City Guide

How to Choose a Financial Advisor in LAKE MARY, FL

A data-driven guide based on 33 registered advisors in LAKE MARY
01

Local Market Overview

There are 33 registered financial advisors in LAKE MARY, Florida. Approximately 94% report fee-based compensation, while 0% include commission-based compensation. The average firm serving LAKE MARY manages $5.4B in assets.

Registered Advisors
33
In LAKE MARY, FL
Avg Firm AUM
$5.4B
Assets under management
Top Credential
CFP
4 advisors
Community Profile

LAKE MARY has a population of 16,636 with a median household income of $106,971. The median age is 41.9.

Advisor density: 19.8 per 10K residents
Median income: $106,971
Most Common Credentials in LAKE MARY
CFP
4 advisors
CFA
2 advisors
ChFC
1 advisors
Compensation Types Reported
Percentage of AUM
94% of advisors · 31 total
Subscription fees
70% of advisors · 23 total
Hourly charges
39% of advisors · 13 total
Other: PERCENTAGE OF ASSETS UNDER ADVISEMENT
9% of advisors · 3 total
Other: FEES ASSOCIATED WITH OFFSET OF AFFILIATED BROKER DEALER
9% of advisors · 3 total
Other: SUBSCRIPTION FEE AS A FLAT TRADING FEE.
6% of advisors · 2 total
02

What to Look For

Check their credentials
The CFP (Certified Financial Planner) is the gold standard for comprehensive financial planning. A CFA (Chartered Financial Analyst) signals deep investment expertise, while a ChFC (Chartered Financial Consultant) covers insurance and estate planning.
Understand fee structures
Fee-only advisors charge only for their advice (hourly, flat fee, or % of AUM). Fee-based advisors may also earn commissions on products they sell. Commission-only advisors earn money from product sales. Fee-only is generally considered the least conflicted model. See Florida fee analysis →
Verify their registration
Every legitimate advisor should be registered with the SEC or their state. Check FINRA BrokerCheck for disciplinary history, disclosures, and registration status. All advisors on AdvisorOS are sourced from official SEC/FINRA registration data.
Ask about account minimums
Some advisors require $250,000 or more to open an account. Others work with any portfolio size. Ask upfront to avoid wasting time on advisors who aren't a fit.
Review their Form CRS
The Form CRS (Client Relationship Summary) is a 2-page document every advisor must provide. It explains services, fees, conflicts of interest, and disciplinary history in plain language. Ask for it before your first meeting.
03

Browse Advisors in LAKE MARY

33 advisors in LAKE MARY, FL

Search the full directory of registered financial advisors in LAKE MARY. Compare credentials, specialties, and firm details — all based on SEC and FINRA public data.

Browse LAKE MARY AdvisorsAll Cities in Florida
04

Frequently Asked Questions

How many financial advisors are in LAKE MARY, FL?
There are 33 registered financial advisors in LAKE MARY, Florida, according to SEC and FINRA registration data.
What credentials should a financial advisor in LAKE MARY have?
Look for CFP (Certified Financial Planner) for comprehensive planning, CFA for investment management, or ChFC for insurance and estate planning. The most common credential among LAKE MARY advisors is CFP.
Are financial advisors in LAKE MARY required to be fiduciaries?
Registered Investment Advisors (RIAs) have a fiduciary duty to act in your best interest. Broker-dealers follow a suitability standard. Always ask your advisor about their fiduciary status and get it in writing.
What do financial advisors in LAKE MARY charge?
Fees vary widely. Fee-only advisors typically charge 0.5%–1.5% of assets under management, $150–$400/hour, or flat fees of $1,000–$7,500+ per plan. Commission-based advisors may not charge fees directly but earn commissions on products.
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Browse LAKE MARY Advisors by Specialty
Investment ManagementRetirement PlanningWealth ManagementFinancial PlanningFee-Only AdvisoryFinancial Education
More Research
What Do Financial Advisors Cost in Florida? →National Fee Analysis →