Best Financial Advisors in Troy

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
80+
Advisors
4.6/5.0
Average Rating

Troy Financial Landscape

Troy boasts a robust economy driven by technology, healthcare, and retail sectors. The city is a hub for corporate offices and offers a high quality of life.

Major industries
Technology, Healthcare, Retail
Population
82.8K (metro: 4.3M)
Median household income
$85,000
Unique needs
Troy's diverse economy requires tailored financial services to address varying industry risks and real estate dynamics.
Market Insights
Economic Growth
According to BEA (2023), Troy's economy has shown steady growth, with a focus on technology and healthcare driving job creation.
Wealth Demographics
According to Census (2023), the median income in Troy is $85,000, reflecting a prosperous community with a high standard of living.
Advisor Specializations
Based on BLS (2023), financial advisors in Troy are increasingly specializing in tech and real estate investments to meet local demands.
Local Considerations
Cost of Living
According to BLS (2024), Troy's cost of living is slightly above the national average, influenced by housing and transportation costs.
Real Estate Market
According to Zillow (2024), the real estate market in Troy is competitive, with home prices rising due to demand and limited inventory.
Business Environment
According to Fortune (2024), Troy's business climate is favorable, with incentives for tech startups and established corporations alike.

Top 5 Financial Advisors in Troy

Horizon Advisers - Troy (Headquarters)
★ ★ ★ ★ ★ 5
Center for Wealth Management
★ ★ ★ ★ ★ 5
Saoud Financial Advisors & Wealth Management of Troy
★ ★ ★ ★ ★ 5
Zhang Financial
★ ★ ★ ★ ★ 5
Financial Solutions of Michigan
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Troy, 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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Troy-Specific Expertise
For Troy residents working in Technology, Healthcare, Retail, 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
Troy's tech and retail sectors face market volatility; housing prices may be inflated. Prepare for potential flooding and diversify investments across industries.

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Find Financial Advisors in Nearby Cities

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