Top Financial Advisors in Minneapolis, MN
Top Advisors in Minneapolis
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Minneapolis?
The median advisory fee in Minneapolis, MN is 1.13% of assets under management. This is 2% below the national median. Fees vary based on portfolio size, services provided, and the advisor's fee structure.
How many fee-only advisors are in Minneapolis?
There are 1,828 fee-only financial advisors in Minneapolis, MN, representing 74.5% 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 Minneapolis financial advisor?
The most common professional designation among Minneapolis advisors is the CFP (Certified Financial Planner), held by 303 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.