Best Financial Advisors in Hammond

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
4.6/5.0
Average Rating

Hammond Financial Landscape

Hammond's economy is characterized by a mix of manufacturing, healthcare, and retail sectors. The city benefits from its proximity to Chicago, enhancing its economic opportunities.

Major industries
Manufacturing, Healthcare, Retail
Population
78.9K (metro: 7.8M)
Median household income
$50,000
Unique needs
Hammond requires focused economic diversification and sustainable housing development to mitigate risks.
Market Insights
Economic Growth
According to BEA (2023), Hammond's GDP growth has been steady, driven by manufacturing and service sectors.
Wealth Demographics
According to Census (2023), the median income in Hammond is approximately $50,000, reflecting local economic conditions.
Advisor Specializations
Based on BLS (2023), financial advisors in Hammond are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Hammond's cost of living remains below the national average, making it an attractive place for families.
Real Estate Market
According to Zillow (2024), the real estate market in Hammond is experiencing moderate growth, but affordability remains a concern.
Business Environment
According to Fortune (2024), Hammond's business climate is improving, with incentives for new businesses and startups.

Top 5 Financial Advisors in Hammond

Ivy League Financial Services Inc
★ ★ ★ ★ ★ 5
Horizon Investment Services
★ ★ ★ ★ ★ 5
Harvest Wealth Partners
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Adam Robertson, CFP®|ChFC®|AAMS®
★ ★ ★ ★ ★ 5
The Hobson Financial Group
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Hammond, 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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Hammond-Specific Expertise
For Hammond 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
Hammond's manufacturing reliance poses economic risks; consider diversifying into tech and services. Housing market shows signs of volatility; prepare for potential flooding risks.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Indiana locations

Indianapolis Fort Wayne Evansville South Bend Carmel Fishers Bloomington Hammond