Best Financial Advisors in Burnsville

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
4.8/5.0
Average Rating

Burnsville Financial Landscape

Burnsville's economy is characterized by a mix of retail, healthcare, and manufacturing sectors. The city benefits from its proximity to the Twin Cities, enhancing its economic opportunities.

Major industries
Retail, Healthcare, Manufacturing
Population
61.4K (metro: 3.6M)
Median household income
$80,000
Unique needs
Burnsville requires tailored financial strategies to address its suburban growth and diverse economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Burnsville's economy has seen a steady growth rate of 3% annually, driven by local business expansion.
Wealth Demographics
According to Census (2023), the median household income in Burnsville is $80,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Burnsville are increasingly focusing on retirement planning and real estate investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Burnsville's cost of living is approximately 5% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), Burnsville's real estate market is competitive, with home prices rising 8% year-over-year, indicating potential bubble risks.
Business Environment
According to Fortune (2024), Burnsville's business climate is favorable, with incentives for small businesses and a supportive local government.

Top 5 Financial Advisors in Burnsville

Kusske Financial, Inc.
★ ★ ★ ★ ★ 5
Wealth Enhancement Group
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Chris Peterson, CFP®
★ ★ ★ ★ ★ 5
Thomas J Asenbrenner - Private Wealth Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Financial Empowerment LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Burnsville, 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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Burnsville-Specific Expertise
For Burnsville residents working in Retail, 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
Burnsville's retail sector faces e-commerce risks; housing market shows signs of bubble. Prepare for flooding risks and diversify investments for economic stability.

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