Best Financial Advisors in Peabody

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
4.9/5.0
Average Rating

Peabody Financial Landscape

Peabody's economy is bolstered by retail, manufacturing, and healthcare sectors. The city benefits from its proximity to Boston, enhancing its economic landscape.

Major industries
Retail, Manufacturing, Healthcare
Population
52K (metro: 4.9M)
Median household income
$76,000
Unique needs
Peabody requires investment in infrastructure and workforce development to support its growing economy.
Market Insights
Economic Growth
According to BEA (2023), Peabody's economy has shown steady growth, driven by retail and healthcare expansions.
Wealth Demographics
According to Census (2023), the median income in Peabody is $76,000, reflecting a stable middle-class population.
Advisor Specializations
Based on BLS (2023), financial advisors in Peabody are increasingly focusing on retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), Peabody's cost of living is slightly above the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), Peabody's real estate market is competitive, with home values rising steadily over the past year.
Business Environment
According to Fortune (2024), Peabody's business climate is favorable, with supportive local policies encouraging entrepreneurship.

Top 5 Financial Advisors in Peabody

High Mark Wealth Strategies
★ ★ ★ ★ ★ 5
Apex Wealth
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Ashley Brothers, CFP®|CEPA®
★ ★ ★ ★ ★ 5
Terranova & Associates CPA, LLC
★ ★ ★ ★ ★ 5
Nishan Mootafian, CRPC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Peabody, 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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Peabody-Specific Expertise
For Peabody residents working in Retail, 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
Peabody's retail and manufacturing sectors face economic shifts; real estate prices may be inflated. Monitor flooding risks and diversify investments.

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Find Financial Advisors in Nearby Cities

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