Best Financial Advisors in Maplewood

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

60+
Advisors
4.7/5.0
Average Rating

Maplewood Financial Landscape

With a population of 39,765, Maplewood boasts a balanced economy driven by healthcare, retail, and education sectors. The city benefits from its proximity to the Twin Cities' metropolitan area.

Major industries
Healthcare, Retail, Education
Population
39.8K (metro: 3.6M)
Median household income
$75,000
Unique needs
Maplewood requires tailored financial advice due to its unique economic landscape and demographic diversity.
Market Insights
Economic Growth
According to BEA (2023), Maplewood's economy has shown steady growth, driven by healthcare and retail sectors, with a projected growth rate of 3% annually.
Wealth Demographics
According to Census (2023), the median income in Maplewood is $75,000, reflecting a diverse economic base and stable employment opportunities.
Advisor Specializations
Based on BLS (2023), financial advisors in Maplewood increasingly specialize in retirement planning and healthcare-related financial services.
Local Considerations
Cost of Living
According to BLS (2024), Maplewood's cost of living is slightly above the national average, driven by housing and healthcare expenses.
Real Estate Market
According to Zillow (2024), the real estate market in Maplewood is competitive, with home prices rising 5% year-over-year, indicating potential bubble risks.
Business Environment
According to Fortune (2024), Maplewood's business climate is favorable, with a supportive local government and access to a skilled workforce.

Top 5 Financial Advisors in Maplewood

How to Choose the Right Financial Advisor

When selecting a financial advisor in Maplewood, 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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Maplewood-Specific Expertise
For Maplewood residents working in Healthcare, Retail, Education, 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
Maplewood's healthcare sector concentration poses risks; diversify investments. Real estate faces bubble concerns. Prepare for severe weather events like tornadoes.

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