Best Financial Advisors in Milwaukee

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
590+
Advisors
4.6/5.0
Average Rating

Milwaukee Financial Landscape

Milwaukee's economy is anchored by manufacturing, healthcare, and finance. The city is experiencing steady growth, attracting new businesses and residents.

Major industries
Manufacturing, Healthcare, Finance
Population
599K (metro: 1.5M)
Median household income
$60,000
Unique needs
Milwaukee requires focus on economic diversification and housing stability to support its growing population.
Market Insights
Economic Growth
According to BEA (2023), Milwaukee's GDP growth rate is projected at 2.5%, driven by healthcare and manufacturing sectors.
Wealth Demographics
According to Census (2023), the median household income in Milwaukee is approximately $60,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Milwaukee are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Milwaukee's cost of living is 10% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), Milwaukee's real estate market shows a 5% annual increase, with concerns about affordability for first-time buyers.
Business Environment
According to Fortune (2024), Milwaukee ranks high for small business growth, supported by local initiatives and access to funding.

Top 5 Financial Advisors in Milwaukee

Cove Financial Planning, LLC
★ ★ ★ ★ ★ 5
WFA Asset Management Corporation
★ ★ ★ ★ ★ 5
Merrill Lynch Wealth Management
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Colin J Dewey, ABFP®|CRPC™
★ ★ ★ ★ ★ 5
Beacon Pointe Advisors
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Milwaukee, 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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Milwaukee-Specific Expertise
For Milwaukee residents working in Manufacturing, Healthcare, Finance, 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
Milwaukee's manufacturing focus poses risks; diversify into tech and services. Housing market shows signs of volatility; prepare for potential flooding and economic shifts.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Wisconsin locations

Milwaukee Madison Green Bay Kenosha Racine Appleton Waukesha Eau Claire