Best Financial Advisors in Hempstead

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
4.7/5.0
Average Rating

Hempstead Financial Landscape

Hempstead's economy is primarily driven by retail, healthcare, and education. The town's strategic location near New York City enhances its economic potential.

Major industries
Retail, Healthcare, Education
Population
55.4K (metro: 7.8M)
Median household income
$83,000
Unique needs
Hempstead requires tailored financial strategies to address its diverse population and economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Hempstead's economy has shown steady growth, with a focus on service industries driving job creation.
Wealth Demographics
According to Census (2023), the median income in Hempstead is approximately $83,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Hempstead are increasingly specializing in retirement planning and estate management.
Local Considerations
Cost of Living
According to BLS (2024), Hempstead's cost of living is slightly above the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the real estate market in Hempstead is competitive, with home values rising steadily over the past year.
Business Environment
According to Fortune (2024), Hempstead's business climate is favorable, with incentives for small businesses and startups.

Top 5 Financial Advisors in Hempstead

Edward Jones - Financial Advisor: Marie L Taylor, AAMS®|CRPC™
★ ★ ★ ★ ★ 5
Alain Martin - TD Wealth Financial Advisor
★ ★ ★ ★ ★ 5
R & R Financial Planners Inc
★ ★ ★ ★ ★ 5
Attitude Financial Advisors, Inc
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Parikshit Patel
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Hempstead, 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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Hempstead-Specific Expertise
For Hempstead residents working in Retail, 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
Hempstead's retail focus poses risks; diversify investments to mitigate economic downturns. Real estate prices are high, indicating potential bubble risks. Prepare for flooding and hurricanes.

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