Best Financial Advisors in Mobile

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
190+
Advisors
4.8/5.0
Average Rating

Mobile Financial Landscape

Mobile's economy is driven by shipping, aerospace, and healthcare. The city is strategically located along the Gulf Coast, enhancing its trade capabilities.

Major industries
Shipping, Aerospace, Healthcare
Population
194.9K (metro: 400K)
Median household income
$52,000
Unique needs
Mobile requires strategies to diversify its economy and manage real estate fluctuations.
Market Insights
Economic Growth
According to BEA (2023), Mobile's economy grew by 2.5% last year, driven by increased shipping activity and aerospace contracts.
Wealth Demographics
According to Census (2023), the median income in Mobile is $52,000, reflecting a diverse economic base with significant low-income populations.
Advisor Specializations
Based on BLS (2023), financial advisors in Mobile are increasingly focusing on retirement planning and estate management due to demographic shifts.
Local Considerations
Cost of Living
According to BLS (2024), Mobile's cost of living is 10% below the national average, making it an attractive option for new residents.
Real Estate Market
According to Zillow (2024), Mobile's real estate market has seen a 5% increase in home prices, raising concerns about potential market corrections.
Business Environment
According to Fortune (2024), Mobile's business climate is improving, with incentives for tech startups and a focus on sustainable industries.

Top 5 Financial Advisors in Mobile

Thompson Wealth Management and Life Planning
★ ★ ★ ★ ★ 5
Peters Financial LLC
★ ★ ★ ★ ★ 5
Williams Financial Group, LLC
★ ★ ★ ★ ★ 5
Mobile Bay Financial Solutions, LLC
★ ★ ★ ★ ★ 5
Care Financial
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Mobile, 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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Mobile-Specific Expertise
For Mobile residents working in Shipping, Aerospace, 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
Mobile's reliance on shipping and aerospace poses risks; diversify investments. Real estate may face volatility, and hurricane risks are significant.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Alabama locations

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