Best Financial Advisors in Midland

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
120+
Advisors
4.4/5.0
Average Rating

Midland Financial Landscape

With a population of 123,933, Midland's economy is primarily driven by the energy sector, particularly oil and gas. The city is experiencing growth in technology and healthcare, diversifying its economic base.

Major industries
Energy, Healthcare, Technology
Population
123K (metro: 1.3M)
Median household income
$80,000
Unique needs
Midland requires strategies to diversify its economy beyond energy, addressing housing market volatility and natural disaster preparedness.
Market Insights
Economic Growth
According to BEA (2023), Midland's economy has shown resilience with a 4% growth rate, largely due to oil price recovery.
Wealth Demographics
According to Census (2023), the median income in Midland is approximately $80,000, reflecting its strong job market.
Advisor Specializations
Based on BLS (2023), financial advisors in Midland are increasingly focusing on energy sector investments and real estate.
Local Considerations
Cost of Living
According to BLS (2024), Midland's cost of living is slightly above the national average, driven by housing and energy costs.
Real Estate Market
According to Zillow (2024), Midland's real estate market is competitive, with home prices rising due to demand from the energy sector.
Business Environment
According to Fortune (2024), Midland offers a favorable business climate, attracting new companies, especially in tech and healthcare.

Top 5 Financial Advisors in Midland

Beyond Balanced Financial Planning
★ ★ ★ ★ ★ 5
Permian Wealth Management
★ ★ ★ ★ ★ 5
Carter Financial
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Cheryl E Werner, AAMS®
★ ★ ★ ★ ★ 5
Merrill Lynch Financial Advisor Timothy Bryson
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Midland, 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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Midland-Specific Expertise
For Midland residents working in Energy, 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
Midland's heavy reliance on oil creates economic vulnerability; housing market volatility poses risks. Prepare for tornadoes and flooding while diversifying investments.

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