Best Financial Advisors in Lexington-Fayette

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
300+
Advisors
4.8/5.0
Average Rating

Lexington-Fayette Financial Landscape

The economy of Lexington-Fayette is diverse, with strong sectors in education, healthcare, and manufacturing. The city benefits from a strategic location and a growing population.

Major industries
Education, Healthcare, Manufacturing
Population
308K (metro: 308K)
Median household income
$54,000
Unique needs
Focus on education and healthcare services to support the growing population.
Market Insights
Economic Growth
According to BEA (2023), Lexington-Fayette's GDP growth is projected at 3.2%, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median household income in Lexington-Fayette is $54,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Lexington are increasingly specializing in retirement planning and education funding.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Lexington-Fayette is 5% below the national average, making it an affordable city.
Real Estate Market
According to Zillow (2024), home prices in Lexington-Fayette have increased by 8% over the past year, indicating a competitive market.
Business Environment
According to Fortune (2024), Lexington-Fayette is ranked as a top city for small business growth, supported by local initiatives.

Top 5 Financial Advisors in Lexington-Fayette

ABRI LLC Financial Planner
★ ★ ★ ★ ★ 5
R.L. Brown Wealth Management
★ ★ ★ ★ ★ 5
Family Financial Partners
★ ★ ★ ★ ★ 5
Legacy Wealth Management
★ ★ ★ ★ ★ 5
Lexington Financial
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Lexington-Fayette, 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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Lexington-Fayette-Specific Expertise
For Lexington-Fayette residents working in Education, Healthcare, 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
Lexington's economy relies on education and healthcare, posing risks if these sectors falter. Real estate prices are rising, indicating potential bubble risks. Prepare for flooding and tornadoes.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Kentucky locations

Louisville/Jefferson County Lexington-Fayette Bowling Green Owensboro Covington