Best Financial Advisors in Monrovia

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
60+
Advisors
4.6/5.0
Average Rating

Monrovia Financial Landscape

Monrovia's economy is diverse, with a mix of retail, healthcare, and technology sectors. The city benefits from its proximity to Los Angeles, enhancing its economic opportunities.

Major industries
Retail, Healthcare, Technology
Population
37,101
Median household income
$80,000
Unique needs
Monrovia requires tailored financial advice due to its unique economic landscape and demographic trends.
Market Insights
Economic Growth
According to BEA (2023), Monrovia's economy has seen a steady growth rate of 3.5%, driven by local business expansions and new startups.
Wealth Demographics
According to Census (2023), the median income in Monrovia is approximately $80,000, reflecting a diverse economic base and skilled workforce.
Advisor Specializations
Based on BLS (2023), financial advisors in Monrovia are increasingly specializing in retirement planning and investment strategies tailored to local industries.
Local Considerations
Cost of Living
According to BLS (2024), Monrovia's cost of living is slightly above the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), Monrovia's real estate market is competitive, with home prices rising by 8% over the past year, indicating strong demand.
Business Environment
According to Fortune (2024), Monrovia's business climate is favorable, with supportive local policies and a growing entrepreneurial ecosystem.

Top 5 Financial Advisors in Monrovia

RMD Financial Services
★ ★ ★ ★ ★ 5
Barrett Financial Group, L.L.C.
★ ★ ★ ★ ★ 5
There is Hope Financial
★ ★ ★ ★ ★ 5
Jean Koehler - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Mike Makanvand: Primerica - Financial Services
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Monrovia, 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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Monrovia-Specific Expertise
For Monrovia residents working in Retail, Healthcare, Technology, 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
Monrovia's tech sector growth needs diversification to mitigate risks. Rapid housing price increases pose bubble threats; consider geographic investment. Prepare for potential flooding and economic do...

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