Best Financial Advisors in Odessa

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

Odessa Financial Landscape

With a population of 110,720, Odessa's economy is primarily driven by the energy sector, particularly oil and gas. The city is experiencing growth in healthcare and education, diversifying its economic base.

Major industries
Energy, Healthcare, Education
Population
110K (metro: 300K)
Median household income
$60,000
Unique needs
Odessa requires strategies for economic diversification and addressing housing market volatility.
Market Insights
Economic Growth
According to BEA (2023), Odessa's economy is rebounding with a focus on energy and healthcare sectors, showing a growth rate of 4%.
Wealth Demographics
According to Census (2023), the median income in Odessa is $60,000, reflecting a diverse economic landscape.
Advisor Specializations
Based on BLS (2023), financial advisors in Odessa are increasingly focusing on energy sector investments and real estate.
Local Considerations
Cost of Living
According to BLS (2024), Odessa's cost of living is 10% lower than the national average, making it an attractive location for new residents.
Real Estate Market
According to Zillow (2024), the real estate market in Odessa is competitive, with home prices rising 8% year-over-year, indicating potential bubble risks.
Business Environment
According to Fortune (2024), Odessa's business climate is improving, with incentives for new businesses and a focus on diversifying the local economy.

Top 5 Financial Advisors in Odessa

Edward Jones - Financial Advisor: Julie Massey, AAMS®|CRPC™
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Teresa L Floyd
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Erica R Guerrero, CFP®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Dalton Shotwell
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Blane Heflin, CFP®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Odessa, 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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Odessa-Specific Expertise
For Odessa residents working in Energy, Healthcare, Education, 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
Odessa's heavy reliance on energy poses risks; diversify investments. Real estate may face volatility due to market fluctuations and weather risks like tornadoes.

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