How to Choose a Financial Advisor in SMITHFIELD, RI

A data-driven guide based on 11 registered advisors in SMITHFIELD

Local Market Overview

There are 11 registered financial advisors in SMITHFIELD, Rhode Island. Approximately 100% report fee-based compensation, while 45% include commission-based compensation. The average firm serving SMITHFIELD manages $119.7B in assets.

Registered Advisors

In SMITHFIELD, RI

Avg Firm AUM

$119.7B

Assets under management

Top Credential

ChFC

2 advisors

Most Common Credentials in SMITHFIELD

ChFC

2 advisors

CFP

1 advisors

Compensation Types Reported

Percentage of AUM

100% of advisors · 11 total

Other: ADMINISTRATION FEES. PERCENTAGE OF REVENUE FROM AFFILIATES

55% of advisors · 6 total

Performance-based fees

55% of advisors · 6 total

Commissions

45% of advisors · 5 total

Hourly charges

45% of advisors · 5 total

Subscription fees

45% of advisors · 5 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 Rhode Island 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 SMITHFIELD

11 advisors in SMITHFIELD, RI

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

Browse SMITHFIELD Advisors All Cities in Rhode Island

Frequently Asked Questions

How many financial advisors are in SMITHFIELD, RI?

There are 11 registered financial advisors in SMITHFIELD, Rhode Island, according to SEC and FINRA registration data.

What credentials should a financial advisor in SMITHFIELD 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 SMITHFIELD advisors is ChFC.

Are financial advisors in SMITHFIELD 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 SMITHFIELD 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 SMITHFIELD Advisors by Specialty

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

More Research

What Do Financial Advisors Cost in Rhode Island? →National Fee Analysis →