Can I get paid for investment advice?
Sophia Bowman 
There are three ways financial advisors get paid: Fee-only advisors charge an annual, hourly or flat fee. Commission-based advisors are paid through the investments they sell. Fee-based advisors earn a combination of a fee, plus commissions.
How much do investment planners make?
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| Rank | State | Average Annual Wage |
|---|---|---|
| 1 | New York | $166,100 |
| 2 | California | $141,100 |
| 3 | Connecticut | $137,120 |
| 4 | District of Columbia | $135,770 |
Can you make 300k as a financial advisor?
Successful advisers with five-to-10 years of experience can earn in excess of $300k. A decade or more in, hockey-stick growth in take-home pay is not unheard of.
Is 1.5 high for a financial advisor?
For the smallest portfolios, more than 1 in 5 advisers charge 1.5 percent or more per year. High fees are rarer for wealthier clients, but not unheard of; 1 in 8 advisers charge 1 percent or more to clients with $2 million to $3 million in assets.
Do you need a Fidelity advisor for estate planning?
As part of our offering through Fidelity ® Wealth Services, your dedicated Fidelity advisor will provide access to planning and ongoing investment management based on your financial picture, including guidance on estate-planning strategies.
Can a financial planner give you investment advice?
Financial planners, bankers, and brokers can often provide investment advice for short- and long-term financial goals. Always ask for a financial advisor’s qualifications before making any suggested investments. Investment advice refers to any recommendations regarding an investor’s portfolio.
Can a lawyer give you an investment advice?
Under fiduciary requirements of the Employee Retirement Income Security Act (ERISA), other types of professionals, such as estate-planning attorneys, might find themselves in instances where they could be held liable should they offer guidance that could be constituted as investment advice.
Who is the best person to ask for investment advice?
Financial planners, bankers, and brokers can often provide investment advice for short- and long-term financial goals. Always ask for a financial advisor’s qualifications before making any suggested investments.
