Best Financial Advisors in Boca Raton

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
80+
Advisors
4.6/5.0
Average Rating

Boca Raton Financial Landscape

Boca Raton boasts a diverse economy with a focus on technology, finance, and tourism. The city is also recognized for its affluent demographics and high quality of life.

Major industries
Technology, Finance, Tourism
Population
89.4K (metro: 1.5M)
Median household income
$83,000
Unique needs
Boca Raton requires tailored financial advice due to its affluent population and unique market dynamics.
Market Insights
Economic Growth
According to BEA (2023), Boca Raton's economy has shown resilience with a growth rate of 3.5% in the last year, driven by tech and finance sectors.
Wealth Demographics
According to Census (2023), the median income in Boca Raton is $83,000, reflecting its status as a wealthy community with a high standard of living.
Advisor Specializations
Based on BLS (2023), financial advisors in Boca Raton increasingly specialize in wealth management and retirement planning to cater to affluent clients.
Local Considerations
Cost of Living
According to BLS (2024), Boca Raton's cost of living is approximately 20% higher than the national average, driven by housing and services.
Real Estate Market
According to Zillow (2024), the median home price in Boca Raton has reached $600,000, indicating a competitive and high-demand real estate market.
Business Environment
According to Fortune (2024), Boca Raton's business climate is favorable, with a growing number of startups and established firms in the tech and finance sectors.

Top 5 Financial Advisors in Boca Raton

Wealthcare Financial
★ ★ ★ ★ ★ 5
Rubin Wealth Advisors
★ ★ ★ ★ ★ 5
Northwestern Mutual Striano Financial Group
★ ★ ★ ★ ★ 5
Eagle Harbor Advisors
★ ★ ★ ★ ★ 5
Wealth Enhancement Group
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Boca Raton, 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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Boca Raton-Specific Expertise
For Boca Raton residents working in Technology, Finance, Tourism, 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
Boca Raton's finance and tech sectors face concentration risks. Real estate prices are high, raising bubble concerns. Prepare for hurricane threats and diversify investments.

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