Best Financial Advisors in North Miami

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

North Miami Financial Landscape

The city boasts a growing economy with a focus on retail, healthcare, and education. Its strategic location enhances trade and tourism opportunities.

Major industries
Retail, Healthcare, Education
Population
61K (metro: 6.1M)
Median household income
$50,000
Unique needs
North Miami requires tailored financial advice to address its diverse population and economic landscape.
Market Insights
Economic Growth
According to BEA (2023), North Miami's economy has shown resilience with a 3% growth rate, driven by retail and healthcare expansions.
Wealth Demographics
According to Census (2023), the median income in North Miami stands at $50,000, reflecting a diverse socioeconomic landscape.
Advisor Specializations
Based on BLS (2023), financial advisors in North Miami are increasingly focusing on real estate and retirement planning to meet local needs.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in North Miami is approximately 10% higher than the national average, driven by housing and utilities.
Real Estate Market
According to Zillow (2024), North Miami's real estate market has seen a 5% increase in home values, indicating strong demand but potential bubble risks.
Business Environment
According to Fortune (2024), North Miami's business climate is improving, with incentives for startups and small businesses enhancing local entrepreneurship.

Top 5 Financial Advisors in North Miami

Coral Wealth Management
★ ★ ★ ★ ★ 5
MANNA WEALTH MANAGEMENT - Miami Financial Advisors
★ ★ ★ ★ ★ 5
MANNA WEALTH MANAGEMENT - Florida Financial Advisors
★ ★ ★ ★ ★ 5
Florida Financial Advisors
★ ★ ★ ★ ★ 5
Financial Designs
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in North Miami, 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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North Miami-Specific Expertise
For North Miami residents working in Retail, Healthcare, Education, 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
North Miami's retail and healthcare sectors face competition risks. Real estate prices may be inflated; monitor for bubbles. Prepare for hurricane impacts and diversify investments.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Florida locations

Jacksonville Miami Tampa Orlando St. Petersburg Hialeah Tallahassee Fort Lauderdale