Best Financial Advisors in Folsom

Folsom Financial Landscape

Folsom boasts a diverse economy with strong technology and retail sectors. The city continues to attract new businesses and residents due to its quality of life.

Major industries

Technology, Retail, Healthcare

Population

73K (metro: 1.5M)

Median household income

$100,000

Unique needs

Folsom requires tailored financial strategies to accommodate its growing population and evolving economic landscape.

Market Insights

Economic Growth

According to BEA (2023), Folsom's economy has grown by 4% annually, driven by technology and retail expansion.

Wealth Demographics

According to Census (2023), the median income in Folsom is $100,000, reflecting a well-educated workforce.

Advisor Specializations

Based on BLS (2023), financial advisors in Folsom are increasingly specializing in tech and real estate investments.

Local Considerations

Cost of Living

According to BLS (2024), Folsom's cost of living is 15% higher than the national average, driven by housing and services.

Real Estate Market

According to Zillow (2024), Folsom's housing market is competitive, with home prices increasing by 10% over the past year.

Business Environment

According to Fortune (2024), Folsom's business climate is favorable, attracting startups and established companies alike.

How to Choose the Right Financial Advisor

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

Fiduciary Standard

Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.

Folsom-Specific Expertise

For Folsom residents working in Technology, Retail, Healthcare, consider advisors with specific experience in your industry's unique compensation and benefit structures.

Fee Structure Transparency

Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.

Credentials

Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.

Communication Style

Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.

Risk Management Focus

Folsom's tech focus necessitates diversification to mitigate market volatility. Real estate prices are rising, indicating potential bubble risks. Flooding is a concern; consider geographic investment ...

Best Financial Advisors in Folsom

Folsom Financial Landscape

Top 5 Financial Advisors in Folsom

How to Choose the Right Financial Advisor

Skip the advisor fees

Find Financial Advisors in Nearby Cities