Best Financial Advisors in Utica

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
4.4/5.0
Average Rating

Utica Financial Landscape

Utica's economy is driven by healthcare, education, and manufacturing. The city is experiencing a resurgence with new investments and revitalization efforts.

Major industries
Healthcare, Education, Manufacturing
Population
61.8K (metro: 61808)
Median household income
$45,000
Unique needs
Utica requires investment in infrastructure and workforce development to support its growing economy.
Market Insights
Economic Growth
According to BEA (2023), Utica's GDP growth is projected at 3%, driven by healthcare and manufacturing sectors.
Wealth Demographics
According to Census (2023), the median household income in Utica is approximately $45,000, reflecting economic challenges.
Advisor Specializations
Based on BLS (2023), financial advisors in Utica are increasingly focusing on retirement planning and local investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Utica's cost of living is 10% lower than the national average, making it affordable for residents.
Real Estate Market
According to Zillow (2024), Utica's housing market shows signs of stabilization, with median home prices around $150,000.
Business Environment
According to Fortune (2024), Utica's business climate is improving, with incentives for startups and small businesses.

Top 5 Financial Advisors in Utica

Strategic Financial Services, Inc.
★ ★ ★ ★ ★ 5
Ascent Wealth Partners
★ ★ ★ ★ ★ 5
Caruso Mc Lean & Co., Inc
★ ★ ★ ★ ★ 5
Advanced Group Financial Services
★ ★ ★ ★ ★ 5
Leigh Baldwin & Co LLC of Utica
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Utica, 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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Utica-Specific Expertise
For Utica 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
Utica's reliance on healthcare and manufacturing poses risks; diversify investments. Real estate may face volatility; monitor housing trends. Flooding risks exist.

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