Best Financial Advisors in Sarasota

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
4.9/5.0
Average Rating

Sarasota Financial Landscape

Sarasota's economy is driven by tourism, healthcare, and real estate. The city has seen steady growth, attracting retirees and young professionals alike.

Major industries
Tourism, Healthcare, Real Estate
Population
53.3K (metro: 1.0M)
Median household income
$60,000
Unique needs
Sarasota's unique needs include affordable housing, sustainable tourism, and healthcare accessibility.
Market Insights
Economic Growth
According to BEA (2023), Sarasota's GDP growth rate was 3.5%, driven by increased tourism and healthcare services.
Wealth Demographics
According to Census (2023), the median income in Sarasota is $60,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Sarasota are increasingly focusing on retirement planning and estate management.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Sarasota is 5% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the Sarasota real estate market has seen a 10% increase in home prices over the past year, raising affordability concerns.
Business Environment
According to Fortune (2024), Sarasota's business climate is favorable, with growing opportunities in tech and healthcare sectors.

Top 5 Financial Advisors in Sarasota

SRQ Wealth
★ ★ ★ ★ ★ 5
WealthGen Advisors
★ ★ ★ ★ ★ 5
Beacon Pointe Advisors
★ ★ ★ ★ ★ 5
Ranch Capital Advisors
★ ★ ★ ★ ★ 5
LCM Capital Advisors, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Sarasota, 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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Sarasota-Specific Expertise
For Sarasota residents working in Tourism, Healthcare, Real Estate, 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
Sarasota's tourism reliance poses economic risks; housing market volatility may indicate bubbles. Prepare for hurricane impacts and diversify investments.

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