Best Financial Advisors in McAllen

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
130+
Advisors
4.8/5.0
Average Rating

McAllen Financial Landscape

As a key trade hub near the Mexico border, McAllen's economy thrives on retail, healthcare, and manufacturing. The city is experiencing steady growth in population and employment.

Major industries
Retail, Healthcare, Manufacturing
Population
136K (metro: 1.3M)
Median household income
$50,000
Unique needs
McAllen requires tailored financial strategies due to its unique economic landscape and demographic trends.
Market Insights
Economic Growth
According to BEA (2023), McAllen's economy grew by 3.2% last year, driven by retail and healthcare sectors.
Wealth Demographics
According to Census (2023), the median household income in McAllen is approximately $50,000, reflecting local economic conditions.
Advisor Specializations
Based on BLS (2023), financial advisors in McAllen are increasingly specializing in retirement planning and tax strategies.
Local Considerations
Cost of Living
According to BLS (2024), McAllen's cost of living is 10% lower than the national average, making it an affordable place to live.
Real Estate Market
According to Zillow (2024), home prices in McAllen have increased by 5% over the past year, indicating a competitive real estate market.
Business Environment
According to Fortune (2024), McAllen's business climate is favorable, with incentives for startups and established businesses alike.

Top 5 Financial Advisors in McAllen

David D Barnes - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Elda Castillo, CFP®|ChFC®
★ ★ ★ ★ ★ 5
Endurance Financial Planning, LLC
★ ★ ★ ★ ★ 5
MG Wealth Strategies, Mario Gutierrez Financial Advisor
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: David H Salinas Jr
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in McAllen, 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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McAllen-Specific Expertise
For McAllen residents working in Retail, Healthcare, Manufacturing, 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
McAllen's retail focus poses risks from e-commerce shifts. Housing market volatility and flooding risk necessitate diversified investments and disaster preparedness.

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