Best Financial Advisors in Medford

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
4.6/5.0
Average Rating

Medford Financial Landscape

Medford's economy is diverse, with a mix of healthcare, education, and technology sectors. The city benefits from its location near Boston, enhancing its economic potential.

Major industries
Healthcare, Education, Technology
Population
57.2K (metro: 4.9M)
Median household income
$85,000
Unique needs
Medford requires tailored financial strategies due to its unique economic landscape and demographic trends.
Market Insights
Economic Growth
According to BEA (2023), Medford's economy has shown steady growth, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median income in Medford is approximately $85,000, reflecting a stable economic environment.
Advisor Specializations
Based on BLS (2023), financial advisors in Medford increasingly specialize in retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Medford is slightly above the national average, driven by housing costs.
Real Estate Market
According to Zillow (2024), Medford's real estate market is competitive, with home prices rising due to demand.
Business Environment
According to Fortune (2024), Medford's business climate is favorable, supported by local government initiatives and proximity to Boston.

Top 5 Financial Advisors in Medford

Heritage Wealth Management
★ ★ ★ ★ ★ 5
Carolyn Nolan - Private Wealth Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Rainbow Solutions Inc
★ ★ ★ ★ ★ 5
TNG Private Wealth - Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Lewellyn Wealth
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Medford, 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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Medford-Specific Expertise
For Medford residents working in Healthcare, Education, Technology, 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
Medford's tech sector growth presents concentration risks; housing market shows signs of a bubble. Prepare for flooding and diversify investments across sectors.

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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