City Guide

How to Choose a Financial Advisor in EDEN PRAIRIE, MN

A data-driven guide based on 48 registered advisors in EDEN PRAIRIE
01

Local Market Overview

There are 48 registered financial advisors in EDEN PRAIRIE, Minnesota. Approximately 92% report fee-based compensation, while 0% include commission-based compensation. The average firm serving EDEN PRAIRIE manages $984M in assets.

Registered Advisors
48
In EDEN PRAIRIE, MN
Avg Firm AUM
$984M
Assets under management
Top Credential
—
Community Profile

EDEN PRAIRIE has a population of 63,623 with a median household income of $129,345. The median age is 39.5.

Advisor density: 7.5 per 10K residents
Median income: $129,345
Compensation Types Reported
Percentage of AUM
92% of advisors · 44 total
Subscription fees
85% of advisors · 41 total
Hourly charges
58% of advisors · 28 total
Other: REFERRAL FEES
6% of advisors · 3 total
Other: PERCENTAGE OF ASSETS ON WHICH WE CONSULT
4% of advisors · 2 total
Performance-based fees
4% 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 Minnesota 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 EDEN PRAIRIE

48 advisors in EDEN PRAIRIE, MN

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

Browse EDEN PRAIRIE AdvisorsAll Cities in Minnesota
04

Frequently Asked Questions

How many financial advisors are in EDEN PRAIRIE, MN?
There are 48 registered financial advisors in EDEN PRAIRIE, Minnesota, according to SEC and FINRA registration data.
What credentials should a financial advisor in EDEN PRAIRIE 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 EDEN PRAIRIE 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 EDEN PRAIRIE 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
MINNEAPOLIS Guide (894)MINNETONKA Guide (136)EDINA Guide (122)ST PAUL Guide (111)PLYMOUTH Guide (97)BLOOMINGTON Guide (93)WAYZATA Guide (91)ARDEN HILLS Guide (38)SAINT PAUL Guide (37)MAPLE GROVE Guide (23)
Browse EDEN PRAIRIE Advisors by Specialty
Investment ManagementRetirement PlanningWealth ManagementFinancial PlanningFee-Only AdvisoryFinancial Education
More Research
What Do Financial Advisors Cost in Minnesota? →National Fee Analysis →