Best Financial Advisors in Taunton

Taunton Financial Landscape

Taunton's economy is characterized by a mix of manufacturing, retail, and healthcare services. The city benefits from its strategic location between Boston and Providence.

Major industries

Manufacturing, Retail, Healthcare

Population

56.1K (metro: 560.7K)

Median household income

$70,000

Unique needs

Taunton requires tailored financial advice due to its unique economic landscape and demographic trends.

Market Insights

Economic Growth

According to BEA (2023), Taunton's GDP growth is steady, driven by manufacturing and healthcare sectors.

Wealth Demographics

According to Census (2023), the median household income in Taunton is approximately $70,000, reflecting a stable economic environment.

Advisor Specializations

Based on BLS (2023), financial advisors in Taunton are increasingly focusing on retirement planning and estate management.

Local Considerations

Cost of Living

According to BLS (2024), Taunton's cost of living is slightly below the national average, making it an attractive place to live.

Real Estate Market

According to Zillow (2024), Taunton's real estate market is experiencing moderate growth, with home prices rising steadily.

Business Environment

According to Fortune (2024), Taunton's business climate is favorable, with supportive local policies for small businesses.

How to Choose the Right Financial Advisor

When selecting a financial advisor in Taunton, consider these essential factors

Fiduciary Standard

Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.

Taunton-Specific Expertise

For Taunton residents working in Manufacturing, Retail, Healthcare, consider advisors with specific experience in your industry's unique compensation and benefit structures.

Fee Structure Transparency

Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.

Credentials

Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.

Communication Style

Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.

Risk Management Focus

Taunton's manufacturing sector poses risks from economic downturns. Housing market pressures may indicate a bubble. Prepare for flooding and diversify investments.

Best Financial Advisors in Taunton

Taunton Financial Landscape

Top 5 Financial Advisors in Taunton

How to Choose the Right Financial Advisor

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