Best Financial Advisors in Pawtucket

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
70+
Advisors
4.8/5.0
Average Rating

Pawtucket Financial Landscape

Pawtucket's economy is diversifying with a focus on manufacturing, healthcare, and arts. The city is strategically located near Providence, enhancing its economic prospects.

Major industries
Manufacturing, Healthcare, Arts
Population
71.2K (metro: 1.6M)
Median household income
$61,000
Unique needs
Pawtucket requires investment in infrastructure and community development to support its growing population and economy.
Market Insights
Economic Growth
According to BEA (2023), Pawtucket's GDP growth has been steady, driven by a resurgence in manufacturing and local businesses.
Wealth Demographics
According to Census (2023), the median household income in Pawtucket is $61,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Pawtucket are increasingly focusing on retirement planning and investment strategies.
Local Considerations
Cost of Living
According to BLS (2024), Pawtucket's cost of living is slightly below the national average, making it an attractive place for families.
Real Estate Market
According to Zillow (2024), the real estate market in Pawtucket shows moderate growth, with home prices rising steadily but still affordable.
Business Environment
According to Fortune (2024), Pawtucket's business climate is improving, with incentives for startups and established companies alike.

Top 5 Financial Advisors in Pawtucket

Providence Financial Advisors
★ ★ ★ ★ ★ 5
Oceanstate Financial Services
★ ★ ★ ★ ★ 5
Oak Leaf Wealth Management
★ ★ ★ ★ ★ 5
Eliot Rose Wealth Management, LLC
★ ★ ★ ★ ★ 5
Northwestern Mutual - Financial Advisor: Adam Badeau
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Pawtucket, 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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Pawtucket-Specific Expertise
For Pawtucket residents working in Manufacturing, Healthcare, Arts, 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
Pawtucket's manufacturing focus risks economic downturns; housing market may face volatility. Flooding and winter storms are concerns; diversify investments.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Rhode Island locations

Providence Warwick Cranston Pawtucket East Providence Woonsocket