Best Financial Advisors in Chelsea

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

Chelsea Financial Landscape

Chelsea's economy is bolstered by its strategic location near Boston, with a mix of retail, healthcare, and manufacturing sectors. The city is experiencing growth in small businesses and community services.

Major industries
Retail, Healthcare, Manufacturing
Population
37.7K (metro: 4.9M)
Median household income
$55,000
Unique needs
Chelsea requires tailored financial services to address its diverse population and economic growth.
Market Insights
Economic Growth
According to BEA (2023), Chelsea's economy has shown resilience with a growth rate of 3.2%, driven by local businesses and service sectors.
Wealth Demographics
According to Census (2023), the median income in Chelsea is $55,000, reflecting a diverse economic base and varying income levels.
Advisor Specializations
Based on BLS (2023), financial advisors in Chelsea are increasingly focusing on retirement planning and wealth management for diverse clients.
Local Considerations
Cost of Living
According to BLS (2024), Chelsea's cost of living is approximately 10% lower than the Boston average, attracting new residents.
Real Estate Market
According to Zillow (2024), Chelsea's real estate market is competitive, with home values increasing by 8% year-over-year, raising affordability concerns.
Business Environment
According to Fortune (2024), Chelsea's business climate is improving, with support for startups and local initiatives fostering economic growth.

Top 5 Financial Advisors in Chelsea

Shervin Sadr - Financial Planner
★ ★ ★ ★ ★ 5
Solomon's Advisors LLC
★ ★ ★ ★ ★ 5
Beyond Your Hammock
★ ★ ★ ★ ★ 5
Pension & Wealth Management Advisors
★ ★ ★ ★ ★ 5
Claro Advisors
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Chelsea, 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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Chelsea-Specific Expertise
For Chelsea 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
Chelsea's retail sector faces competition from e-commerce. Housing demand is rising, risking a bubble. Flooding and storms are concerns; diversify investments across sectors.

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Find Financial Advisors in Nearby Cities

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