Top Financial Advisors in Minnetonka, MN
Top Advisors in Minnetonka
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Minnetonka?
The median advisory fee in Minnetonka, MN is 1.25% of assets under management. This is 9% 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 Minnetonka?
There are 400 fee-only financial advisors in Minnetonka, MN, representing 82.5% 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 Minnetonka financial advisor?
The most common professional designation among Minnetonka advisors is the CFP (Certified Financial Planner), held by 121 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.