Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Economy & Markets > Fixed Income

9 best U.S. cities for advisors to find clients: 2015

X
Your article was successfully shared with the contacts you provided.

Financial advisors looking for the best places to find clients can start out by looking for cities in which there are a large number of wealthy households per advisor.

With the economy gathering steam, Accounting Principals noted recently that jobs in finance and accounting were among the fastest growing sectors with strong demand for college graduates in the field.

This list of the cities with the fewest financial advisors is based on a list from Investopedia. Each city has one or more “wealth zones” — ZIP codes with high adjusted gross incomes. We include the ratio of wealthy people to advisors in each city’s wealth zones, along with AGI and number of households in those zones and a cool fact about each city.

Big cities and tony suburbs make the grade, and the Top 9 cities are distributed across the country, allowing wealth advisors to choose the type of weather and lifestyle that suits them best.

Here, then, are the nine U.S. cities with the fewest financial advisors:

in

9. Carmel, Indiana (Indianapolis suburb)

Ratio: 125 households to 1 wealth advisor

Adjusted Gross Income: $102,509

Wealth Zone Households: 15,000

Cool Fact: Fastest growing city in the state (2010 U.S. Census)

dallas

8. Dallas

Ratio: 157 to 1

Adjusted Gross Income: $139,000

Wealth Zone Households: 83,000

Cool Fact: Dallas is the Largest U.S. city not on a navigable body of water (visitdallas.com)

chicago

7. Chicago

Ratio: 176 to 1

Adjusted Gross Income: $166,000

Wealth Zone Households: 184,000

Cool Fact: Chicago’s convention center, McCormick Place, is the largest in North America (cityofchicago.org)

penn

6. Bryn Mawr, Pennsylvania

Ratio: 202 to 1

Adjusted Gross Income: $150,000

Wealth Zone Households: 10,000

Cool Fact: In top 8% for median family income in U.S. (citytowninfo.com)

miami

5. Miami

Ratio: 233 to 1

Adjusted Gross Income: $162,000

Wealth Zone Households: 23,000

Cool Fact: Miami is the only major U.S. city founded by a woman, Julia Tuttle (huffingtonpost.com)

potomac

4. Potomac, Maryland

Ratio: 260 to 1

Adjusted Gross Income: $144,000

Wealth Zone Households: N/A

Cool Fact: Named wealthiest place in U.S. in 2013 (CNNMoney.com)

seattle

3. Seattle

Ratio: 291 to 1

Adjusted Gross Income: $123,000

Wealth Zone Households: 116,000

Cool Fact: No. 9 in parks (according to parkscore.org)

texas

2. Houston

Ratio: 308 to 1

Adjusted Gross Income: $140,000

Wealth Zone Households: 63,000

Cool Fact: 2014 No. 1 city in U.S. (businessinsder.com)

sf

1. San Francisco Bay Area

Ratio: 363 to 1

Adjusted Gross Income: $136,000

Wealth Zone Households: 153,000

Cool Fact: No.1 most walkable city (walkscore.com

See also:

15 cities that were hurt most by the recession

The 20 richest cities in America


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.