Best Financial Advisors in Beverly

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
4.8/5.0
Average Rating

Beverly Financial Landscape

Beverly's economy is diverse, with strengths in healthcare, education, and retail. The city benefits from its proximity to Boston, enhancing its economic prospects.

Major industries
Healthcare, Education, Retail
Population
40.7K (metro: 406.6K)
Median household income
$83,000
Unique needs
Beverly requires tailored investment strategies to address its unique economic landscape and community needs.
Market Insights
Economic Growth
According to BEA (2023), Beverly's economy is projected to grow by 3% annually, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), Beverly's median household income is $83,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Beverly increasingly specialize in retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), Beverly's cost of living is 15% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the median home price in Beverly has increased by 8% over the past year, indicating a competitive market.
Business Environment
According to Fortune (2024), Beverly's business climate is favorable, with a supportive local government and active chamber of commerce.

Top 5 Financial Advisors in Beverly

Merrill Lynch Wealth Management
★ ★ ★ ★ ★ 5
Cornerstone Wealth Consulting Services, LLC
★ ★ ★ ★ ★ 5
Littlefield Wealth Services
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Walter W Hartford, CEPA®|CFA®
★ ★ ★ ★ ★ 5
R.W. Rogé & Company
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Beverly, 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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Beverly-Specific Expertise
For Beverly residents working in Healthcare, Education, 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
Beverly's healthcare sector is strong but may face regulatory risks. Real estate prices are rising, indicating potential bubble risks. Prepare for flooding and winter storms.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Massachusetts locations

Boston Worcester Springfield Lowell Cambridge New Bedford Brockton Quincy