Top Financial Advisors in Rochester, MN
Top Advisors in Rochester
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Rochester?
The median advisory fee in Rochester, MN is 1.11% of assets under management. This is 3% below the national median. Fees vary based on portfolio size, services provided, and the advisor's fee structure.
How many fee-only advisors are in Rochester?
There are 173 fee-only financial advisors in Rochester, MN, representing 67.1% 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 Rochester financial advisor?
The most common professional designation among Rochester advisors is the CFP (Certified Financial Planner), held by 37 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.