Expertise.com

2024

Last updated:

Best Financial Advisors in Duluth

Our Recommended Top 6

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 Duluth Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

25Reviewed

17Curated

6Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logoFEATUREDExpertise.com

SmartAdvisor by SmartAsset

Duluth, MN
  • 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

Duluth, MN

Why choose this provider?

Need help contacting a Financial Advisor in Duluth? 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
324 W Superior Street Suite 200, Duluth, MN 55802
  • Certified Financial Planner (CFP)

Why choose this provider?

JNBA Financial Advisors is a wealth management firm serving Duluth and surrounding communities. For more than 40 years, it has been guiding individuals and families through the aspects of career-building, balancing abundance through investments, and establishing financial independence. Its team of professionals also assists businesses through executive financial planning services, nonprofits in investing for endowments and foundations, and family offices in governance support and gift-giving. The firm's chairman, Richard Brown, has extensive experience in handling domestic and international industry negotiations.

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
1225 Tower Avenue, Suite 305, Superior, WI 54880
  • Retirement Planning
  • Investment Management

Why choose this provider?

JMR Financial Group is a firm that serves clients in Duluth and the surrounding areas. It offers a variety of individual financial services such as comprehensive financial planning, investment and advisory, income tax planning and preparation, annual investment review, and legacy planning. The company also handles outsourced accounting services, payroll and sales tax compliance, and employee benefit plan administration for businesses. Nathan A. Madill, its president and secretary, is a licensed Uniform Investment Advisor and Certified Financial Planner.

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 (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
4815 West Arrowhead Road Suite 230, Duluth, MN 55811
  • Retirement Planning

Why choose this provider?

Signature Wealth Management is a financial advisory firm with offices in Duluth, Elk River, and St. Louis Park. It offers a broad range of services, including asset, investment, and cash flow management in addition to retirement, estate, tax, and education planning. Its team of financial planners also assists business owners with matters concerning succession, taxes, employee benefits plans, and deferred compensation. Company CEO Thomas Endersbe is a CFP with nearly 30 years of industry 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 (9)

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
––

Website
2230 London Rd, Duluth, MN 55812
  • Certified Financial Planner (CFP)
  • Financial Planning

Why choose this provider?

Liberty Wealth Management of Raymond James designs plans for managing wealth and finances in Duluth. Its clientele includes individuals, families, and retirees from a broad range of industries, like health care and sports. Its advisors consider short- and long-term goals when creating financial plans. They also provide guidance in selecting investment options, such as mutual funds, equities, annuities, and alternative investments. First vice president of investments, Brian Liberty, holds series 7, 31, 63, and 65 licenses.

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 (3)

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.
3.3
Responsiveness
Friendliness
Helpfulness
Detail
––

FAQs

  • 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 is it advisable in Duluth to obtain the services of a financial advisor instead of going alone?

    It is advisable in Duluth to get a financial advisor instead of going it alone because individuals may know what to do to grow their wealth but be unable to execute their plans. There are many competing concerns in life, like raising a family or growing a household, that get in the way of optimizing shares and mutual funds.

  • Why is it important to get a fiduciary professional in Duluth?

    It is important to get a fiduciary in Duluth because this implies a duty of trust from the advisor to the client, where the former promises to place the interests of the latter first. Not all finance professionals are fiduciaries, and some are mouthpieces for banks and insurance companies that prioritize selling their own products even if the returns are not optimal.

  • How often should a client in Duluth meet with a financial advisor?

    A client in Duluth should meet with a financial advisor as frequently as dictated by the needs and preferences of every unique individual. There is no hard and fast rule as to how often to touch base, but options range from yearly to quarterly and with options such as in-person, over the phone, or online.

  • Why is it advisable in Duluth to outsource basic services like house cleaning the more money one makes?

    Once a person in Duluth makes enough money, it could be advantageous to outsource basic chores like cleaning and laundry because taking care of wealth is time-consuming. Figuring out tax-deferred incomes and interfacing with accountants eats into the time one would usually spend on basic household tasks. While paying cleaners or cooks could be costly, at a certain income level, one's time is worth more and is better spent making more cash.

  • What scams should retirees in Duluth be wary of?

    Retirees in Duluth face scam calls from parties pretending to be law enforcement and pretending that their bank accounts are compromised. The attacker will require that money be moved to the scammer's account to "save" it. Computer fraud is also an issue. Fake virus warnings are used by unscrupulous call centers to steal money.

  • 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.