For many, working with a financial advisor may seem like something for the super rich. But you don’t need to be wealthy to potentially benefit from financial advice. 

A financial advisor could help you best determine if you are on track to meet your long-term financial goals. This expert could work to help you potentially save more, reduce your debt and invest more wisely.

Consulting a fiduciary financial advisor can be a great first step to helping make sure you’re on track to meet your financial goals, regardless of your income level. That's why we created a free tool to help match you with up to three financial advisors.

Click here to take our free quiz and get matched with vetted advisors in just a few minutes, each obligated to work in your best interest.

Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.¹

A 2022 Northwestern Mutual study found that 62% of U.S. adults admit their financial planning needs improvement. However, only 35% of Americans work with a financial advisor.²

For many, the excuse for not working with a financial advisor is the false assumption that they can’t afford it. In actuality, the fees financial advisors charge could potentially be less than most people think, and the insights they add could potentially surpass an advisor's cost.

There are two types of financial advisors: fee-only and commission-based.

Fee-only financial advisors are preferable, especially fiduciaries, who are obligated by law to act in your best interest and disclose any potential conflicts of interest.

This free quiz can match you with up to three fiduciary financial advisors who serve your area in just a few minutes.

Commission-based advisors, on the other hand, are paid based on the product referrals and sales they make.

The truth is, financial advisors often charge a percentage fee for Assets Under Management (AUM) of between 0.59 - 1.18%. A 2021 AdvisoryHQ study found that the average AUM fee for a $50,000 account was about 1.18% or $590.⁴

Common Fee Types & Costs

• Percentage of Assets Under Management: 0.59% - 1.18% per year
• Fixed Fees: $7,500 for portfolios under $500K
• Hourly Fees: $120 - $300 per hour

The figures above are examples only and used to illustrate what typical fees for financial advisors and their structure looks like. Please carefully review fee structures with your investment advisor and review your advisor’s form ADV and CRS.

Consulting a fiduciary financial advisor could help you determine a plan that factors your assets and taxes into your overall retirement and estate-planning goals. Fiduciaries are obligated by law to act in your best interest and any potential conflicts of interest must be disclosed.

Yet knowing how to find a vetted fiduciary advisor is, for many, the most confusing task of all. Common Google searches related to the topic reveal a desperate search for direction. "Fiduciary financial advisors near me,” "best fiduciary financial advisor,” and "financial investment advisors near me” are searched hundreds of times per day.

Finding a fiduciary shouldn't be that hard. Thankfully, now it isn't.

Our free matching quiz helps Americans get matched with up to three fiduciary advisors who serve their area so they can compare and decide which advisor to work with. All advisors on the matching platform have been rigorously vetted through our proprietary due diligence process.

The quiz takes just a few minutes, and in many cases, you can be connected instantly with an advisor to have an introductory call.