The median advisory fee in Smithfield, RI is 1.76% of assets under management. This is 41% above the national median. Fees vary based on portfolio size, services provided, and the advisor's fee structure.
There are 67 fee-only financial advisors in Smithfield, RI, representing 89.3% of all advisors in the area. Fee-only advisors do not earn commissions from selling financial products, which can reduce potential conflicts of interest.
The most common professional designation among Smithfield advisors is the CFP (Certified Financial Planner), held by 7 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.