With more than , independent financial advisors in the U. Buckingham Wealth Partners. Berknell Financial Group. Blue Ocean Global Wealth. Life Planning Partners, Inc. Capital City Wealth Management. George Grombacher Financial Consulting Professionals. Thanasi Panagiotakopoulos LifeManaged. Brittney Castro Financially Wise, Inc. Alex Chalekian Lake Avenue Financial. Ben Dunbar Gerber Kawasaki. Kimberly Foss Empyrion Wealth Management. Megan Gorman Chequers Financial Management.
Ryan Inman Physician Wealth Services. Anjali Jariwala Fit Advisors. Sarah Lewis Miracle Mile Advisors. Joe McLean Intersect Capital. Colin Overweg Advize Wealth Management. Taylor Schulte Define Financial. Kayse Kress Kayse Kress. Andrew Hall Narwhal Capital Management.
Chloe Moore Financial Staples. Wes Moss Capital Investment Advisors. Matt Reiner Capital Investment Advisors. Learn more about how to choose a financial advisor.
What sort of service you choose to take care of your money is a matter of your needs and comfort level. In-person advisors have the advantage of being able to develop a relationship with you over time.
They might know more about your family, your job and your life in general — thus giving them better insight into your financial needs.
Robo-advisors are a great choice if you only want investment management. If you need more comprehensive financial planning, many online planning services offer dedicated advisors who can give you customized help with a lower price tag than in-person advisors.
As your assets grow and become more complicated — maybe you own a house, have an investment portfolio and are trying to pay off debt — it can be worthwhile to seek help from either a traditional or online advisor.
We recommend working with financial advisors who are fee-only fiduciaries. Fee-only advisors charge flat fees or a percentage of the assets they manage; they do not accept commissions for recommending specific investments. Note: This is not the same as fee-based advisors, who may earn commissions on products they sell and charge clients a fee or percentage of assets.
A fiduciary is legally obligated to act in the client's best interest. Many financial advisors are also investment advisors , meaning they are registered with a regulating body such as their state or the SEC. The best financial advisor for you is the one that meets your needs, both in terms of services offered and the cost of advice. There are several different types of financial advisors too, so be sure to understand what their designations are and how they can best help you. Is it important that you can speak with your advisor in person?
If so, you may want to consider a financial advisor near you who knows both your face and your community. Is cost the biggest driving factor? If you don't mind meeting with an advisor virtually — via phone or video conference — online financial advisors can save you money and provide the comprehensive financial planning and investment management you need. While there are technically no requirements to call yourself a financial advisor, some relevant education will help you reach your goal.
While not always required, many personal financial advisor job postings list it as a desired qualification. It helps to have a degree in finance, economics or another related topic. Gain experience. If possible, try to find an internship that will help you get some firsthand experience.
Many advisory firms also offer on-the-job training for the first year a new advisor is working with them. Having a certification pertinent to your field can help you grow your reputation, gain more clients and earn a higher salary.
Summary of Best Financial Advisors of November Learn more. Read review. Vanguard Personal Advisor Services. Fees 0. Promotion None no promotion available at this time. View details. Pros Low management fee and lower account minimum for an online planning service.
Cons No tax-loss harvesting. Facet Wealth. Pros Free initial consultation. No upfront setup fee. Cons Wide fee range makes it difficult for potential customers to estimate costs. No in-person meeting option. Zoe Financial. Fees Varies by advisor. Why we like it Zoe Financial isn't actually a financial advisory firm — the company connects clients to financial advisors. Because of their wide range of expertise, CFPs are well suited to help you plan out every aspect of your financial life.
They may be particularly helpful for those with complex financial situations, including managing large outstanding debts and will, trust, and estate planning. Robo-advisors offer low-cost, automated investment advice. Most specialize in helping people invest for mid- and long-term goals, like retirement, through preconstructed diversified portfolios of exchange traded funds ETFs. People with complex financial needs should probably choose a conventional financial advisor, although many robo-advisors provide financial planning services a la carte or for higher net worth clients.
Betterment, for example, allows clients to purchase individual financial advising sessions, and Personal Capital, Wealthsimple, and Betterment provide regular financial planning for clients with higher account balances for a management fee. Services offered by financial advisors vary from advisor to advisor, but advisors may provide any of the following:.
In addition to investment management and financial planning, financial advisors also offer emotional support and perspective during volatile economic times. It used to be that financial advisors charged fees that were a percentage of the assets they managed for you.
Today advisors offer a wide variety of fee structures, which helps make their services accessible to clients of all levels of financial means. Commission-only advisors may seem free on paper, but they may receive a portion of what you invest or purchase as a payment. Remember, these advisors may only be held to suitability standards, so they may end up costing what you would pay for a similar financial product suggested by a fiduciary financial advisor—or more.
Fee-only and fee-based financial advisors may charge fees based on the total amount of assets they manage for you assets under management or they may charge by the hour, by the plan, through a retainer agreement, or via a subscription model. Common average financial advisor fee rates are listed in the table below:. Assets under management AUM 1. Research Financial Advisors Because financial advisors come in many forms with many different specialties and offerings, you need to thoroughly research potential advisors.
You want to make sure the person guiding your financial decisions is trustworthy and capable. You can find good financial advisors a couple of ways. Ask friends, family and peers for recommendations. Alternatively, look for financial advisors online. Many professional financial planning associations provide free databases of financial advisors:.
When evaluating advisors, be sure to consider their credentials as well as research their backgrounds and fee structures. Because of the ambiguity in the industry, you have to exercise caution to make sure you get the right financial advisor who meets your fiduciary and financial needs. That said, when you find the right financial advisor for you, they can help you achieve your financial goals and financially protect your loved ones and their futures.
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Personal Finance. Table of Contents. The best online financial advisors How we chose the best financial advisors Other online financial advisors we considered How to find an in-person financial advisor Frequently asked questions.
Popular Articles. Best travel credit cards. Best cash-back credit cards. Today's year mortgage rates. Tanza Loudenback. She broke down personal finance news and wrote about taxes , investing , retirement , wealth building , and debt management. She helmed a biweekly newsletter and a column answering reader questions about money. Tanza joined Business Insider in June and is an alumna of Elon University, where she studied journalism and Italian.
She is based in Los Angeles. Rickie Houston is a wealth-building reporter for Business Insider, tasked with covering brokerage products, investment apps, online advisor services, cryptocurrency exchanges, and other wealth-building financial products.
Previously, Rickie worked as a personal finance writer at SmartAsset, focusing on retirement, investing, taxes, and banking topics. He's contributed to stories published in the Boston Globe, and his work has also been featured in Yahoo News. He graduated from Boston University, where he contributed as a staff writer and sports editor for Boston University News Service.
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