Best Financial Advisors in St. Paul

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
290+
Advisors
4.7/5.0
Average Rating

St. Paul Financial Landscape

St. Paul is a key economic hub in the Twin Cities, with a diverse economy driven by government, healthcare, and education sectors. The city supports a robust workforce and a growing entrepreneurial landscape.

Major industries
Government, Healthcare, Education
Population
294.9K (metro: 3.6M)
Median household income
$70,000
Unique needs
St. Paul requires tailored financial strategies to address its unique economic landscape and demographic diversity.
Market Insights
Economic Growth
According to BEA (2023), St. Paul's economy grew by 3.2% last year, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median income in St. Paul is $70,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in St. Paul increasingly focus on retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), St. Paul's cost of living is approximately 10% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), St. Paul's housing market is competitive, with home values rising 5% year-over-year, indicating potential bubble risks.
Business Environment
According to Fortune (2024), St. Paul offers a supportive business climate with incentives for startups, particularly in tech and healthcare.

Top 5 Financial Advisors in St. Paul

Dunncreek Advisors LLC
★ ★ ★ ★ ★ 5
Shamrock Wealth Management
★ ★ ★ ★ ★ 5
RBC Wealth Management Branch - St. Paul
★ ★ ★ ★ ★ 5
G T Financial Advisors, LLC
★ ★ ★ ★ ★ 5
Merrill Lynch Wealth Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in St. Paul, 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. Paul-Specific Expertise
For St. Paul residents working in Government, Healthcare, 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
St. Paul's healthcare and education sectors dominate, risking over-reliance. Real estate prices are rising, indicating potential bubble risks. Prepare for winter storms and flooding; diversify investm...

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