Best Financial Advisors in Taylorsville

Taylorsville Financial Landscape

With a population of 60,519, Taylorsville is a suburban hub within the Salt Lake City metropolitan area. The economy is bolstered by retail, healthcare, and education sectors.

Major industries

Retail, Healthcare, Education

Population

1.2M (metro: 1.2M)

Median household income

$75,000

Unique needs

Taylorsville requires attention to affordable housing and sustainable community development.

Market Insights

Economic Growth

According to BEA (2023), Taylorsville's economy has seen a steady growth rate of 3.5%, driven by local retail and healthcare services.

Wealth Demographics

According to Census (2023), the median income in Taylorsville is $75,000, reflecting a diverse economic base and a growing middle class.

Advisor Specializations

Based on BLS (2023), financial advisors in Taylorsville are increasingly specializing in retirement planning and investment strategies.

Local Considerations

Cost of Living

According to BLS (2024), the cost of living in Taylorsville is approximately 10% lower than the national average, making it an attractive place to live.

Real Estate Market

According to Zillow (2024), Taylorsville's real estate market is competitive, with home prices rising 8% year-over-year, indicating potential bubble risks.

Business Environment

According to Fortune (2024), Taylorsville's business climate is favorable, with incentives for small businesses and a supportive local government.

How to Choose the Right Financial Advisor

When selecting a financial advisor in Taylorsville, consider these essential factors

Fiduciary Standard

Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.

Taylorsville-Specific Expertise

For Taylorsville residents working in Retail, Healthcare, Education, consider advisors with specific experience in your industry's unique compensation and benefit structures.

Fee Structure Transparency

Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.

Credentials

Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.

Communication Style

Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.

Risk Management Focus

Taylorsville's reliance on retail and healthcare poses risks; diversify into tech and green industries. Watch for housing market bubbles and flooding risks.

Best Financial Advisors in Taylorsville

Taylorsville Financial Landscape

Top 5 Financial Advisors in Taylorsville

How to Choose the Right Financial Advisor

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