Top Financial Advisors in Providence, RI
Top Advisors in Providence
Median Advisor Fee
Compensation Types
Top Credentials
Frequently Asked Questions
How much does a financial advisor cost in Providence?
The median advisory fee in Providence, RI 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 Providence?
There are 228 fee-only financial advisors in Providence, RI, representing 48% 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 Providence financial advisor?
The most common professional designation among Providence advisors is the CFP (Certified Financial Planner), held by 47 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.