Best Financial Advisors in Palm Bay

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
100+
Advisors
4.9/5.0
Average Rating

Palm Bay Financial Landscape

Palm Bay's economy is driven by aerospace, healthcare, and technology sectors. The city is experiencing steady growth, attracting new residents and businesses.

Major industries
Aerospace, Healthcare, Technology
Population
104.9K (metro: 1.1M)
Median household income
$68,000
Unique needs
Palm Bay requires a focus on disaster preparedness, affordable housing, and economic diversification to sustain growth.
Market Insights
Economic Growth
According to BEA (2023), Palm Bay's economy has grown by 3.5% annually, driven by increased aerospace contracts and healthcare investments.
Wealth Demographics
According to Census (2023), the median income in Palm Bay is $68,000, indicating a growing middle class and increased consumer spending.
Advisor Specializations
Based on BLS (2023), financial advisors in Palm Bay are increasingly specializing in retirement planning and real estate investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Palm Bay's cost of living is 5% below the national average, making it an attractive option for new residents.
Real Estate Market
According to Zillow (2024), home prices in Palm Bay have increased by 10% over the past year, raising concerns about affordability.
Business Environment
According to Fortune (2024), Palm Bay's business climate is favorable, with incentives for tech startups and established firms in aerospace.

Top 5 Financial Advisors in Palm Bay

Edward Jones - Financial Advisor: Kaori S Fischer, CFP®
★ ★ ★ ★ ★ 5
Three Bridges Planning
★ ★ ★ ★ ★ 5
Chell Financial
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Cameron B Mitchell, AAMS®|CRPC™
★ ★ ★ ★ ★ 5
OxenFree Financial
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Palm Bay, 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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Palm Bay-Specific Expertise
For Palm Bay residents working in Aerospace, Healthcare, 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
Palm Bay's tech and aerospace focus necessitates economic diversification. Real estate prices are rising, posing bubble risks. Prepare for hurricanes and flooding.

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