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Best Financial Advisors in Bloomington

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Bloomington, MN
  • 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
Google
3.2 / 5 (15)

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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

Ballast logo
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Ballast

683 Bielenberg Dr., Suite 208, Woodbury, MN 55125-1705
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  • Retirement Planning
  • Financial Planning
  • Wealth Management

Business Description

Ballast is a financial planning company serving Bloomington. Its advisors carry over 75 years of collective industry experience, catering to individuals near or in retirement, corporate executives, and multi-generational families. The firm offers personal financial and estate planning, investment management, and retirement analysis. Its financial planning solutions include working closely with clients to determine their financial objectives and developing personalized wealth management recommendations. Its advisors generate a road map based on the client's business interest, real estate, cash flow, and taxes.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
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
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Baune Financial logo
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Baune Financial

1191 Northland Drive, Suite 150, Mendota Heights, MN 55120
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  • Certified Financial Planner (CFP)

Business Description

For almost 40 years, Baune Financial has been providing wealth security solutions to customers in Bloomington and neighboring areas. Its team of Certified Financial Planners handles various aspects of financial planning, retirement planning, estate planning, wealth management, investment strategies, and risk management. They primarily serve partners and principals of Deloitte, EY, KPMG, and PWC, as well as high net-worth individuals and families. Among the firm's recognitions include Financial Times' 2020 Top Financial Advisers and Forbes' 2021 Top Financial Security 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)

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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Box Financial logo
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Box Financial

701 4th Avenue South Suite 1710, Minneapolis, MN 55415
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  • Estate Planning
  • Financial Planning

Business Description

Box Financial has been providing its services to clients in Bloomington and the surrounding areas since 1989. It consists of seven financial advisors who assist households and businesses in navigating financial planning and investments. It helps with retirement planning, estate planning and presentation, investment management, and asset protection. Box Financial has helped over 1,000 families across 38 states. CEO Douglas Box is a certified financial planner and earned the designations chartered financial consultant, and behavioral financial advisor.

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
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Detail
Brown Wealth Management logo
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Brown Wealth Management

12100 Singletree Lane Suite 175, Eden Prairie, MN 55344
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  • Estate Planning

Business Description

Brown Wealth Management is a financial advisory firm serving clients in Bloomington. It helps professionals, businesses owners, pre-retirees, and retirees achieve their financial goals. The firm provides financial planning, investment management, charitable giving planning, and portfolio management services. Brown Wealth Management has been providing financial planning solutions based on the needs and goals of clients since 2002. Mpls. St. Paul Magazine and Twin Cities Business magazine named founder Tim Brown as a Five Star Wealth Manager from 2013 to 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
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Detail
Cahill Financial Advisors logo
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Cahill Financial Advisors

7261 Ohms Lane, Edina, MN 55439
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Cahill Financial Advisors is a wealth management company serving the Bloomington area. Since 1980, its advisors have been providing financial planning, estate planning, and asset management to small enterprises and families. They work with clients to analyze financial techniques and strategies that are appropriate to their situation and to establish a plan of action to help them achieve their financial objectives. The company only employs advisors and staff who are Certified Financial Planners, Chartered Financial Analysts, Certified Public Accountants, and Certified Fund Specialists.

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
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Cedar Cove Wealth Partners logo
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Cedar Cove Wealth Partners

7900 Xerxes Ave S, Ste. 1750, Bloomington, MN 55431
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Business Description

Based in Bloomington, Cedar Cove Wealth Partners provides financial guidance to individuals in the local metro. It offers financial planning services that consider factors such as taxes, families, businesses, and retirement. Its advisors also work with clients in managing investments and making sure that they align with their goals. Additionally, the company financially prepares clients for loss of income, health changes, and market downturns. Jennifer Cords, one of Cedar Cove Wealth Partners' founding partners, is both a Behavioral Financial Advisor 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 (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
Responsiveness
Friendliness
Helpfulness
Detail
Fure Financial logo
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Fure Financial

8500 Normandale Lake Blvd Suite 950, Bloomington, MN 55437
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  • Wealth Management

Business Description

Located in Bloomington, Fure Financial provides investment management and financial planning services. It guides individuals and families in making informed and smart decisions that allow them to secure their financial goals. Its advisors also offer assistance in retirement, estate, risk management, business, and tax planning. The company's president, Johannes C. Fure, has more than 35 years of industry experience. He earned his Certified Financial Planner certification in 1985 and is a member of the Financial Planning Association.

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
GT Financial Advisors logo
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GT Financial Advisors

539 Bielenberg Drive Suite 210, Woodbury, MN 55125
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Investment Management
  • Financial Planning
  • Wealth Management

Business Description

GT Financial Advisors is a firm serving Bloomington and surrounding areas. It focuses on building partnerships with clients by employing fact-finding to understand their needs and grow their assets through various strategies. It offers financial planning, investment portfolio management, 401k and retirement planning for small businesses, and estate planning to secure wealth for future generations. Its team has decades of combined industry experience and includes professionals who hold CFP and Chartered Retirement Planning Counselor 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
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
Innovate Financial, Inc. logo
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Innovate Financial, Inc.

8120 Penn Avenue South Suite 565, Bloomington, MN 55431
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  • Certified Financial Planner (CFP)
  • Wealth Management

Business Description

Innovate Financial, Inc., is an advisory company that helps federal employees in Bloomington manage their finances. Established by Mike Nakashima in 2007, the firm assists clients in planning for retirement and managing investments. Nakashima, a Chartered Federal Employee Benefits Consultant, offers strategies in maximizing benefits from the Federal Employee Benefits System and Social Security Administration. Also a Certified Financial Planner, he has trained 5,100 federal employees and managed assets totaling 134 million dollars.

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
Peak Financial Consulting logo
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Peak Financial Consulting

1650 West 82nd Street Suite 870, Bloomington, MN 55431
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  • Financial Planning

Business Description

Peak Financial Consulting serves clients in Bloomington and the surrounding areas. It provides a wide range of financial planning and asset management services that cover wealth accumulation, debt reduction, and tax-advantaged investing. The firm develops, implements, and monitors a financial strategy that is based on the financial conditions, needs, and goals of clients. One of its professionals, Ford Droegemueller, is an investment advisor representative and Certified Financial Planner who has 30 years of 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.
4.0
Google
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
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Helpfulness
––
Detail
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Phillip James Financial logo
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Phillip James Financial

3675 Plymouth Boulevard Suite 110, Plymouth, MN 55446
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  • CFA Charterholder

Business Description

Phillip James Financial is a wealth management firm serving Bloomington and the surrounding communities. It offers a wide range of services including financial planning, risk management, compensation planning, budget/spending analysis, and tax planning and preparation. The process of assisting clients in achieving financial independence and security includes an initial discussion about their financial situation and ongoing financial plan management. The firm also assists diligent savers who want to secure their money throughout retirement and those who have retired or are planning to do so.

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
Quarry Hill Advisors logo
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Quarry Hill Advisors

370 Selby Ave, Suite 226, Saint Paul, MN 55102
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  • Certified Financial Planner (CFP)

Business Description

Quarry Hill Advisors provides fiduciary financial advice to families and individuals in Bloomington and across the country. Its services include proactive personal planning for education, taxes, estates, and retirement, as well as investing and withdrawal strategies. From 2019 through 2021, the firm was recognized by Investopedia as part of the Top 100 Advisors. It has also been featured in the Wall Street Journal, Financial Advisor Magazine, CBS News, CNBC, Yahoo! Finance, and Market Watch. 

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
4.9 / 5 (28)

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
SBI Wealth Management logo
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SBI Wealth Management

8120 Penn Avenue S, Suite 115, Bloomington, MN 55431
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  • Certified Financial Planner (CFP)

Business Description

Located in Bloomington, SBI Wealth Management serves clients throughout the area. It offers financial planning solutions for working professionals and retirees and advises on issues related to income tax, college education, and retirement. The company also helps small business owners on matters involving business successions. Its other services include estate planning. One of the company's staff, Brian Adamek, is a Certified Financial Planner by the CFP Board. He served on the alumni board of Saint John's University.

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
The Capital Advisory Group LLC logo
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The Capital Advisory Group LLC

5270 West 84th Street Suite 310, Bloomington, MN 55437
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  • Certified Financial Planner (CFP)

Business Description

The Capital Advisory Group LLC serves clients in Bloomington. It assists individuals, families, executives, retirees, and business owners in reaching their financial goals. The investment advisory firm provides financial planning and wealth management services, including tax guidance, risk mitigation, asset management, and estate planning. It manages $361 million for institutions and families. Founding partner Brett Machtig has more than 30 years of experience helping investors reach their income objectives and realize their life visions.

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
Tradition Wealth Management logo
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Tradition Wealth Management

7601 France Avenue South Suite 100, Edina, MN 55435
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  • Investment Management
  • Financial Planning

Business Description

Tradition Wealth Management has been advising clients in Bloomington and the surrounding areas for nearly 20 years. Its financial advisors help clients understand their financial situation and build a financial planning toolkit that covers a broad range of topics, like personal finance. They provide financial advice involving retirement planning, investment management, philanthropic planning, and estate management. The firm also offers business financial services, including portfolio management, tax and business succession planning, and qualified plan design.

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
4.0 / 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
Webb Financial Group logo
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Webb Financial Group

8120 Penn Ave South, Suite 177, Bloomington, MN 55431
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  • Financial Planning
  • Wealth Management

Business Description

Webb Financial Group is a wealth management firm operating in Bloomington. It offers investment advisory and comprehensive financial planning services, which include employee/employer benefits, budget and cash flow planning, and risk management. Its CEO, Gary Webb, is a financial consultant who has been designing long-term financial plans since 1998. In addition to helping clients with retirement planning, he assists in building investment portfolios as clients realize their goals. He holds seminars for graduating high school seniors and talks about budgeting and managing credit.

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 (32)
Facebook
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
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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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