Best Financial Advisors in Springfield

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
150+
Advisors
4.7/5.0
Average Rating

Springfield Financial Landscape

Springfield's economy is diverse, with strengths in healthcare, education, and manufacturing. The city is a regional hub for commerce and innovation.

Major industries
Healthcare, Education, Manufacturing
Population
153.7K (metro: 1.5M)
Median household income
$55,000
Unique needs
Springfield requires focused investment in healthcare and education sectors to sustain growth and address urban challenges.
Market Insights
Economic Growth
According to BEA (2023), Springfield's GDP growth rate is projected at 2.5%, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median household income in Springfield is $55,000, reflecting a diverse economic landscape.
Advisor Specializations
Based on BLS (2023), financial advisors in Springfield are increasingly focusing on retirement planning and education funding.
Local Considerations
Cost of Living
According to BLS (2024), Springfield's cost of living is 10% lower than the national average, making it an attractive place to live.
Real Estate Market
According to Zillow (2024), Springfield's housing market is stable, with a median home price of $250,000 and moderate appreciation rates.
Business Environment
According to Fortune (2024), Springfield's business climate is improving, with incentives for startups and established businesses alike.

Top 5 Financial Advisors in Springfield

Grenier Financial Advisors
★ ★ ★ ★ ★ 5
Trailhead Financial, LLC.
★ ★ ★ ★ ★ 5
Northwestern Mutual
★ ★ ★ ★ ★ 5
Daryl deVillier - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
Fedor Financial Group LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Springfield, 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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Springfield-Specific Expertise
For Springfield residents working in Healthcare, Education, Manufacturing, 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
Springfield's reliance on healthcare and education poses risks; diversify investments. Real estate may face volatility; consider flood risks and economic shifts.

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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