2024 Top 1200 U. S. Financial Advisors Ranked by State (2024)

FAQs

What is the best state to be a financial advisor in? ›

The highest salaries for financial planners are in Connecticut, Maine, Rhode Island, New York and New Jersey. States such as the District of Columbia, Florida and North Carolina offer high salaries for financial advisors because of the large number and high concentration of financial companies in these states.

Not surprisingly, New York and California house the largest populations of registered investment advisors, according to the 2014 Evolution Revolution report released by NRS and the Investment Adviser Association.

The Forbes ranking of America's Top Wealth Advisors and Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria learned through telephone, virtual and in-person due diligence interviews, and quantitative data such as revenue trends and assets under management.

The top 5 are: 545 Group, Jones Zafari Group, The Polk Wealth Management Group, Hollenbaugh Rukeyser Safro Williams, The Erdmann Group.

Choosing between Edward Jones and Charles Schwab hinges on individual circ*mstances and financial objectives. While Edward Jones excels in personalized financial advising and strong client-advisor relationships, Charles Schwab stands out for its comprehensive range of financial services and transparent fee structures.

What is better than a financial advisor? ›

However, if you want support for developing a comprehensive long-term plan for your finances, you may be better off working with a financial planner. A financial planner might be the best fit if you: Want help developing a long-term financial plan.

Edward Jones serves as an investment advice fiduciary at the plan level and provides educational services at both the plan and participant levels, if applicable.

Citibank's Citigold Private Client (CPC) program has been named the "Best Bank for High-Net-Worth Families" by Kiplinger's for five consecutive years. This prestigious recognition highlights Citibank's commitment to providing exceptional service and comprehensive wealth management solutions to affluent clients.

The wealthiest people in the U.S. are as wealthy as ever—and the cutoff to make the list now stands at a record-tying $2.9 billion.

The Bureau of Labor Statistics predicts employment of financial advisors will expand much faster than the average occupation. Growth is concentrated in cities with strong financial services sectors, but jobs can be found almost anywhere. An aging population seeking help with retirement planning helps fuel demand.

Financial advisors provide financial advice to clients. There are a number of places to work as an advisor including banks, brokerage firms, insurance companies, and wealth management firms. You may need some experience if you decide to branch out on your own as an independent advisor.

Financial planning is about helping people achieve their financial and lifestyle goals. If this sounds like the career for you, it's the perfect time to take a leap: changes to the industry have created a boom in opportunities for qualified financial planners.