Best Financial Advisors in Minnetonka

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

Minnetonka Financial Landscape

Minnetonka boasts a diverse economy with a strong focus on retail, healthcare, and technology. The city benefits from its proximity to the Twin Cities, enhancing its economic prospects.

Major industries
Retail, Healthcare, Technology
Population
51.4K (metro: 3.6M)
Median household income
$85,000
Unique needs
Minnetonka requires tailored financial strategies due to its suburban dynamics and diverse economic base.
Market Insights
Economic Growth
According to BEA (2023), Minnetonka's economy is expanding, driven by retail and healthcare sectors, contributing to stable job growth.
Wealth Demographics
According to Census (2023), the median income in Minnetonka is $85,000, reflecting a prosperous community with high educational attainment.
Advisor Specializations
Based on BLS (2023), financial advisors in Minnetonka are increasingly focusing on retirement planning and investment strategies tailored to affluent clients.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Minnetonka is slightly above the national average, driven by housing and healthcare expenses.
Real Estate Market
According to Zillow (2024), the real estate market in Minnetonka is competitive, with home prices increasing due to high demand and limited inventory.
Business Environment
According to Fortune (2024), Minnetonka's business climate is favorable, with supportive local policies and a strong entrepreneurial ecosystem.

Top 5 Financial Advisors in Minnetonka

Marks Group Wealth Management
★ ★ ★ ★ ★ 5
Refine Wealth Strategies
★ ★ ★ ★ ★ 5
Endeavr Financial Planning & Wealth Management
★ ★ ★ ★ ★ 5
Fiat Wealth Management
★ ★ ★ ★ ★ 5
TreeLine Wealth Management - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Minnetonka, 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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Minnetonka-Specific Expertise
For Minnetonka residents working in Retail, Healthcare, Technology, 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
Minnetonka's tech sector growth necessitates diversification to mitigate market volatility. Real estate prices are rising, indicating potential bubble risks. Prepare for flooding and economic shifts.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Minnesota locations

Minneapolis St. Paul Rochester Bloomington Duluth Brooklyn Park Plymouth St. Cloud