Best Financial Advisors in Waterbury

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
100+
Advisors
4.8/5.0
Average Rating

Waterbury Financial Landscape

Waterbury's economy is diverse, with significant contributions from manufacturing, healthcare, and retail. The city's strategic location enhances its appeal for business growth.

Major industries
Manufacturing, Healthcare, Retail
Population
109.7K (metro: 1.2M)
Median household income
$61,000
Unique needs
Waterbury requires tailored financial strategies to address its unique economic landscape and demographic shifts.
Market Insights
Economic Growth
According to BEA (2023), Waterbury's economy shows moderate growth, driven by healthcare and manufacturing sectors.
Wealth Demographics
According to Census (2023), the median income in Waterbury is $61,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Waterbury are increasingly focusing on retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), Waterbury's cost of living is lower than the national average, making it attractive for families.
Real Estate Market
According to Zillow (2024), the real estate market in Waterbury is stable, with moderate price appreciation and a balanced inventory.
Business Environment
According to Fortune (2024), Waterbury's business climate is improving, with incentives for small businesses and startups.

Top 5 Financial Advisors in Waterbury

Coleman Financial Advisory Group LLC
★ ★ ★ ★ ★ 5
Confident Financial Solutions, LLC – Financial Advisors in Cheshire, CT
★ ★ ★ ★ ★ 5
Bantam Financial
★ ★ ★ ★ ★ 5
Jennifer Grennan - Financial Advisor - Ion Investments
★ ★ ★ ★ ★ 5
Wise Wealth, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Waterbury, 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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Waterbury-Specific Expertise
For Waterbury residents working in Manufacturing, Healthcare, Retail, 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
Waterbury's manufacturing focus poses risks from economic downturns. Real estate may face volatility; consider flood risks and diversify investments.

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Find Financial Advisors in Nearby Cities

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