Best Financial Advisors in St. Clair Shores

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
4.7/5.0
Average Rating

St. Clair Shores Financial Landscape

The economy of St. Clair Shores is primarily driven by manufacturing, healthcare, and retail sectors. The city's strategic location near Detroit enhances its economic prospects.

Major industries
Manufacturing, Healthcare, Retail
Population
60.1K (metro: 600.7K)
Median household income
$60,000
Unique needs
Focus on sustainable development and diversification to mitigate economic risks.
Market Insights
Economic Growth
According to BEA (2023), St. Clair Shores has shown steady economic growth, driven by local manufacturing and service sectors.
Wealth Demographics
According to Census (2023), the median income in St. Clair Shores is approximately $60,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in the area are increasingly focusing on retirement planning and investment diversification.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in St. Clair Shores is competitive, with housing and utilities being the largest expenses.
Real Estate Market
According to Zillow (2024), the real estate market in St. Clair Shores is stable, but rising prices may indicate potential bubble risks.
Business Environment
According to Fortune (2024), St. Clair Shores offers a supportive business climate with incentives for local entrepreneurs and small businesses.

Top 5 Financial Advisors in St. Clair Shores

Lakeshore Financial Planning
★ ★ ★ ★ ★ 5
LPL Financial
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Mikhail Y Youdin, CFP®|CIMA®|CEPA®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Erin M Rohn
★ ★ ★ ★ ★ 5
Bowline Financial
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in St. Clair Shores, 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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St. Clair Shores-Specific Expertise
For St. Clair Shores 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
St. Clair Shores faces risks from manufacturing concentration and housing market fluctuations. Prepare for flooding and economic downturns by diversifying investments.

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