Best Financial Advisors in Downey

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
110+
Advisors
4.6/5.0
Average Rating

Downey Financial Landscape

With a population of 113,242, Downey's economy is driven by healthcare, retail, and manufacturing sectors. The city is strategically located near major highways, enhancing its business appeal.

Major industries
Healthcare, Retail, Manufacturing
Population
113K (metro: 13.2M)
Median household income
$78,000
Unique needs
Downey requires tailored financial strategies to address its diverse economic landscape and demographic needs.
Market Insights
Economic Growth
According to BEA (2023), Downey's economy has shown resilience with a growth rate of 3.5%, driven by local business expansions.
Wealth Demographics
According to Census (2023), the median income in Downey is $78,000, reflecting a diverse economic base and a growing middle class.
Advisor Specializations
Based on BLS (2023), financial advisors in Downey increasingly specialize in retirement planning and real estate investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Downey is approximately 15% higher than the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the real estate market in Downey is competitive, with home prices rising by 8% over the past year, indicating potential bubble risks.
Business Environment
According to Fortune (2024), Downey's business climate is favorable, with a focus on innovation and support for small businesses, attracting new investments.

Top 5 Financial Advisors in Downey

Andazola Financial Services
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Emma J Aragon
★ ★ ★ ★ ★ 5
Moreno Financial Group
★ ★ ★ ★ ★ 5
Ramos Consulting and Wealth Management Inc.
★ ★ ★ ★ ★ 5
N & B Financial Services
★ ★ ★ ★ ★ 5
Receive a complimentary AI wealth evaluation before hiring an advisor.
Sign up for Mezzi

How to Choose the Right Financial Advisor

When selecting a financial advisor in Downey, consider these essential factors

Icon
Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
Icon
Downey-Specific Expertise
For Downey residents working in Healthcare, Retail, Manufacturing, consider advisors with specific experience in your industry's unique compensation and benefit structures.
Icon
Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
Icon
Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
Icon
Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
Icon
Risk Management Focus
Downey's reliance on retail and healthcare poses risks; diversify investments. Monitor housing market for bubble signs and prepare for earthquakes and wildfires.

Skip the advisor fees

Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby California locations

Los Angeles San Diego San Jose San Francisco Fresno Sacramento Long Beach Oakland