How Many Financial Advisors Are in Alabama? A Comprehensive Guide

Alabama is home to a wealth of financial advisors, with 181 firms and 3,147 professionals in total. These experts include Certified Financial Planners (CFPs), Certified Public Accountants (CPAs), Chartered Financial Analysts (CFAs), and other accredited professionals. Stonegate Advisors, a fee-only company, does not charge fees for recommending third-party financial or insurance products. This compensation structure can create a conflict of interest, as advisors may have a financial incentive to recommend certain services and products over others.

If you're looking to find an advisor to work with, SmartAsset's free search tool can help you locate up to three advisors in your area. Southern Financial Group is a payment firm based in Birmingham that works primarily with individuals and high-net-worth individuals. Their advisory team includes 23 CFPs, five Chartered Retirement Planning Advisors (CRPCs), three Chartered Financial Consultants (CHFCs), and other accredited professionals. EverSource Wealth Advisors is another payment company based in Birmingham that works with individuals, families, estates and trusts, charitable foundations, funds, and institutions. To become certified by the CFP Council, a financial advisor must first become a trustee - a professional legally obliged to act in the interests of their clients instead of their own.

Those interested in financial planning can choose between becoming honorary advisors or commissioning advisors.

Financial Literacy in Alabama

Two recent surveys conducted by the Champlain College Center for Financial Literacy and the Council for Economic Education (CEE) found that Alabama has some of the highest financial literacy in the country due to mandatory programs and courses taught in high school. Huntsville's EverSource Wealth Advisors team includes four CFPs, one Chartered Retirement Planning Advisor (CRPC), and one Accredited Trust Investment Analyst (AIFA). These advisors use both fundamental and technical analysis to make financial forecasts and predict price direction.

Salaries of Financial Advisors in Alabama

Below, you'll find data on the salaries of financial advisors, stockbrokers, and insurance agents in Alabama's metropolitan and non-metropolitan regions. According to the Board of Certified Financial Planners (CFP), Alabama is home to 660 CFPs - about 0.7% of the total number of certified financial planners in the country.

With so many qualified professionals available, it's easy to find an advisor who can help you reach your financial goals.

Myra Cañas
Myra Cañas

Unapologetic pop culture lover. Subtly charming music fan. Wannabe coffee nerd. Friendly travel junkie. Wannabe tv junkie. Friendly travel fanatic.

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