Best Financial Advisors in Bloomington

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
70+
Advisors
4.9/5.0
Average Rating

Bloomington Financial Landscape

Bloomington's economy is driven by healthcare, education, and manufacturing. The city is a regional hub with a growing population and job market.

Major industries
Healthcare, Education, Manufacturing
Population
78.9K (metro: 789K)
Median household income
$60,000
Unique needs
Bloomington requires tailored financial strategies to address its unique economic landscape and demographic shifts.
Market Insights
Economic Growth
According to BEA (2023), Bloomington's economy has shown steady growth, primarily driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median income in Bloomington is approximately $60,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Bloomington are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Bloomington's cost of living is competitive, making it an attractive place for families and professionals.
Real Estate Market
According to Zillow (2024), the real estate market in Bloomington is experiencing moderate appreciation, with concerns about affordability.
Business Environment
According to Fortune (2024), Bloomington's business climate is favorable, with support for startups and established businesses alike.

Top 5 Financial Advisors in Bloomington

Prairie Capital Management
★ ★ ★ ★ ★ 5
LPL Financial
★ ★ ★ ★ ★ 5
Virtus Financial Group
★ ★ ★ ★ ★ 5
Blooming Tree Wealth Management
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Brad Hallstein, CFP®|AAMS®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Bloomington, 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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Bloomington-Specific Expertise
For Bloomington residents working in Healthcare, Education, Manufacturing, 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
Bloomington's reliance on education and healthcare poses economic risks; housing market volatility and potential flooding require diversification and risk management.

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Find Financial Advisors in Nearby Cities

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