Best Financial Advisors in Newton

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

Newton Financial Landscape

With a population of 87,971, Newton boasts a diverse economy driven by education, healthcare, and technology. The city is part of the Greater Boston area, benefiting from its proximity to major urban centers.

Major industries
Education, Healthcare, Technology
Population
87971
Median household income
$120,000
Unique needs
Newton requires tailored financial advice focusing on education funding and real estate investment strategies.
Market Insights
Economic Growth
According to BEA (2023), Newton's economy is growing steadily, driven by strong educational institutions and healthcare services.
Wealth Demographics
According to Census (2023), the median income in Newton is approximately $120,000, reflecting a wealthy demographic.
Advisor Specializations
Based on BLS (2023), financial advisors in Newton are increasingly specializing in education funding and real estate investment.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Newton is higher than the national average, driven by housing and education expenses.
Real Estate Market
According to Zillow (2024), Newton's real estate market remains competitive, with home prices rising due to demand and limited inventory.
Business Environment
According to Fortune (2024), Newton's business environment is favorable, supported by a skilled workforce and proximity to Boston's innovation hubs.

Top 5 Financial Advisors in Newton

Balance Wealth Advisors
★ ★ ★ ★ ★ 5
Financial Planning Solutions, LLC
★ ★ ★ ★ ★ 5
Insight Financial Strategists LLC
★ ★ ★ ★ ★ 5
Kaplan Financial Services
★ ★ ★ ★ ★ 5
Pension & Wealth Management Advisors
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Newton, 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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Newton-Specific Expertise
For Newton residents working in Education, Healthcare, 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
Newton's tech and education sectors face concentration risks; housing market bubbles are a concern. Prepare for flooding risks and diversify investments to mitigate economic downturns.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Massachusetts locations

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