Top Financial Advisors in Salem, MA
Top Advisors in Salem
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Salem?
The median advisory fee in Salem, MA 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 Salem?
There are 44 fee-only financial advisors in Salem, MA, representing 81.5% 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 Salem financial advisor?
The most common professional designation among Salem advisors is the CFP (Certified Financial Planner), held by 8 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.