Best Financial Advisors in Hagerstown

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
4.5/5.0
Average Rating

Hagerstown Financial Landscape

Hagerstown's economy is diverse, with strengths in manufacturing, healthcare, and retail. The city serves as a regional hub for commerce and logistics.

Major industries
Manufacturing, Healthcare, Retail
Population
40.6K (metro: 40612)
Median household income
$55,000
Unique needs
Hagerstown requires focused investment in infrastructure and workforce development to support its growing economy.
Market Insights
Economic Growth
According to BEA (2023), Hagerstown's economy has seen a 3% growth rate, driven by local manufacturing and healthcare expansion.
Wealth Demographics
According to Census (2023), the median household income in Hagerstown is $55,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Hagerstown are increasingly specializing in retirement planning and small business consulting.
Local Considerations
Cost of Living
According to BLS (2024), Hagerstown's cost of living is 10% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), Hagerstown's real estate market has seen a 5% increase in home values over the past year, indicating strong demand.
Business Environment
According to Fortune (2024), Hagerstown's business climate is favorable, with incentives for small businesses and a supportive local government.

Top 5 Financial Advisors in Hagerstown

Wealth Enhancement Group
★ ★ ★ ★ ★ 5
Carson Wealth
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Lisa M Taylor, ChFC®|CRPC™
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Katie Schwartz, CFP®|ChFC®|AAMS®
★ ★ ★ ★ ★ 5
Comprehensive Financial Planning Group, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Hagerstown, 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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Hagerstown-Specific Expertise
For Hagerstown 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
Hagerstown's manufacturing sector faces risks from economic downturns; real estate prices may rise due to demand. Flooding risks exist; diversify investments to mitigate impacts.

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Find Financial Advisors in Nearby Cities

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