Best Financial Advisors in Mount Prospect

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
4.8/5.0
Average Rating

Mount Prospect Financial Landscape

With a population of 54,771, Mount Prospect is part of the dynamic Chicago metropolitan area. The local economy thrives on retail, healthcare, and professional services.

Major industries
Retail, Healthcare, Professional Services
Population
1.3M (metro: 7.8M)
Median household income
$80,000
Unique needs
Mount Prospect requires tailored financial advice to navigate suburban growth and local economic shifts.
Market Insights
Economic Growth
According to BEA (2023), Mount Prospect's economy grew by 3.5% last year, driven by retail and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Mount Prospect is $80,000, reflecting a stable middle-class community.
Advisor Specializations
Based on BLS (2023), financial advisors in Mount Prospect increasingly focus on retirement planning and estate management.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Mount Prospect is 10% higher than the national average, driven by housing and transportation.
Real Estate Market
According to Zillow (2024), home values in Mount Prospect have increased by 8% over the past year, indicating a competitive market.
Business Environment
According to Fortune (2024), Mount Prospect's business climate is favorable, with low taxes and a supportive local government for small businesses.

Top 5 Financial Advisors in Mount Prospect

Edward Jones - Financial Advisor: Nancy M Reiser, CFP®|AAMS®|CRPC™
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Yev Kozachuk, CFP®
★ ★ ★ ★ ★ 5
J C Financial
★ ★ ★ ★ ★ 5
TJ Stearns Financial Planning & Benefits
★ ★ ★ ★ ★ 5
Baldwin Financial Advisors, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Mount Prospect, 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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Mount Prospect-Specific Expertise
For Mount Prospect residents working in Retail, Healthcare, Professional Services, 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
Mount Prospect's reliance on retail and services poses economic risks. Real estate prices are rising, indicating potential bubble risks. Prepare for flooding and severe weather impacts.

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Find Financial Advisors in Nearby Cities

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