Best Financial Advisors in Kokomo

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
50+
Advisors
4.5/5.0
Average Rating

Kokomo Financial Landscape

Kokomo's economy is primarily driven by manufacturing, healthcare, and retail sectors. The city is experiencing steady growth with a focus on diversifying its industrial base.

Major industries
Manufacturing, Healthcare, Retail
Population
56.9K (metro: N/A)
Median household income
$50,000
Unique needs
Kokomo requires strategies to diversify its manufacturing base and address housing market fluctuations.
Market Insights
Economic Growth
According to BEA (2023), Kokomo's economy has shown resilience with a growth rate of 2.5% in the past year, driven by manufacturing and healthcare.
Wealth Demographics
According to Census (2023), the median household income in Kokomo is approximately $50,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Kokomo are increasingly specializing in retirement planning and investment strategies for local industries.
Local Considerations
Cost of Living
According to BLS (2024), Kokomo's cost of living is approximately 10% lower than the national average, making it an affordable place to live.
Real Estate Market
According to Zillow (2024), Kokomo's real estate market has seen a 5% increase in home prices over the past year, indicating a competitive housing environment.
Business Environment
According to Fortune (2024), Kokomo is fostering a supportive business climate with incentives for new manufacturing and tech startups.

Top 5 Financial Advisors in Kokomo

Aurora Financial Strategies
★ ★ ★ ★ ★ 5
Financial Solutions & Investments, Financial Advisor, Mary Sommers Carden
★ ★ ★ ★ ★ 5
Sycamore Financial Group
★ ★ ★ ★ ★ 5
Rob Hopkins, CFP® - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Jackson Financial Group, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Kokomo, 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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Kokomo-Specific Expertise
For Kokomo 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
Kokomo's manufacturing focus poses risks; diversify into tech and services. Real estate may face volatility; consider flood risks and economic diversification.

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