Best Financial Advisors in Bloomington

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
4.7/5.0
Average Rating

Bloomington Financial Landscape

Bloomington's economy thrives on education, healthcare, and technology, supported by Indiana University. The city is experiencing steady growth, attracting new businesses and residents.

Major industries
Education, Healthcare, Technology
Population
82.6K (metro: 825.8K)
Median household income
$54,000
Unique needs
Bloomington's economy requires a focus on educational services and tech innovation to sustain growth.
Market Insights
Economic Growth
According to BEA (2023), Bloomington's GDP growth is driven by education and healthcare, with a focus on innovation and technology sectors.
Wealth Demographics
According to Census (2023), the median income in Bloomington is $54,000, reflecting a diverse economic base with significant student population impact.
Advisor Specializations
Based on BLS (2023), financial advisors in Bloomington are increasingly specializing in education funding and retirement planning due to demographic trends.
Local Considerations
Cost of Living
According to BLS (2024), Bloomington's cost of living is competitive, with housing affordability being a key factor for new residents.
Real Estate Market
According to Zillow (2024), the real estate market in Bloomington shows rising home prices, driven by demand from students and professionals.
Business Environment
According to Fortune (2024), Bloomington's business climate is favorable, supported by local universities and a growing tech ecosystem.

Top 5 Financial Advisors in Bloomington

Hurlow Wealth Management Group, Inc.
★ ★ ★ ★ ★ 5
Comprehensive Financial Consultants
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Steven J Fortune, CFP®|CPWA®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Joel Schneider
★ ★ ★ ★ ★ 5
Thomas Rillo - Raymond James
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Bloomington, 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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Bloomington-Specific Expertise
For Bloomington 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
Bloomington's tech sector growth necessitates diversification to mitigate risks. Real estate prices are rising, indicating potential bubble risks. Prepare for flooding and economic shifts.

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Find Financial Advisors in Nearby Cities

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