Best Financial Advisors in Lawrence

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
60+
Advisors
4.9/5.0
Average Rating

Lawrence Financial Landscape

With a population of 47,135, Lawrence is part of the Indianapolis metropolitan area, benefiting from its proximity to a major urban center. The local economy is diverse, with growth in sectors such as healthcare, retail, and manufacturing.

Major industries
Healthcare, Retail, Manufacturing
Population
1.3M (metro: 7.8M)
Median household income
$60,000
Unique needs
Lawrence requires tailored financial strategies to address its unique suburban dynamics and economic growth potential.
Market Insights
Economic Growth
According to BEA (2023), Lawrence has seen a steady economic growth rate of 3.2%, driven by local healthcare expansions.
Wealth Demographics
According to Census (2023), the median income in Lawrence is approximately $60,000, reflecting a stable middle-class demographic.
Advisor Specializations
Based on BLS (2023), financial advisors in Lawrence are increasingly specializing in retirement planning and estate management.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Lawrence is 10% lower than the national average, making it an attractive place for families.
Real Estate Market
According to Zillow (2024), Lawrence's real estate market has seen a 5% increase in home prices, indicating strong demand but potential bubble risks.
Business Environment
According to Fortune (2024), Lawrence's business climate is favorable, with incentives for small businesses and a supportive local government.

Top 5 Financial Advisors in Lawrence

Creative Financial Group
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Vern F Roach, CFP®|AAMS®
★ ★ ★ ★ ★ 5
Deerfield Financial Advisors, Inc.
★ ★ ★ ★ ★ 5
RLS Wealth
★ ★ ★ ★ ★ 5
Bedel Financial Consulting
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Lawrence, 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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Lawrence-Specific Expertise
For Lawrence residents working in Healthcare, Retail, Manufacturing, 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
Lawrence's reliance on healthcare and retail poses risks; consider diversifying investments. Real estate may face bubble risks amid rising prices, and flooding is a concern.

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Find Financial Advisors in Nearby Cities

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Indianapolis Fort Wayne Evansville South Bend Carmel Fishers Bloomington Hammond