Best Financial Advisors in Shakopee

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

Shakopee Financial Landscape

Shakopee's economy is diverse, with a focus on retail, manufacturing, and entertainment. The city benefits from its proximity to the Twin Cities, enhancing its economic potential.

Major industries
Retail, Manufacturing, Entertainment
Population
39.2K (metro: 3.6M)
Median household income
$85,000
Unique needs
Shakopee requires tailored financial advice due to its unique economic landscape and demographic trends.
Market Insights
Economic Growth
According to BEA (2023), Shakopee's economy is projected to grow by 3% annually, driven by retail and service sectors.
Wealth Demographics
According to Census (2023), the median income in Shakopee is $85,000, reflecting a stable middle-class population.
Advisor Specializations
Based on BLS (2023), financial advisors in Shakopee increasingly specialize in retirement planning and real estate investments.
Local Considerations
Cost of Living
According to BLS (2024), Shakopee's cost of living is 10% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), Shakopee's housing market is competitive, with home prices rising 8% year-over-year, indicating potential bubble risks.
Business Environment
According to Fortune (2024), Shakopee's business climate is favorable, with incentives for small businesses and a supportive local government.

Top 5 Financial Advisors in Shakopee

Edward Jones - Financial Advisor: Tom Wood, CRPC™
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Stephen P Huber, AAMS®|CRPC™
★ ★ ★ ★ ★ 5
Karl L Pawlowski - Private Wealth Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Paul N Youngs, CFP®|AAMS®|CRPC™
★ ★ ★ ★ ★ 5
Kurt Douglas Sharp - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Shakopee, 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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Shakopee-Specific Expertise
For Shakopee residents working in Retail, Manufacturing, Entertainment, 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
Shakopee's retail focus poses risks from e-commerce shifts. Real estate prices may bubble; diversify investments. Monitor flooding risks and economic shifts.

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