Best Financial Advisors in Texarkana

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
50+
Advisors
4.9/5.0
Average Rating

Texarkana Financial Landscape

Home to a population of 37,442, Texarkana serves as a regional hub for commerce and transportation. Its economy is bolstered by retail, healthcare, and manufacturing sectors.

Major industries
Retail, Healthcare, Manufacturing
Population
37.4K (metro: 374.4K)
Median household income
$45,000
Unique needs
Texarkana requires tailored financial advice focusing on local industries and economic conditions.
Market Insights
Economic Growth
According to BEA (2023), Texarkana's economy is growing steadily, driven by retail and healthcare expansion.
Wealth Demographics
According to Census (2023), the median income in Texarkana is $45,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Texarkana are increasingly focusing on retirement planning and local business consulting.
Local Considerations
Cost of Living
According to BLS (2024), Texarkana's cost of living remains below the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), the real estate market in Texarkana shows signs of growth, but affordability remains a concern for many residents.
Business Environment
According to Fortune (2024), Texarkana's business climate is favorable, with incentives for small businesses and startups.

Top 5 Financial Advisors in Texarkana

Carroll Advisory Group
★ ★ ★ ★ ★ 5
Stroud Financial LLC
★ ★ ★ ★ ★ 5
Cobb Financial Services
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Steven R Seals, CFP®
★ ★ ★ ★ ★ 5
Flanagan Andrus - Raymond James
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Texarkana, 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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Texarkana-Specific Expertise
For Texarkana 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
Texarkana's reliance on retail and healthcare poses risks; diversify investments. Real estate may face volatility; monitor housing trends. Prepare for tornadoes and flooding.

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