Best Financial Advisors in Oak Lawn

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

Oak Lawn Financial Landscape

With a population of 57,073, Oak Lawn boasts a robust economy supported by healthcare, retail, and education sectors. The area benefits from its proximity to Chicago, enhancing business opportunities.

Major industries
Healthcare, Retail, Education
Population
57K (metro: 9.5M)
Median household income
$68,000
Unique needs
Oak Lawn requires tailored financial advice due to its suburban dynamics and diverse economic base.
Market Insights
Economic Growth
According to BEA (2023), Oak Lawn's economy has shown steady growth with a focus on healthcare and retail services.
Wealth Demographics
According to Census (2023), the median income in Oak Lawn is $68,000, reflecting a stable middle-class demographic.
Advisor Specializations
Based on BLS (2023), financial advisors in Oak Lawn are increasingly focusing on retirement planning and estate management.
Local Considerations
Cost of Living
According to BLS (2024), Oak Lawn's cost of living is competitive, with housing costs being the most significant factor.
Real Estate Market
According to Zillow (2024), Oak Lawn's real estate market is stable, with moderate appreciation rates and a variety of housing options.
Business Environment
According to Fortune (2024), Oak Lawn offers a favorable business climate, attracting small to mid-sized enterprises, particularly in healthcare.

Top 5 Financial Advisors in Oak Lawn

Wisdom Financial Inc
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Jake Mudde, CFP®|AAMS®
★ ★ ★ ★ ★ 5
Land Financial Services
★ ★ ★ ★ ★ 5
Clark Financial Services
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Rick Powell, AAMS®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Oak Lawn, 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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Oak Lawn-Specific Expertise
For Oak Lawn residents working in Healthcare, Retail, Education, 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
Oak Lawn's reliance on healthcare and retail poses economic risks; housing market fluctuations and flooding are concerns. Diversify investments to mitigate these risks.

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Find Financial Advisors in Nearby Cities

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