Best Financial Advisors in Franklin

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

Franklin Financial Landscape

With a population of 68,886, Franklin boasts a diverse economy driven by healthcare, retail, and technology sectors. The city is part of the Nashville metropolitan area, contributing to its growth.

Major industries
Healthcare, Retail, Technology
Population
1.3M (metro: 7.8M)
Median household income
$85,000
Unique needs
Franklin requires tailored financial advice focusing on real estate, healthcare, and tech industries.
Market Insights
Economic Growth
According to BEA (2023), Franklin's economy has seen a steady growth rate of 3.5% annually, driven by healthcare and retail expansions.
Wealth Demographics
According to Census (2023), the median income in Franklin is approximately $85,000, reflecting a growing affluent population.
Advisor Specializations
Based on BLS (2023), financial advisors in Franklin increasingly specialize in real estate and retirement planning due to demographic trends.
Local Considerations
Cost of Living
According to BLS (2024), Franklin's cost of living is 10% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the median home price in Franklin has risen to $450,000, indicating a competitive real estate market.
Business Environment
According to Fortune (2024), Franklin's business climate is favorable, with low unemployment and a supportive local government for startups.

Top 5 Financial Advisors in Franklin

Abound Wealth Management
★ ★ ★ ★ ★ 5
Mercer Advisors - Franklin
★ ★ ★ ★ ★ 5
Dobyns McMillin Wealth Team
★ ★ ★ ★ ★ 5
William Bevins Financial Advisor & Planner
★ ★ ★ ★ ★ 5
Retirement Renegade
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Franklin, 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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Franklin-Specific Expertise
For Franklin residents working in Healthcare, Retail, 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
Franklin's tech and healthcare sectors face concentration risks; real estate prices may bubble. Prepare for flooding and tornado risks; diversify investments.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Tennessee locations

Memphis Nashville-Davidson Knoxville Chattanooga Clarksville Murfreesboro Franklin Jackson