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Best Financial Advisors in Alpharetta

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Alpharetta, GA
  • 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.

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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

Artisan Financial Strategies logo
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Artisan Financial Strategies

1125 Cambridge Square Suite C, Alpharetta, GA 30009
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Business Description

Artisan Financial Strategies strives to help intentional leaders live impactful and fulfilling lives via collaborative financial consulting solutions. The company works with Alpharetta residents, corporate executives, privately held business owners, and high-net-worth individuals seeking estate or business succession and asset management assistance to grow and protect family wealth. Its comprehensive and concierge planning process enables clients to achieve their various complex goals and objectives, as well as streamline their financial decisions into one coordinated playbook.

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

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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Atlas Investment Advisors logo
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Atlas Investment Advisors

6600 Peachtree Dunwoody Road, Embassy Row 600, Suite 575, Atlanta, GA 30238
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  • Retirement Planning
  • Tax Planning

Business Description

Atlas Investment Advisors addresses the financial needs of individuals and families in Alpharetta. Its lead wealth advisor, Christian Mauser, is a Certified Financial Planner providing customized investment and financial planning services. His financial planning solutions include determining clients' goals, providing initial recommendations, and finalizing the plan. Mauser utilizes his technical expertise to advise clients on asset allocation, risk tolerance, and tax-loss harvesting. He is also a Certified Retirement Counselor and serves as a member of the NAPFA.

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 (8)
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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BIP Wealth logo
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BIP Wealth

2500 Northwinds Parkway Building III, Suite 150, Alpharetta, GA 30009
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  • Certified Financial Planner (CFP)

Business Description

Founded in 2007, BIP Wealth is a wealth management firm that serves high-net-worth clients in Alpharetta and the surrounding areas. Its team helps clients formulate personalized financial plans that integrate tax reduction strategies, efficient passing on of assets to the next generation, and risk protection. Its line of clients includes highly-paid professionals, corporate executives, business managers, professional athletes, and retirees. Some of the wealth advisors at the company hold the Certified Financial Planner and Chartered Financial Analyst designations.

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)
Bluerock Wealth Management logo
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Bluerock Wealth Management

3650 Mansell Road Suite 400, Alpharetta, GA 30022
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  • Retirement Planning

Business Description

Bluerock Wealth Management is a fiduciary firm serving clients in and around Alpharetta. It provides financial advice on various areas, including investment strategies and business taxes. Its team of advisors helps individuals create financial plans, which cover estate plans, insurance coverages, college funds, and tax mitigation schemes. The company also assists people in establishing funds for philanthropic initiatives. Raj Chokshi, the firm's CEO, is a certified public accountant, an MBA degree holder, and 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.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
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Elm3 Financial Group logo
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Elm3 Financial Group

5755 North Point Pkwy #92, Alpharetta, GA 30022
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  • Certified Financial Planner (CFP)

Business Description

Elm3 Financial Group is a tax and financial advisory firm serving individuals and businesses in Alpharetta. Its services include investment management, tax preparation and planning, and financial planning centered around short- and long-term goals like home purchase and retirement. For businesses, it offers bookkeeping and payroll services alongside management consulting regarding topics like product development and brand management. Founder Stacey Nickens holds a bachelor's degree in Accounting and is a member of the Financial Planning Association and National Association of Tax Professionals.

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 (84)
Yelp
4.5 / 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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Forthright Wealth Management, LLC logo
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Forthright Wealth Management, LLC

5755 N Point Pkwy Ste 47, Alpharetta, GA 30022
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  • Certified Financial Planner (CFP)

Business Description

Forthright Wealth Management, LLC, works with clients in Alpharetta and the nearby areas to develop a sustainable financial plan. It helps individuals grow their wealth, generate income in retirement, or preserve wealth for future generations. It also creates a diversified investment portfolio customized to the needs of each client. It also assists business owners in creating a succession plan. The firm offers its services to individuals, families, retirees, women investors, corporate executives, and healthcare professionals.

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)
GER Loftin Wealth Advisors LLC logo
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GER Loftin Wealth Advisors LLC

6470 East Johns Crossing Suite 230, John’s Creek, GA 30097
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  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Retirement Planning
  • Tax Preparation

Business Description

Founded in 1984, GER Loftin Wealth Advisors LLC caters to individuals from various walks of life. Serving the Alpharetta metro, the independent company creates holistic planning solutions to help clients achieve financial security. It provides financial planning services, which include debt management, tax and estate planning, and current investment and asset analysis. GER Loftin Wealth Advisors also deals with retirement planning and offers life, health, long-term care, and disability insurance policies. Its team brings over 85 years of combined industry 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 (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
Goodwin Investment Advisory logo
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Goodwin Investment Advisory

3380 Trickum Rd Bldg. 800-102, Woodstock, GA 30188
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  • Estate Planning
  • Tax Planning
  • Finance Planning

Business Description

Goodwin Investment Advisory is a financial advisory firm that caters to the financial needs of Alpharetta residents. Since 2004, the firm has been providing financial guidance to special needs, traditional, LGBTQ+, and blended families. Its advisors offer tax mitigation, estate planning, and private real estate investment services. Its president and founder, Tim Goodwin, is a Chartered Financial Planner. He is the author of the book "Exponential Wealth: How to Create Sustainable Income for Life."

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 (83)

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
Innovative Financial Group logo
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Innovative Financial Group

3520 Old Milton Parkway, Alpharetta, GA 30005
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  • Certified Financial Planner (CFP)

Business Description

Founded in 1936, Innovative Financial Group (IFG) provides consulting services to individuals and business owners in Alpharetta and the surrounding areas. It assists clients in developing comprehensive financial plans, which encompass retirement projections, tax strategies, insurance coverages, investments, and educational funds. IFG also partners with business entities, guiding owners in business continuity and business succession matters. Herman "Tommy" Thompson Jr., the financial planner at the firm, holds the Certified Financial Planner and Chartered Financial Consultant designations.

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)
Johns Creek Financial logo
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Johns Creek Financial

5400 Laurel Springs Pkwy, Suite 1302, Johns Creek, GA 30024
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  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Preparation
  • Tax Planning

Business Description

Since 2002, Johns Creek Financial has been providing consulting services to people in Alpharetta. The company offers financial advice to diverse clients, from individuals, families, and executives to investors and retirees. Its advisors assist customers with financial planning, including estate plans, retirement projections, budget analysis, and insurance coverages. They also carry various insurance solutions, traditional investments, and alternative investments. Managing partners Michael R. Hyser and Brian J. McGill II hold the Certified Financial Planner designation.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Merit Financial Advisors logo
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Merit Financial Advisors

2400 Lakeview Pkwy, Suite 550, Alpharetta, GA 30009
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  • Certified Financial Planner (CFP)

Business Description

Merit Financial Advisors caters to a diverse clientele, including business owners, executives, and individuals in Alpharetta. The firm offers customized financial and wealth planning solutions for people who want to prepare for retirement or manage their assets. Its advisors help clients navigate complex financial matters in making plans for cash flows, education, taxes, estates, goal fundings, and charitable giving. Merit Financial Advisors has been in the industry since 1998. It also has 25 offices operating nationwide.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
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Detail
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MH Wealth Management logo
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MH Wealth Management

3180 North Point Pkwy, Suite 107, Alpharetta, GA 30005
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  • Retirement Planning

Business Description

MH Wealth Management assists clients in the Alpharetta area with strategic financial planning and accountability. It collaborates with clients in analyzing their financial pictures and designing their short-term and long-term financial goals. The firm creates personalized strategies for investments and wealth management to meet each client's specific needs. In addition, it conducts insurance and tax evaluations. MH Wealth Management was founded in 2014 by Reid Markham, a Certified Financial Planner who has been in the industry since 2005.

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
Oster & Fischer LLC logo
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Oster & Fischer LLC

4555 Mansell Road Suite 300, Alpharetta, GA 30022
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  • Estate and Trust Specialist
  • Tax Preparation
  • Tax Planning

Business Description

Oster & Fischer LLC is an independent firm that caters to families, individuals, and small business owners in the Alpharetta area. It helps clients secure their wealth and prepare for their future by providing them with a wide range of investment and financial services, including comprehensive wealth planning, financial planning, estate planning, asset management, and insurance services. Stephan Oster, the company's director of investment strategy, has earned the ChFC and CFS designations and attends workshops to stay abreast with the current industry trends.

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)
oXYGen Financial logo
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oXYGen Financial

35 Old Canton St, Alpharetta, GA 30009
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  • Certified Financial Planner (CFP)

Business Description

oXYGen Financial is an advisory firm that lists the Alpharetta metro as one of its service areas. The firm helps families get better at budgeting and growing their wealth through its proprietary oXYGen Financial Private CFO® services. It also assists professionals and employers in planning taxes, managing risks through insurance, and preparing for retirement. Established in 2008, the company has been featured in media publications such as The Wall Street Journal, Forbes, and Bloomberg.

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
Google
4.8 / 5 (16)
Yelp
5.0 / 5 (2)

Professionalism:

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

11720 Amber Park Drive Suite 150, Alpharetta, GA 30009
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  • Certified Financial Planner (CFP)

Business Description

Planmark, now operating under Wellspring Wealth, is a full-service pension consulting firm that serves clients in Alpharetta and the surrounding areas. In addition to wealth management for individuals and families, the firm also provides plan design, advisory, and third-party administration services regarding defined contribution plans, defined benefit plans, and non-qualified plans for companies. The financial advisors at Planmark hold several designations, including Certified Financial Planner, Chartered Financial Consultant, Chartered Financial Analyst, and Accredited Investment Fiduciary.

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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Helpfulness
Detail
Wealth Creation Atlanta logo
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Wealth Creation Atlanta

500 Sun Valley Dr Suite B1, Roswell, GA 30076
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  • Financial Planning

Business Description

Wealth Creation Atlanta serves individuals, families, business owners, and professionals in and around Alpharetta. The firm works closely with clients in determining long-term and short-term financial goals to be able to develop customized financial roadmaps that fit individual needs. Some of its services include financial planning, risk management, tax planning and management, retirement and employee benefits, and estate planning. Financial advisor Chris Ellington holds the designations of Certified Financial Planner, Retirement Income Certified Professional, and Chartered Financial Consultant.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (26)
Facebook
5.0 / 5 (22)

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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Helpfulness
Detail
––
Wealth E&P logo
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Wealth E&P

5755 North Point Pkwy #232, Alpharetta, GA 30022
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Business Description

Located in Alpharetta, Wealth E&P describes its vision as developing client relationships and enhancing and preserving the financial well-being of its clients. It's an independent fee-based service that has particular experience in asset accumulation and preservation and income planning for clients with one eye on their retirements. The company's financial planners customize solutions for each client, carefully explain current economic conditions, and focus on investment strategies that manage risks.

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 (6)

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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Detail
––
Wealth With No Regrets logo
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Wealth With No Regrets

12600 Deerfield Parkway, Suite 150, Alpharetta, GA 30004
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  • Certified Financial Planner (CFP)

Business Description

Wealth With No Regrets is an Alpharetta retirement lifestyle and wealth planning firm that serves various clients, such as women and business owners. Its services include custom-tailored investment and tax planning and solutions. By acting in the best interests of its clients, its team crafts custom plans for families that will help them achieve both their financial goals and lifestyle freedom. The firm, which offers step-by-step assistance in the retirement planning process, also assists in legacy and legal 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.
4.0
Responsiveness
Friendliness
Helpfulness
––
Detail
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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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