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
40+
Advisors
4.8/5.0
Average Rating

Troy Financial Landscape

Troy's economy is diverse, with strengths in manufacturing, healthcare, and education. The city is experiencing a revitalization, attracting new businesses and residents.

Major industries
Manufacturing, Healthcare, Education
Population
49.9K (metro: 499.7K)
Median household income
$60,000
Unique needs
Troy requires investment in infrastructure and affordable housing to support its growing population and revitalization efforts.
Market Insights
Economic Growth
According to BEA (2023), Troy's economy has shown a 3% growth rate, driven by manufacturing and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Troy is approximately $60,000, reflecting a stable middle-class population.
Advisor Specializations
Based on BLS (2023), financial advisors in Troy are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Troy's cost of living is 10% lower than the national average, making it an attractive place for new residents.
Real Estate Market
According to Zillow (2024), home prices in Troy have increased by 8% over the past year, indicating a competitive real estate market.
Business Environment
According to Fortune (2024), Troy's business climate is improving, with new incentives attracting startups and established companies alike.

Top 5 Financial Advisors in Troy

Thoroughbred Advisors - Financial Advisors
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Christopher M Reilly
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Stephanie M Havens
★ ★ ★ ★ ★ 5
Bouchey Financial Group, Ltd.
★ ★ ★ ★ ★ 5
Strategy One Wealth Management
★ ★ ★ ★ ★ 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 Manufacturing, Healthcare, Education, 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 manufacturing focus poses risks from economic downturns. Real estate prices are rising, indicating potential bubble risks. Flooding is a concern; diversify investments.

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