Top Financial Advisors in Wayzata, MN

Q: How much does a financial advisor cost in Wayzata?

The median advisory fee in Wayzata, MN is 1.50% of assets under management.

Q: How many fee-only advisors are in Wayzata?

There are 148 fee-only financial advisors in Wayzata, MN, representing 32.5% of all advisors in the area.

Q: What credentials should I look for in a Wayzata financial advisor?

The most common professional designation among Wayzata advisors is the CFP (Certified Financial Planner), held by 54 advisors.

148 fee-only54 CFP certifiedMedian fee: 1.50% on $500K

Top Advisors in Wayzata

CFP

Median Advisor Fee

Wayzata1.50%

National1.15%

30% above the national median

Portfolio: $500K

$0$500K$1M$5M$20M

Compensation Types

Fee-Only32.5%

Includes Commission67.5%

Top Credentials

CFP54 advisors

CFA4 advisors

Frequently Asked Questions

How much does a financial advisor cost in Wayzata?

The median advisory fee in Wayzata, MN is 1.50% of assets under management. This is 30% 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 Wayzata?

There are 148 fee-only financial advisors in Wayzata, MN, representing 32.5% 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 Wayzata financial advisor?

The most common professional designation among Wayzata advisors is the CFP (Certified Financial Planner), held by 54 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.