Best Financial Advisors in Springfield

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
160+
Advisors
4.8/5.0
Average Rating

Springfield Financial Landscape

With a population of 164,122, Springfield serves as a regional hub for commerce and education. The city boasts a mix of healthcare, retail, and manufacturing sectors.

Major industries
Healthcare, Retail, Manufacturing
Population
164K (metro: 1.5M)
Median household income
$50,000
Unique needs
Springfield's economy requires attention to healthcare expansion and workforce development.
Market Insights
Economic Growth
According to BEA (2023), Springfield's economy has shown steady growth, driven by healthcare and retail sectors.
Wealth Demographics
According to Census (2023), the median income in Springfield is approximately $50,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Springfield are increasingly focusing on retirement planning and healthcare investments.
Local Considerations
Cost of Living
According to BLS (2024), Springfield's cost of living is lower than the national average, making it attractive for families.
Real Estate Market
According to Zillow (2024), Springfield's real estate market is experiencing moderate growth, but affordability remains a concern.
Business Environment
According to Fortune (2024), Springfield's business climate is favorable, with incentives for startups and established businesses alike.

Top 5 Financial Advisors in Springfield

Fervent Wealth Management
★ ★ ★ ★ ★ 5
Pinnacle Family Advisors
★ ★ ★ ★ ★ 5
Baron Financial Group, LLC
★ ★ ★ ★ ★ 5
Evans Wealth Planning
★ ★ ★ ★ ★ 5
Ameriprise Financial - Achieve Private Wealth
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Springfield, 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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Springfield-Specific Expertise
For Springfield residents working in Healthcare, Retail, Manufacturing, 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
Springfield's reliance on healthcare and retail poses risks; diversify investments. Monitor housing market for bubble signs and prepare for tornado threats.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Missouri locations

Kansas City St. Louis Springfield Independence Columbia Lee's Summit O'Fallon St. Joseph