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
90+
Advisors
4.9/5.0
Average Rating

Lawrence Financial Landscape

Lawrence's economy is bolstered by its proximity to the University of Kansas, fostering innovation and a skilled workforce. The city enjoys a diverse economic base with significant contributions from education, healthcare, and retail.

Major industries
Education, Healthcare, Retail
Population
90.8K (metro: 108.5K)
Median household income
$60,000
Unique needs
Lawrence requires tailored financial services to support its educational institutions and growing tech sector.
Market Insights
Economic Growth
According to BEA (2023), Lawrence's economy grew by 3.5% last year, driven by education and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Lawrence is $60,000, reflecting a diverse economic landscape.
Advisor Specializations
Based on BLS (2023), financial advisors in Lawrence are increasingly focusing on education and healthcare sectors.
Local Considerations
Cost of Living
According to BLS (2024), Lawrence's cost of living is 10% lower than the national average, making it attractive for residents.
Real Estate Market
According to Zillow (2024), Lawrence's real estate market shows steady appreciation, with median home prices around $250,000.
Business Environment
According to Fortune (2024), Lawrence's business climate is favorable, with support for startups and small businesses.

Top 5 Financial Advisors in Lawrence

Rademacher Financial, Inc., An Independent Registered Investment Advisor
★ ★ ★ ★ ★ 5
Ryan Shumaker DBA Retirement Team
★ ★ ★ ★ ★ 5
Creative Planning
★ ★ ★ ★ ★ 5
Clayton Wealth Partners
★ ★ ★ ★ ★ 5
Living Wealth
★ ★ ★ ★ ★ 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 Education, 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
Lawrence's reliance on education and retail poses risks; housing market volatility and flooding are concerns. Diversify investments to mitigate economic downturns.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Kansas locations

Wichita Overland Park Kansas City Olathe Topeka Lawrence Shawnee Manhattan