Best Financial Advisors in Barnstable Town

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
4.7/5.0
Average Rating

Barnstable Town Financial Landscape

The economy of Barnstable Town is primarily driven by tourism, healthcare, and retail. The town's scenic beaches and cultural attractions draw millions of visitors annually.

Major industries
Tourism, Healthcare, Retail
Population
44.6K (metro: 446.4K)
Median household income
$75,000
Unique needs
Barnstable Town requires tailored financial services to address its seasonal economy and diverse population.
Market Insights
Economic Growth
According to BEA (2023), Barnstable's economy has shown resilience with a 3% growth rate, driven by tourism and healthcare sectors.
Wealth Demographics
According to Census (2023), the median household income in Barnstable Town is approximately $75,000, reflecting a stable middle-class community.
Advisor Specializations
Based on BLS (2023), financial advisors in Barnstable are increasingly focusing on retirement planning and estate management for aging residents.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Barnstable Town is about 15% higher than the national average, driven by housing and services.
Real Estate Market
According to Zillow (2024), Barnstable's real estate market is competitive, with home prices rising 8% year-over-year, fueled by demand from seasonal buyers.
Business Environment
According to Fortune (2024), Barnstable Town's business climate is favorable for small businesses, particularly in tourism and local services.

Top 5 Financial Advisors in Barnstable Town

Beacon Financial Planning
★ ★ ★ ★ ★ 5
Hyannis Financial/GIA
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Michelle Ferguson, AAMS®
★ ★ ★ ★ ★ 5
Merrill Lynch Wealth Management
★ ★ ★ ★ ★ 5
Wealth Enhancement Group
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Barnstable Town, 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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Barnstable Town-Specific Expertise
For Barnstable Town residents working in Tourism, 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
Barnstable's tourism reliance poses economic risks; housing market volatility may arise from seasonal demand. Prepare for coastal flooding and hurricanes.

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