Expertise.com
2024

Last updated:

Best Financial Advisors in Bloomington

Our Recommended Top 9

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Bloomington Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

28

Reviewed

20

Curated

9

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo
FEATUREDExpertise.com

SmartAdvisor by SmartAsset

Bloomington, IN
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Price: Free Consultation

Bloomington, IN

Why choose this provider?

Need help contacting a Financial Advisor in Bloomington? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Price: Free booking service | Call 848.Book.Pro!

Website
400 W 7th Street, Suite 101, Bloomington, IN 47404
  • Retirement Planning
  • Tax Planning

Why choose this provider?

Rightsell & Company is a comprehensive financial services firm serving Bloomington and the surrounding areas. It provides personalized financial strategies to retirees, families, and individuals who want to plan their retirement. The firm assists in managing finances through asset allocation, tax management, estate planning, and education funding. It also offers employee and executive benefits programs. Rightsell & Company is an affiliate of Interdependent Advisors. Howard Rightsell is a Life Underwriter Training Council Fellow and a member of the American Association of Individual Investors.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
121 E 6th St, Suite 2, Bloomington, IN 47408
  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Retirement Planning
  • Tax Planning

Why choose this provider?

Wellington Investment Advisors has been helping clients in the Bloomington metro with financial planning for over 32 years. The firm takes the clients' goals into account, be it investing, planning for retirement, or establishing a fund for their children's education. The advisors also guide clients with structuring their income in line with their current financial standing. Clients are also guided through the process of creating a financial portfolio. Financial advisor Doug Ummel has received his CFP designation.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
4020 25th Street Suite A, Columbus, IN 47203
  • Certified Financial Planner (CFP)
  • Wealth Management

Why choose this provider?

Hanner Financial Services, Inc., serves individual investors, employees, and small business owners in Bloomington who want to prepare for retirement. Its advisory and investment services cover asset allocation, risk assessment, and alternative investments. Its advisors aid in wealth management, offer planning support for estate planning, charitable giving, and business succession. Insurance products and services are also within the scope of services of Hanner Financial Services. Owner Bryan Hanner has CFP, ChFC, and CLU designations.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
3925 Hagan Street Suite 300, Bloomington, IN 47401
  • Certified Financial Planner (CFP)

Why choose this provider?

Hurlow Wealth Management Group, Inc. has been serving clients in Bloomington since 2002. Its team advises individuals and families about their finances so that they can meet long-term goals like a college fund. The firm also assists with planning for retirement with a stable and sustainable income, along with creating an investment portfolio that fits a client's goals and risk tolerance. Managing partner John Hurlow is a Certified Private Wealth Advisor with more than two decades of financial experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
631 N. Walnut Street, Bloomington, IN 47404
  • Wealth Management

Why choose this provider?

Located in Bloomington, Holden Wealth Management has been serving families, retirees, and individuals since 2001. The firm offers various financial planning services, such as insurance needs analysis, retirement account and allocation planning, and financial independence planning and projections. It also assists clients in implementing financial strategies, investment, and insurance to help them meet their financial objectives. President Jon R. Holden has been working in the financial industry for more than 56 years. He also volunteers for Meals on Wheels.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Website
357 East Winslow Road, Bloomington, IN 47401
  • Certified Financial Planner (CFP)
  • Private Wealth Advisor

Why choose this provider?

Innovative Financial Solutions is a wealth advisory firm serving the residents of Bloomington. The company's services include portfolio design and monitoring, estate planning, asset protection, and tax optimization. Its team uses a combined 60 years of experience in the industry to identify the strategies that help their clients save for their children's education, preserve an inheritance, or prepare for retirement. The associates also coordinate with estate attorneys, bankers, and property and casualty agents to assist clients with their unique financial needs.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
4151 E 3rd Street, Bloomington, IN 47401
  • Certified Financial Planner (CFP)

Why choose this provider?

Laughlin Financial is an investment advisor in Bloomington, providing investment and financial planning advice. It takes a view of the client's financial situation in order to bring structure, process, organization, and simplification into a comprehensive financial plan. This covers retirement, taxes, investments, and insurance. Laughlin Financial is independent and founded by John Laughlin, Certified Financial Planner, in 2012. Before this, he was vice president with the Credit Suisse Group where he advised large global institutional money managers.

Frequently Asked Questions

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • Why should a client in Bloomington check the Form ADV of an investment advisory firm?

    This is because, through Form ADV, the Bloomington client can check if the firm is duly registered with state securities authorities and the Securities and Exchange Commission. It will provide more information about the investment advisory firm, such as its key officers, investment methods, and assets under management. Form ADV also indicates the firm's services, its legal cases or history if any, and fees and costs, among others.

  • Why should millennials in Bloomington have an estate plan?

    Millennials in Bloomington can have an estate plan that includes a will, medical directive, and healthcare durable power of attorney. With a will, they can designate a beneficiary for their possessions, such as vehicles and collectibles, in case of untimely death. The medical directive can help millennials express their wishes for end-of-life care in situations such as catastrophic accidents. In the event something happens to them, millennials can designate a person who can make decisions for them through the healthcare durable power of attorney.

  • When a stock price falls, should an investor in Bloomington sell it?

    It depends on the Bloomington investor's strategy. When the stock quality is good and has a history of regular dividends, it is better to hold on to the stock. This is the strategy of long-term investors who ride out periods of low stock price and gain better returns when the stock recovers. There are also traders who sell when the price is against them, especially when it is at 7% or more. Some sell and hold their cash for the duration of the slump.

  • When can an investor in Bloomington invest in hedge funds?

    Before persons can invest in hedge funds, they have to be accredited investors with the minimum level of assets required. They must fully understand the risks involved, how assets are valued, and what fees are included. Persons in Bloomington who are planning to invest in hedge funds must be aware of any limitations in withdrawing shares, such as lock-in periods. Finally, they need to conduct research on hedge fund managers and check out resources from FINRA.

  • Can CollegeChoice 529 be a good investment for persons in Bloomington?

    Persons in Bloomington can enjoy tax-deferred savings plans for education through CollegeChoice 529. The plan provides other benefits, such as low minimum contributions, various investment options, and tax-free withdrawals. State residents can get additional perks, which include state income tax credits of up to $1,000 and zero account maintenance fees per year. The Indiana Education Savings Authority administers CollegeChoice 529 Savings Plan.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.