Top Financial Advisors in Beverly, MA
Top Advisors in Beverly
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Beverly?
The median advisory fee in Beverly, MA is 1.56% of assets under management. This is 25% 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 Beverly?
There are 50 fee-only financial advisors in Beverly, MA, representing 43.1% 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 Beverly financial advisor?
The most common professional designation among Beverly advisors is the CFP (Certified Financial Planner), held by 20 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.