Best Financial Advisors in St. Louis Park

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

St. Louis Park Financial Landscape

The city boasts a population of 47,411 and is part of the Minneapolis-St. Paul metropolitan area. Its economy is driven by healthcare, retail, and professional services.

Major industries
Healthcare, Retail, Professional Services
Population
1.3M (metro: 7.8M)
Median household income
$76,000
Unique needs
Focus on healthcare and retail services, with a need for sustainable development and community engagement.
Market Insights
Economic Growth
According to BEA (2023), St. Louis Park's economy has shown steady growth, driven by healthcare and retail sectors.
Wealth Demographics
According to Census (2023), the median income in St. Louis Park is $76,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in the area are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in St. Louis Park is slightly above the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the real estate market is competitive, with home prices rising due to demand and limited inventory.
Business Environment
According to Fortune (2024), St. Louis Park offers a supportive business climate with resources for startups and established firms.

Top 5 Financial Advisors in St. Louis Park

Lion's Wealth Management
★ ★ ★ ★ ★ 5
Guardian Wealth Strategies Fiduciary & Financial Planning
★ ★ ★ ★ ★ 5
Strategic Financial Concepts
★ ★ ★ ★ ★ 5
Millstone Wealth Management
★ ★ ★ ★ ★ 5
WatersEdge Wealth Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in St. Louis Park, 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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St. Louis Park-Specific Expertise
For St. Louis Park residents working in Healthcare, Retail, Professional Services, 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
St. Louis Park's retail focus requires diversification to mitigate economic downturns. Housing demand may lead to price bubbles; monitor market trends. Tornado risks necessitate preparedness.

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Find Financial Advisors in Nearby Cities

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