Best Financial Advisors in Skokie

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

Skokie Financial Landscape

Skokie has a population of 65,176 and is characterized by a mix of retail, healthcare, and professional services. The proximity to Chicago enhances its economic vitality.

Major industries
Retail, Healthcare, Professional Services
Population
65.2K (metro: 9.5M)
Median household income
$75,000
Unique needs
Skokie requires tailored financial services to address its diverse population and local economic conditions.
Market Insights
Economic Growth
According to BEA (2023), Skokie's economy has shown steady growth, driven by retail and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Skokie is approximately $75,000, reflecting a stable middle-class community.
Advisor Specializations
Based on BLS (2023), financial advisors in Skokie are increasingly focusing on retirement planning and estate management.
Local Considerations
Cost of Living
According to BLS (2024), Skokie's cost of living is slightly above the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), Skokie's real estate market is competitive, with home prices rising due to demand and limited inventory.
Business Environment
According to Fortune (2024), Skokie offers a favorable business climate with incentives for small businesses and startups.

Top 5 Financial Advisors in Skokie

Edward Jones - Financial Advisor: Mallory Giesen, CFP®|AAMS®|CRPC™
★ ★ ★ ★ ★ 5
Edward Jones - Neil Gardner, Financial Advisor
★ ★ ★ ★ ★ 5
Northwestern Mutual
★ ★ ★ ★ ★ 5
KMG Wealth Management
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Glen A Roter, AAMS®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Skokie, 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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Skokie-Specific Expertise
For Skokie 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
Skokie's economy, reliant on retail and healthcare, faces risks from market fluctuations. Housing prices may bubble; diversify investments. Watch for flooding risks.

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Find Financial Advisors in Nearby Cities

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