Best Financial Advisors in Somerville

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
4.9/5.0
Average Rating

Somerville Financial Landscape

With a population of 78,804, Somerville is part of the Greater Boston area, benefiting from a robust economy driven by technology, education, and healthcare sectors.

Major industries
Technology, Education, Healthcare
Population
78804 (metro: 4.9M)
Median household income
$85,000
Unique needs
Somerville requires tailored financial strategies to address its unique urban challenges and opportunities.
Market Insights
Economic Growth
According to BEA (2023), Somerville's economy is growing, driven by innovation and a strong labor market.
Wealth Demographics
According to Census (2023), the median income in Somerville is $85,000, reflecting a well-educated workforce.
Advisor Specializations
Based on BLS (2023), financial advisors in Somerville are increasingly focusing on tech and real estate investments.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Somerville is above the national average, driven by housing and transportation costs.
Real Estate Market
According to Zillow (2024), Somerville's real estate market is competitive, with prices rising due to demand and limited supply.
Business Environment
According to Fortune (2024), Somerville's business climate is favorable, with support for startups and established firms alike.

Top 5 Financial Advisors in Somerville

Premium Financial Services
★ ★ ★ ★ ★ 5
Beyond Your Hammock
★ ★ ★ ★ ★ 5
Shervin Sadr - Financial Planner
★ ★ ★ ★ ★ 5
Northeast Wealth Planners
★ ★ ★ ★ ★ 5
Sandra Gilpatrick, CFP®, Wealth Consultant
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Somerville, 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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Somerville-Specific Expertise
For Somerville residents working in Technology, Education, 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
Somerville's tech sector concentration poses risks; housing market volatility may indicate a bubble. Flooding is a concern; 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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