Best Financial Advisors in Lakeville

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

Lakeville Financial Landscape

Lakeville'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 prospects.

Major industries
Retail, Healthcare, Manufacturing
Population
58.6K (metro: 3.6M)
Median household income
$100,000
Unique needs
Lakeville requires tailored financial planning for families and businesses, focusing on education and healthcare sectors.
Market Insights
Economic Growth
According to BEA (2023), Lakeville's economy has seen steady growth, with a focus on retail and healthcare contributing significantly to local GDP.
Wealth Demographics
According to Census (2023), Lakeville's median household income is approximately $100,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), local financial advisors are increasingly specializing in family wealth management and retirement planning.
Local Considerations
Cost of Living
According to BLS (2024), Lakeville's cost of living is slightly above the national average, driven by housing and healthcare expenses.
Real Estate Market
According to Zillow (2024), Lakeville's real estate market is competitive, with home prices rising due to demand and limited inventory.
Business Environment
According to Fortune (2024), Lakeville's business climate is favorable, attracting new businesses with incentives and a skilled workforce.

Top 5 Financial Advisors in Lakeville

Edward Jones - Financial Advisor: Kelly Contreras
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Jason Christenson
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Kellee Ablard, CRPC™
★ ★ ★ ★ ★ 5
Midwest Money Management
★ ★ ★ ★ ★ 5
Josh Malwitz - Thrivent
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Lakeville, 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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Lakeville-Specific Expertise
For Lakeville 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
Lakeville's retail and healthcare sectors face competition risks; housing market shows signs of overvaluation. Prepare for flooding risks and diversify investments.

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