Best Financial Advisors in Frederick

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
5/5.0
Average Rating

Frederick Financial Landscape

Frederick boasts a diverse economy with strengths in healthcare, education, and manufacturing. The city is strategically located near major metropolitan areas, enhancing its economic potential.

Major industries
Healthcare, Education, Manufacturing
Population
66.9K (metro: 1.1M)
Median household income
$80,000
Unique needs
Frederick requires tailored financial strategies to address its unique economic landscape and demographic trends.
Market Insights
Economic Growth
According to BEA (2023), Frederick's economy has seen a steady growth rate of 3.5%, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median household income in Frederick is approximately $80,000, reflecting a growing affluent population.
Advisor Specializations
Based on BLS (2023), financial advisors in Frederick are increasingly focusing on retirement planning and estate management.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Frederick is 10% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the real estate market in Frederick is competitive, with home prices rising by 8% year-over-year, indicating potential bubble risks.
Business Environment
According to Fortune (2024), Frederick's business climate is favorable, with low unemployment rates and supportive local policies for small businesses.

Top 5 Financial Advisors in Frederick

McCaskill Financial
★ ★ ★ ★ ★ 5
Bestgate Wealth Advisors, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Jenifer L Sutton
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Susan E Edmiston, AAMS®
★ ★ ★ ★ ★ 5
Moore Wealth
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Frederick, 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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Frederick-Specific Expertise
For Frederick residents working in Healthcare, Education, 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
Frederick's economy, reliant on healthcare and education, faces risks from housing market fluctuations and potential flooding. Diversify investments to mitigate real estate and natural disaster risks.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Maryland locations

Baltimore Frederick Gaithersburg Rockville Bowie Hagerstown Annapolis