What is the average amount to pay a financial advisor in Paterson?

In Paterson, a financial advisor can expect to earn a median annual salary of $64,287. Hourly rates for financial advisors can range from $200 to $400. There are a few that could have flat annual rates of $2,000 to $7,500. A financial advisor's fee could also be based on a percentage of the client's total assets.

Who needs financial advisors in Paterson?

People in Paterson who are expecting a major life event or who require more complex financial planning and advice may require the services of a financial advisor. If you lack sufficient knowledge and experience with insurance and investments, a financial advisor can assist you in making sound financial decisions. To determine whether you require the services of a financial advisor, you must assess your financial situation and consider the type of advisor who can act in your best interests.

How often should you talk to your financial advisor in Paterson?

It is generally recommended that you consult with your Paterson financial advisor at least once a year. It is critical to reassess your financial situation, including budget and investment performance, during your meeting. Additionally, when faced with major life-changing events such as divorce, marriage, or the birth of a child, it can be beneficial to seek financial advice.

What is the difference between financial advisors and investment advisors in Paterson?

The primary distinction between financial advisors and investment advisors in Paterson is the type of financial aspects they concentrate on. A financial advisor is a broad term for a professional who provides financial advice to help you manage your finances. In contrast, an investment advisor is a financial advisor who focuses on assisting clients in selecting and managing investments.

How do you know you can trust a financial advisor in Paterson?

You can look for financial advisors in Paterson who have certifications and designations like CFA, CIMA, or CFP to see if you can trust them. You can also go to FINRA BrokerCheck to get a detailed report on an advisor's qualifications, employment history, and disclosure events. You should also think about hiring a financial advisor whose core values are similar to yours.

2025

Last updated: February 26, 2025

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Best Financial Advisors Serving Paterson

67 Forest St, Suite 271, Paterson, NJ 01752

Visit WebsiteLicense: 5813774

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Why choose this provider?

Financial planning can be challenging; Cedar Hill Financial Group simplifies things. Their first priority is always acting in their client's best interest. That means providing personalized, comprehensive financial advice, along with data driven portfolios. Whether it is planning for retirement, saving for college, or getting a comprehensive financial plan in place, they can help. With over a decade of industry experience, they are committed to helping clients pursue their financial goals. Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.

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