Best Financial Advisors in Waukegan

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
80+
Advisors
4.6/5.0
Average Rating

Waukegan Financial Landscape

Waukegan's economy is bolstered by manufacturing, healthcare, and retail sectors. The city serves as a regional hub, benefiting from its proximity to Chicago.

Major industries
Manufacturing, Healthcare, Retail
Population
88.8K (metro: 7.8M)
Median household income
$62,000
Unique needs
Waukegan requires tailored financial services to address its diverse population and economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Waukegan's economy is growing steadily, with a focus on manufacturing and services driving job creation.
Wealth Demographics
According to Census (2023), the median income in Waukegan is $62,000, reflecting a diverse economic base and workforce.
Advisor Specializations
Based on BLS (2023), financial advisors in Waukegan are increasingly specializing in retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Waukegan's cost of living is competitive, with housing costs being a significant factor for residents.
Real Estate Market
According to Zillow (2024), Waukegan's real estate market shows signs of appreciation, but affordability remains a concern for many buyers.
Business Environment
According to Fortune (2024), Waukegan's business climate is favorable, with incentives for small businesses and a supportive local government.

Top 5 Financial Advisors in Waukegan

BRP Financial Group
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Mike Amrozowicz
★ ★ ★ ★ ★ 5
Garrett Koncan - Private Wealth Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Alan Grossman
★ ★ ★ ★ ★ 5
Winchester Wealth Advisors - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Waukegan, 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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Waukegan-Specific Expertise
For Waukegan residents working in Manufacturing, Healthcare, 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
Waukegan's reliance on manufacturing poses economic risks; housing market volatility and flooding are concerns. Diversify investments to mitigate these risks.

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Find Financial Advisors in Nearby Cities

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