Duluth, MN Financial Advisors and Resources



Financial Advisor Firms in Duluth, MN


FIRST ASSOCIATED INVESTMENT ADVISORS, INC.

Website

(218) 722-8248

5161 Miller Trunk Highway

Duluth, MN 55811

SEC#: 801-60972
Years in Business: 19 years

ADVISORNET FINANCIAL, INC.

Website

(218) 464-4399

324 W Superior St
Suite 1405
Duluth, MN 55802

SEC#: 801-77035
Years in Business: 9 years

WELLS CAPITAL MANAGEMENT INCORPORATED

Website

(415) 396-8000

222 W Superior St

Duluth, MN 55802

SEC#: 801-21122
Years in Business: 37 years

TLG ADVISORS, INC.

Website

(612) 991-8906

3108 Little Alden Lake Rd

Duluth, MN 55803

SEC#: 801-60458
Years in Business: 20 years

MIDWEST PROFESSIONAL PLANNERS, LTD.

Website

(218) 628-3135

309 W. Superior Street

Duluth, MN 55802

SEC#: 801-72649
Years in Business: 10 years

MIDWEST PROFESSIONAL PLANNERS, LTD.

Website

(218) 628-3135

309 W. Superior Street

Duluth, MN 55802

SEC#: 801-72649
Years in Business: 10 years

WIPFLI FINANCIAL ADVISORS, LLC

Website

(218) 722-4705

1502 London Road
#200
Duluth, MN 55812

SEC#: 801-56865
Years in Business: 22 years

JNBA FINANCIAL ADVISORS INC

Website

(218) 249-0044

324 West Superior Street
Suite 200
Duluth, MN 55802

SEC#: 801-21522
Years in Business: 37 years

SPLIT ROCK PRIVATE TRADING AND WEALTH MANAGEMENT LLC

Website

(218) 722-0605

120 E Superior St., Floor 3

Duluth, MN 55802

SEC#: 801-119587
Years in Business: 1 years


How Retirement-Friendly is Duluth, MN?

  • Population: 85,915
  • % of Population 62 Years and Over: 19%
  • Average Home Value: $163,400
  • Average Monthly Housing Cost: $907
  • Average Household Income: $72,424
  • 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.)


Duluth, MN Financial Advisor FAQs

Financial Advisors typically get paid through a combination of commissions and fees. Commissions are earned when an advisor sells financial products such as stocks, bonds, annuities, etc. Fees are earned by the firm for providing advice on investments or insurance coverage. There can be other arrangements but these two primary types make up the majority of compensation in the industry.
There are many different opinions on this topic, but one common point is that if you have the education and time to research investments, then it may be unnecessary. However, human nature tells us that crunching numbers for hours would not be very fulfilling so picking up a professional who knows their craft seems like a good idea.
When looking for a financial advisor, first figure out what you are saving for. Are you saving to buy your first home, your child's education, or for retirement? Each has its own set of financial requirements and the timeline it needs an advisor to meet.
The cost of a financial advisor typically depends on the number of hours they put in per month, their experience level, and types of projects they work on. Average hourly rates for financial planners range from $250 to $350 per hour.