Best Financial Advisors in Milford

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
60+
Advisors
4.6/5.0
Average Rating

Milford Financial Landscape

Milford's economy is diverse, with strong contributions from retail, healthcare, and manufacturing sectors. The city benefits from its proximity to New Haven and New York City.

Major industries
Retail, Healthcare, Manufacturing
Population
51.6K (metro: 1.2M)
Median household income
$80,000
Unique needs
Milford requires a focus on sustainable development and disaster preparedness due to its coastal location.
Market Insights
Economic Growth
According to BEA (2023), Milford's economy has shown steady growth, driven by local businesses and tourism.
Wealth Demographics
According to Census (2023), the median income in Milford is approximately $80,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Milford increasingly focus on retirement planning and estate management.
Local Considerations
Cost of Living
According to BLS (2024), Milford's cost of living is slightly above the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), Milford's real estate market is competitive, with home values increasing due to demand and limited inventory.
Business Environment
According to Fortune (2024), Milford's business climate is favorable, with supportive local policies encouraging small business growth.

Top 5 Financial Advisors in Milford

Skinner Wealth Strategies
★ ★ ★ ★ ★ 5
Coastal Bridge Advisors
★ ★ ★ ★ ★ 5
Milestone Asset Management Group
★ ★ ★ ★ ★ 5
Lee Giordano, Bankers Life Agent and Bankers Life Securities Financial Representative
★ ★ ★ ★ ★ 5
DiMatteo Group Financial Services
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Milford, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Milford-Specific Expertise
For Milford residents working in Retail, Healthcare, Manufacturing, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Milford's economy needs diversification beyond retail and healthcare. Real estate prices are rising, posing bubble risks. Prepare for flooding and hurricanes.

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