Best Financial Advisors in Florence

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
5/5.0
Average Rating

Florence Financial Landscape

Florence's economy is diverse, with a strong emphasis on manufacturing, healthcare, and education. The city benefits from its strategic location along the Tennessee River.

Major industries
Manufacturing, Healthcare, Education
Population
40.1K (metro: 400.6K)
Median household income
$45,000
Unique needs
Florence requires strategies for economic diversification and disaster preparedness due to its geographic location.
Market Insights
Economic Growth
According to BEA (2023), Florence's economy has seen a steady growth rate of 2.5% over the past year, driven by manufacturing and healthcare sectors.
Wealth Demographics
According to Census (2023), the median household income in Florence is approximately $45,000, reflecting a modest economic landscape.
Advisor Specializations
Based on BLS (2023), financial advisors in Florence are increasingly focusing on retirement planning and investment strategies tailored to local industries.
Local Considerations
Cost of Living
According to BLS (2024), Florence's cost of living is 10% lower than the national average, making it an attractive location for families and retirees.
Real Estate Market
According to Zillow (2024), the real estate market in Florence has seen a 5% increase in home values over the past year, but concerns about affordability persist.
Business Environment
According to Fortune (2024), Florence's business climate is favorable, with incentives for new businesses and a supportive local government.

Top 5 Financial Advisors in Florence

Jonathan Henson - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Merrill Lynch Wealth Management
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Nathan Campbell, CFP®
★ ★ ★ ★ ★ 5
Morgan Stanley Financial Advisors
★ ★ ★ ★ ★ 5
Eagle Creek Wealth Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Florence, 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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Florence-Specific Expertise
For Florence residents working in Manufacturing, Healthcare, Education, 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
Florence's manufacturing base poses economic risks; consider diversifying into tech and services. Real estate is vulnerable to market fluctuations and flooding risks.

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