Best Financial Advisors in Duluth

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
4.8/5.0
Average Rating

Duluth Financial Landscape

Duluth's economy is anchored by shipping, healthcare, and tourism. The city benefits from its strategic location and natural resources.

Major industries
Shipping, Healthcare, Tourism
Population
86.1K (metro: 861.3K)
Median household income
$56,000
Unique needs
Duluth requires a focus on sustainable tourism and healthcare innovation to enhance economic resilience.
Market Insights
Economic Growth
According to BEA (2023), Duluth's economy is projected to grow by 2.5% annually, driven by shipping and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Duluth is $56,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Duluth are increasingly specializing in retirement planning and healthcare investments.
Local Considerations
Cost of Living
According to BLS (2024), Duluth'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), Duluth's housing market has seen a 5% increase in home values, raising concerns about affordability.
Business Environment
According to Fortune (2024), Duluth's business climate is improving, with incentives for startups in tech and green industries.

Top 5 Financial Advisors in Duluth

Signature Wealth Management
★ ★ ★ ★ ★ 5
Lake Rock Wealth Management
★ ★ ★ ★ ★ 5
Liberty Wealth Management of Raymond James
★ ★ ★ ★ ★ 5
Wheeler Associates
★ ★ ★ ★ ★ 5
JNBA Financial Advisors
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Duluth, 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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Duluth-Specific Expertise
For Duluth residents working in Shipping, Healthcare, Tourism, 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
Duluth's reliance on shipping and tourism poses economic risks; housing market volatility and flooding concerns necessitate diversification strategies.

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Find Financial Advisors in Nearby Cities

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