Best Financial Advisors in Norfolk

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
240+
Advisors
4.9/5.0
Average Rating

Norfolk Financial Landscape

With a population of 246,139, Norfolk's economy is driven by defense, shipping, and healthcare. The city's port is one of the busiest in the U.S., enhancing trade opportunities.

Major industries
Defense, Shipping, Healthcare
Population
246K (metro: 1.5M)
Median household income
$60,000
Unique needs
Norfolk requires tailored financial strategies to address its unique economic landscape and demographic trends.
Market Insights
Economic Growth
According to BEA (2023), Norfolk's GDP growth is driven by defense spending and port activities, showing resilience amid national economic fluctuations.
Wealth Demographics
According to Census (2023), the median household income in Norfolk is approximately $60,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Norfolk are increasingly focusing on retirement planning and investment strategies tailored to military families.
Local Considerations
Cost of Living
According to BLS (2024), Norfolk's cost of living is competitive, with housing costs being the most significant factor affecting residents' budgets.
Real Estate Market
According to Zillow (2024), Norfolk's real estate market shows steady appreciation, but risks of flooding and hurricanes may impact future values.
Business Environment
According to Fortune (2024), Norfolk's business climate is bolstered by its strategic location and military presence, attracting diverse industries.

Top 5 Financial Advisors in Norfolk

First Genesis Of Virginia
★ ★ ★ ★ ★ 5
Jarver Financial
★ ★ ★ ★ ★ 5
First Command Financial Advisor - Carl Hess
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Patrycja Plucinski, CFP®|AAMS®
★ ★ ★ ★ ★ 5
Dukes Financial LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Norfolk, 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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Norfolk-Specific Expertise
For Norfolk residents working in Defense, Shipping, Healthcare, 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
Norfolk's heavy reliance on defense may pose risks; diversify investments. Real estate is vulnerable to flooding and hurricanes, creating market volatility.

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Find Financial Advisors in Nearby Cities

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