Best Financial Advisors in Lawrence

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
70+
Advisors
4.7/5.0
Average Rating

Lawrence Financial Landscape

Lawrence's economy is driven by manufacturing, healthcare, and education sectors. The city is experiencing growth, attracting new businesses and residents.

Major industries
Manufacturing, Healthcare, Education
Population
77.7K (metro: 776.5K)
Median household income
$60,000
Unique needs
Lawrence requires support for its diverse population and workforce development initiatives.
Market Insights
Economic Growth
According to BEA (2023), Lawrence's GDP growth rate is projected at 3.5%, driven by manufacturing and service sectors.
Wealth Demographics
According to Census (2023), the median household income in Lawrence is approximately $60,000, reflecting economic diversity.
Advisor Specializations
Based on BLS (2023), financial advisors in Lawrence are increasingly specializing in retirement planning and small business consulting.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Lawrence is 10% lower than the national average, making it an affordable option for families.
Real Estate Market
According to Zillow (2024), Lawrence's real estate market has seen a 5% increase in home prices, indicating a competitive housing environment.
Business Environment
According to Fortune (2024), Lawrence's business climate is improving, with new incentives for startups and small businesses.

Top 5 Financial Advisors in Lawrence

Metro Financial Solutions
★ ★ ★ ★ ★ 5
NEIRG Wealth Management, LLC
★ ★ ★ ★ ★ 5
Caleb Harty, Financial Advisor - Harty Financial
★ ★ ★ ★ ★ 5
PEREZ Insurance and Financial Services, LLC
★ ★ ★ ★ ★ 5
TIAA Financial Services
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Lawrence, 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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Lawrence-Specific Expertise
For Lawrence residents working in Manufacturing, Healthcare, Education, 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
Lawrence's manufacturing focus poses risks; diversify into tech and healthcare. Real estate is volatile; monitor for bubbles. Flooding is a concern.

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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