Best Financial Advisors in Sumter

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
4.6/5.0
Average Rating

Sumter Financial Landscape

With a population of 41,190, Sumter serves as a regional hub for commerce and healthcare. The economy is bolstered by manufacturing, retail, and agriculture.

Major industries
Manufacturing, Retail, Healthcare
Population
41.2K (metro: 411.9K)
Median household income
$45,000
Unique needs
Sumter requires tailored financial strategies to address its unique economic landscape and demographic needs.
Market Insights
Economic Growth
According to BEA (2023), Sumter's economy has shown steady growth, driven by local manufacturing and service sectors.
Wealth Demographics
According to Census (2023), the median income in Sumter is $45,000, reflecting the economic challenges faced by many residents.
Advisor Specializations
Based on BLS (2023), financial advisors in Sumter are increasingly focusing on retirement planning and local investment opportunities.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Sumter is lower than the national average, making it attractive for new residents.
Real Estate Market
According to Zillow (2024), the real estate market in Sumter is experiencing moderate growth, with rising home prices and demand.
Business Environment
According to Fortune (2024), Sumter's business climate is favorable, with incentives for small businesses and local entrepreneurship.

Top 5 Financial Advisors in Sumter

Daniel Wealth Management
★ ★ ★ ★ ★ 5
Axis Wealth Planning, LLC
★ ★ ★ ★ ★ 5
First Command Financial Advisor - Mike Samsel
★ ★ ★ ★ ★ 5
Dillard Financial Solutions
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Catherine K Watkins, CFP®|WMCP®|AAMS®|CRPC™|CKA®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Sumter, 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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Sumter-Specific Expertise
For Sumter residents working in Manufacturing, Retail, Healthcare, 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
Sumter's economy, reliant on manufacturing, faces risks from market fluctuations. Real estate may see volatility; consider diversifying investments and preparing for flooding risks.

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Find Financial Advisors in Nearby Cities

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