Who is most trusted financial advisor?

Finding a Top Financial Advisor Firm

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Accordingly, who is the best financial advisor in the country?

An Advisor to Clients Large and Small

Also question is, do I need a wealth management advisor?

The kind of financial advisor you need depends on your individual situation. In general, you should consider a wealth manager if have a high net worth and want comprehensive management of your finances. … An advisor with a more general background, like a certified financial planner (CFP), could also be a good fit.

Can Financial Advisors steal your money?

If your financial advisor outright stole money from your account, this is theft. These cases involve an intentional act by your financial advisor, such as transferring money out of your account. However, your financial advisor could also be stealing from you if their actions or failure to act causes you financial loss.

10 Related Question Answers Found

Why you should not use a financial advisor?

Avoiding Responsibility

It’s really easy to become dependent on your financial advisor. … The fees you pay to a financial advisor may not seem like a lot, but it is a huge amount of money in the long-term. Even a 2% fee can wipe out a significant amount of your future wealth building.

Can you trust financial advisors?

An advisor who believes in having a long-term relationship with you—and not merely a series of commission-generating transactions—can be considered trustworthy.

Can financial advisors make millions?

Top yearly base compensation at regional broker-dealers and wirehouses ranges from $140,000 for financial advisors at UBS whose 2017 production will be $400,000, to $1,105,000 for Raymond James & Associates financial advisors whose production this year hits $2 million, according to a new survey by the publication On …

What are the top 5 investment firms?

The rankings here reflect the top 10 investment management firms by assets and net income.

1. UBS Wealth Management. …
2. Credit Suisse. …
3. Morgan Stanley Wealth Management. …
4. Bank of America Global Wealth & Investment Management. …
5. J.P. Morgan Private Bank. …
6. Goldman Sachs. …
7. Charles Schwab. …
8. Citi Private Bank.

Is AXA Advisors a pyramid scheme?

The company is set up like a pyramid scheme that hires people on to burn through their contacts and have family/friends stuck in a position with the manager that hires you on. Also they charge you $600 for on boarding. Yes, they charge you for on boarding.

Is AXA Equitable a pyramid scheme?

Equitable Advisors – This is a true pyramid scheme.

Does AXA Advisors pay a salary?

The typical AXA Financial Advisor salary is $27,980. … When factoring in bonuses and additional compensation, a Financial Advisor at AXA can expect to make an average total pay of $42,344 .

At what net worth should you get a financial advisor?

How much do you need in assets to hire a financial advisor? Although you may find some advisors willing to take you on with any amount of assets, you may find many advisors will only advise high-net-worth clients and impose investment minimums of $100,000 on the low end ranging up to $1 or $2 million.

What is the difference between a financial advisor and a wealth advisor?

Financial advisors offer many of the same services as a wealth manager but on a lesser scale. This typically includes financial planning, investment management and, in some cases, wealth management. A financial advisor may help clients monitor their portfolio and design and implement investment strategies.

What is the best wealth management firm?

Top Wealth Management Firms