Best Financial Advisors in Calumet City

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
30+
Advisors
4.6/5.0
Average Rating

Calumet City Financial Landscape

The economy of Calumet City is characterized by a mix of manufacturing, retail, and services. With a population of 37,240, it serves as a suburban hub for nearby Chicago.

Major industries
Manufacturing, Retail, Services
Population
37240
Median household income
$58,000
Unique needs
Calumet City requires tailored financial advice to address its unique demographic and economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Calumet City's economy has shown resilience with a modest growth rate of 2.5% over the past year.
Wealth Demographics
According to Census (2023), the median income in Calumet City is approximately $58,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in the area are increasingly focusing on retirement planning and investment diversification.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Calumet City is 10% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), the real estate market has seen a 5% increase in home values, indicating a stable yet cautious growth trend.
Business Environment
According to Fortune (2024), Calumet City offers a favorable business climate with incentives for small businesses and startups.

Top 5 Financial Advisors in Calumet City

Edward Jones - Financial Advisor: Adam Robertson, CFP®|ChFC®|AAMS®
★ ★ ★ ★ ★ 5
SWG FINANCIAL, Inc.
★ ★ ★ ★ ★ 5
Simplified Financial Partners
★ ★ ★ ★ ★ 5
Wealthyminds Financial Services LLC
★ ★ ★ ★ ★ 5
Personal Sales, Finance & Management Co.
★ ★ ★ ★ ★ 5
Receive a complimentary AI wealth evaluation before hiring an advisor.
Sign up for Mezzi

How to Choose the Right Financial Advisor

When selecting a financial advisor in Calumet City, consider these essential factors

Icon
Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
Icon
Calumet City-Specific Expertise
For Calumet City residents working in Manufacturing, Retail, Services, consider advisors with specific experience in your industry's unique compensation and benefit structures.
Icon
Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
Icon
Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
Icon
Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
Icon
Risk Management Focus
Calumet City's reliance on retail and manufacturing poses economic risks. Housing market volatility and flooding risks necessitate diversification and prudent investment strategies.

Skip the advisor fees

Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Illinois locations

Chicago Aurora Rockford Joliet Naperville Springfield Peoria Elgin