Best Financial Advisors in Bloomington

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
80+
Advisors
4.9/5.0
Average Rating

Bloomington Financial Landscape

Bloomington boasts a robust economy with a mix of retail, healthcare, and finance sectors. The city is home to the Mall of America, a major economic driver.

Major industries
Retail, Healthcare, Finance
Population
86.3K (metro: 3.6M)
Median household income
$75,000
Unique needs
Bloomington requires tailored financial strategies to address retail fluctuations and healthcare demands.
Market Insights
Economic Growth
According to BEA (2023), Bloomington's economy has shown steady growth, driven by retail and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Bloomington is $75,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Bloomington are increasingly focusing on retirement planning and real estate investment.
Local Considerations
Cost of Living
According to BLS (2024), Bloomington's cost of living is slightly above the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the real estate market in Bloomington is competitive, with rising home prices and limited inventory.
Business Environment
According to Fortune (2024), Bloomington's business climate is favorable, with a strong emphasis on retail and service industries.

Top 5 Financial Advisors in Bloomington

Webb Financial Group - Wealth Management
★ ★ ★ ★ ★ 5
Hance Financial, LLC
★ ★ ★ ★ ★ 5
Clerestory Advisors, Inc.
★ ★ ★ ★ ★ 5
Inspire Financial Services
★ ★ ★ ★ ★ 5
Boulevard Wealth Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Bloomington, 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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Bloomington-Specific Expertise
For Bloomington residents working in Retail, Healthcare, Finance, 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
Bloomington's retail focus poses risks from e-commerce shifts. Housing market may face bubble risks; diversify investments and prepare for winter storms.

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