Best Financial Advisors in Urbana

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

Urbana Financial Landscape

Home to the University of Illinois, Urbana boasts a robust economy driven by education, technology, and healthcare sectors. The city has a population of 41,752, contributing to its dynamic workforce.

Major industries
Education, Healthcare, Technology
Population
41.8K (metro: 217.5K)
Median household income
$55,000
Unique needs
Urbana's economy relies heavily on education and tech, necessitating support for innovation and workforce development.
Market Insights
Economic Growth
According to BEA (2023), Urbana's economy has shown steady growth, primarily driven by educational services and technology innovations.
Wealth Demographics
According to Census (2023), the median income in Urbana is approximately $55,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Urbana increasingly specialize in education and tech sector investments.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Urbana is relatively low compared to national averages, making it attractive for new residents.
Real Estate Market
According to Zillow (2024), Urbana's real estate market is competitive, with rising prices driven by demand from students and professionals.
Business Environment
According to Fortune (2024), Urbana's business climate is favorable, with supportive policies for startups and established firms alike.

Top 5 Financial Advisors in Urbana

Ruedi Wealth Management, Inc.
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Neil P Richardson, CFP®|ChFC®|CLU®
★ ★ ★ ★ ★ 5
Holder Wealth Management, Inc.
★ ★ ★ ★ ★ 5
Bluestem Financial Advisors, LLC
★ ★ ★ ★ ★ 5
Tenet Wealth Partners
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Urbana, 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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Urbana-Specific Expertise
For Urbana residents working in Education, Healthcare, Technology, 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
Urbana's tech sector growth needs diversification to mitigate risks. Real estate prices may rise due to demand, creating bubble concerns. Monitor flooding risks and diversify investments.

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