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Best Financial Advisors in Charleston

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Charleston, SC
  • 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.

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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)

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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

Bera Wealth Advisors logo
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Bera Wealth Advisors

235 Magrath Darby Blvd. Suite 120, Mt. Pleasant, SC 29464
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  • Certified Financial Planner (CFP)

Business Description

Bera Wealth Advisors provides financial planning and wealth management services to clients in Charleston. Its financial advisors help clients create financial plans for investments, cash flow management, and risk management. In addition, the company assists individuals in planning for education, retirement, and legacy. The company's founding partner, Chrys Kanos, is a chartered life underwriter and chartered financial consultant with experience in personal financial planning, wealth management, estate planning, and risk management. He is also certified in long-term care.

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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Clem Collaborative logo
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Clem Collaborative

2 Gillon St Ste 100, Charleston, SC 29401
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  • Tax Preparation
  • Finance Planning

Business Description

Clem Collaborative is a company that caters to individuals and corporations in Charleston and the surrounding areas. It helps clients secure their future and achieve their financial goals by providing them with a wide range of services, including tax planning, tax preparation, money coaching, bookkeeping, and financial planning. Steven E. Clem, the founder of Clem Collaborative, earned the EA designation in 2004. He also serves as the president of the South Carolina Chapter of the National Association of Tax Professionals.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Facebook
4.8 / 5 (17)
Google
4.9 / 5 (11)

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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Coastal Financial Planning Group logo
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Coastal Financial Planning Group

78 Ashley Point Drive, Ste 201, Charleston, SC 29407
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  • Certified Financial Planner (CFP)

Business Description

Coastal Financial Planning Group is an ISO-certified wealth management firm that serves individuals, families, and retirees in Charleston and surrounding communities, including Johns Island and Mount Pleasant. Since 2003, it has been providing various services, such as estate planning, retirement planning, tactical asset allocation, and advanced tax planning. Its team of financial advisors performs thorough income and existing investment analyses. Founder and chief investment advisor Rick Durkee also holds a life and disability insurance license and a Series 65 securities license.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)
Yelp
5.0 / 5 (1)

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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Coastal Wealth Advisors logo
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Coastal Wealth Advisors

3464 Maybank Highway, Unit E, Johns Island, SC 29455
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  • Certified Financial Planner (CFP)

Business Description

Coastal Wealth Advisors serves clients in Charleston and the surrounding areas. It helps clients achieve their financial objectives through financial planning, investment management, and retirement planning. Founder Justin Follmer has been serving high-net-worth individuals and families, entrepreneurs, charitable organizations, and small businesses for more than 10 years. He is a Marine Corps veteran who integrates the core values of honor, courage, and commitment into how he deals with clients and business processes.

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)

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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Commonwealth Financial Group logo
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Commonwealth Financial Group

225 Seven Farms Dr, Suite 106, Charleston, SC 29492
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  • Certified Financial Planner (CFP)

Business Description

Commonwealth Financial Group serves residents of Charleston who are in a variety of economic situations. It helps families and individuals create comprehensive plans for growing their money, preserving wealth, planning for retirement, or setting up a will. Its agents advise business owners on business succession, executive compensation, and tax planning. They also accommodate the needs of medical professionals in practice management, asset protection, and retirement planning. Amanda Campbell is the director of financial planning. She is a CFP with Finra registration of 6, 7, 63, and 65.

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 (12)

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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Detail
Cornerstone Wealth Advisory Group logo
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Cornerstone Wealth Advisory Group

8550 Dorchester Rd, North Charleston, SC 29420
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  • Retirement Planning
  • Investment Management

Business Description

Founded in 2007, Cornerstone Wealth Advisory Group provides a full range of insurance and retirement planning services for clients in Charleston and neighboring areas. Through its partnership with over 150 insurance and investment companies, the firm can provide a wide range of products and services. It specializes in helping sports professionals and entertainers in wealth management and preservation matters, including personalized investment portfolios. Cornerstone Wealth Advisory Group has been featured in Forbes Magazine and named South Carolina Financial Leaders.

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.
4.9
Facebook
4.9 / 5 (86)
Google
5.0 / 5 (39)

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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Detail
––
Elwood & Goetz logo
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Elwood & Goetz

656 Ellis Oak Ave, Suite 114, Charleston, SC 29412
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  • Financial Planning

Business Description

Elwood & Goetz is a wealth management firm that offers services to individuals and businesses in Charleston. Its team works with clients to build an investment portfolio, manage taxes, protect cash flow and net worth, and prepare for retirement and estate decisions. Business owners offer advice regarding business strategies, succession planning, and 401(k)/retirement matters. The firm was established in 2006 to help clients navigate their financial future. Its Certified Financial Planners also serve clients in Atlanta and Athens.

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 (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
Good Life Financial Advisors of Mt. Pleasant, SC logo
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Good Life Financial Advisors of Mt. Pleasant, SC

1124 Park West Blvd. Suite 102, Mount Pleasant, SC 29466
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Good Life Financial Advisors of Mt. Pleasant, SC, is an independent firm that caters to clients in the Charleston metro. It offers personalized wealth management, financial planning, estate planning, and life insurance review services. The company uses ROBO Investor as its financial tool and helps clients automate, curate, and manage their investment portfolios. Good Life Financial is an affiliate of LPL Financial. In addition, its senior investment executive, Fred Claghorn, is 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 (6)

Professionalism:

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

210 Wingo Way Suite 300, Mt. Pleasant, SC 29464
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  • Retirement Planning

Business Description

Legacy Wealth Management is a fiduciary firm that provides financial guidance to help clients in Charleston achieve their goals. It offers assistance in financial planning, investment management, and tax strategies. Its advisors guide clients in planning their retirement by reviewing their wealth and identifying potential income sources to optimize their retirement lifestyle. President R. Bennett Firestone Jr., who has been in the industry for 19 years, is also a managing partner at Financial Advocacy Network, LLC.

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
4.3 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Detail
Lighthouse Wealth Advisors of Charleston, LLC logo
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Lighthouse Wealth Advisors of Charleston, LLC

1032 Savannah Highway, Charleston, SC 29407
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Lighthouse Wealth Advisors of Charleston, LLC, offers individual financial planning services. It aids its clients in charting a course—which involves income and retirement planning, investment and portfolio management, and education funding—by creating a financial roadmap for their goals. It also offers wealth management solutions, creating a portfolio based on customers' risk tolerance and individual goals. It can include fee-based accounts, mutual and indexed funds, brokerage accounts, and variable and fixed annuities. The Charleston's office president, Wes McKenna, is a Life Underwriter Training Council Fellow.

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)
Moneycoach logo
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Moneycoach

887 Johnnie Dodds Blvd. Suite 213, Mount Pleasant, SC 29464
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  • Retirement Planning
  • Financial Planning

Business Description

Moneycoach is financial planning firm that helps improve the finances of individuals and families based in Charleston and nearby areas. It comprises a team of financial planners who utilize a technique called the MoneyCoach Game plan. The team's financial planning technique is divided into four distinct phases, keeping clients on the right track in achieving life goals. Some of the services available are investment management, tax planning, estate preservation, business consulting, retirement planning, and life risk 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 (8)
Yelp
5.0 / 5 (1)

Professionalism:

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

126 Seven Farms Drive Suite 160, Daniel Island, SC 29492
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  • Certified Financial Planner (CFP)

Business Description

Oak Capital Advisors LLC is a group of Certified Financial Planners serving families and business owners in Charleston and the surrounding areas. As a fiduciary, the firm legally and ethically prioritizes the needs and interests of its clients. It offers services such as retirement planning, exit planning, insurance planning, and investment management. Its other services include estate planning and tax management. Oak Capital Advisors focuses on reducing risk, making smarter investments, and minimizing tax.

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)
Oak Capital Management logo
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Oak Capital Management

501 Wando Park Blvd., Suite 140, Mount Pleasant, SC 29464
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Oak Capital Management, LLC, advises individuals, families, and businesses on financial planning. Comprising 10 Certified Financial Planners and several team members with degrees in business and finance, the financial advisory firm serves Charleston and metros in North and South Carolina. It helps clients with investment management, tax planning, asset allocation and protection, business funding strategies, debt management, and life and disability insurance. The firm has over 150 years of combined experience and is committed to establishing long-term partnerships with its 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.
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
Oak Street Advisors logo
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Oak Street Advisors

222 W. Coleman Blvd. Ste. 104, Mt. Pleasant, SC 29464
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  • Certified Financial Planner (CFP)

Business Description

Since 2005, Oak Street Advisors has been serving current retirees, business owners, and individuals in the Charleston metro. The firm offers various services, such as tax planning, investment advisory, and financial planning. Its team of fiduciary financial advisors implements Roth IRA conversion strategies to improve the clients' financial outcomes. Before opening Oak Street Advisors, president and founder Joe Taylor used to work with two Wall Street firms, where he learned the basics of financial planning and portfolio management for 16 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (12)

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
Oceanside Advisors, LLC logo
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Oceanside Advisors, LLC

235 Magrath Darby Boulevard Suite 140, Mount Pleasant, SC 29464
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  • Estate Planning
  • Retirement Planning
  • Financial Planning

Business Description

Oceanside Advisors, LLC, provides fiduciary-based investing and financial planning services to clients in and around Charleston. The company's advisors help individuals and families who are dealing with complex financial decisions. They handle financial planning that covers net worth statement preparation, cash flow analysis, mortgage planning, and student loan planning. Johann Kroll, the firm's founder, has CFA and CFP designations. Kroll also holds a bachelor's degree in Finance and has over 12 years of personal investing experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Runey & Associates logo
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Runey & Associates

761 Coleman Blvd., Suite E, Mt. Pleasant, SC 29464
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  • Tax Planning
  • Retirement Planning
  • Chartered Financial Analyst (CFA)

Business Description

Runey & Associates is a fiduciary financial planning company that focuses on serving those 50 years and older in Charleston and neighboring areas. While it mainly assists in retirement planning, the firm's financial advisors also handle investment management, tax planning, social security timing, and insurance optimization matters. Founder James Runey III, a native of Charleston, holds a Chartered Financial Analyst designation. Before opening the firm, he worked as an investment banker and ran a private equity firm abroad.

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 (31)
Yelp
5.0 / 5 (1)

Professionalism:

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