Best Financial Advisors in Carpentersville

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

Carpentersville Financial Landscape

With a population of 38,241, Carpentersville is part of the Chicago metropolitan area, benefiting from its proximity to major urban centers. The local economy is diverse, with growth in manufacturing, retail, and healthcare sectors.

Major industries
Manufacturing, Retail, Healthcare
Population
38241
Median household income
$75,000
Unique needs
Carpentersville requires tailored financial strategies to address local economic dynamics and housing market trends.
Market Insights
Economic Growth
According to BEA (2023), Carpentersville's economy has shown steady growth, driven by local manufacturing and service industries.
Wealth Demographics
According to Census (2023), the median income in Carpentersville is approximately $75,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in the area are increasingly specializing in real estate and retirement planning.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Carpentersville is competitive, making it an attractive option for families.
Real Estate Market
According to Zillow (2024), the real estate market in Carpentersville is experiencing growth, with home values rising steadily.
Business Environment
According to Fortune (2024), Carpentersville's business climate is favorable, supported by local government initiatives and community engagement.

Top 5 Financial Advisors in Carpentersville

Edward Jones - Financial Advisor: John W Silmon
★ ★ ★ ★ ★ 5
GOLDEN TREE- Fee-Only Financial Planning Services
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Ernie Gamino
★ ★ ★ ★ ★ 5
Hendricks Wealth & Estate Management
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Jarid K Brockman, CFP®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Carpentersville, 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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Carpentersville-Specific Expertise
For Carpentersville residents working in Manufacturing, Retail, Healthcare, 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
Carpentersville's manufacturing focus poses economic risks; diversify investments. Real estate may face bubble risks due to rapid appreciation. Monitor flooding and tornado risks.

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