Best Financial Advisors in Decatur

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
50+
Advisors
4.7/5.0
Average Rating

Decatur Financial Landscape

Decatur's economy is bolstered by manufacturing, healthcare, and retail sectors. The city benefits from its strategic location along the Tennessee River.

Major industries
Manufacturing, Healthcare, Retail
Population
55.8K (metro: 558.2K)
Median household income
$48,000
Unique needs
Decatur requires investment in tech and healthcare sectors to foster economic growth and stability.
Market Insights
Economic Growth
According to BEA (2023), Decatur's economy has seen a 3% growth rate, driven by manufacturing and healthcare expansions.
Wealth Demographics
According to Census (2023), the median income in Decatur is approximately $48,000, reflecting a stable middle-class demographic.
Advisor Specializations
Based on BLS (2023), financial advisors in Decatur are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Decatur's cost of living is 10% lower than the national average, making it an affordable place to live.
Real Estate Market
According to Zillow (2024), home prices in Decatur have increased by 5% over the past year, indicating a competitive real estate market.
Business Environment
According to Fortune (2024), Decatur's business climate is favorable, with incentives for small businesses and a supportive local government.

Top 5 Financial Advisors in Decatur

Dewayne Eddy - LPL Financial
★ ★ ★ ★ ★ 5
RIVERFRONT WEALTH MANAGEMENT
★ ★ ★ ★ ★ 5
The Albany Group
★ ★ ★ ★ ★ 5
Lentz Thompson Retirement Advisors
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Tore K Haavik, AAMS®|CKA®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Decatur, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Decatur-Specific Expertise
For Decatur residents working in Manufacturing, Healthcare, Retail, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Decatur's manufacturing focus risks economic downturns; housing market shows signs of inflation. Prepare for tornadoes and flooding; diversify investments.

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