Best Financial Advisors in Davenport

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
4.7/5.0
Average Rating

Davenport Financial Landscape

Davenport's economy is diverse, with strong sectors in manufacturing, healthcare, and education. The city is part of the Quad Cities metro area, enhancing regional economic collaboration.

Major industries
Manufacturing, Healthcare, Education
Population
102K (metro: 380K)
Median household income
$58,000
Unique needs
Davenport requires focus on economic diversification and sustainable housing development to mitigate risks.
Market Insights
Economic Growth
According to BEA (2023), Davenport's GDP growth rate has been steady at 2.5%, driven by manufacturing and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Davenport is $58,000, reflecting a stable middle-class population.
Advisor Specializations
Based on BLS (2023), financial advisors in Davenport are increasingly specializing in retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), Davenport's cost of living is approximately 10% lower than the national average, making it affordable for residents.
Real Estate Market
According to Zillow (2024), the real estate market in Davenport is stable, with home values appreciating by 4% over the past year.
Business Environment
According to Fortune (2024), Davenport's business climate is favorable, with incentives for startups and established companies alike.

Top 5 Financial Advisors in Davenport

Quad Cities Investment Group
★ ★ ★ ★ ★ 5
The Cities Private Wealth Group - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
The Advisory Group, Inc.
★ ★ ★ ★ ★ 5
Baird Private Wealth Management
★ ★ ★ ★ ★ 5
Thomas Brooke - Thrivent
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Davenport, 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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Davenport-Specific Expertise
For Davenport residents working in Manufacturing, 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
Davenport's manufacturing focus poses risks; diversify into tech and services. Real estate is stable but watch for market fluctuations. Flooding is a concern; consider climate resilience.

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