Best Financial Advisors in Port Arthur

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
60+
Advisors
4.7/5.0
Average Rating

Port Arthur Financial Landscape

Port Arthur's economy is primarily driven by the energy sector, particularly oil refining and petrochemicals. The city also benefits from its strategic location near the Gulf of Mexico, enhancing trade and logistics.

Major industries
Energy, Manufacturing, Shipping
Population
54.1K (metro: 541.3K)
Median household income
$45,000
Unique needs
Port Arthur requires investment in disaster preparedness and economic diversification to mitigate risks associated with its energy sector reliance.
Market Insights
Economic Growth
According to BEA (2023), Port Arthur's economy has shown resilience, with a growth rate of 3.2% driven by energy sector investments.
Wealth Demographics
According to Census (2023), the median income in Port Arthur is approximately $45,000, reflecting the city's economic challenges.
Advisor Specializations
Based on BLS (2023), financial advisors in Port Arthur are increasingly focusing on retirement planning and risk management due to economic volatility.
Local Considerations
Cost of Living
According to BLS (2024), Port Arthur's cost of living is lower than the national average, making it an attractive option for new residents.
Real Estate Market
According to Zillow (2024), the real estate market in Port Arthur is recovering, with home prices increasing by 5% over the past year.
Business Environment
According to Fortune (2024), Port Arthur's business climate is improving, with incentives for new businesses in the tech and logistics sectors.

Top 5 Financial Advisors in Port Arthur

Edward Jones - Financial Advisor: Trenton J Scott, CRPC™
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Carl A Wolford
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Jadon K Ellender
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Debbie Spittler, AAMS®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Olin G Clotiaux
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Port Arthur, 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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Port Arthur-Specific Expertise
For Port Arthur residents working in Energy, Manufacturing, Shipping, 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
Port Arthur's heavy energy sector reliance poses risks; diversify into tech and logistics. Real estate may face volatility from natural disasters like hurricanes.

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