Best Financial Advisors in Elmhurst

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
4.7/5.0
Average Rating

Elmhurst Financial Landscape

Elmhurst has a diverse economy with a focus on healthcare, education, and retail. The city benefits from its proximity to Chicago, enhancing its economic prospects.

Major industries
Healthcare, Education, Retail
Population
45.6K (metro: 455.6K)
Median household income
$85,000
Unique needs
Elmhurst requires tailored financial services that address suburban growth and family-oriented investments.
Market Insights
Economic Growth
According to BEA (2023), Elmhurst's economy has seen a steady growth rate of 3% annually, driven by local businesses and healthcare expansion.
Wealth Demographics
According to Census (2023), the median income in Elmhurst is approximately $85,000, reflecting a well-educated and affluent population.
Advisor Specializations
Based on BLS (2023), financial advisors in Elmhurst are increasingly focusing on retirement planning and estate management for affluent clients.
Local Considerations
Cost of Living
According to BLS (2024), Elmhurst's cost of living is about 15% higher than the national average, influenced by housing and education costs.
Real Estate Market
According to Zillow (2024), Elmhurst's real estate market is competitive, with median home prices around $600,000, showing a 5% increase year-over-year.
Business Environment
According to Fortune (2024), Elmhurst offers a favorable business climate with low taxes and support for small businesses, attracting new startups.

Top 5 Financial Advisors in Elmhurst

Edward Jones - Financial Advisor: Jason J Janes, CFP®|AAMS®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Kevin P Kost, CFP®
★ ★ ★ ★ ★ 5
Coltiva Wealth Planning Partners
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Rita Borzym, CFP®
★ ★ ★ ★ ★ 5
David J Lecinski | Wealth Advisor
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Elmhurst, 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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Elmhurst-Specific Expertise
For Elmhurst residents working in Healthcare, Education, Retail, 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
Elmhurst's economy is vulnerable to retail shifts and healthcare changes. Real estate prices may face correction risks; diversify investments to mitigate local downturns.

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