Best Financial Advisors in Youngstown

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
4.9/5.0
Average Rating

Youngstown Financial Landscape

Youngstown's economy is evolving, with a focus on manufacturing, healthcare, and education. The city's strategic location supports trade and logistics.

Major industries
Manufacturing, Healthcare, Education
Population
65.2K (metro: 650K)
Median household income
$40,000
Unique needs
Youngstown requires investment in tech and healthcare sectors to boost economic resilience and attract talent.
Market Insights
Economic Growth
According to BEA (2023), Youngstown's GDP growth has been steady, driven by a resurgence in manufacturing and service sectors.
Wealth Demographics
According to Census (2023), the median income in Youngstown is $40,000, reflecting economic challenges and opportunities for growth.
Advisor Specializations
Based on BLS (2023), financial advisors in Youngstown are increasingly focusing on retirement planning and wealth management strategies.
Local Considerations
Cost of Living
According to BLS (2024), Youngstown's cost of living remains below the national average, making it an attractive place for new residents.
Real Estate Market
According to Zillow (2024), Youngstown's real estate market is recovering, with home prices stabilizing but still presenting affordability challenges.
Business Environment
According to Fortune (2024), Youngstown's business climate is improving, with initiatives to attract startups and support local entrepreneurship.

Top 5 Financial Advisors in Youngstown

Edward Jones - Financial Advisor: Lori A Ferreri, AAMS®
★ ★ ★ ★ ★ 5
Thomas W Titus - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
WRS Wealth Advisors
★ ★ ★ ★ ★ 5
World Financial Group
★ ★ ★ ★ ★ 5
The Handel2 Group - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Youngstown, 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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Youngstown-Specific Expertise
For Youngstown 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
Youngstown's manufacturing reliance poses economic risks; diversify into tech and healthcare. Real estate market shows volatility; monitor housing prices and consider flood risks.

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