Best Financial Advisors in Moorhead

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
4.9/5.0
Average Rating

Moorhead Financial Landscape

Moorhead's economy is diverse, with significant contributions from education, healthcare, and retail sectors. The city benefits from its proximity to Fargo, ND, enhancing economic opportunities.

Major industries
Education, Healthcare, Retail
Population
39.4K (metro: 39398)
Median household income
$55,000
Unique needs
Moorhead requires tailored financial advice to navigate local economic conditions and housing market dynamics.
Market Insights
Economic Growth
According to BEA (2023), Moorhead's economy has shown steady growth, driven by education and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Moorhead is approximately $55,000, reflecting a stable middle-class demographic.
Advisor Specializations
Based on BLS (2023), financial advisors in Moorhead increasingly focus on retirement planning and education funding.
Local Considerations
Cost of Living
According to BLS (2024), Moorhead's cost of living is lower than the national average, making it attractive for families.
Real Estate Market
According to Zillow (2024), the real estate market in Moorhead is competitive, with rising home prices and demand for rentals.
Business Environment
According to Fortune (2024), Moorhead's business climate is favorable, with support for small businesses and startups.

Top 5 Financial Advisors in Moorhead

Edward Jones - Financial Advisor: Jon Simmons
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Lacey Romie
★ ★ ★ ★ ★ 5
William Janson - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Legacy Wealth Management
★ ★ ★ ★ ★ 5
Prairiewood Wealth Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Moorhead, 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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Moorhead-Specific Expertise
For Moorhead residents working in Education, Healthcare, Retail, 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
Moorhead's reliance on education and healthcare sectors poses risks; housing market volatility and flooding are concerns. Diversify investments to mitigate economic downturns.

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