Best Financial Advisors in New Haven

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
130+
Advisors
4.8/5.0
Average Rating

New Haven Financial Landscape

Home to Yale University, New Haven's economy is bolstered by education, healthcare, and technology sectors. The city is also focusing on revitalization and innovation.

Major industries
Education, Healthcare, Technology
Population
130.7K (metro: 1.2M)
Median household income
$70,000
Unique needs
New Haven requires a focus on educational resources and healthcare services to support its diverse population.
Market Insights
Economic Growth
According to BEA (2023), New Haven's economy is projected to grow by 3% annually, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median income in New Haven is approximately $70,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in New Haven are increasingly specializing in retirement planning and education funding.
Local Considerations
Cost of Living
According to BLS (2024), New Haven's cost of living is 10% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), New Haven's real estate market shows a 5% annual increase, indicating potential bubble risks in housing.
Business Environment
According to Fortune (2024), New Haven's business climate is improving, with initiatives supporting startups and tech innovation.

Top 5 Financial Advisors in New Haven

Noble Wealth Advisors of Janney Montgomery Scott
★ ★ ★ ★ ★ 5
Merrill Lynch Wealth Management
★ ★ ★ ★ ★ 5
Raymond Wealth Advisors
★ ★ ★ ★ ★ 5
Thimble Island Private Wealth
★ ★ ★ ★ ★ 5
Knights of Columbus Asset Advisors
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in New Haven, 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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New Haven-Specific Expertise
For New Haven residents working in Education, Healthcare, Technology, 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
New Haven's healthcare and education sectors dominate, risking over-reliance. Real estate may face volatility; consider diverse investments. Flooding risks exist.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Connecticut locations

Bridgeport New Haven Stamford Hartford Waterbury Norwalk Danbury New Britain