Best Financial Advisors in Fall River

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
80+
Advisors
4.5/5.0
Average Rating

Fall River Financial Landscape

The economy of Fall River is diverse, with significant contributions from healthcare, manufacturing, and retail sectors. The city is experiencing a gradual economic revitalization.

Major industries
Healthcare, Manufacturing, Retail
Population
88.7K (metro: 1.5M)
Median household income
$45,000
Unique needs
Fall River requires strategies to enhance economic diversification and address housing market challenges.
Market Insights
Economic Growth
According to BEA (2023), Fall River's economy is projected to grow by 2.5% annually, driven by healthcare and retail sectors.
Wealth Demographics
According to Census (2023), the median income in Fall River is $45,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Fall River are increasingly focusing on retirement planning and investment diversification.
Local Considerations
Cost of Living
According to BLS (2024), Fall River's cost of living is approximately 10% lower than the national average, attracting new residents.
Real Estate Market
According to Zillow (2024), Fall River's housing market is showing signs of stabilization, with median home prices around $300,000.
Business Environment
According to Fortune (2024), Fall River's business climate is improving, with incentives for startups and small businesses.

Top 5 Financial Advisors in Fall River

South Coast Planning & Wealth Management LLC
★ ★ ★ ★ ★ 5
Mark Savastano - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Thomas Durkin
★ ★ ★ ★ ★ 5
WakeWater Wealth Management - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Successful Money Strategies
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Fall River, 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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Fall River-Specific Expertise
For Fall River residents working in Healthcare, Manufacturing, 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
Fall River's manufacturing focus poses economic risks; housing market shows signs of instability. Prepare for flooding and economic downturns by diversifying investments.

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Find Financial Advisors in Nearby Cities

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