Best Financial Advisors in Lubbock

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
230+
Advisors
4.7/5.0
Average Rating

Lubbock Financial Landscape

Lubbock's economy is diverse, driven by agriculture, education, and healthcare. The city is experiencing growth in technology and manufacturing sectors.

Major industries
Agriculture, Education, Healthcare, Technology
Population
239K (metro: 239K)
Median household income
$52,000
Unique needs
Lubbock requires investment in tech infrastructure and workforce development to support its growing industries.
Market Insights
Economic Growth
According to BEA (2023), Lubbock's economy grew by 3.5% last year, driven by a surge in tech startups and agricultural exports.
Wealth Demographics
According to Census (2023), the median income in Lubbock is $52,000, reflecting a steady increase in local wages.
Advisor Specializations
Based on BLS (2023), financial advisors in Lubbock are increasingly focusing on retirement planning and investment strategies for young professionals.
Local Considerations
Cost of Living
According to BLS (2024), Lubbock's cost of living is 10% lower than the national average, making it an attractive place for new residents.
Real Estate Market
According to Zillow (2024), Lubbock's housing market is stable, with a median home price of $250,000, showing moderate appreciation.
Business Environment
According to Fortune (2024), Lubbock's business climate is favorable, with incentives for startups and a supportive local government.

Top 5 Financial Advisors in Lubbock

Advisors Group
★ ★ ★ ★ ★ 5
Winston Wealth Advisors
★ ★ ★ ★ ★ 5
Luke Ford Financial- Financial Group of the Southwest
★ ★ ★ ★ ★ 5
Amicus Financial Advisors, LLC
★ ★ ★ ★ ★ 5
Pennington Bass & Associates
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Lubbock, 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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Lubbock-Specific Expertise
For Lubbock residents working in Agriculture, Education, Healthcare, 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
Lubbock's agriculture focus poses risks from climate change and drought. Real estate is stable but watch for overbuilding. Diversify into tech and healthcare.

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