Best Financial Advisors in Salinas

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
150+
Advisors
4.4/5.0
Average Rating

Salinas Financial Landscape

The economy of Salinas is primarily driven by agriculture, with significant contributions from education and healthcare. The city is experiencing steady growth, attracting new businesses and residents.

Major industries
Agriculture, Education, Healthcare
Population
155.7K (metro: 1.6M)
Median household income
$65,000
Unique needs
Salinas requires tailored financial advice due to its agricultural focus and evolving economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Salinas has shown a 3% annual growth rate, largely driven by agricultural exports and local business development.
Wealth Demographics
According to Census (2023), the median income in Salinas is approximately $65,000, reflecting a diverse economic base and workforce.
Advisor Specializations
Based on BLS (2023), financial advisors in Salinas are increasingly focusing on agricultural investments and sustainable practices.
Local Considerations
Cost of Living
According to BLS (2024), Salinas' cost of living is 15% higher than the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the Salinas real estate market is competitive, with median home prices rising 8% year-over-year, indicating potential bubble risks.
Business Environment
According to Fortune (2024), Salinas is fostering a supportive business climate, with incentives for startups in tech and agriculture sectors.

Top 5 Financial Advisors in Salinas

Salinas Valley Financial Services - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Karen Hagman, CFP®|AAMS®
★ ★ ★ ★ ★ 5
David Jenkins - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: John G Musni, AAMS®
★ ★ ★ ★ ★ 5
Duane Nack - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Salinas, 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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Salinas-Specific Expertise
For Salinas residents working in Agriculture, Education, 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
Salinas' agriculture reliance poses risks from climate change and market fluctuations. Real estate prices may face volatility; diversify investments to mitigate risks.

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