Top Financial Advisors in Brooklyn, NY
Top Advisors in Brooklyn
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Brooklyn?
The median advisory fee in Brooklyn, NY is 1.45% of assets under management. This is 16% 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 Brooklyn?
There are 549 fee-only financial advisors in Brooklyn, NY, representing 79.7% 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 Brooklyn financial advisor?
The most common professional designation among Brooklyn advisors is the CFP (Certified Financial Planner), held by 55 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.