How to Choose a Financial Advisor in SPRINGFIELD, MA

A data-driven guide based on 80 registered advisors in SPRINGFIELD

Local Market Overview

There are 80 registered financial advisors in SPRINGFIELD, Massachusetts. Approximately 84% report fee-based compensation, while 0% include commission-based compensation. The average firm serving SPRINGFIELD manages $41.4B in assets.

Registered Advisors

In SPRINGFIELD, MA

Avg Firm AUM

$41.4B

Assets under management

Top Credential

—

Community Profile

SPRINGFIELD has a population of 155,305 with a median household income of $47,677. The median age is 33.4.

Advisor density: 5.2 per 10K residents

Median income: $47,677

Compensation Types Reported

Percentage of AUM

84% of advisors · 67 total

Subscription fees

40% of advisors · 32 total

Hourly charges

30% of advisors · 24 total

Other: SOLICITORS FEES

24% of advisors · 19 total

Performance-based fees

15% of advisors · 12 total

Other: A PERCENTAGE OF AUM OF CIT FUNDS FOR OVERLAY ADVISORY SERVICES

10% of advisors · 8 total

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 Massachusetts 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.

Browse Advisors in SPRINGFIELD

80 advisors in SPRINGFIELD, MA

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

Browse SPRINGFIELD Advisors All Cities in Massachusetts

Frequently Asked Questions

How many financial advisors are in SPRINGFIELD, MA?

There are 80 registered financial advisors in SPRINGFIELD, Massachusetts, according to SEC and FINRA registration data.

What credentials should a financial advisor in SPRINGFIELD have?

Look for CFP (Certified Financial Planner) for comprehensive planning, CFA for investment management, or ChFC for insurance and estate planning.

Are financial advisors in SPRINGFIELD 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 SPRINGFIELD 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.

Guides for Nearby Cities

BOSTON Guide (4228)CAMBRIDGE Guide (266)WALTHAM Guide (210)WELLESLEY Guide (201)NEWTON Guide (143)NEEDHAM Guide (97)BRAINTREE Guide (69)WESTWOOD Guide (54)WELLESLEY HILLS Guide (46)LEXINGTON Guide (42)

Browse SPRINGFIELD Advisors by Specialty

Investment Management Retirement Planning Wealth Management Financial Planning Fee-Only Advisory Financial Education

More Research

What Do Financial Advisors Cost in Massachusetts? →National Fee Analysis →