Best Financial Advisors in Woodbury

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
4.5/5.0
Average Rating

Woodbury Financial Landscape

Woodbury's economy is diverse, with a mix of retail, healthcare, and professional services driving growth. The city benefits from its proximity to the Twin Cities, enhancing its economic prospects.

Major industries
Healthcare, Retail, Professional Services
Population
65.7K (metro: 3.6M)
Median household income
$92,000
Unique needs
Woodbury requires tailored financial strategies to address suburban growth and family-oriented services.
Market Insights
Economic Growth
According to BEA (2023), Woodbury's economy has shown steady growth, driven by population influx and local business expansion.
Wealth Demographics
According to Census (2023), Woodbury's median household income is approximately $92,000, reflecting a prosperous community.
Advisor Specializations
Based on BLS (2023), financial advisors in Woodbury increasingly focus on retirement planning and family wealth management.
Local Considerations
Cost of Living
According to BLS (2024), Woodbury's cost of living is slightly above the national average, driven by housing and healthcare expenses.
Real Estate Market
According to Zillow (2024), the real estate market in Woodbury is competitive, with home prices increasing due to high demand.
Business Environment
According to Fortune (2024), Woodbury offers a favorable business climate with supportive local policies and a growing workforce.

Top 5 Financial Advisors in Woodbury

Bernicke Wealth Management
★ ★ ★ ★ ★ 5
Pine Grove Financial Group
★ ★ ★ ★ ★ 5
Pursuit Wealth Management
★ ★ ★ ★ ★ 5
Woodbury Wealth Management
★ ★ ★ ★ ★ 5
Wealth Enhancement Group
★ ★ ★ ★ ★ 5
Receive a complimentary AI wealth evaluation before hiring an advisor.
Sign up for Mezzi

How to Choose the Right Financial Advisor

When selecting a financial advisor in Woodbury, consider these essential factors

Icon
Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
Icon
Woodbury-Specific Expertise
For Woodbury residents working in Healthcare, Retail, Professional Services, consider advisors with specific experience in your industry's unique compensation and benefit structures.
Icon
Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
Icon
Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
Icon
Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
Icon
Risk Management Focus
Woodbury's retail and healthcare sectors face competition; real estate prices are rising, posing bubble risks. Prepare for flooding and diversify investments to mitigate economic shocks.

Skip the advisor fees

Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Minnesota locations

Minneapolis St. Paul Rochester Bloomington Duluth Brooklyn Park Plymouth St. Cloud