Expertise.com

2024

Last updated:

Best Financial Advisors in Rochester

Our Recommended Top 14

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

39Reviewed

29Curated

14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Rochester, MN
Free Consultation

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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.

  • Estate Planning
  • Financial Planning
  • Retirement Planning
  • Investment Management

Rochester, MN

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Why choose this provider?

Need help contacting a Financial Advisor in Rochester? 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.

221 1st Ave SW STE 202-29, Rochester, MN 55902

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Why choose this provider?

UAK Diversified & Runestone Wealth Advisors is a firm serving Rochester and surrounding communities. It helps individuals in achieving their financial goals through retirement planning, investment management, and insurance planning. Its team works with professionals from different industries to establish or execute a wealth management strategy, like lawyers, accountants, or insurance brokers. One of the firm's advisors, Sarah Kang, is a Certified Financial Planner and a member of the Financial Planning Association of Minnesota.

959 34th Ave NW, Rochester, MN 55901

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Why choose this provider?

NorthStar Financial Partners is an independent advisory office that offers financial planning for residents of Rochester. It helps first-time clients and incoming retirees in developing financial goals, such as emergency savings and retirement funds. The office then organizes their income and expenses to prioritize payoffs for existing debts, like student loans and mortgages. It also creates plans for estate savings and legacy donations for a client's passing. The office's financial planner, Andy Lucking, has been featured in Mpls/StPaul Magazine seven times in his wealth management career.

  • Finance Planning
  • Investment Management

3428 Lakeridge Place NW, Suite 120, Rochester, MN 55901

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Why choose this provider?

Inspired Retirement Planning is an independent financial firm that has been serving pre-retirees, individuals, and retirees throughout Rochester for more than 60 years. It provides a wide range of services, such as Social Security strategies, retirement income planning, personal budgeting, long-term care considerations, estate planning, and tax reduction ideas. One of its financial advisors, Dana P. Basballe, is a Certified Financial Planner who has been working in the field since 1995. He is a former combat medic sergeant in the Minnesota Army National Guard.

  • Retirement Planning

3428 Lakeridge Place NW, Ste. 120, Rochester, MN 55901

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Why choose this provider?

The Olmsted Financial Group helps clients in Rochester with their financial planning and investment decisions. Its advisors assist in establishing successful retirement and lifetime income plans. They also help clients assess risks in investment strategies and track their plan's progress. Founder Terry D. Nelson is a Certified Financial Planner who has been in the financial industry since 1978. He is also a Chartered Financial Consultant and Certified Advisor for Senior Living and an active member of the Rochester Area Chamber of Commerce.

  • Certified Financial Planner (CFP)
  • Financial Planning

1741 2nd St SW, Rochester, MN 55902

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Review Sources

Google
5.0 (2)

Why choose this provider?

Full Circle Financial is a full-service financial advisory company that serves clients in Rochester and nearby areas. The firm offers a wide range of financial management services for both individuals and businesses. These include wealth and investment management, life-responsive budgeting, debt management, tax planning, and insurance management. Its financial advisors also guide clients in retirement planning, estate planning, long-term care strategy, and charitable donations. Szablis Klee, the firm's founder, has been in the financial services industry for over 19 years.

  • Certified Financial Planner (CFP)

307 Dakota Street, Red Wing, MN 55066

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Why choose this provider?

Discovery Financial is a firm that helps clients in Rochester create solutions for their finance and wealth management. Its professionals work collaboratively in formulating various strategies, such as plans for retirement, income, cash flow, education, and estates. They also devise a portfolio that produces a variety of investment options tailored to the needs and risk tolerance of their clients. Douglas L. Ritter, the firm's president and CEO, has been in the financial industry for four decades. He also holds CFP and PFS designations.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Insurance Products

4057 28th Street NW, Ste 300, Rochester, MN 55901

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Why choose this provider?

Since 1986, Security Financial Management has been helping people across Rochester. It offers financial planning solutions for a wide range of clients, from business owners and corporate executives to young families and retirees. The company designs a custom plan that incorporates goals involving areas like tax and insurance. It uses Riskalyze, a financial technology software, to calculate its client's true risk tolerance. One of the company's founding partners, David Allen, serves as a member of the Financial Services Institute.

  • Certified Financial Planner (CFP)

221 1st Avenue SW Suite 202, Rochester, MN 55902

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Review Sources

Google
5.0 (7)

Why choose this provider?

Fyooz Financial Planning serves the couples of Rochester, providing them with a platform for conversations that design a financial plan for their future. Married couple and founding partners, Natalie and Dan, help their clients determine what to do with surplus savings and cash flow, create future allocations for individual and combined investments, review insurance policies for adequate coverage, and implement tax strategies. The firm was established in 2019 and its work has been featured in Huffpost and The New York Times.

3428 Lakeridge Place NW, Ste. 115, Rochester, MN 55901

Why choose this provider?

Based in Rochester, Superior Financial is an independent firm that assists clients with their investment matters and other financial planning needs. Since 2008, it has been guiding clients through each aspect of the financial planning process, from wealth management to financial review. It also assists clients in identifying their financial goals and providing sound advice that can help them manage their finances. Superior Financial was established by Peter Melsness, a Certified Financial Planner affiliated with the National Association of Personal Financial Advisors.

  • Estate Planning

2770 Commerce Drive Northwest, Rochester, MN 55901

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Advanced Financial is an advisory and consulting firm in Rochester. It offers asset planning, investment management and acquisition, retirement planning, and insurance products and services. It aims to provide an optimized experience to clients through platforms like Albridge, NetX Investor, Financial Profiles, MoneyGuide Pro, and OneView. Jeffrey Bigler, a managing partner, has been a Million Dollar Round Table member since 1995, an international affiliation achieved by less than 1% of the financial advisors community.

  • Finance Planning
  • Financial Planning

3265 19th Street NW Suite 700, Rochester, MN 55901

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

Pulse Financial Planning offers retirement and debt payoff strategies for clients around Rochester. It examines customers' financial records and tax expenses to determine how much money they can save. Afterward, the company helps them establish an emergency fund or allocate savings to pay off student loans and other outstanding debts. It also helps seniors invest in stocks to secure income for stable retirement or family support. The company is operated by Matt Elliott, who previously worked at a brokerage where he managed over $500 million in assets.

  • Certified Financial Planner (CFP)

2007 5th Ave Sw, Rochester, MN Rochester

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Why choose this provider?

Bob Helland is a financial advisor serving Rochester and the surrounding areas. He offers financial guidance to help individuals and families navigate various transitions in life. He helps clients with health and life insurance plans, mutual funds, retirement savings accounts, annuities, and investments. He also offers disability income insurance plans, charitable giving solutions, and assistance with traditional and Roth IRAs. Bob works for Thrivent, a financial services organization that has been operating since 1902.

  • Financial Planning

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 should I hire a financial advisor in Rochester?

    A Rochester financial adviser can assist you in focusing on your financial goals and gaining an overall understanding of how your finances fit into the bigger picture. They have the necessary expertise and education to do so. A financial advisor may also help you create a strategy and assist you in achieving your financial goals through investment advice and tax preparation.

  • Do investment advisors and financial advisors in Rochester refer to the same thing?

    In Minnesota, specifically in Rochester and other metropolitan areas, the term financial advisor encompasses a variety of types of financial professionals. On the other hand, an investment advisor is a regulated term specifically referring to professionals or companies that are registered with the Securities and Exchange Commission or state regulator.

  • What is included in a personalized wealth plan in Rochester?

    When it comes to creating your personalized wealth plan in the Rochester area, there are numerous aspects that can be taken into consideration. These can include education savings strategies, cash flow analysis, personal insurance, tax planning, and trust services. Other items included are Social Security optimization, estate planning, and retirement goal setting.

  • Under what circumstances does investing your money in Rochester make sense when you have outstanding debts?

    Investing in Rochester while holding debt might be a risky and ambitious move. After taking into account your emergency fund and short-term goals, it can make more sense if you have low-interest debt, are comfortable with investment risks, and have additional income. It is advisable to establish a diversified investment plan as part of your overall financial strategy to prevent making poor investing decisions during times of market turbulence.

  • What is a debt avalanche technique, and how might it benefit Rochester residents with multiple loans?

    If you have several loans in Rochester, the debt avalanche strategy can help you. This method helps in reducing the total amount of interest you would pay over the course of your loans by concentrating on paying off the high-interest loans first, and then moving on to the loan with the next highest interest rate.

  • 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.