Salem County, NJ Financial Advisors and Resources

Financial Advisor Firms in Salem County, NJ

How Retirement-Friendly is Salem County, NJ?

  • Population: 62,990
  • % of Population 62 Years and Over: 22.6%
  • Average Home Value: $192,100
  • Average Monthly Housing Cost: $1,212
  • Average Household Income: $87,338
  • New Jersey Total Tax Burden: 9.98% (6th Highest in U.S.)
  • New Jersey Property Tax: 4.94% (3rd Highest in U.S.)
  • New Jersey Individual Income Tax: 2.47% (20th Highest in U.S.)
  • New Jersey Sales and Excise Tax: 2.57% (8th Lowest in U.S.)

Salem County, NJ Financial Advisor FAQs

Financial advisors are professionals that guide clients through portfolio allocation with the goal of maximizing performance while minimizing risks. This is done by diversifying applicants' investments along different asset classes such as stocks, bonds and cash.
Financial advisors aid the individuals in transferring assets or converting assets into annuity programs that can generate income during retirement or old age so the individual has sufficient funds for living expenses.
Ask about the source of their training and years of experience, regulatory affiliations and certifications, and fee structures.
Financial advisors can charge in three different ways. They can be paid through product sales. They can be partners or independent contractors with a mutual fund or brokerage firm and get a set fee from the company for providing advice. Finally, they may charge an annual fee to provide advice based solely on assets under management.