Best Financial Advisors in Monterey Park

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
4.7/5.0
Average Rating

Monterey Park Financial Landscape

Monterey Park's economy is driven by retail, healthcare, and education sectors. The city benefits from its proximity to Los Angeles, enhancing its economic opportunities.

Major industries
Retail, Healthcare, Education
Population
61K (metro: 13.2M)
Median household income
$66,000
Unique needs
Monterey Park requires tailored financial advice due to its diverse population and unique economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Monterey Park's economy has shown steady growth, driven by retail and healthcare expansions.
Wealth Demographics
According to Census (2023), the median income in Monterey Park is approximately $66,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Monterey Park are increasingly focusing on retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Monterey Park is rising, particularly in housing and healthcare sectors.
Real Estate Market
According to Zillow (2024), the real estate market in Monterey Park is competitive, with home prices increasing due to demand.
Business Environment
According to Fortune (2024), Monterey Park's business climate is favorable, with support for small businesses and startups.

Top 5 Financial Advisors in Monterey Park

Transamerica Financial Advisors
★ ★ ★ ★ ★ 5
Integris Wealth Management
★ ★ ★ ★ ★ 5
Central Coast Financial Management
★ ★ ★ ★ ★ 5
First Command Financial Advisor - David Slater, RICP®|CFP®
★ ★ ★ ★ ★ 5
Karen Turner - Private Wealth Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Monterey Park, 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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Monterey Park-Specific Expertise
For Monterey Park residents working in Retail, Healthcare, Education, 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
Monterey Park's reliance on retail and healthcare poses economic risks; housing market volatility and earthquake threats necessitate diversification and preparedness.

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