Best Financial Advisors in Tuscaloosa

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
90+
Advisors
4.5/5.0
Average Rating

Tuscaloosa Financial Landscape

With a population of 95,334, Tuscaloosa's economy is bolstered by education, healthcare, and manufacturing sectors. The city is home to the University of Alabama, a major economic driver.

Major industries
Education, Healthcare, Manufacturing
Population
95K (metro: 1.1M)
Median household income
$50,000
Unique needs
Tuscaloosa requires investment in education and infrastructure to support its growing population and economy.
Market Insights
Economic Growth
According to BEA (2023), Tuscaloosa's economy has seen a steady growth rate of 3.5%, driven by education and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Tuscaloosa is $50,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Tuscaloosa are increasingly focusing on retirement planning and education funding.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Tuscaloosa is 10% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), the real estate market in Tuscaloosa is experiencing a 5% annual increase, raising concerns about potential housing bubbles.
Business Environment
According to Fortune (2024), Tuscaloosa's business climate is favorable, with incentives for startups and a supportive local government.

Top 5 Financial Advisors in Tuscaloosa

Terry Simpson - Private Wealth Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Raymond James & Associates
★ ★ ★ ★ ★ 5
Ted Jackson - Private Wealth Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Stifel
★ ★ ★ ★ ★ 5
John Barrow - Associate Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Tuscaloosa, 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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Tuscaloosa-Specific Expertise
For Tuscaloosa residents working in Education, Healthcare, Manufacturing, 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
Tuscaloosa's reliance on education and healthcare sectors poses risks; diversify investments. Monitor housing market for bubble signs and 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