Best Financial Advisors in Redondo Beach

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

Redondo Beach Financial Landscape

The economy of Redondo Beach is driven by tourism, retail, and healthcare. Its proximity to Los Angeles enhances its economic opportunities and cultural offerings.

Major industries
Tourism, Retail, Healthcare
Population
67.8K (metro: 13.3M)
Median household income
$85,000
Unique needs
Redondo Beach requires tailored financial advice for its unique coastal economy and high cost of living.
Market Insights
Economic Growth
According to BEA (2023), Redondo Beach's economy has shown steady growth, driven by increased tourism and local business expansion.
Wealth Demographics
According to Census (2023), the median income in Redondo Beach is approximately $85,000, reflecting a relatively affluent community.
Advisor Specializations
Based on BLS (2023), financial advisors in Redondo Beach are increasingly specializing in real estate and retirement planning.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Redondo Beach is significantly higher than the national average, driven by housing costs.
Real Estate Market
According to Zillow (2024), the real estate market in Redondo Beach remains competitive, with home prices averaging around $1.2 million.
Business Environment
According to Fortune (2024), Redondo Beach's business environment is favorable, with a supportive local government and active community engagement.

Top 5 Financial Advisors in Redondo Beach

Navigoe Wealth Management
★ ★ ★ ★ ★ 5
Advanced Planning Solutions, Inc.
★ ★ ★ ★ ★ 5
Hermosa Wealth Management
★ ★ ★ ★ ★ 5
Sarah Auernhammer - Thrivent
★ ★ ★ ★ ★ 5
LA Wealth Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Redondo Beach, 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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Redondo Beach-Specific Expertise
For Redondo Beach residents working in Tourism, Retail, Healthcare, 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
Redondo Beach's tourism reliance poses risks during downturns. Real estate prices are high, indicating bubble concerns. Prepare for coastal flooding and diversify investments.

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