Best Financial Advisors in Rochester

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
110+
Advisors
4.6/5.0
Average Rating

Rochester Financial Landscape

Rochester's economy is anchored by the Mayo Clinic, driving healthcare innovation and employment. The city also benefits from a burgeoning tech sector and a strong service industry.

Major industries
Healthcare, Technology, Education
Population
110.7K (metro: 1.2M)
Median household income
$70,000
Unique needs
Rochester's economy requires a focus on healthcare innovation and tech diversification to sustain growth.
Market Insights
Economic Growth
According to BEA (2023), Rochester's economy grew by 3.5% last year, driven by healthcare and tech sectors.
Wealth Demographics
According to Census (2023), Rochester's median household income is $70,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Rochester are increasingly focusing on healthcare and retirement planning.
Local Considerations
Cost of Living
According to BLS (2024), Rochester's cost of living is 5% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), Rochester's real estate market is competitive, with home prices rising by 8% over the past year.
Business Environment
According to Fortune (2024), Rochester is ranked as one of the best cities for startups, particularly in healthcare and tech.

Top 5 Financial Advisors in Rochester

Fortress Financial Group
★ ★ ★ ★ ★ 5
Prinvest Advisors
★ ★ ★ ★ ★ 5
Pulse Financial Planning
★ ★ ★ ★ ★ 5
Advanced Financial Consultants
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Don Charlson
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Rochester, 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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Rochester-Specific Expertise
For Rochester residents working in Healthcare, Technology, 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
Rochester's healthcare focus poses risks if not diversified; real estate may face volatility. Weather risks include severe winters and flooding; diversify investments.

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