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Best Financial Advisors in Plymouth

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Plymouth, 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
Yelp
4.0 / 5 (4)

Professionalism:

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4.0
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Price: Free consultation

Ascend Financial Group logo
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Ascend Financial Group

2 Carlson Parkway Suite 320, Plymouth, MN 55447
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  • Estate Planning
  • Tax Planning
  • Certified Financial Planner (CFP)
  • Insurance Products
  • Retirement Planning
  • Financial Planning
  • Wealth Management

Business Description

Ascend Financial Group serves individuals and businesses throughout Plymouth. It offers a full range of financial planning services, including retirement planning, tax planning, money management, and profit-sharing planning. It also assists clients with investments and insurance. Kyler Harder, the firm's owner, has earned the CFBS designation and serves as an ambassador for Guild, Inc., a non-profit organization that supports individuals struggling with mental health issues. Ascend Financial Group creates a financial website for its clients where they can access their financial records 24/7.

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)
Facebook
5.0 / 5 (1)
Berger Financial Group logo
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Berger Financial Group

1695 State Highway 169, Plymouth, MN 55441
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  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Berger Financial Group has been in the industry for four decades, serving individuals, groups, and families in and around the Plymouth metro. The company deals with financial and retirement planning, portfolio management, and income tax services. Its financial advisors provide generational wealth planning for financial security, which may involve multi-generational legacy plans, investment maximization, and insurance and estate tax considerations. The firm also helps its clients invest in socially and environmentally responsible companies while maintaining a diversified portfolio.

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
5.0 / 5 (2)
Yelp
3.0 / 5 (2)
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 is an independent advisory firm serving individuals and businesses in Plymouth and the neighboring areas. It has been in the industry since 1989 and has overseen over $750 million in assets. The firm offers financial insights in retirement, investment, tax, insurance, and estate. Its investment advisory services include helping individuals put together portfolios that reflect their goals, time horizons, and risk tolerance, helping them avoid pitfalls. The firm maintains an affiliation with AdvisorNet Financial and Cetera Advisor Network.

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
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Carlson Capital Management logo
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Carlson Capital Management

11 Bridge Square, Northfield, MN 55057
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  • Certified Financial Planner (CFP)

Business Description

Carlson Capital Management offers integrated wealth management services and assists clients in achieving their financial goals. Through its integrated wealth management, the firm helps clients develop investment strategies, reduce their tax exposure, prepare for their retirement, and plan their estates. It also aids parents in preparing for their children's college education. For young professionals just starting to invest, it offers Carlson Portfolios as an option. The firm has been guiding Plymouth-based clients in financial planning for more than three decades.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0

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
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Cavanaugh Financial Group logo
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Cavanaugh Financial Group

3545 Plymouth Blvd, Suite 213, Plymouth, MN 55447
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  • Estate Planning
  • Retirement Planning
  • Wealth Management

Business Description

Cavanaugh Financial Group has been serving individuals and families in the Plymouth metro and the neighboring communities since 1966. It provides a wide range of personalized financial services, such as investment management; retirement, insurance, and tax planning; and estate planning. It assists clients with various aspects of the process, from consulting and planning to monitoring. John Cavanaugh, who took over the business in 2012, is a Certified Financial Planner and a Chartered Retirement Planning Counselor.

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 (9)
Facebook
5.0 / 5 (5)
Charterpoint Wealth Strategies logo
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Charterpoint Wealth Strategies

2 Carlson Parkway N, Suite 320, Plymouth, MN 55447
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  • Estate Planning

Business Description

Charterpoint Wealth Strategies is a locally owned and managed financial advisory firm in Plymouth. Its team of financial services representatives offers succession and retirement planning solutions. It also provides long-term investment strategies to help individuals and business owners achieve financial security. In addition to financial coaching and management, the firm assists clients in making decisions related to their mutual funds, investments, life insurance, and annuities. Charterpoint Wealth Strategies is licensed in more than 30 U.S. states.

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
ClearPath Wealth Advisors logo
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ClearPath Wealth Advisors

15600 Wayzata Blvd. Suite 108, Wayzata, MN 55391
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  • Retirement Planning
  • Investment Management
  • Financial Planning

Business Description

ClearPath Wealth Advisors serves Plymouth and surrounding communities. It helps individuals in navigating through the processes of retirement planning, investment management, asset placement, and income planning. The financial planning process includes understanding the client's current financial situation, identifying both the positives and negatives for future security, aligning their goals with the customized strategy, and an ongoing review of their portfolios. The firm's managing partner, Taylor Sundeen, is a Certified Financial Planner with extensive experience in handling investments, taxes, and insurance.

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
5.0 / 5 (10)
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
Echo Wealth Management logo
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Echo Wealth Management

3033 Campus Drive, Suite N145, Plymouth, MN 55441
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  • Certified Financial Planner (CFP)
  • Financial Planning
  • Chartered Financial Analyst (CFA)

Business Description

Echo Wealth Management serves communities around the Plymouth metro. It provides financial planning and investment management solutions. Service, objectivity, efficiency, and effectiveness are central to its process. With its role as a fiduciary, the firm helps clients identify their financial goals and take action to achieve positive outcomes. The company was established in 2015 by Echo Huang, after 15 years of working for financial firms in Minnesota. She is a CPA, CFP, and CFA charterholder who uses a holistic approach to financial 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.
4.4
Google
4.4 / 5 (7)

Professionalism:

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

3300 Fernbrook Ln N, Suite 250, Minneapolis, MN 55447
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Business Description

Financial Perspectives is a full-service wealth management firm that handles the needs of clients in Plymouth and neighboring locations. Formed in 1985, it specializes in investments, retirement, taxes, and insurance. It also offers financial services in the areas of estate planning and philanthropy. Dan Dugan, the president of the company, joined the firm in 1994 and took over it in 2004 after his older brother, Michael T. Dugan, became terminally ill with an auto-immune disease.

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
GEN logo
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GEN

10810 Old County Rd 15, Plymouth, MN 55441
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Business Description

GEN Financial Management, Inc., is an independent advisory firm that serves Plymouth. It provides services such as investment management, financial planning, and retirement planning. Serving business owners, entrepreneurs, and retirees, GEN customizes its plans to cater to its clients' individual goals and needs. It also provides flexibility by monitoring and reevaluating their existing plans to keep up with changes in their lives. Company president Eric Moleski is a Certified Financial Planner with over 25 years of 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.
4.5
Google
4.5 / 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
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Helpfulness
Detail
Income Planning Group, LLC logo
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Income Planning Group, LLC

15600 36th Avenue North Suite 200, Plymouth, MN 55446
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  • Certified Financial Planner (CFP)

Business Description

With over 100 years of combined experience, Income Planning Group, LLC, helps the residents of Plymouth financially take care of themselves and their loved ones. The firm assists clients in making their assets last through wealth management. It also provides retirement income and college savings planning. In addition, Income Planning Group provides investment services, including mutual funds, common stock, treasury bills, and annuities. One of the firm’s professionals, Michael Granbois, is a Certified Financial Planner 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 (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
Integra Shield Financial Group logo
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Integra Shield Financial Group

3181 Fernbrook Ln N, Plymouth, MN 55447
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  • Retirement Planning

Business Description

Integra Shield Financial Group creates tailored financial solutions for clients in Plymouth. Catering to professionals, business owners, retirees, and divorcees, it offers planning services to help them proactively plan for life transitions. Its retirement services include planning for taxes, health care, retirement income, estate, insurance, and risk management. It also offers investment management and consulting for present and future financial security. The agency's divorce planning service guides clients before, during, and after a divorce in order to help them plan for their financial future.

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)
Mertz Wealth Strategies, Inc. logo
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Mertz Wealth Strategies, Inc.

8100 Penn Avenue South Suite 175, Bloomington, MN 55431
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  • Certified Financial Planner (CFP)

Business Description

Mertz Wealth Strategies, Inc., has financial professionals who give advice to individuals in Plymouth. They help clients understand investment principles and offer strategies for retirement investing, estate conservation, and risk management. It guides them in determining the right time to retire, getting enough return from their investments, saving properly, and obtaining adequate insurance. Wealth advisor Jon Jandro joined the firm in March 2020. He has 10 years of experience in the investment field.

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
MTI Financial Advisors logo
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MTI Financial Advisors

7300 Metro Boulevard Suite 200, Edina, MN 55439
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  • Financial Planning

Business Description

MTI Financial Advisors has been serving Plymouth residents since 1988. The company offers financial and insurance planning services that take into account clients' net worth, taxes, life insurance requirements, retirement plans, and estate plans. It also provides financial services to corporations, offering retirement and group plans. Douglas Morey, the firm's president, is a Registered Investment Advisor Associate by the State of Minnesota and holds a bachelor of arts degree with concentrations in finance and management.

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
Phillip James Financial logo
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Phillip James Financial

3675 Plymouth Boulevard Suite 110, Plymouth, MN 55446
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  • Financial Planning

Business Description

Phillip James Financial is a wealth management company in Plymouth that caters to local residents. The independent practice provides clients with various services, including financial planning, tax planning and preparation, investment management, and retirement income planning. It also handles risk management, spending analysis, compensation planning, and 401(k) services. Phillip James Financial was established by Phillip R. Christenson and James L. Sexton, who were grade school friends who developed an interest in finance and investing at a young age.

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
Piller Financial Group logo
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Piller Financial Group

2 Carlson Parkway, Suite 320, Plymouth, MN 55447
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  • Wealth Management

Business Description

Piller Financial Group is a full-service wealth management firm that serves clients in Plymouth. It focuses on offering financial solutions to individuals, families, and businesses. The firm's financial advisors are trained to assist clients with designing their retirement, insurance, investment, and income plans tailored to their unique objectives and needs. They also provide business succession advisory, estate planning, tax preparation, and risk management services. The firm's owner, Grant E. Piller, is a board member for a non-profit organization called Tubman.

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 (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
Summit Investment Advisors logo
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Summit Investment Advisors

3065 Centre Pointe Drive Suite 2, Roseville, MN 55113
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Business Description

Summit Investment Advisors has been in the business of serving clients in Plymouth and the surrounding communities for over two decades. The agency handles service areas such as investment management, as well as retirement income, forward tax, estate, and financial planning. Summit Investment Advisors offers master classes that focus on helping individuals with retirement planning. Sean McDermott, the president, has been a Certified Financial Planner for over three decades and is a registered investment advisor representative.

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.
4.2
Google
4.2 / 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
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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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