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Best Financial Advisors in Long Beach

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Long Beach, CA
  • Estate Planning
  • Financial Planning
  • Investment Management
  • 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
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Price: Free consultation

Advisor Resource Group logo
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Advisor Resource Group

4622 Katella Avenue, Los Alamitos, CA 90720
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  • Estate Planning
  • Certified Financial Planner (CFP)

Business Description

Advisor Resource Group is a team of financial advisors in Long Beach. This business has clients from different fields such as dentists, doctors, money managers, CPAs, and attorneys. The team also helps out in matters of insurance, investments, and estate planning. Christopher Caira, one of the financial advisors in this office, has over a decade of experience helping clients with tax management strategies and retirement planning. He has been a Million Dollar Round Table member since 2005. He is a certified fund specialist.

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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Auspex Capital logo
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Auspex Capital

6 Centerpointe Drive, La Palma, CA 90623
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  • Estate Planning
  • Tax Preparation
  • Tax Planning

Business Description

Auspex Capital provides financial advisory and investment banking services to restaurant industry entrepreneurs in Long Beach. With over 100 years of transaction experience and industry knowledge, its team provides services, including Buy-Side M & A advisory, debt structuring and placement, and financial and strategic advisory services. Furthermore, Auspex Capital has a track record of success in crafting solutions for franchisees. It also collaborated with national brands such as Wendy's, Taco Bell, KFC, and Burger King.

Cerda Muñoz Advisors logo
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Cerda Muñoz Advisors

10810 Paramount Boulevard, Downey, CA 90241
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

Cerda Munoz Advisors is a wealth management company that assists individuals, families, retirees, medical professionals, and business owners in Long Beach. One of the services it offers is financial planning which involves providing recommendations concerning taxes, cash flow, insurance, and retirement. In addition, the firm provides investment management assistance which covers an analysis and review of clients' objectives and risk tolerance. Company co-founder Gilbert Cerda is a CFP with over 20 years of experience who specializes in investments and taxes.

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
Yelp
5.0 / 5 (20)

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
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Detail
CLG Wealth Management logo
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CLG Wealth Management

4821 2nd Street, Long Beach, CA 90803
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  • Certified Financial Planner (CFP)
  • Tax Planning

Business Description

CLG Wealth Management is a full-service firm that serves Long Beach residents and businesses. Its scope of work includes financial, insurance, and tax planning. The firm's staff can also provide clients with financial advice and help them develop investment programs. In addition, it can help clients plan for retirement by making strategies that consider their investment portfolio and overall retirement plan. The firm's regional director, John Cartwright, has over 50 years of experience in the financial advisory 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
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Crux Wealth Advisors logo
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Crux Wealth Advisors

3444 East Anaheim Street, Long Beach, CA 90804
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  • Certified Financial Planner (CFP)

Business Description

Headquartered in Long Beach, Crux Wealth Advisors is an independent firm providing financial planning and investment management services. Its advisors work with clients to create and implement financial plans that are aligned with their goals. They also assist in asset preservation and reallocation, longevity planning, proper account titling and beneficiaries, multigenerational wealth transfer, and charitable giving. Crux Wealth Advisors gives back to the community by supporting organizations such as Habitat for Humanity, Big Brothers Big Sisters of America, and the American Cancer Society.

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 (17)

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
––
First Financial Equity Corporation logo
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License Verified:

License: 16507

Investment Adviser Public Disclosure Database, SEC

First Financial Equity Corporation

6700 E. Pacific Coast Highway, Suite 286, Long Beach, CA 90803
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

First Financial Equity Corporation provides services to clients in Long Beach and the surrounding areas. It uses a goal-based managed platform to help individuals manage their wealth, prevent emotion-driven investing, and achieve financial security. The company has offices in Arizona, Wyoming, Texas, Colorado, Ohio, and Kansas. Its president, Jeff Graves, has been working in the financial industry for over three decades. Before working at the company, he served as managing director of private wealth management at Morgan Stanley.

License Verified:

License: 16507

Investment Adviser Public Disclosure Database, SEC

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
Goldman Lancaster, Inc. logo
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Goldman Lancaster, Inc.

301 East Ocean Boulevard, Long Beach, CA 90802
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  • Certified Financial Planner (CFP)

Business Description

Goldman Lancaster, Inc., is a financial advisory company that helps residents of Long Beach and the surrounding communities reach their financial goals. The group of financial advisors offers retirement wealth management and other comprehensive services to individuals and business owners. Aside from retirement planning, the consultancy also handles client portfolio management, risk management, financial and estate planning, and business continuity planning. Goldman Lancaster's two principals have been partners for almost 30 years and have a combined financial planning experience of 60 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.
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
Halbert Hargrove logo
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Halbert Hargrove

111 West Ocean Boulevard, Long Beach, CA 90802
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  • Estate Planning
  • Retirement Planning
  • Tax Planning

Business Description

Halbert Hargrove is a financial advisory firm serving Long Beach clients. The firm integrates the client’s interests and needs in establishing their financial picture. It builds the client’s investment portfolio by utilizing its propriety practices and expert resources. The firm also assists in managing concentrated stocks. Retirement and estate planning services are likewise available. CNBC ranked Halbert Hargrove as one of the top-rated financial advisory firms of 2020. The Los Angeles Business Journal also described the firm as one of the best workplaces 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
JC Financial Planning & Investments LLC logo
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License Verified:

License: 142703

Investment Adviser Public Disclosure Database, SEC

JC Financial Planning & Investments LLC

445 Ultimo Ave, Long Beach, CA 90814
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  • Certified Financial Planner (CFP)

Business Description

JC Financial Planning & Investments LLC is an independent advisory firm located in Long Beach. It caters to individuals and small businesses, providing financial planning and investment management solutions. Its agents develop financial strategies by examining the client's current situation, establishing monetary objectives, and monitoring their progress. They equip them with industry knowledge to make informed decisions and stay on track to meet their goals. The firm's managing member, Juerg Ciceri, is a Certified Financial Planner and a member of the FPA.

License Verified:

License: 142703

Investment Adviser Public Disclosure Database, SEC

Kensington Investment Counsel logo
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License Verified:

License: 108012

Investment Adviser Public Disclosure Database, SEC

Kensington Investment Counsel

444 West Ocean Boulevard, Suite 1618, Long Beach, CA 90802
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  • Estate Planning
  • Insurance Products

Business Description

Kensington Investment Counsel is an independent advisory firm that provides customized services for individuals in Long Beach. The firm, led by managing partner Jeff Wimbish, offers investment solutions, including portfolio management, holdings monitoring, and investment strategy creation. Its investment specialists assist in large-cap core portfolio investing, assess client risk tolerance, and manage investment opportunities. Wimbish has been managing the firm since 2000. He is a member of the Estate Planning and Trust Council of Long Beach.

License Verified:

License: 108012

Investment Adviser Public Disclosure Database, SEC

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
LA Wealth Managemennt logo
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LA Wealth Managemennt

100 West Broadway, Long Beach, CA 90802
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  • Retirement Planning
  • Insurance Products

Business Description

LA Wealth Management is a financial advisory firm that has been catering to clients in Long Beach and other communities since 2017. It specializes in providing college, insurance, long-term care and legacy, retirement, and small business retirement planning services. Its college services include qualified tuition programs, UGMA/UTMA, and ESA. Laurie Allen, the founder of the firm, is a Certified Financial Planner who has been working in the financial industry since 2008. The firm also supports 'Together We Rise' which helps improve foster children's lives.

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
Yelp
5.0 / 5 (5)
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
Lederer & Associates Investment Counsel logo
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License Verified:

License: 110376

Investment Adviser Public Disclosure Database, SEC

Lederer & Associates Investment Counsel

5305 East 2nd Street, Suite 201, Long Beach, CA 90803
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  • Private Wealth Advisor

Business Description

Lederer & Associates Investment Counsel offers financial advising solutions to clients in the Long Beach metro. It provides fixed-income, managing equity, and balanced portfolio management services for individuals, estates, corporations, and charitable organizations. It also serves clients needing pension and profit-sharing plans, such as IRAs and self-directed 401(k)s. Its team also creates equity strategies using qualitative and quantitative analysis to evaluate clients' investment securities. The company has over three decades of experience in the financial industry.

License Verified:

License: 110376

Investment Adviser Public Disclosure Database, SEC

Life Dreams Wealth Consulting Group logo
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License Verified:

License: 2603825

Investment Adviser Public Disclosure Database, SEC

Life Dreams Wealth Consulting Group

444 West Ocean Boulevard Suite 910, Long Beach, CA 90802
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  • Certified Financial Planner (CFP)

Business Description

Life Dreams Wealth Consulting Group caters to customers in Long Beach and the surrounding communities. It serves a diverse clientele, including accumulators, business owners and entrepreneurs, matriarchs, and providers. It helps clients build wealth, preserve their assets, and protect their loved ones through financial planning. It provides investment and wealth management coaching and retirement planning. Lawrence Wimsatt, the owner, has nearly 20 years of experience in the industry. He holds the Certified Financial Planner designation.

License Verified:

License: 2603825

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
Linda A. Walker, CFP logo
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License Verified:

License: 717509

Investment Adviser Public Disclosure Database, SEC

Linda A. Walker, CFP

1 World Trade Center, 8th Floor, Long Beach, CA 90831
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  • Retirement Planning

Business Description

Linda A. Walker, CFP, provides financial advice to individuals in the Long Beach community. She has been in the industry for over two decades, providing financial and tax planning and investment management solutions. She focuses on understanding clients' goals and creating a strategy to achieve them. Linda presents clients with an analysis of their accounts and provides recommendations to protect and grow their wealth. She also offers insurance products, including life, disability income, and long-term care coverage.

License Verified:

License: 717509

Investment Adviser Public Disclosure Database, SEC

LPL Financial logo
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LPL Financial

5000 East Spring Street, Long Beach, CA 90815
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  • Estate Planning

Business Description

LPL Financial is a team of financial advisors in the Long Beach metro. This firm helps clients with allocating their assets, managing their investments, and planning for their education. Its advisors also guide on retirement planning and estate conservation. The professionals of this team have a combined experience of 40 years. Jerry Sheby, an LPL Financial advisor, is a Certified Financial Planner™. He is also a member of the Financial Planning Association Los Angeles Chapter.

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
––
Prince Financial & Insurance Services logo
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Prince Financial & Insurance Services

444 W Ocean Blvd Ste 1102, Long Beach, CA 90802
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Business Description

Prince Financial & Insurance Services operates throughout the Long Beach, California, metro area, providing all lines of insurance from personal auto and home policies to commercial packages to life and group health plans. Its agents act as educators, advocates, and negotiators, managing small and large policies for individual vehicles and large commercial fleets. This company regularly works with over 40 insurers, providing a large variety of rates for customized policies it assists clients with creating. Prince Financial & Insurance Services also handles homeowners insurance and business insurance for properties and assets.

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.
4.4
The Financial Planning Department Incorporated logo
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License Verified:

License: 122403

Investment Adviser Public Disclosure Database, SEC

The Financial Planning Department Incorporated

301 Isthmus, Long Beach, CA 90803
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  • Certified Financial Planner (CFP)

Business Description

The Financial Planning Department Incorporated serves individuals and business owners in Long Beach. It offers financial solutions, including retirement and estate planning, tax and investment management, wealth preservation, and insurance and annuity products. Its professionals work closely with individuals to identify their goals and develop a personalized financial program according to their situation. After establishing clients' financial goals, they customize strategies to suit objectives. The company also runs an office in San Diego.

License Verified:

License: 122403

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
Yelp
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
TSG Wealth Management logo
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TSG Wealth Management

6460 Pacific Coast Highway, Long Beach, CA 90803
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  • Retirement Planning

Business Description

TSG Wealth Management is a financial advisory firm that caters to clients in Long Beach and the surrounding areas. It offers a wide array of services, including estate planning strategy, investment advice, lending, and wealth management. In addition, the firm provides income protection as well as life and liability insurance solutions. Business advisory services, such as defined-benefit plans and recapitalization are also available. The members at TSG Wealth Management bring more than 300 years of combined experience in investment planning.

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
WealthSpring logo
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WealthSpring

5000 Airport Plaza Drive, Long Beach, CA 90815
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  • Certified Financial Planner (CFP)

Business Description

WealthSpring is a team of Certified Financial Planners with offices in Long Beach, Irvine, and San Luis Obispo. The advisory firm offers a broad range of services, from retirement planning and risk management strategy development to financial goal setting. In addition, it assists business owners in streamlining investment selection processes, meeting fiduciary obligations, and using retirement plans as retention tools. WealthSpring's managing principal, Theodore Athans, co-established the company in 2016 and leads its financial planning team. His career in the industry began in 1994.

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
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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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