Top Financial Advisors in Bloomington, MN
Top Advisors in Bloomington
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Bloomington?
The median advisory fee in Bloomington, MN 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 Bloomington?
There are 360 fee-only financial advisors in Bloomington, MN, representing 55.9% 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 Bloomington financial advisor?
The most common professional designation among Bloomington advisors is the CFP (Certified Financial Planner), held by 170 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.