Best Financial Advisors in Madison

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
60+
Advisors
4.7/5.0
Average Rating

Madison Financial Landscape

Madison's economy is diverse, with a focus on technology, manufacturing, and healthcare. The city benefits from proximity to Huntsville's aerospace and defense industries.

Major industries
Technology, Manufacturing, Healthcare
Population
45.8K (metro: 457.8K)
Median household income
$76,000
Unique needs
Madison requires tailored financial advice for families and professionals in tech and manufacturing sectors.
Market Insights
Economic Growth
According to BEA (2023), Madison's economy has seen a 3% growth rate, driven by tech and manufacturing sectors.
Wealth Demographics
According to Census (2023), the median household income in Madison is $76,000, reflecting a growing affluent population.
Advisor Specializations
Based on BLS (2023), financial advisors in Madison are increasingly focusing on tech sector clients and retirement planning.
Local Considerations
Cost of Living
According to BLS (2024), Madison's cost of living is 5% below the national average, making it an attractive place for families.
Real Estate Market
According to Zillow (2024), Madison's housing market is competitive, with prices increasing by 10% year-over-year due to demand.
Business Environment
According to Fortune (2024), Madison's business climate is favorable, with incentives for tech startups and established manufacturers.

Top 5 Financial Advisors in Madison

Edward Jones - Financial Advisor: Carlos E Mendoza, AAMS®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Lee A Donaldson, CFP®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Norm Webb Jr
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Andy Johnson, CFP®|ChFC®|AAMS®|CRPC™
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Davis A Whitten, AAMS®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Madison, 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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Madison-Specific Expertise
For Madison residents working in Technology, Manufacturing, Healthcare, 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
Madison's tech growth necessitates diversification to mitigate market volatility. Real estate prices are rising; watch for bubble risks. Prepare for tornadoes and flooding.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Alabama locations

Birmingham Montgomery Mobile Huntsville Tuscaloosa Hoover Dothan Auburn