Best Financial Advisors in Elk Grove

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
160+
Advisors
4.6/5.0
Average Rating

Elk Grove Financial Landscape

Elk Grove's economy is bolstered by healthcare, retail, and education sectors. The city has seen steady growth, attracting new businesses and residents alike.

Major industries
Healthcare, Retail, Education
Population
161K (metro: 2.4M)
Median household income
$85,000
Unique needs
Elk Grove requires tailored financial advice for its diverse population and growing industries.
Market Insights
Economic Growth
According to BEA (2023), Elk Grove's GDP growth rate is projected at 3.5%, driven by healthcare and retail expansions.
Wealth Demographics
According to Census (2023), the median income in Elk Grove is $85,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Elk Grove increasingly specialize in retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Elk Grove's cost of living is 15% higher than the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the median home price in Elk Grove is $550,000, with a 5% annual appreciation rate.
Business Environment
According to Fortune (2024), Elk Grove's business climate is favorable, with incentives for startups and small businesses.

Top 5 Financial Advisors in Elk Grove

Edelman Financial Engines
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Katie L Gilbeau
★ ★ ★ ★ ★ 5
Kim Sutton - SAFE Financial Services - LPL Financial Advisor
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Kelly J Shultz
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Aaron D Lockhart
★ ★ ★ ★ ★ 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 Elk Grove, 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
Elk Grove-Specific Expertise
For Elk Grove residents working in Healthcare, Retail, Education, 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
Elk Grove's reliance on healthcare and retail poses economic risks; housing market volatility and flooding are concerns. Diversify investments to mitigate these risks.

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