Best Financial Advisors in Philadelphia

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
1,500+
Advisors
4.6/5.0
Average Rating

Philadelphia Financial Landscape

Philadelphia's economy is diverse, with strong sectors in healthcare, education, and finance. The city is home to numerous Fortune 500 companies and a growing tech scene.

Major industries
Healthcare, Education, Finance, Technology
Population
1.6M (metro: 6.1M)
Median household income
$67,000
Unique needs
Focus on healthcare and education sectors for investment; consider tech growth potential.
Market Insights
Economic Growth
According to BEA (2023), Philadelphia's GDP growth rate is projected at 2.5%, driven by healthcare and technology advancements.
Wealth Demographics
According to Census (2023), the median household income in Philadelphia is $67,000, reflecting a diverse economic landscape.
Advisor Specializations
Based on BLS (2023), financial advisors in Philadelphia are increasingly specializing in retirement planning and investment management.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Philadelphia is approximately 10% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), Philadelphia's real estate market shows a 5% annual increase in home prices, indicating a competitive housing environment.
Business Environment
According to Fortune (2024), Philadelphia ranks high for startups, particularly in tech and healthcare, fostering a vibrant business ecosystem.

Top 5 Financial Advisors in Philadelphia

Activate Wealth
★ ★ ★ ★ ★ 5
Zenith Wealth Partners
★ ★ ★ ★ ★ 5
Rassler Financial
★ ★ ★ ★ ★ 5
Wealth Enhancement Group
★ ★ ★ ★ ★ 5
RTD Financial
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Philadelphia, 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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Philadelphia-Specific Expertise
For Philadelphia residents working in Healthcare, Education, Finance, Technology, 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
Philadelphia's finance and healthcare sectors face regulatory risks. Real estate is volatile; monitor housing prices. Prepare for flooding and winter storms, and diversify investments.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Pennsylvania locations

Philadelphia Pittsburgh Allentown Erie Reading Scranton Bethlehem Lancaster