Best Financial Advisors in Suffolk

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
80+
Advisors
4.7/5.0
Average Rating

Suffolk Financial Landscape

Suffolk's economy is characterized by a mix of agriculture, manufacturing, and retail. The city benefits from its strategic location within the Hampton Roads metropolitan area.

Major industries
Manufacturing, Agriculture, Retail
Population
85.7K (metro: 1.8M)
Median household income
$70,000
Unique needs
Suffolk requires investment in infrastructure and workforce development to support its growing industries.
Market Insights
Economic Growth
According to BEA (2023), Suffolk's GDP growth has been steady, driven by manufacturing and retail expansion.
Wealth Demographics
According to Census (2023), the median income in Suffolk is approximately $70,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Suffolk are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Suffolk is lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), Suffolk's real estate market shows moderate growth, but potential bubble risks exist due to rapid price increases.
Business Environment
According to Fortune (2024), Suffolk's business climate is favorable, with incentives for new businesses and a supportive local government.

Top 5 Financial Advisors in Suffolk

Edward Jones - Financial Advisor: Justin W Sorensen
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor
★ ★ ★ ★ ★ 5
Carr Investment Group
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Stephan Woodard
★ ★ ★ ★ ★ 5
Tull Financial Group Inc
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Suffolk, 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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Suffolk-Specific Expertise
For Suffolk residents working in Manufacturing, Agriculture, Retail, 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
Suffolk's reliance on manufacturing poses economic risks; housing market volatility and flooding from hurricanes are concerns. Diversify investments to mitigate these risks.

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