Top Financial Advisors in Andover, MA
Top Advisors in Andover
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Andover?
The median advisory fee in Andover, MA 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 Andover?
There are 75 fee-only financial advisors in Andover, MA, representing 62% 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 Andover financial advisor?
The most common professional designation among Andover advisors is the CFP (Certified Financial Planner), held by 24 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.