The median advisory fee in Bronx, NY is 1.35% of assets under management. This is 17% above the national median. Fees vary based on portfolio size, services provided, and the advisor's fee structure.
There are 63 fee-only financial advisors in Bronx, NY, representing 81.8% 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 Bronx advisors is the CFP (Certified Financial Planner), held by 5 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.