Expertise.com

Best Financial Advisors in Johns Creek

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

Johns Creek, 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.

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
Responsiveness
Friendliness
Helpfulness
Detail
––

Price: Free consultation

Atlas Investment Advisors logo
Visit WebsiteWebsite

Atlas Investment Advisors

6600 Peachtree Dunwoody Road, Embassy Row 600, Suite 575, Atlanta, GA 30328
Visit WebsiteWebsite
  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Atlas Investment Advisors is a financial planning and advisory firm that addresses the wealth management needs of the people of Johns Creek. Christian Mauser, one of the lead wealth advisors and investment strategists of the firm, has a background in planning and portfolio management, creating investment strategies to help clients achieve their personal goals while minimizing risks. Atlas Investment Advisors also offers other finance-related services, such as insurance review and analysis and tax planning and strategy.

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)

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
Edelman Financial Engines logo
Visit WebsiteWebsite

Edelman Financial Engines

1960 Satellite Boulevard Suite 3500, Duluth, GA 30097
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Edelman Financial Engines has been serving clients in Johns Creek since 1987. It provides a wide range of personal financial planning services that include retirement planning, investment management, and tax optimization strategies. The independent financial advisory firm considers the unique circumstances and financial goals of clients when providing financial advice. Edelman Financial Engines serves over 1.3 million clients, and it maintains more than 150 offices across the country. Ric and Jean Edelman established the firm to provide financial education to Americans.

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.
3.8

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
Elm 3 Financial Group logo
Visit WebsiteWebsite

Elm 3 Financial Group

5755 North Point Pkwy Ste 92, Alpharetta, GA 30022
Visit WebsiteWebsite
  • Financial Planning

Business Description

Elm 3 Financial Group is a tax and financial advisory firm that serves individuals and businesses in Johns Creek. Its scope of work includes financial planning for short and long-term goals like family education, investment management and advising, and tax preparation for residential and commercial clientele. It also helps individuals and small businesses develop retirement plans for themselves and their employees. Founder Stacey Nickens 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
Responsiveness
Friendliness
Helpfulness
Detail
GER Loftin Wealth Advisors LLC logo
Visit WebsiteWebsite

GER Loftin Wealth Advisors LLC

6470 East Johns Crossing Suite 230, John’s Creek, GA 30097
Visit WebsiteWebsite
  • Financial Planning

Business Description

GER Loftin Wealth Advisors, LLC, handles financial planning assistance for clients in Johns Creek. The financial advisors have more than 85 years of combined financial planning and investment management expertise. They deal with retirement planning, business planning, risk management, and charitable giving. They also extend their services to Alpharetta, Duluth, and Suwanee. GER Loftin Wealth Advisors has a team of Certified Kingdom Advisors, Accredited Investment Fiduciaries, and former members of the US Air Force.

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
Investment Planning Advisors logo
Visit WebsiteWebsite

Investment Planning Advisors

327 Dahlonega Street Suite 503, Cumming, GA 30040
Visit WebsiteWebsite
  • Estate Planning

Business Description

Investment Planning Advisors works with individuals and families in Johns Creek and the surrounding communities, providing objective financial advice. Its services include insurance, retirement, estate, investment, tax, and education planning. The independent financial advisory firm was founded in 2003 by managing director and financial planner Pat Paxton. He is a member of the Financial Industry Regulatory Authority and is registered with various securities and insurance organizations. The firm's advisors have more than 40 years of combined financial services 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

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
Johns Creek Advisors logo
Visit WebsiteWebsite

Johns Creek Advisors

11138 State Bridge Road, Suite #125, Johns Creek, CA 30022
Visit WebsiteWebsite
  • Tax Planning

Business Description

Johns Creek Advisors is a company in the metro that specializes in financial advisory and wealth management solutions. Its team of professionals has more than 80 years of combined industry experience. They provide professional advice on a variety of practice areas, including insurance, real estate, and investments. Damon Ladd-Thomas, the company's president, can help with structuring complex business and family risk mitigation. He has been in the financial services industry for more than 26 years. He is a Certified Financial 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 (2)
Yelp
5.0 / 5 (1)
Johns Creek Financial logo
Visit WebsiteWebsite

Johns Creek Financial

5400 Laurel Springs Pkwy, Building 1300, Suite 1302, Johns Creek, GA 30024
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Johns Creek Financial has been offering wealth management solutions to individuals, families, retirees, business owners, and investors since 2002. The local advisory firm provides assistance in traditional investments, retirement plans, and financial planning. Its professionals have more than 100 years of combined experience, and they help clients achieve their financial objectives by setting timelines and creating plans tailored to their needs. Managing partners Michael R. Hyser and Brian J. McGill II are both Certified Financial Planners.

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)

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
Legacy Planning Advisors, LLC logo
Visit WebsiteWebsite

Legacy Planning Advisors, LLC

5400 Laurel Springs Pkwy - Suite 101, Suwanee, GA 30024
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Located in Suwanee, Legacy Planning Advisors, LLC, caters to clients in Johns Creek. It guides individuals and couples through financial planning and develops strategies to help in areas like insurance. The company also provides tax planning services and works to lower payment obligations. It has experience helping business owners through the process of transition planning. Jerry Black, the company's founder, is the former director of the estate planning ministry for the Johns Creek-based Perimeter Church. He has over three decades of experience in finance.

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
Merit logo
Visit WebsiteWebsite

Merit

2400 Lakeview Pkwy, Suite 550, Alpharetta, GA 30009
Visit WebsiteWebsite
  • Finance Planning

Business Description

Merit is a firm serving the Johns Creek area. Its wealth management, transfer, and protection services are provided by its financial advisors, who educate clients on how to be financially prudent and safeguard the money they have accumulated. They also help clients leave a legacy for their future generation to achieve their financial goals. The company assists people in dealing with life transitions, including retirement, divorce, and widowhood. The company was established by Rick Kent, CEO, in 2017 and now has served $5.6 billion in 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.
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
Helpfulness
––
Detail
––
MH Wealth Management logo
Visit WebsiteWebsite

MH Wealth Management

3180 North Point Pkwy, Suite 107, Alpharetta, GA 30005
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

MH Wealth Management is a financial planning company that serves clients in Johns Creek and nearby areas. Its financial advisors help clients deal with many aspects of their financial picture, including education, long-term elder care, mortgages, and debts. They also assist with wills, disabilities, taxes, and retirement goals. The company's managing partner, Reid Markham, holds several designations, including Certified Financial Planner, Chartered Financial Consultant, Chartered Advisor for Senior Living, and Retirement Income Certified Professional.

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
oXYGen Financial logo
Visit WebsiteWebsite

oXYGen Financial

35 Old Canton St, Alpharetta, GA 30009
Visit WebsiteWebsite
  • Tax Planning
  • Retirement Planning

Business Description

Since 2008, oXYGen Financial has been serving individuals and businesses in Johns Creek and the surrounding areas. It provides financial planning, tax management, risk management, retirement planning, investment management, and estate planning services. Ted Jenkin, the CEO and co-founder of the firm, has earned the CFP, CRPC, and CRPS designations and is regularly featured on CNN, CNBC, and The Wall Street Journal. He is the host of the podcast "The Shrimp Tank" and the author of the book "The 21-Day Budget Cleanse."

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)

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
Prehmus Financial Partners logo
Visit WebsiteWebsite

Prehmus Financial Partners

3930 East Jones Bridge Rd, Ste 175, Peachtree Corners, GA 30092
Visit WebsiteWebsite
  • Tax Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Prehmus Financial Partners serves the residents of the Johns Creek metro. Established in 1995, the financial planning firm provides guidance on investments, risk management, retirement funding, and tax planning. Its independent wealth management team provides individuals and families with a diverse range of investment options and east-to-understand financial plans to help protect and grow their assets. Partner and president Drew Prehmus is a Certified Financial Planner and president of the Strategic Advisory Council of The Strategic Financial Alliance, 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 (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
Responsiveness
Friendliness
Helpfulness
––
Detail
––
Redwood Wealth Management, LLC logo
Visit WebsiteWebsite

Redwood Wealth Management, LLC

200 Milton Park, 11175 Cicero Drive, Suite 510, Alpharetta, GA 30022
Visit WebsiteWebsite
  • Estate Planning
  • Retirement Planning
  • Investment Management
  • Financial Planning

Business Description

Redwood Wealth Management, LLC, is a firm serving Johns Creek. It helps individuals and families manage their finances through estate planning, investment management, tax consulting, charitable giving, and retirement planning. The company's financial advisors are members of the National Association of Personal Financial Advisors and develop investment strategies to sustain wealth for future generations. The firm's wealth manager, Shawn Meade, is a CPA who served as the treasurer of the Financial Planning Association of Georgia.

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
––
Tandem Growth Financial Advisors logo
Visit WebsiteWebsite

Tandem Growth Financial Advisors

3820 Mansell Road Suite T30, Alpharetta, GA 30022
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Tandem Growth Financial Advisors is a firm that provides financial planning solutions using a holistic approach for Johns Creek-based clients. Its financial advisors assist in converting vision into measurable short- and long-term personal finance goals to secure that resources and actions are in sync. They develop financial plans that include retirement without compromise, debt reduction, annual vacations, second homes, charitable giving, and legacies. The team establishes strategies designed to be realistic and help progress toward goals with clarity and confidence using a data-driven process.

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
Wealth Creation Atlanta logo
Visit WebsiteWebsite

Wealth Creation Atlanta

500 Sun Valley Dr Suite B1, Roswell, GA 30076
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Business Description

Wealth Creation Atlanta offers personal financial services to clients in Johns Creek. Its primary associate, Chris Ellington, is a Certified Financial Planner specializing in financial and tax planning, risk management investments, and retirement and employee benefits. He takes the time to listen to his clients' concerns and help them understand their options. Ellington assesses performance, links strategies, and makes recommendations to help clients improve their finances. He holds various designations, including RICP, CLU, and ChFC.

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 (23)
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
Friendliness
Helpfulness
Detail
––
Wiser Wealth Management logo
Visit WebsiteWebsite

Wiser Wealth Management

125 Church Street NE, Suite 220, Marietta, GA 30060
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Wiser Wealth Management is a financial advisory firm serving Johns Creek. It assists clients in developing tailored plans that help them achieve their financial goals. It offers a range of services, including 401(k) allocation and asset management. In addition, it provides financial planning services involving education, insurance and risk management, long-term care, Medicare, and Social Security. Its other services include tax preparation and legal services. Wiser Wealth Management received the Five Star Wealth Manager Award for 10 consecutive 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 (72)
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
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