Top Financial Advisors in Lexington, KY
Top Advisors in Lexington
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Lexington?
The median advisory fee in Lexington, KY 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 Lexington?
There are 381 fee-only financial advisors in Lexington, KY, representing 61.7% 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 Lexington financial advisor?
The most common professional designation among Lexington advisors is the CFP (Certified Financial Planner), held by 101 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.