial advisors provide clients with services like retirement planning, wealth management, financial planning, and life insurance.

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 (9)

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
ClientFirst Wealth Management logo
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ClientFirst Wealth Management

1501 North University Avenue, Little Rock, AR 72207
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

ClientFirst Wealth Management is a fee-only registered investment advisor and fiduciary that caters to clients in Arkansas. Established in 2007, this firm offers different services, such as financial planning, investment management, and retirement income strategies, including customized portfolios of tax-free municipal bonds. It works with the clients by discovering their goals and risk tolerance prior to making recommendations. Its founder and president, Edward P. Mahaffy worked as a portfolio manager, independent branch manager, and vice-president of different companies prior to starting this firm.

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
––
Fiduciary Wealth Management logo
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Fiduciary Wealth Management

1501 North University Avenue, Little Rock, AR 72207
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  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

Fiduciary Wealth Management is an independent firm offering comprehensive financial planning strategies and wealth management to individuals and business owners in Little Rock. Its services include income planning, estate planning, benefits plan optimization, investments, asset management, and Social Security assistance. Its staff uses state-of-the-art planning techniques and tools to incorporate investments appropriate to its clients' needs. The company's president, Rocklin Senavinin, is a member of the National Association of Personal Financial Advisors. Furthermore, he has contributed to the Arkansas Business and The Wall Street Journal.

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)
Financial Decisions, Inc. logo
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Financial Decisions, Inc.

10825 Financial Centre Parkway, Little Rock, AR 72211
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  • Estate Planning
  • Retirement Planning

Business Description

Financial Decisions, Inc. is a wealth management firm that has been serving the residents of Little Rock and the surrounding areas for more than two decades. It helps clients develop their financial road maps through comprehensive financial planning and investment management services. President Karron E. Wages has served on the board of directors of the Financial Planning Association of Arkansas. She and Financial Decisions, Inc. were featured as the cover story of Financial Advisor Magazine in 2007.

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
GenWealth Financial Advisors logo
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GenWealth Financial Advisors

900 South Shackleford Road, Little Rock, AR 72211
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  • Certified Financial Planner (CFP)

Business Description

GenWealth Financial Advisors serves clients in Little Rock and its surrounding areas. The firm also works with LPL Financial, LLC, and specializes in investment, asset protection, financial, retirement, and estate planning. Financial advisors John Shrewsbury and Janet Walker are the owners of the firm. Janet uses her background as a teacher to educate her clients about financial freedom. John, meanwhile, has been helping individuals develop their financial programs and plans for retirement for over two decades.

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
Ifrah Financial Services logo
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Ifrah Financial Services

17300 Chenal Parkway, Little Rock, AR 72223
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  • Certified Financial Planner (CFP)

Business Description

Ifrah Financial Services is a firm that serves clients in Little Rock. It caters to individuals, families, trustees, and institutions. It provides financial planning, investment management, and portfolio management services. The firm implements, tracks, and reports its clients' former and current financial statements. Ifrah Financial Services was previously named as the third-largest advisory firm in Arkansas by Arkansas Business in 2005. One of its founders, Patrick Ifrah, has over 25 years of experience in the industry.

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
Independent Financial Advisors, Inc. logo
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Independent Financial Advisors, Inc.

8412 Counts Massie Road, North Little Rock, AR 72113
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  • Certified Financial Planner (CFP)

Business Description

Independent Financial Advisors, Inc., is an investment company that has been serving clients in Little Rock and the surrounding communities since 1994. Its team of financial advisors customizes individual retirement accounts, 401(k) plans, and estate plans. It also provides investment management services, including equity mutual funds and non-equity investments. In addition, the company's president, Ray Veach, is a former president of the Maumelle Chamber of Commerce. He also holds a Personal Financial Specialist designation from AICPA.

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
Mac Barnes logo
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Mac Barnes

10800 Financial Centre Parkway, Little Rock, AR 72211
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Mac Barnes is a Certified Financial Planner based in Little Rock. He provides families, retirees, and medical professionals with comprehensive financial plans for their retirement, estate, and business. He also helps his clients with their child's education funding. Barnes is working for Northwestern Mutual, an investment advisory and brokerage services provider that has been in business for over 160 years. Northwestern Mutual was named among the Top 10 U.S. Independent Investment Broker-Dealers by the Financial Advisor magazine and Investment News in 2021.

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
Meridian Investment Advisors logo
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Meridian Investment Advisors

11300 Cantrell Road, Little Rock, AR 72212
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  • Retirement Planning

Business Description

Meridian Investment Advisors is a firm located in Little Rock. This independently owned and operated business offers investment management and retirement plan services. As an independent firm, it can provide customized vendor partners, investment options, and features for its client's retirement plans. The firm manages more than $500 million for retirement plans, foundations, and high-net-worth families. Founded in 1977, Meridian Investment Advisors was initially an investment subsidiary of First Variable Life Insurance Company. In 1983, the firm became a separate company.

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 (9)

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 Arkansas Financial Group Inc. logo
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The Arkansas Financial Group Inc.

1001 North University Avenue, Little Rock, AR 72207
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

The Arkansas Financial Group Inc. serves the Little Rock metro and its surrounding communities. Established in 1985, it is a fiduciary firm that caters to doctors and professionals and provides them with comprehensive financial planning and advisory services. These include investment management, retirement planning, asset management, and retirement income management. The Arkansas Financial Group has received recognition from the Worth Magazine and the Medical Economics Magazine. The firm’s CEO, Rick Adkins, is a Certified Financial Planner and a Chartered Financial Consultant.

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 (2)
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
Wealth Management logo
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Wealth Management

2311 Biscayne Drive, Little Rock, AR 72227
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  • Certified Financial Planner (CFP)

Business Description

Wealth Management provides financial advisory solutions to the residents of Little Rock and the surrounding areas. It assists clients with eliminating debt and growing their wealth through services such as financial planning, retirement planning, estate planning, and tax planning. Additionally, it helps with managing clients' investment portfolios. CEO Robert J. Holdford has been working in the financial services industry for more than three decades. Wealth Management has been featured in Forbes, Barron's Advisor Hall of Fame, and InvestmentNews' Icons & Innovators.

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 (2)

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
WealthPath Investment Advisors logo
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WealthPath Investment Advisors

2228 Cottondale Lane, Little Rock, AR 72202
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  • Private Wealth Advisor
  • Retirement Planning

Business Description

WealthPath Investment Advisors is an independent investment advisory firm that serves clients from the Little Rock area. It caters to businesses and families in the local community and other areas of Arkansas and Virginia. It was established in 2011. The firm mainly deals with insurance and investment needs for individuals and company retirement plans. Since 2015, it has been a part of Pensionmark Financial Group, which gives it the resources of a nationwide firm. The firm's managing partner Clay Kendall is a Chartered Financial Analyst.

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 (2)

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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