Albert Lea, MN Financial Advisors and Resources

Financial Advisor Firms in Albert Lea, MN



(507) 373-8216

200 North Broadway Ave.

Albert Lea, MN 56007

SEC#: 801-72585
Years in Business: 10 years



(507) 377-2919

100 North Broadway

Albert Lea, MN 56007

SEC#: 801-51382
Years in Business: 25 years

How Retirement-Friendly is Albert Lea, MN?

  • Population: 17,773
  • % of Population 62 Years and Over: 27%
  • Average Home Value: $101,500
  • Average Monthly Housing Cost: $687
  • Average Household Income: $58,061
  • Minnesota Total Tax Burden: 9.99% (6th Highest in U.S.)
  • Minnesota Property Tax: 2.86% (23rd Highest in U.S.)
  • Minnesota Individual Income Tax: 3.68% (5th Highest in U.S.)
  • Minnesota Sales and Excise Tax: 3.45% (20th Highest in U.S.)

Albert Lea, MN Financial Advisor FAQs

First, do your research on the person or company you are interviewing. This will help to give you an idea of potential success rates and longevity of the product they are recommending that is good for your situation.
Financial advisors are responsible for researching, analyzing and providing advice on the different types of investment opportunities available. These professionals typically specialize in areas of finance such as asset management or retirement planning. Financial advisors will often provide specific financial education courses to provide guidance on how to plan for expenses like retirement or college tuition.
Primarily, make sure the person provides holistic advice - which does not include financial instruments (such as stocks). Read their biography and specified areas of expertise; some advisors might be more qualified for certain types of individuals than others.
Yes, a financial advisor is a good idea. A financial advisor can be a great help to take care of your long-term goals. Finding the right person should take only 20 minutes at most, but it could save you from years of regret later on.