Expertise.com

Best Financial Advisors in Greeley

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Financial Advisors FAQs

Learn more
SmartAdvisor by SmartAsset logo
FEATURED
Free consultation

SmartAdvisor by SmartAsset

Greeley, CO
  • 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
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
Responsiveness
Friendliness
Helpfulness
Detail
––

Price: Free consultation

Capstone Partners logo
Visit WebsiteWebsite

Capstone Partners

4101 S Taft Hill Rd e5, Greeley, CO 80526
Visit WebsiteWebsite
  • Chartered Financial Analyst (CFA)

Business Description

Capstone Partners is a financial advisory firm that serves clients in Greeley. It offers comprehensive wealth and risk management solutions that can help individuals and businesses realize their financial goals. Its financial advisors specialize in financial planning, retirement planning, investment management, estate planning, and tax management. The team caters to the financial needs of private individuals, families, the elderly, and entrepreneurs. Bryan Andersen, one of the firm's principal financial analysts, has been in the financial services industry for nearly two 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.
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
Cosner Financial Group logo
Visit WebsiteWebsite

Cosner Financial Group

204 Maple St. #104, Fort Collins, CO 80521
Visit WebsiteWebsite
  • Estate Planning
  • Retirement Planning
  • Wealth Management

Business Description

With over 30 years of experience, Cosner Financial Group helps the residents of Greeley obtain their desired lifestyle. The family-owned firm assists individuals and families in managing their wealth through financial planning. It also works on evaluating and understanding a client’s risk profile to select investments that will get them on track. Cosner Financial Group also provides cash management and employer-sponsored retirement plan services to businesses. One of the firm’s professionals, Mark Kornblau, is a CFP who has been a portfolio manager for more than 30 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
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
Guidepost Financial Planning logo
Visit WebsiteWebsite

Guidepost Financial Planning

2601 South Lemay #32, Fort Collins, CO 80525
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Guidepost Financial Planning serves clients in Greeley who need assistance in managing their finances. Its team of financial advisors helps individuals in working with several areas of their financial lives, including taxes, savings, budgeting, and retirement planning. They also guide clients regarding which investment portfolios suit their needs and goals. The financial advisors in the firm have more than 15 years of industry experience. They especially serve women, pre-retirees, and retirees and also welcome anyone regardless of income level or net worth.

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
Hinman Financial Planning logo
Visit WebsiteWebsite

Hinman Financial Planning

568 Briggs Street, Erie, CO 80516
Visit WebsiteWebsite
  • Investment Management
  • Financial Planning

Business Description

Hinman Financial Planning is a firm that has been serving Greeley since 2015. It assists individuals with their financial planning and investment needs by executing the process of gathering data, setting and analyzing goals, implementing strategies, and reviewing and adjusting the solutions. A project planning program is also available for clients who are testing the waters and considering comprehensive financial planning. The firm's founder, Raquel Hinman, is a Certified Financial Planner with over 25 years of experience guiding people who are going through major financial transitions.

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
4.5 / 5 (57)

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
Investment Center Advisor Group logo
Visit WebsiteWebsite

Investment Center Advisor Group

290 East 25th Street, Suite 100, Loveland, CO 80538
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Investment Center Advisor Group provides services to Greeley and nearby communities. It specializes in preparing financial plans to help clients manage their taxes, retirement funds, estate strategies, and college expenses. It also assists in preparing for clients' investments, including common stocks, treasury bills, government securities, variable annuity, and simple IRA. Investment Center Advisor Group carries life, long-term care, and disability income insurance products. One of its team members, Kevin Dunnigan, brings over three decades of experience in the financial services industry.

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
Keystone Financial Services logo
Visit WebsiteWebsite

Keystone Financial Services

4090 Clydesdale Pkwy, Loveland, CO 80538
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Business Description

Keystone Financial Services is an independent fiduciary wealth management firm that serves individuals, families, and small businesses from Greeley and the surrounding areas. It provides a wide range of financial planning services, including investment, estate, retirement, legacy, and tax planning. It also offers cash flow and budget solutions, which include debt management and mortgage review. Founder Josh Nelson is a Certified Financial Planner. He has been featured in CNBC, USA Today, U.S. News & World Report, and Investor’s Business Daily.

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
Level Up Financial Planning logo
Visit WebsiteWebsite

Level Up Financial Planning

6309 Sienna Dr, Timnath, CO 80547
Visit WebsiteWebsite
  • Financial Planning

Business Description

Level Up Financial Planning serves clients throughout Greeley and the neighboring communities. It is well-versed in catering to the financial planning needs of tech professionals, offering assistance in planning their finances and managing their investments and wealth. This fiduciary company offers multiple levels of service for various types of clients, from those in the early stages of their careers to techies with high-value investments. Lucas Casarez, company founder, is a Certified Financial Planner. The company has been featured on CBS News and The Street.

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
4.5 / 5 (182)
Facebook
4.5 / 5 (57)
Millennium Financial logo
Visit WebsiteWebsite

Millennium Financial

3545 W. 12th St. Suite 202, Greeley, CO 80634
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

For the last six years, Millenium Financial has been providing financial advice to clients in Greeley and the surrounding areas. Whether a client is just starting his career or already facing retirement, the firm's financial advisors can guide them in all aspects of retirement planning, estate planning, insurance plans, investment management, and tax planning. Founding partners John Roessig and Zaya Thompson are Certified Financial Planners who have over four decades of combined experience in the industry.

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)
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
MY Wealth Planners logo
Visit WebsiteWebsite

MY Wealth Planners

402 Main Street, Longmont, CO 80501
Visit WebsiteWebsite
  • Tax Planning
  • Financial Planning

Business Description

Launched in 2015, MY Wealth Planners is a fiduciary financial advisor that serves clients in Greeley and the surrounding areas. Its line of services includes wealth planning, investment management, business benefits consulting, and divorce financial analysis. Its team holds professional credentials like Certified Financial Planner, Chartered Financial Consultant, Accredited Investment Fiduciary, and Certified Divorce Financial Analyst. Founder Daniel Yerger has received numerous recognitions, including the Longmont Area Chamber of Commerce’s 2020 Building Bridges Award and the 2018 Ambassador of the Year Award.

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)
Old Town Wealth Advisors logo
Visit WebsiteWebsite

Old Town Wealth Advisors

227 S Howes Street, Fort Collins, CO 80521
Visit WebsiteWebsite
  • Retirement Planning

Business Description

Old Town Wealth Advisors serves families and individuals in the metro of Greeley. It helps clients plan for their retirement, manage their finances, and review their investment portfolios. It also helps parents plan and prepare for their children's education. Its agents discover and identify the unique goals of the clients, analyze their financial situation, develop customized plans, implement them, and monitor and review the plans accordingly. One of its agents, Paul M. Soraci, has been a financial planner and advisor for almost four 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.
4.4
Google
4.4 / 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
Responsiveness
Friendliness
Helpfulness
Detail
Retirement & Estate Advisors, Inc. logo
Visit WebsiteWebsite

Retirement & Estate Advisors, Inc.

4703 Boardwalk Drive Bldg B, Suite 1, Fort Collins, CO 80525
Visit WebsiteWebsite
  • Retirement Planning

Business Description

Retirement & Estate Advisors, Inc. is a financial firm serving clients in Greeley and nearby areas. It assists individuals and families in creating stability and security for financial independence. The firm handles retirement planning, estate planning, 529 college plans, profit-sharing strategies, charitable gifting, and legacy planning. Additionally, it offers insurance products for disability, long-term care, health, and Medicare Supplements. Retirement & Estate Advisors also provides retirement planning and money management classes conducted by its owner, Jeff Fanning. He has been in the industry since 1992.

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Shaw & Associates logo
Visit WebsiteWebsite

Shaw & Associates

1044 West Drake Road, Suite 201, Fort Collins, CO 80526
Visit WebsiteWebsite
  • Financial Planning

Business Description

Shaw & Associates provides comprehensive business and financial management solutions to clients in Greeley. With more than two decades of experience in the industry, the firm creates financial planning strategies to help clients fulfill their long-term financial objectives. It assists in tax and retirement planning and current cash flow management. The firm's CEO Kevin Shaw has been a practicing Certified Public Accountant since 1983. To give back to the community, the business supports organizations such as Realities for Children Charities and Trees Water People.

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
4.5 / 5 (57)

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
––
Strategic Financial Management, Inc. logo
Visit WebsiteWebsite

Strategic Financial Management, Inc.

1931 65th Ave B, Greeley, CO 80634
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

For over 25 years, Strategic Financial Management, Inc., has been serving individuals and families throughout Greeley. The firm provides various financial planning services, such as cash flow and debt management, estate conservation strategies, profit-sharing plans, life-changing events and implications, and financial advisory. It also handles retirement planning and investment management. Founder Randee Cook is a Certified Financial Planner and has licensed to represent clients in more than 30 U.S. states, including California, Texas, and Pennsylvania.

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.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Summit View Advisors logo
Visit WebsiteWebsite

Summit View Advisors

231 S Howes St, Fort Collins, CO 80521
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Summit View Advisors empowers the residents of Greeley to help them make better financial decisions through comprehensive financial planning, including income strategies, social security maximization, and IRA structures. It helps clients allocate assets, review investment strategies, and evaluate financial plans. The firm also provides insurance products for disability and long-term care. Summit View Advisors is an all-female financial advisors team. The firm was awarded the Best Financial Planner/Advisor by the Best of Loveland Magazine in 2019.

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
Tarantino Wealth Management logo
Visit WebsiteWebsite

Tarantino Wealth Management

419 Canyon Ave. Ste 320, Fort Collins, CO 80521
Visit WebsiteWebsite
  • Retirement Planning
  • Financial Planning

Business Description

Tarantino Wealth Management caters to individuals, families, and businesses in Greeley. It strives to help clients plan out their goals and needs, whether they involve retirement plans, insurance policies, or investments. The company provides an environment that encourages questions and opinions from clients to help them deliberate on their financial plans. Owner Michael Tarantino is a Certified Financial Planner. He started his journey in finance at the Summit Fund program during his university 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
Google
5.0 / 5 (31)

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 Master's Financial Group, Inc. logo
Visit WebsiteWebsite

The Master's Financial Group, Inc.

6500 29th Street Suite 210, Greeley, CO 80634
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

The Master's Financial Group, Inc., is a company that serves clients in Greeley. It advises individuals on various financial areas, including retirement and estate planning. The company has experience educating clients on budgeting and investing strategies. It also guides business owners in designing employee benefits packages. Its president and owner, Charles "Chuck" Cooper, has over 30 years of experience in the financial services industry. He holds a Registered Investment Advisor designation and works as a representative for the brokerage firm Securities America Inc.

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)
Trail Ridge Wealth Management logo
Visit WebsiteWebsite

Trail Ridge Wealth Management

2020 Caribou Dr. Suite 102, Fort Collins, CO 80525
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Trail Ridge Wealth Management provides financial planning and investment management in the Greeley area. Financial advisors at the firm identify clients' personal financial goals through a planning process that considers all areas of their finances, aim to reduce the expense of pursuing above-market returns, and evaluates the tax implications of investment selections. The firm also provides trust and estate planning services. Jeffrey B. Kadavy, JD, CTFA, the firm's CEO, wrote the Directed Trusts chapter of the Colorado Estate Planning Handbook's seventh edition.

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
Vital Investment Management logo
Visit WebsiteWebsite

Vital Investment Management

4045 St Cloud Drive, Loveland, CO 80538
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Vital Investment Management is a financial advisory firm that serves individuals in Greeley and nearby areas. It consults with clients to create financial plans based on their objectives. The firm manages investments with customized strategies and designs portfolios by combining technical analysis and research. Vital Investment Management is a member of the National Association of Personal Financial Advisors. Its founder, David Eads, is a Certified Financial Planner who has experience with tailored retirement 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 (3)

Professionalism:

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

Wealth Management Associates

4025 Automation Way B4, Fort Collins, CO 80525
Visit WebsiteWebsite
  • Wealth Management

Business Description

Wealth Management Associates is a company that helps Greeley clients with analyzing their financial needs, calculating their net worth, and planning their income. The firm also guides individuals with their investments including bonds, stocks, mutual funds, ETFs, and unit investment trusts. In addition, its advisors help secure clients financially by analyzing their insurance needs. Wealth Management Associates was started by Wendell Cayton in 1989. The company uses a six-step planning process when customizing a financial plan for its clients.

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
4.5 / 5 (182)

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.

Read all FAQs