What are some popular wealth management services?

A wealth manager in Woodbury, MN can provide a wide range of wealth management services to clients. These services may include investment management, retirement planning, tax planning, estate planning, and more. One specific advantage of working with a wealth manager in Woodbury, MN is their knowledge of the local market. Woodbury is a rapidly growing city with a diverse economy, including healthcare, retail, and manufacturing sectors. A skilled wealth manager in Woodbury can help clients navigate the unique financial landscape of the city and make informed investment decisions. They can also provide personalized advice and strategies tailored to each client's individual financial goals and circumstances. With their burstiness and complexity, a wealth manager in Woodbury, MN can help clients achieve long-term financial success and security.

What are people saying about wealth management services in Woodbury, MN?

Woodbury, MN is undoubtedly the best place to get a wealth manager. The city's affluent population demands top-notch financial services, and the abundance of wealth management firms in the area reflects that. However, what truly sets Woodbury apart is its commitment to community. The city boasts a plethora of local businesses and organizations that prioritize giving back to the community. This ethos extends to the wealth management industry, as many firms in Woodbury prioritize socially responsible investing and philanthropy. This unique blend of financial expertise and community-mindedness makes Woodbury the ideal place to find a wealth manager who not only understands your financial goals but also shares your values.

What does a wealth manager do?

A wealth manager in Woodbury, MN is responsible for helping clients manage their finances and investments. They work closely with individuals and families to create personalized financial plans that align with their goals and objectives. With Woodbury being a rapidly growing city in Minnesota, the wealth manager must stay up-to-date on the latest market trends and investment opportunities. They must also be knowledgeable about the unique tax laws and regulations in Minnesota, such as the state's estate tax and income tax rates. The wealth manager must navigate the complexity of financial planning and investment management with ease, providing clients with clear and concise advice that will help them achieve their financial goals.

When should you get a wealth manager?

For the residents of Woodbury, MN, it can be challenging to navigate the complex world of finances. With a population of over 70,000 people, there are a variety of financial situations that individuals may find themselves in. Whether you are a young professional just starting out or a retiree looking to preserve your wealth, a wealth manager can provide invaluable guidance and support. Specifically, if you are a Woodbury resident who owns a small business, it may be time to reach out to a wealth manager. With the city's growing economy and entrepreneurial spirit, small business owners need to be strategic in managing their finances and planning for the future. A wealth manager can provide tailored solutions to help you achieve your business and personal financial goals, while also navigating the unique challenges that come with owning a small business in Woodbury, MN.

How do I choose the right wealth manager?

A wealth manager in Woodbury, MN must possess several important qualities to succeed in their role. Firstly, they must have a deep understanding of the local financial landscape, including the unique challenges and opportunities present in the Woodbury area. With its strong economy and growing population, Woodbury offers a wealth manager a dynamic and complex environment to navigate. Additionally, a successful wealth manager in this area must possess excellent communication and interpersonal skills, as they will need to build strong relationships with clients and other financial professionals in the community. They must also have a keen eye for detail and a strong analytical mind, as they will be responsible for managing complex financial portfolios and making strategic investment decisions on behalf of their clients. Overall, a wealth manager in Woodbury, MN must be a highly skilled and adaptable professional who is able to thrive in a fast-paced, constantly evolving financial landscape.

What are the best wealth management firms in Woodbury, MN?

Woodbury, MN is home to a number of top-notch wealth management firms that cater to the needs of high net worth individuals and families. These firms are known for their expertise in providing customized financial solutions that align with the unique goals and objectives of their clients. What sets Woodbury apart from other cities in Minnesota is its thriving business community, which is fueled by a diverse range of industries such as healthcare, retail, and technology. As a result, the wealth management firms in Woodbury are well-equipped to handle the complex financial needs of their clients, whether they are entrepreneurs, executives, or retirees. With a deep understanding of the local business landscape and a commitment to delivering exceptional service, these firms have earned a reputation as trusted advisors to some of the most successful individuals in the region.

How do wealth managers get paid?

Wealth managers in Woodbury, MN typically receive compensation in a variety of ways. One common method is through a fee-based structure, where clients pay a percentage of their assets under management. This allows the wealth manager to have a vested interest in growing the client's portfolio. Another compensation method is through commission-based sales, where the wealth manager earns a commission on financial products they sell to clients. However, in Woodbury, MN, the wealth management industry is unique in that many wealth managers also offer holistic financial planning services. This means they not only manage investments but also provide comprehensive financial advice on topics such as retirement planning, tax strategies, and estate planning. As a result, wealth managers in Woodbury, MN may also receive compensation through hourly or project-based fees for these additional services. The complexity of the financial industry in Woodbury, MN requires wealth managers to have a diverse compensation structure to best serve their clients' needs.

Find the Best Wealth Management Services in Woodbury, MN

Connect With a Wealth Manager

List of Firms

Woodbury, MN Wealth Management Firms

Principal Preservation Services

5 out of 5

700 Commerce Dr Suite 290, Woodbury, MN 55125, USA

(651) 414-0016

http://www.principalpreservationservices.com/

Directions

Prestige Wealth Management

5 out of 5

652 Bielenberg Dr #201, Woodbury, MN 55125, USA

(651) 209-9333

Directions

Edward Jones - Financial Advisor: Eric Rislove, CFP®|CEPA®

SEC File# 801-3297

CRD# 250

5 out of 5

8360 City Centre Dr Ste 105, Woodbury, MN 55125, USA

(651) 578-6932

https://www.edwardjones.com/us-en/financial-advisor/eric-rislove

Directions

Daly & Associates, Inc.

245, 563 Bielenberg Dr, Woodbury, MN 55125, USA

(651) 242-5433

https://lynndaly.net/?utm_source=google&utm_medium=organic&utm_campaign=gmb-listing

Directions

Paul Parnell - Ballast Advisors

683 Bielenberg Dr Suite 208, Woodbury, MN 55125, USA

(651) 478-4644

https://www.ballastadvisors.com/

Directions

Exeter Wealth Management

SEC File# 801-72270

CRD# 123913

5 out of 5

710 Commerce Dr Suite #150, Woodbury, MN 55125, USA

(651) 219-4491

http://www.exeterwealth.com/

Monday: 8:00 AM – 4:30 PM Tuesday: 8:00 AM – 4:30 PM Wednesday: 8:00 AM – 4:30 PM Thursday: 8:00 AM – 4:30 PM Friday: 8:00 AM – 4:30 PM Saturday: Closed Sunday: Closed

Directions

FIS

5 out of 5

7805 Hudson Rd, Woodbury, MN 55125, USA

(651) 361-2000

Directions

Wells Fargo Advisors

1625 Radio Dr Suite 110, Woodbury, MN 55125, USA

(651) 714-8499

https://home.wellsfargoadvisors.com/001_4T?excid=FA1500050253?utm_campaign=Local_Listings&utm_source=Google&group=PCG&loc=WFA00801669

Directions

Where Wealth Management Advisors in Woodbury, MN Serve

Woodbury, MN is a bustling city in the eastern suburbs of the Twin Cities metro area. This city is home to a variety of landmarks, such as the Tamarack Nature Preserve, the HealthEast Sports Center, and the Woodbury Lakes shopping center. As for top employers, Woodbury is home to companies like Target, 3M, and Globe University. The city is also conveniently located near major highways like I-94 and I-494, as well as major streets like Woodbury Drive and Valley Creek Road. When it comes to neighborhoods, Woodbury has a diverse range of options, from the upscale Stonemill Farms to the family-friendly Wedgewood Park. With its mix of natural beauty, modern amenities, and thriving business community, Woodbury is a city that truly has something for everyone.

Nearby Locations

Albert Lea, MN Anoka County, MN Apple Valley, MN Arden Hills, MN Bloomington, MN Buffalo, MN Cambridge, MN Carver County, MN

Services Provided by Wealth Management Companies

Banks and Credit Unions

Residents of Woodbury, MN can benefit from a bank in various ways. For instance, a bank can help them with their financial needs by providing them with loans for purchasing a home or a car. Additionally, a bank can offer savings accounts and investment opportunities that can help residents grow their wealth. Furthermore, banks can provide financial education and resources to residents, which can help them make informed decisions about their finances. In Woodbury, MN, specifically, a bank can assist residents in managing their finances during the harsh winter months. With unpredictable weather conditions and high heating bills, a bank can offer budgeting tools and advice to help residents stay on top of their finances and avoid financial hardships. Overall, a bank can be a valuable resource for residents of Woodbury, MN, helping them achieve their financial goals and navigate financial challenges.

Insurance Broker

Residents of Woodbury, MN can benefit from the services of an insurance broker in several ways. These professionals can help individuals and families find the right insurance coverage to protect their homes, cars, and personal belongings. Additionally, insurance brokers can assist business owners in obtaining liability coverage and workers' compensation insurance. In Woodbury, MN, where the population is growing rapidly, insurance brokers can also help new homeowners navigate the complexities of purchasing home insurance. With the city's proximity to the Twin Cities metropolitan area and its thriving business community, insurance brokers can provide valuable guidance to those seeking to protect their assets and investments. Overall, the expertise and personalized service of an insurance broker can be invaluable to residents of Woodbury, MN in securing the right insurance coverage for their unique needs.

Retirement Planning

Residents of Woodbury, MN can benefit from the expertise of a retirement planner in several ways. One specific example is the planner's ability to help navigate the complex tax laws in the state. With Minnesota being one of the few states that levies an estate tax, it is essential to have a retirement planner who can advise on the best strategies to minimize tax liability. Furthermore, a retirement planner can assist with developing a comprehensive retirement plan that factors in the unique cost of living in Woodbury, MN. With a higher than average cost of living in the state, it is crucial to have a retirement plan that considers the high cost of healthcare, housing, and other essential expenses. A retirement planner can also provide guidance on investment strategies that align with the individual's goals and risk tolerance. Overall, a retirement planner can help residents of Woodbury, MN achieve financial security and peace of mind in their golden years.

Financial Advisor

Residents of Woodbury, MN can benefit greatly from the expertise of a financial advisor. With a population of over 70,000, many individuals in Woodbury are likely to have complex financial needs that require professional guidance. A financial advisor can help residents with a variety of financial concerns, such as creating a budget, planning for retirement, and investing for the future. In particular, Woodbury is known for its thriving business community, which includes major corporations like Target and 3M. A financial advisor can help business owners in Woodbury navigate the complexities of taxes, accounting, and financial planning, allowing them to focus on growing their business. Additionally, with the average home price in Woodbury exceeding $400,000, a financial advisor can assist residents with mortgage planning and other real estate-related financial decisions. Overall, a financial advisor can provide valuable guidance to residents of Woodbury, helping them to achieve their financial goals and secure their financial future.

Mortgage Loan Officer

Residents of Woodbury, MN can benefit greatly from the expertise of a mortgage loan officer. With the city's high median household income and competitive housing market, navigating the home buying process can be overwhelming. A knowledgeable loan officer can provide guidance on the best mortgage options available, assist in pre-approval and pre-qualification processes, and help residents secure the financing they need to purchase their dream home. Additionally, with Woodbury's rapidly growing population, loan officers can also assist residents with refinancing options to lower their monthly mortgage payments or to access equity for home improvements. With the right loan officer, residents of Woodbury can feel confident and informed throughout the home buying or refinancing process.

Tax Services

Residents of Woodbury, MN can benefit from the assistance of a tax advisor in a multitude of ways. One specific example is navigating the complexities of Minnesota state tax laws. With a tax advisor's expertise, residents can ensure that they are taking advantage of all available deductions and credits, such as the Homestead Credit for homeowners. Additionally, a tax advisor can provide guidance on the tax implications of major life events, such as buying or selling a home or starting a business. The advisor can also assist with tax planning and preparation to minimize tax liability and avoid costly mistakes. With the ever-changing tax laws and regulations, having a knowledgeable tax advisor can provide peace of mind and financial security for residents of Woodbury, MN.

Estate Planning Lawyer

Residents of Woodbury, MN can benefit from the services of an estate planning lawyer in various ways. One specific example is the lawyer's ability to assist in creating a plan for the distribution of assets after death. With Woodbury being a rapidly growing city, many residents have accumulated significant assets over the years. An estate planning lawyer can help ensure that those assets are distributed according to the individual's wishes and that their loved ones are provided for. Additionally, the lawyer can help with the creation of a will, trust, or power of attorney, which can be especially important for those with complex family dynamics or unique financial situations. By working with an estate planning lawyer, residents of Woodbury can have peace of mind knowing that their affairs are in order and their loved ones are protected.

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