Best Financial Advisors in Bakersfield

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
360+
Advisors
4.6/5.0
Average Rating

Bakersfield Financial Landscape

Bakersfield's economy is primarily driven by agriculture, energy, and manufacturing. The city is experiencing steady growth, attracting new businesses and residents.

Major industries
Agriculture, Energy, Manufacturing
Population
363K (metro: 1.1M)
Median household income
$60,000
Unique needs
Bakersfield requires diversification in its economy, focusing on tech and renewable energy to mitigate risks.
Market Insights
Economic Growth
According to BEA (2023), Bakersfield's GDP growth rate is projected at 3.2%, driven by agriculture and energy sectors.
Wealth Demographics
According to Census (2023), the median household income in Bakersfield is $60,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Bakersfield are increasingly focusing on retirement planning and investment diversification.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Bakersfield is approximately 10% lower than the national average, making it attractive for new residents.
Real Estate Market
According to Zillow (2024), the median home price in Bakersfield is $350,000, with a steady appreciation rate of 5% annually.
Business Environment
According to Fortune (2024), Bakersfield's business climate is improving, with incentives for startups in tech and renewable energy sectors.

Top 5 Financial Advisors in Bakersfield

Barnes Wealth Management Group
★ ★ ★ ★ ★ 5
Moneywise Wealth Management
★ ★ ★ ★ ★ 5
California Retirement Plans
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Jeffrey Bell, CFP®|CPWA®|AAMS®
★ ★ ★ ★ ★ 5
Selfridge Financial Design
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Bakersfield, 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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Bakersfield-Specific Expertise
For Bakersfield residents working in Agriculture, Energy, 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
Bakersfield's heavy reliance on agriculture and energy poses risks; diversify investments. Real estate may face volatility; consider flood risks and economic shifts.

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