Top Financial Advisors in Wakefield, MA
Top Advisors in Wakefield
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Wakefield?
The median advisory fee in Wakefield, MA is 1.32% of assets under management. This is 6% 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 Wakefield?
There are 119 fee-only financial advisors in Wakefield, MA, representing 92.2% 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 Wakefield financial advisor?
The most common professional designation among Wakefield advisors is the CFP (Certified Financial Planner), held by 22 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.