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Best Financial Advisors in Scottsdale

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Intelligent Capitalworks logo
FEATURED
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License Verified:

License: 135081

Investment Adviser Public Disclosure Database, SEC

Intelligent Capitalworks

16427 N Scottsdale Rd, Suite 350, Scottsdale, AZ 85254
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

Intelligent Capitalworks delivers fiduciary services to help clients in Scottsdale and nearby areas improve their financial well-being. Its wealth management advisors assist individuals and families with investment management, retirement planning, and estate planning. Guided by multi-disciplinary skillsets and over 40 years of combined experience, the team coaches clients on building financial skills, assesses their goals and needs, and develops wealth optimization strategies. Vincent Rossi, the company's president, is a member of the 2022 Forbes Finance Council.

License Verified:

License: 135081

Investment Adviser Public Disclosure Database, SEC

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)

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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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SmartAdvisor by SmartAsset logo
FEATURED
Free consultation

SmartAdvisor by SmartAsset

Scottsdale, AZ
  • 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

Alpha Fiduciary logo
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Alpha Fiduciary

20645 North Pima Road, Scottsdale, AZ 85255
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  • Estate Planning
  • Retirement Planning
  • Tax Planning

Business Description

Alpha Fiduciary is a wealth management company serving clients in Scottsdale and the surrounding areas. It provides total wealth management, financial planning, investment management, and retirement solutions. Its management process comes with four steps: discovering needs, defining wealth plans, building investment plans, and reviewing wealth plans. Alpha Fiduciary aims to guide clients and keep their wealth plans on track by providing periodic performance reports, ad-hoc portfolio reviews, on-demand reports, family meetings, and educational events and newsletters.

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 (5)

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We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
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American Retirement Advisors logo
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American Retirement Advisors

8501 East Princess Drive, Scottsdale, AZ 85255
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  • Retirement Planning

Business Description

American Retirement Advisors is a company that has been serving Scottsdale and nearby areas since 2001. Its services focus on cornerstones like long-term care, health insurance, and retirement, life, and legacy planning. The advisory firm also hosts educational workshops on social security, Medicare, and retirement to help families and individuals determine retirement needs. Founder and CEO David P. Schaeffer has been in the industry for over three decades.

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.
4.5
Google
5.0 / 5 (6)

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ARQ Wealth Advisors logo
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ARQ Wealth Advisors

14500 North Northsight Boulevard, Scottsdale, AZ 85260
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

ARQ Wealth Advisors helps Scottsdale clients achieve their desired financial situation through strategic planning and expert guidance. The fiduciary firm utilizes a team-based approach in addressing the client’s situation. It identifies the client’s retirement and financial goals in building a customized financial plan. The firm’s wealth management includes portfolio management, periodic review, and tax-efficient strategy. Likewise, its investment management service encompasses investment and retirement accounts strategies. ARQ Wealth Advisors has over $384 million assets under management.

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 (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.
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Bay Street Capital Holdings logo
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Bay Street Capital Holdings

4111 N Drinkwater Blvd, Scottsdale, AZ 85251
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Business Description

Bay Street is a black-owned business founded in Palo Alto that also serves clients in Scottsdale. It handles wealth management and investment advisory services. Additionally, it provides financial planning solutions for individuals and families. Its founder, William Huston, is an Accredited Investment Fiduciary and serves as the Bay Area President for the National Association of Securities Professionals. Additionally, Bay Street's Director of Planning, Ekenna Anya-Gafu, is a Certified Financial Planner. The company's team also holds several accredited designations, including CFA®, CFP®, AIF®, and AAMS®.

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
4.8 / 5 (37)
Google
5.0 / 5 (26)

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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Bayntree Wealth Advisors logo
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Bayntree Wealth Advisors

7001 North Scottsdale Road, Scottsdale, AZ 85253
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  • Retirement Planning
  • Tax Planning

Business Description

Bayntree Wealth Advisors is a financial advisory and wealth management firm catering to clients in Scottsdale. It offers a range of risk management solutions, including life insurance planning, social security planning, and retirement income maximization strategies. Additionally, the firm provides guidance on asset protection and tax strategies. Its founder, Andrew Rafal, is a member of the National Association of Insurance and Financial Advisors and Ed Slott's Elite IRA Advisor Group. He has been in the industry for almost 15 years.

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
4.6 / 5 (51)
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
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IQ Wealth Management logo
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IQ Wealth Management

7702 East Doubletree Ranch Road, Scottsdale, AZ 85258
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  • Estate Planning
  • Tax Preparation
  • Tax Planning

Business Description

IQ Wealth Management helps Scottsdale residents to prepare for their retirement. The firm uses a proprietary bucketing system that simplifies the retirement plan and guides clients in allocating their assets properly. It also offers a wide range of financial planning services such as income planning, tax planning, wealth accumulation, asset protection, and long-term care protection. Founder Steve Jurich has over 20 years of experience and is the author of Amazon-best seller "Smart is the New Rich," a worry-free perspective on financial independence.

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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Jackson Roskelley Wealth Advisors logo
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Jackson Roskelley Wealth Advisors

9590 East Ironwood Square Drive, Scottsdale, AZ 85258
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Tax Preparation

Business Description

Jackson Roskelley Wealth Advisors serves women investors, business owners, and senior executives in Scottsdale. Founded in 1994, the practice offers financial strategies to balance insurance, investment, and estate and tax planning decisions. Women investors are assisted in investment management, banking and lending solutions, insurance and annuities, wealth transfer, and risk management. The firm helps with tax efficiency, cash flow, and retirement and estate planning for business owners. Senior executives are guided in making decisions related to deferred compensation plans and restricted stock.

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
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LifeManaged logo
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LifeManaged

5134 North Central Avenue, Phoenix, AZ 85012
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  • Retirement Planning
  • Tax Planning

Business Description

LifeManaged is an independent financial planning and life management firm that has been serving the residents of Scottsdale and the surrounding areas for more than 40 years. Its financial services include values and behavior analysis, asset allocation and tax planning, risk management, and spending plan creation. The firm also assists clients with investment management and retirement planning. Director of planning Ben Fredlake has been working in wealth management for more than a decade. He is a Certified Financial Planner.

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
Facebook
5.0 / 5 (7)

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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Mercer Advisors logo
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Mercer Advisors

6720 North Scottsdale Road, Scottsdale, AZ 85253
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  • Certified Financial Planner (CFP)

Business Description

Mercer Advisors is a Scottsdale-based financial planning firm. It provides a wide range of services, including investment management, tax planning, estate planning, retirement planning, and insurance solutions. Kendrick Mercer, the founder of the firm, established the business as a law firm offering estate planning services. In 1985, he launched the firm as an investment advisory business. In 2019, Mercer Advisors was named one of the Top Financial Advisers by Financial Times.

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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MPB Wealth Management logo
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MPB Wealth Management

4300 North Miller Road, Scottsdale, AZ 85251
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  • Certified Financial Planner (CFP)

Business Description

MPB Wealth Management is a financial planning firm serving Scottsdale and the neighboring communities. It provides personal financial planning services, including cash flow and contingency planning, investment planning, retirement planning, and tax-efficient investment planning. The firm also offers services for businesses, such as estate analysis, investment planning, and asset accumulation management. Principal of the firm Michael Black is a lecturer on financial topics locally, nationally, and internationally. He has been featured in various publications, including Forbes Money and the Wall Street Journal.

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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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Scottsdale Wealth Planning logo
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Scottsdale Wealth Planning

7033 East Main Street, Scottsdale, AZ 85251
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  • Certified Financial Planner (CFP)

Business Description

Scottsdale Wealth Planning is a financial advisory firm that serves the metro and the surrounding communities. It caters to different types of clients, including business owners, doctors, entrepreneurs, and engineers. It helps individuals achieve their financial and retirement goals by offering wealth planning services. It works in a three-step process that includes the discovery meeting, plan presentation and mutual commitment, and the 45-day follow-ups and meetings. Paul Ohanian, the firm's CEO, is a Certified Financial Planner with over 30 years of experience.

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
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Silverhawk Private Wealth logo
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Silverhawk Private Wealth

21090 North Pima Road, Scottsdale, AZ 85255
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  • Estate Planning

Business Description

Silver Hawk Private Wealth serves Scottsdale and nearby areas. This wealth management firm offers asset protection and management, tax advisory, benefits consulting, and medical financial advisory services. Its team helps reduce taxable income, increase capital within the business, and preserve net worth. Silver Hawk Private Wealth works with different kinds of clients such as high-net-worth individuals, physicians, tax lawyers, and CPAs. Its executive team consists of Paul J. Mershon and Joe Laux, who are both Certified Financial Planners. Joe is also a Certified Exit Planning Advisor.

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 (7)
Facebook
5.0 / 5 (5)

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
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Detail
Strategic Wealth Advisors logo
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Strategic Wealth Advisors

9375 East Shea Boulevard, Scottsdale, AZ 85260
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  • Certified Financial Planner (CFP)

Business Description

Strategic Wealth Advisors is a family-owned business based in Scottsdale. It offers customized and personalized services for its clients, from overall financial education to investment management and wealth management. It also provides services such as retirement planning, estate, trust and charitable planning, life transition consulting, and cash flow planning and budgeting. Strategic Wealth Advisors was founded by Laurie Bagley in 1998. Prior to this, Bagley served as a senior portfolio manager and vice-president at JP Morgan.

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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Summit Wealth Group logo
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Summit Wealth Group

14500 North Northsight Boulevard, Scottsdale, AZ 85260
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  • Certified Financial Planner (CFP)

Business Description

The Summit Wealth Group caters to the Scottsdale community's financial planning and investment management needs. Its financial advisors also handle retirement planning, college planning, lifestyle coaching, risk management, and estate planning. Its team also offers advisory services, cash flow strategy, and tax planning for businesses. Summit Wealth Group's Scottsdale branch was founded by Randy Morris in 2014. He was recognized by Forbes Magazine as one of Arizona's best in-state wealth advisors for four straight years, from 2018 to 2021.

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 (13)
Facebook
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
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Trajan Wealth logo
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Trajan Wealth

Scottsdale, AZ 85258
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Business Description

Trajan Wealth has offices in Salt Lake City, Tucson and Scottsdale. The firm offers comprehensive wealth management services and investment annuity products. Typical services include tax preparation and planning, Social Security strategies, retirement planning, income planning, 401(k) planning, trust management, will execution, and insurance options. The wealth management plans address stock and bond management, annuities, income planning, estate planning, deeds, and 401(k) planning for business owners. The firm offers tax preparation and planning solutions to business owners to reduce tax liability through deductions and incentives.

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
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Wealth Management Solutions logo
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Wealth Management Solutions

8550 East Shea Boulevard, Scottsdale, AZ 85260
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  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

Wealth Management Solutions is a Scottsdale-based financial advisory firm that provides fiduciary financial planning and investment services to families, retirees, business owners, and corporate executives. It evaluates various types of insurance and handles risk management procedures. It works with CPAs to develop and implement tax strategies. The company handles estate planning by coordinating beneficiary designations, handling legal documents, and implementing its clients' charitable goals. It also designs strategies using investment processes and principles backed by research and testing by four Nobel prize winners in Economics.

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 (7)

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.
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WealthPlan Advisors logo
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WealthPlan Advisors

8777 North Gainey Center Drive, Scottsdale, AZ 85258
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Wealthplan Advisors is an independent registered investment advisory firm based in Scottsdale that serves corporations and individuals across five states. The main areas of concentration for individuals are wealth management, financial planning solutions, and retirement income management. Corporations can avail themselves of employee benefits package designs, including 401(k), 403(b), defined benefit, and non-qualified retirement plans. Company principal Rick Horton is a Certified Financial Planner and an investment consultant who has been part of the financial services industry since 1985.

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