Top Financial Advisors in Towson, MD

Q: How much does a financial advisor cost in Towson?

The median advisory fee in Towson, MD is 1.50% of assets under management.

Q: How many fee-only advisors are in Towson?

There are 219 fee-only financial advisors in Towson, MD, representing 60.3% of all advisors in the area.

219 fee-only82 CFP certifiedMedian fee: 1.50% on $500K

Top Advisors in Towson

CFP

Median Advisor Fee

Towson1.50%

National1.25%

20% above the national median

Portfolio: $500K

$0$500K$1M$5M$20M

Compensation Types

Fee-Only60.3%

Includes Commission39.7%

Top Credentials

CFP82 advisors

CFA22 advisors

Frequently Asked Questions

How much does a financial advisor cost in Towson?

The median advisory fee in Towson, MD is 1.50% of assets under management. This is 20% above the national median. Fees vary based on portfolio size, services provided, and the advisor's fee structure.

How many fee-only advisors are in Towson?

There are 219 fee-only financial advisors in Towson, MD, representing 60.3% of all advisors in the area. Fee-only advisors do not earn commissions from selling financial products, which can reduce potential conflicts of interest.

What credentials should I look for in a Towson financial advisor?

The most common professional designation among Towson advisors is the CFP (Certified Financial Planner), held by 82 advisors. Other important credentials include the CFA (Chartered Financial Analyst) and CPA (Certified Public Accountant). These certifications require rigorous education, examination, and ongoing continuing education.