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
50+
Advisors
4.8/5.0
Average Rating

Springfield Financial Landscape

With a population of 59,357, Springfield's economy is bolstered by manufacturing, healthcare, and education sectors. The city is strategically located, enhancing its appeal for businesses.

Major industries
Manufacturing, Healthcare, Education
Population
59K (metro: 1.3M)
Median household income
$45,000
Unique needs
Springfield requires focused investment in healthcare and education to sustain growth and employment.
Market Insights
Economic Growth
According to BEA (2023), Springfield's economy has shown steady growth, primarily driven by manufacturing and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Springfield is $45,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Springfield are increasingly specializing in 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 and retirees.
Real Estate Market
According to Zillow (2024), Springfield's real estate market shows moderate growth, with rising home prices indicating potential investment opportunities.
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

Schuler Financial Group
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Sarah A Clemans, AAMS®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Jim Wasinger
★ ★ ★ ★ ★ 5
Miller Financial Private Wealth Management, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Becky Skiles Gorby
★ ★ ★ ★ ★ 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 Manufacturing, 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
Springfield's reliance on manufacturing poses economic risks; diversify investments. Real estate may face volatility, and flooding is a concern. Explore tech and healthcare sectors for stability.

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