How to Choose a Financial Advisor in WELLESLEY, MA

A data-driven guide based on 105 registered advisors in WELLESLEY

Local Market Overview

There are 105 registered financial advisors in WELLESLEY, Massachusetts. Approximately 87% report fee-based compensation, while 15% include commission-based compensation. The average firm serving WELLESLEY manages $2.6B in assets.

Registered Advisors

105

In WELLESLEY, MA

Avg Firm AUM

$2.6B

Assets under management

Top Credential

CFP

3 advisors

Community Profile

WELLESLEY has a population of 29,862 with a median household income of $250,001. The median age is 37.6.

Advisor density: 35.2 per 10K residents

Median income: $250,001

Most Common Credentials in WELLESLEY

CFP

3 advisors

ChFC

1 advisors

Compensation Types Reported

Percentage of AUM

87% of advisors · 91 total

Subscription fees

52% of advisors · 55 total

Hourly charges

25% of advisors · 26 total

Commissions

15% of advisors · 16 total

Other: 12B-1 FEES

15% of advisors · 16 total

Performance-based fees

7% of advisors · 7 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 WELLESLEY

105 advisors in WELLESLEY, MA

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

Browse WELLESLEY Advisors All Cities in Massachusetts

Frequently Asked Questions

How many financial advisors are in WELLESLEY, MA?

There are 105 registered financial advisors in WELLESLEY, Massachusetts, according to SEC and FINRA registration data.

What credentials should a financial advisor in WELLESLEY 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 WELLESLEY advisors is CFP.

Are financial advisors in WELLESLEY 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 WELLESLEY 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 WELLESLEY 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 →