Best Financial Advisors in Torrance

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
140+
Advisors
4.7/5.0
Average Rating

Torrance Financial Landscape

Torrance boasts a robust economy driven by manufacturing, retail, and technology sectors. The city's strategic location enhances its appeal for businesses and residents alike.

Major industries
Manufacturing, Retail, Technology
Population
147K (metro: 1.5M)
Median household income
$80,000
Unique needs
Torrance requires tailored financial strategies to address its diverse economic landscape and unique demographic challenges.
Market Insights
Economic Growth
According to BEA (2023), Torrance's economy grew by 3.2% last year, driven by a resurgence in manufacturing and retail sectors.
Wealth Demographics
According to Census (2023), the median income in Torrance is approximately $80,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Torrance are increasingly focusing on retirement planning and investment diversification.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Torrance is 15% higher than the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the median home price in Torrance is $850,000, indicating a competitive real estate market with potential bubble risks.
Business Environment
According to Fortune (2024), Torrance's business climate is favorable, with low unemployment and a supportive local government for startups.

Top 5 Financial Advisors in Torrance

Dorsey Wealth Management
★ ★ ★ ★ ★ 5
Endeavor Advisors, LLC: Ajay Vadukul CFP®
★ ★ ★ ★ ★ 5
Hartwell Financial Services
★ ★ ★ ★ ★ 5
LifePoint Wealth Management, Inc.
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Michael J Goguen, CFP®|AAMS®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Torrance, 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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Torrance-Specific Expertise
For Torrance residents working in Manufacturing, Retail, 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
Torrance's tech and manufacturing sectors face volatility; real estate may be overvalued. Prepare for earthquake risks and diversify investments to mitigate economic shocks.

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