Best Financial Advisors in Chesapeake

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
230+
Advisors
4.7/5.0
Average Rating

Chesapeake Financial Landscape

Chesapeake's economy is bolstered by sectors such as defense, agriculture, and manufacturing. The city benefits from its strategic location near major transportation routes.

Major industries
Defense, Agriculture, Manufacturing
Population
230.6K (metro: 1.8M)
Median household income
$76,000
Unique needs
Chesapeake requires tailored financial advice due to its unique economic landscape and demographic diversity.
Market Insights
Economic Growth
According to BEA (2023), Chesapeake's GDP growth is steady, driven by defense contracts and local manufacturing.
Wealth Demographics
According to Census (2023), the median household income in Chesapeake is $76,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Chesapeake are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Chesapeake is competitive, with housing being the largest expense.
Real Estate Market
According to Zillow (2024), Chesapeake's real estate market shows moderate appreciation, but flooding risks may affect future values.
Business Environment
According to Fortune (2024), Chesapeake's business climate is favorable, with incentives for startups and established firms alike.

Top 5 Financial Advisors in Chesapeake

Tull Financial Group Inc
★ ★ ★ ★ ★ 5
Woods Financial
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Sean D Jones, CFP®|ChFC®
★ ★ ★ ★ ★ 5
The Money Advantage, LLC
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Paul C Tiller, CFP®
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Chesapeake, 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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Chesapeake-Specific Expertise
For Chesapeake residents working in Defense, Agriculture, 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
Chesapeake's defense sector concentration poses risks; diversify investments. Real estate may face volatility due to flooding risks. Economic diversification is essential.

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Find Financial Advisors in Nearby Cities

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