Best Financial Advisors in Gary

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
70+
Advisors
4.7/5.0
Average Rating

Gary Financial Landscape

Gary's economy is diversifying beyond its traditional manufacturing base, with growth in logistics and healthcare. The city is strategically located near major transportation routes, enhancing its economic potential.

Major industries
Manufacturing, Logistics, Healthcare
Population
78.4K (metro: 1.2M)
Median household income
$36,000
Unique needs
Gary requires economic diversification to reduce reliance on manufacturing and improve housing stability.
Market Insights
Economic Growth
According to BEA (2023), Gary's GDP growth is projected at 2.5%, driven by logistics and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Gary is $36,000, reflecting economic challenges in the region.
Advisor Specializations
Based on BLS (2023), financial advisors in Gary increasingly focus on retirement planning and real estate investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Gary's cost of living is approximately 10% lower than the national average, making it affordable for residents.
Real Estate Market
According to Zillow (2024), Gary's real estate market shows signs of stabilization, with median home prices at $120,000.
Business Environment
According to Fortune (2024), Gary's business climate is improving, with incentives for startups and established businesses in logistics.

Top 5 Financial Advisors in Gary

MidCoast Wealth Advisors - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Adam Robertson, CFP®|ChFC®|AAMS®
★ ★ ★ ★ ★ 5
Murphy Wealth Management
★ ★ ★ ★ ★ 5
Harvest Wealth Partners
★ ★ ★ ★ ★ 5
Conduit Investment Advisors
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Gary, 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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Gary-Specific Expertise
For Gary residents working in Manufacturing, Logistics, Healthcare, 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
Gary's manufacturing focus poses risks; diversify into logistics and healthcare. Real estate may face volatility; monitor housing trends. Flooding risks exist—invest in resilient infrastructure.

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