Best Financial Advisors in Portland

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
4.5/5.0
Average Rating

Portland Financial Landscape

Portland's economy is driven by tourism, healthcare, and education, with a growing emphasis on technology and renewable energy. The city serves as a regional hub for commerce and culture.

Major industries
Tourism, Healthcare, Education, Technology, Renewable Energy
Population
66.3K (metro: 663.2K)
Median household income
$65,000
Unique needs
Portland requires strategies to address housing affordability, diversify its economy, and prepare for climate-related risks.
Market Insights
Economic Growth
According to BEA (2023), Portland's economy has seen a steady growth rate of 3.2%, driven by tourism and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Portland is $65,000, reflecting a diverse economic base and a growing population.
Advisor Specializations
Based on BLS (2023), financial advisors in Portland are increasingly focusing on real estate and retirement planning due to demographic shifts.
Local Considerations
Cost of Living
According to BLS (2024), Portland's cost of living has risen by 4.5% over the past year, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the median home price in Portland has increased to $400,000, indicating a competitive real estate market.
Business Environment
According to Fortune (2024), Portland's business climate is favorable, with a focus on sustainability and innovation attracting new startups.

Top 5 Financial Advisors in Portland

Penobscot Financial Advisors - Portland, Maine
★ ★ ★ ★ ★ 5
Bigelow Investment Advisors
★ ★ ★ ★ ★ 5
Portland Financial Planning Group, LLC
★ ★ ★ ★ ★ 5
WealthSmith Financial Planning
★ ★ ★ ★ ★ 5
Matthew Brown - Financial Advisor, Ameriprise Financial Services, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Portland, 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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Portland-Specific Expertise
For Portland residents working in Tourism, Healthcare, Education, Technology, Renewable Energy, 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
Portland's tech sector growth necessitates diversification to mitigate economic downturns. Housing demand may inflate prices, risking a bubble. Prepare for flooding and storms.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Maine locations

Portland