Top Financial Advisors in Philadelphia, PA
Top Advisors in Philadelphia
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Philadelphia?
The median advisory fee in Philadelphia, PA is 1.47% of assets under management. This is 18% 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 Philadelphia?
There are 690 fee-only financial advisors in Philadelphia, PA, representing 54.4% 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 Philadelphia financial advisor?
The most common professional designation among Philadelphia advisors is the CFP (Certified Financial Planner), held by 165 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.