Expertise.com

Best Financial Advisors in Warwick

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

Warwick, RI
  • Estate Planning
  • Investment Management
  • Financial Planning
  • 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
Yelp
4.0 / 5 (4)

Professionalism:

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

Price: Free consultation

Balanced Wealth Management logo
Visit WebsiteWebsite

Balanced Wealth Management

378 Main Street Suite 105, East Greenwich, RI 02818
Visit WebsiteWebsite
  • Wealth Management

Business Description

Balanced Wealth Management has been serving clients in Warwick and the surrounding areas since 2015. It assists diverse clients, including pre-retirees, in achieving their financial goals through estate planning, asset allocation, and investment planning solutions. Founder Rob Auclair is a CPA who integrates financial planning and technology with psychology to motivate people to reach their life and financial objectives. He has been featured on Providence Business News, Fox Providence, and Providence Journal for his financial insights.

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
Capital Wealth Management logo
Visit WebsiteWebsite

Capital Wealth Management

1300 Division Road Suite 203, West Warwick, RI 02893
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Chartered Financial Analyst (CFA)

Business Description

Capital Wealth Management delivers customized advice to individuals, families, and organizations in Warwick for dealing with their finances and investments. It reviews the investment goals and situations of clients to make recommendations about options like exchange-traded funds, IRAs, variable annuities, mutual funds, and indexed annuities, as well as alternative investments. In addition, the firm's advisors help with retirement planning and offer insurance solutions. Lee A. Duckworth is the company's president and CEO. He is a Certified Financial Planner and an Accredited Investment Fiduciary.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (28)
Commonwealth Financial Group logo
Visit WebsiteWebsite

Commonwealth Financial Group

125 Metro Center Blvd, Suite 3000, Warwick, RI 02886
Visit WebsiteWebsite
  • Estate Planning
  • Finance Planning
  • Certified Financial Planner (CFP)

Business Description

Founded in 1857, Commonwealth Financial Group is a business that caters to the residents of Warwick and the surrounding metros. It provides a wide range of personal planning options such as financial and estate planning, as well as wealth and risk management. Its financial planning services include asset allocation analysis, fee-based and retirement income planning, budget and cash flow analysis, and education funding strategies. The company also assists business owners in integrating their financial life. Commonwealth Financial Group has served more than 95,000 clients.

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.
4.3

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
––
Corner Office Financial, LLC logo
Visit WebsiteWebsite

Corner Office Financial, LLC

1350 Division Road Suite 200, West Warwick, RI 02893
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Corner Office Financial, LLC, offers advice to clients in Warwick. Its advisors help individuals and families with short-term and long-term objectives by assisting with cash flow and selecting insurance policies, along with preparing for a retirement that provides a stable income even after leaving the workforce. The firm also offers estate planning services, which include drafting wills and setting up trusts. Company founder Michael Raspallo is a Chartered Financial Consultant with more than four decades of industry experience.

Creative Resources Investment Advisors, LLC logo
Visit WebsiteWebsite

Creative Resources Investment Advisors, LLC

85 Toll Gate Road, Warwick, RI 02886
Visit WebsiteWebsite
  • Estate and Trust Specialist
  • Retirement Planning

Business Description

Creative Resources Investment Advisors, LLC, caters to clients in the Warwick area. The company assists individuals and families in developing financial strategies to help them achieve their short-term and long-term goals. Its advisors also assist with establishing investment portfolios and setting up retirement plans that provide a stable and sustainable income throughout a client's golden years. In addition, they help select insurance policies and provide estate planning services, such as drafting wills and administering trusts.

Diversified Resources, LLC logo
Visit WebsiteWebsite

Diversified Resources, LLC

70 Jefferson Blvd #201, Warwick, RI 02888
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Diversified Resources, LLC, has been providing financial services to clients in Warwick since 1983. Individuals can get assistance with planning for current and future expenses. Its advisors handle cash flow management, along with setting up an investment portfolio that fits a client's goals and risk tolerance. They also help with retirement planning that provides a sustainable income in a person's golden years. Company president Karen Bacon is a Certified Financial Planner with more than 15 years of industry experience.

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
Eliot Rose Wealth Management logo
Visit WebsiteWebsite

Eliot Rose Wealth Management

1300 Division Rd, Suite 301, West Warwick, RI 02893
Visit WebsiteWebsite

Business Description

Eliot Rose Wealth Management caters to clients in Warwick and the surrounding areas. Its staff helps clients make decisions about when to retire and guides them in managing challenging life transitions. Their services also include social security claiming strategy devising, medicare filing, life and long-term care insurance planning, portfolio withdrawal strategy planning, and elder care management. Gary Siperstein, the company's founder and chairman, has over 35 years of investment management experience. He is a former CPA.

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 (10)

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
Independence Financial Partners logo
Visit WebsiteWebsite

Independence Financial Partners

935 Jefferson Boulevard Suite 2000, Warwick, RI 02886
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Independence Financial Partners is a full-service independent firm in Warwick. It specializes in individual retirement strategies, business retirement planning, personal consultations, and 401(k) rollovers. Some of the products they offer for individual solutions are long-term care insurance, annuities, investments, and disability insurance. Its business solutions range from employer-sponsored retirement plans to attracting and retaining key employees. This family-owned and family-operated firm was established in 1909, and has been in the consistent leadership of one family of financial professionals since 1978.

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
Ivy Wealth Management logo
Visit WebsiteWebsite

Ivy Wealth Management

1350 Division Rd, Suite 200, Warwick, RI 02893
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Tax Planning

Business Description

Ivy Wealth Management is a group of certified financial planners and investment advisors in Warwick that offers services to individuals and families in the metro. The company was founded by Brad Ingegneri who also serves as its president and chief investment officer. Ingegneri has been in the financial industry for over two decades and leads his team in providing wealth management services such as insurance strategies, retirement planning, financial consulting, investment advisory, and personal financial planning.

Jack Trevor, CFP, ChFC, CLU logo
Visit WebsiteWebsite

Jack Trevor, CFP, ChFC, CLU

275 Promenade St Ste 300, Providence, RI 02908-5755
Visit WebsiteWebsite
  • Financial Planning
  • Wealth Management

Business Description

Jack Trevor, CFP, ChFC, CLU is a financial advisor who serves clients in Warwick and the surrounding areas. He assists clients on how to be financially secure through developing a customized financial plan based on clients' values and future goals. His financial planning services involve four steps, such as identification of goals, development of a personalized plan, implementation of strategies, and review of plans. Trevor's other services are retirement planning, education funding, and estate and business planning.

Reputation:

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

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
Joshua J. Paradis logo
Visit WebsiteWebsite

Joshua J. Paradis

63 Cedar Avenue, Suite 11 East, Greenwich, RI 02818
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Joshua J. Paradis is an East Greenwich-based independent CFP®, RICP®, and AIF® professional at Equitable Advisors. Serving clients in and around the Warwick area, he offers a wide array of financial planning services. Paradis guides clients in matters involving portfolio management, retirement, estate, and education planning, and life, long-term care, and disability insurance. In addition, he assists small business owners in creating and implementing retirement plans and defined benefit pension plans. Paradis has been accepted into the NFLPA Registered Player Financial Advisor Program.

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
Lifetime Advisors Group logo
Visit WebsiteWebsite

Lifetime Advisors Group

2797 Post Road, Warwick, RI 02886
Visit WebsiteWebsite
  • Tax Planning

Business Description

The Lifetime Advisors Group helps individuals, families, and business owners in Warwick and the nearby areas. The financial advisors assist with money management, asset protection, and social security, retirement planning. The group promotes holistic planning, where clients' resources are managed according to their life goals. The group is a fiduciary that bases the financial plan that revolves around a client's current economic standing. It has been helping clients stay financially safe and liquid for over 35 years.

Massey and Associates, Inc. logo
Visit WebsiteWebsite

Massey and Associates, Inc.

250F Centerville Road, Warwick, RI 02886
Visit WebsiteWebsite
  • Financial Planning

Business Description

Massey and Associates, Inc., helps the people of Warwick and the surrounding communities achieve their desired financial future. Its team of financial professionals uses a 3-step plan to building a client’s wealth. It involves a discovery meeting, an evaluation of a customer’s financial situation, and a customized strategy. The company also provides wealth management and investment services. The firm’s president, Jeffrey H. Massey, is a Certified Financial Planner with more than 20 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.
4.8
Google
4.5 / 5 (182)
Facebook
4.5 / 5 (57)
Yelp
1.0 / 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
Medeiros Financial Services Inc logo
Visit WebsiteWebsite

Medeiros Financial Services Inc

2348 Post Rd., Suite 6, Warwick, RI 02886
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Medeiros Financial Services Inc. caters to clients in the Warwick area. Individuals and families can get the firm's help with budgeting and cash flow so that they meet their financial goals. Its team also assists with choosing insurance policies that would allow wealth to be passed on to beneficiaries, along with setting up a retirement plan that can sustain a client's needs after leaving the workforce. In addition, the company helps people and businesses by minimizing tax liabilities.

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
Nakowicz Financial logo
Visit WebsiteWebsite

Nakowicz Financial

1464 Warwick Avenue, Warwick, RI 02888
Visit WebsiteWebsite
  • Wealth Management

Business Description

Serving Warwick and the surrounding areas, Nakowicz Financial is a group of accountants who help simplify the financial lives of its clients. Since its establishment in 1997, Nakowicz Financial has evolved into a full-service financial firm, providing services like financial advising and wealth management, trust and estate planning, and retirement planning. The firm also offers a variety of tax and business services, such as tax debt solutions, tax preparation, bookkeeping and accounting, and payroll services.

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
––
Oceanstate Financial Services logo
Visit WebsiteWebsite

Oceanstate Financial Services

1 Coast Way Boulevard Suite 103, Warwick, RI 02886
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Business Description

Oceanstate Financial Services provides businesses and individuals in Warwick with advice on how to accomplish and sustain financial goals. It assists clients with organizing finances, planning and managing investments, and managing risks. It also offers counsel for major purchase decisions and college savings, as well as estate planning matters. Among its team of financial advisors is John Kashmanian, who is designated as a Certified Financial Planner by the Certified Financial Planner Board of Standards, 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 (8)
Facebook
5.0 / 5 (7)
Pioneer Financial Group logo
Visit WebsiteWebsite

Pioneer Financial Group

117 Metro Center Boulevard, Suite 2008, Warwick, RI 02886
Visit WebsiteWebsite
  • Certified Financial Planner (CFP)

Business Description

Pioneer Financial Group helps Warwick clients plan and manage their finances in line with their life goals. It assesses the current situation of its clients, recommends insurance and investment plans, and monitors progress. The products and services it also offers include immediate, fixed, and deferred annuities and insurances with varying terms. The firm was established in 1999 and has since then been active in various community events, such as the 5 for 5 Charity Series.

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
StrategicPoint logo
Visit WebsiteWebsite

StrategicPoint

294 W Exchange St, Providence, RI 02903
Visit WebsiteWebsite
  • Investment Management
  • Financial Planning

Business Description

StrategicPoint is a wealth management firm that provides investment management, financial planning, and insurance services to clients in Warwick. The firm takes a holistic approach by developing a strong financial foundation, evaluating clients' insurance needs, passing on wealth, and forecasting for retirement. Its investment team builds diversified portfolios, conducts market analysis, and makes adjustments based on its clients' investment objectives. In 2015, the firm's CIO, Betsey A. Purinton, was named a Business Women Achievement Honoree by Providence Business News.

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
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