Best Financial Advisors in Murfreesboro

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
110+
Advisors
4.8/5.0
Average Rating

Murfreesboro Financial Landscape

Murfreesboro's economy is diverse, with significant growth in healthcare, education, and retail sectors. The city benefits from its proximity to Nashville, enhancing its economic opportunities.

Major industries
Healthcare, Education, Retail
Population
117K (metro: 1.9M)
Median household income
$60,000
Unique needs
Murfreesboro requires tailored financial planning due to its rapid growth and diverse economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Murfreesboro's GDP has grown by 4% annually, driven by healthcare and retail expansions.
Wealth Demographics
According to Census (2023), the median household income in Murfreesboro is $60,000, reflecting a growing middle class.
Advisor Specializations
Based on BLS (2023), financial advisors in Murfreesboro are increasingly focusing on retirement planning and real estate investment.
Local Considerations
Cost of Living
According to BLS (2024), Murfreesboro's cost of living is 5% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), home prices in Murfreesboro have increased by 10% over the past year, indicating a competitive market.
Business Environment
According to Fortune (2024), Murfreesboro's business climate is favorable, with low taxes and incentives for new businesses.

Top 5 Financial Advisors in Murfreesboro

RAI Advisors
★ ★ ★ ★ ★ 5
Molitor Wealth Management
★ ★ ★ ★ ★ 5
Red Barn Financial
★ ★ ★ ★ ★ 5
Senior Financial Advisors, Inc.
★ ★ ★ ★ ★ 5
Miller-Garner Financial Group
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Murfreesboro, 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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Murfreesboro-Specific Expertise
For Murfreesboro residents working in Healthcare, Education, 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
Murfreesboro's growth in healthcare and retail poses concentration risks. Real estate prices are rising, indicating potential bubble risks. Be mindful of tornadoes and flooding.

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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