Question 1

Why should I hire a financial advisor to manage my money?

Accepted Answer

The core objective of a financial advisor is to get your finances on the right track & help you strategize your spendings, investments & savings to mitigate the future financial risks. A financial advisor creates a plan for you based on your short term & long term financial goals keeping the market situations into consideration and provides you a roadmap to attain those goals.

Question 2

How can I pick a good financial advisor?

Accepted Answer

A good financial advisor is the one who has a sound knowledge of managing finances, the experience of working with market ups & downs & most importantly - understands your financial goals & needs well. To find a 'good' financial advisor, you need to get your financial goals defined & choose the best fiduciary financial advisor that puts your best interest on priority. Choose the best financial advisor for you with our financial advisor's directory.

Question 3

What's the difference between a financial planner and a financial advisor?

Accepted Answer

A financial Advisor provides a vast spectrum of advisory investment management, debt repayment, tax planning, estate planning, retirement planning, insurance depending on your need, whereas a financial planner helps you create a financial plan to help you meet your goals. While the work of a financial planner & a financial overlap at a certain point, there is a fine line of difference based on cost, goals & way of working between the two.

Question 4

How much money should you have before getting a financial advisor?

Accepted Answer

The cost of a financial advisor depends upon factors like experience, certifications & the type of financial advisor. Cost varies as per the type of financial advisor you choose as no one-size-fits-all compensation option for advisors. The most common ways a financial advisor is compensated are fee-only, hourly rates, commission-based, fixed flat rates & percentage of the account. You need to talk to your advisor about the cost involved before hiring the one.

Question 5

What type of financial advisor do I need?

Accepted Answer

Given a wide variety of financial advisors, if you are unable to analyze the type of financial advisor you need, you should consult an advisor who can look at the complete picture. In general terms, the CFP or ChFC certified financial advisor is a preferred choice as in order to achieve the certification one needs a good amount of hands-on experience.

Firm Name	Firm CRD#	Total AUM	No. of Clients	Fee Structure
PRAIRIEWOOD WEALTH MANAGEMENT 3175 Sienna Dr S, Ste 100 Fargo, ND, 58104	149007	$216,828,298	742	A percentage of AUM, Hourly charges, Fixed fees
WEALTH FORWARD, LLC 2632 47th St S., Suite 107 Fargo, ND, 58104	159467	$197,216,763	965	A percentage of AUM, Hourly charges, Fixed fees
FINANCIAL STRATEGIES GROUP 1220 28th Avenue North, Fargo, ND, 58102	122030	$169,820,000	1344	A percentage of AUM, Hourly charges, Fixed fees
RPM ADVISORS, LLC 1133-D Harwood Drive S., Fargo, ND, 58104	167729	$149,372,139	17	A percentage of AUM, Fixed fees
FJELL CAPITAL 27 10th Street North, Fargo, ND, 58102	327541	$145,943,100	523	A percentage of AUM, Hourly charges, Subscription fees, Fixed fees, Other (SETUP / ONBOARDING FEES)
LIGHT FINANCIAL SERVICES, INC. 3575 45th St S, Suite 112 Fargo, ND, 58104	131678	$125,790,175	1599	A percentage of AUM, Fixed fees

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How To Find The Best Financial Advisors in Fargo, North Dakota
Last Updated - 13-Jun-2023

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Top Financial Advisor Firms in Fargo, North Dakota (Ranked by AUM)

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