Top Financial Advisors in Troy, MI
Top Advisors in Troy
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Troy?
The median advisory fee in Troy, MI is 1.38% 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 Troy?
There are 603 fee-only financial advisors in Troy, MI, representing 65.6% 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 Troy financial advisor?
The most common professional designation among Troy advisors is the CFP (Certified Financial Planner), held by 144 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.