Best Financial Advisors in New Bedford

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
90+
Advisors
4.8/5.0
Average Rating

New Bedford Financial Landscape

New Bedford's economy is diverse, with strong sectors in fishing, manufacturing, and healthcare. The city is also experiencing growth in tourism and renewable energy.

Major industries
Fishing, Manufacturing, Healthcare
Population
95K (metro: 950K)
Median household income
$54,000
Unique needs
New Bedford requires investment in infrastructure and workforce development to support its growing industries.
Market Insights
Economic Growth
According to BEA (2023), New Bedford's economy has seen a 3% growth rate, driven by tourism and renewable energy sectors.
Wealth Demographics
According to Census (2023), the median income in New Bedford is $54,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in New Bedford are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), New Bedford's cost of living is approximately 10% lower than the national average, making it attractive for new residents.
Real Estate Market
According to Zillow (2024), home prices in New Bedford have increased by 5% year-over-year, indicating a competitive real estate market.
Business Environment
According to Fortune (2024), New Bedford's business climate is improving, with incentives for startups in renewable energy and tech.

Top 5 Financial Advisors in New Bedford

Christopher Resendes Financial Planner
★ ★ ★ ★ ★ 5
SouthCoast Financial Group
★ ★ ★ ★ ★ 5
David Westgate-Medicare and Financial Services
★ ★ ★ ★ ★ 5
A.G. Quintal Investment Company Inc.
★ ★ ★ ★ ★ 5
Coastal Financial
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in New Bedford, 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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New Bedford-Specific Expertise
For New Bedford residents working in Fishing, Manufacturing, Healthcare, 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
New Bedford's reliance on fishing and manufacturing poses economic risks. Real estate may face volatility; consider diversifying investments. Be cautious of flooding and hurricanes.

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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