Best Financial Advisors in Florence

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
4.5/5.0
Average Rating

Florence Financial Landscape

Florence's economy is diverse, with significant contributions from healthcare, manufacturing, and retail. The city is strategically located along major highways, enhancing its logistical advantages.

Major industries
Healthcare, Manufacturing, Retail
Population
37.8K (metro: 377.9K)
Median household income
$48,000
Unique needs
Florence requires tailored financial services to address its unique economic landscape and demographic shifts.
Market Insights
Economic Growth
According to BEA (2023), Florence's economy has shown steady growth, driven by healthcare and retail sectors.
Wealth Demographics
According to Census (2023), the median income in Florence is $48,000, reflecting local economic conditions.
Advisor Specializations
Based on BLS (2023), financial advisors in Florence are increasingly focusing on retirement planning and investment management.
Local Considerations
Cost of Living
According to BLS (2024), Florence's cost of living is lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), the real estate market in Florence is experiencing moderate growth, but affordability remains a concern.
Business Environment
According to Fortune (2024), Florence's business climate is favorable for small businesses, with supportive local policies.

Top 5 Financial Advisors in Florence

Armstrong Wealth Management Group
★ ★ ★ ★ ★ 5
The Master's Choice Inc
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Janelle Walters, CFP®
★ ★ ★ ★ ★ 5
Janney Montgomery Scott LLC
★ ★ ★ ★ ★ 5
Seastrunk Financial Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Florence, 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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Florence-Specific Expertise
For Florence residents working in Healthcare, Manufacturing, Retail, 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
Florence's reliance on healthcare and retail poses economic risks; housing market volatility and flooding concerns necessitate diversification and prudent investment strategies.

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