Best Financial Advisors in Margate

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
4.8/5.0
Average Rating

Margate Financial Landscape

With a population of 55,456, Margate is part of the Miami metropolitan area, benefiting from its proximity to major economic hubs. The city has seen steady growth in sectors like retail and healthcare.

Major industries
Retail, Healthcare, Hospitality
Population
55K (metro: 6.1M)
Median household income
$52,000
Unique needs
Margate requires tailored financial advice to navigate its growing economy and diverse population.
Market Insights
Economic Growth
According to BEA (2023), Margate's economy is expanding, with a focus on retail and healthcare sectors driving job creation.
Wealth Demographics
According to Census (2023), the median income in Margate is $52,000, reflecting a diverse economic base and community.
Advisor Specializations
Based on BLS (2023), financial advisors in Margate are increasingly specializing in retirement planning and real estate investment.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Margate is moderate, with housing costs being a significant factor.
Real Estate Market
According to Zillow (2024), Margate's real estate market is competitive, with rising home prices and demand for rentals.
Business Environment
According to Fortune (2024), Margate's business climate is favorable, with incentives for small businesses and startups.

Top 5 Financial Advisors in Margate

Prosperitus Wealth Advisors
★ ★ ★ ★ ★ 5
Wealth InsurED
★ ★ ★ ★ ★ 5
MANNA WEALTH MANAGEMENT - Florida Financial Advisors
★ ★ ★ ★ ★ 5
Clark Financial Planning Services LLC
★ ★ ★ ★ ★ 5
Kay Henriques
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Margate, 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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Margate-Specific Expertise
For Margate residents working in Retail, Healthcare, Hospitality, 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
Margate's retail focus poses economic risks; housing market volatility and hurricane threats necessitate diversification and disaster preparedness.

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