Best Financial Advisors in Providence

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
170+
Advisors
4.6/5.0
Average Rating

Providence Financial Landscape

As the capital of Rhode Island, Providence has a diverse economy with strengths in education, healthcare, and manufacturing. The city is also a hub for the arts and culture.

Major industries
Education, Healthcare, Manufacturing
Population
178K (metro: 1.6M)
Median household income
$64,000
Unique needs
Providence needs to address housing affordability and diversify its economy to mitigate risks.
Market Insights
Economic Growth
According to BEA (2023), Providence's economy grew by 3.2% last year, driven by healthcare and education sectors.
Wealth Demographics
According to Census (2023), the median income in Providence is $64,000, with a significant portion of residents earning below this threshold.
Advisor Specializations
Based on BLS (2023), financial advisors in Providence are increasingly focusing on retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Providence is 12% higher than the national average, driven by housing and healthcare costs.
Real Estate Market
According to Zillow (2024), the Providence real estate market has seen a 5% increase in home prices, raising concerns about affordability.
Business Environment
According to Fortune (2024), Providence's business climate is improving, but challenges remain in attracting tech startups.

Top 5 Financial Advisors in Providence

Providence Financial Advisors
★ ★ ★ ★ ★ 5
SK Wealth Management | Fee-Only Financial Planner
★ ★ ★ ★ ★ 5
Northwestern Mutual - Financial Advisor: Adam Badeau
★ ★ ★ ★ ★ 5
Northwestern Mutual - Financial Advisor: Jack Trevor, CFP ChFC CLU RICP
★ ★ ★ ★ ★ 5
Harkins Wealth Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Providence, 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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Providence-Specific Expertise
For Providence residents working in Education, Healthcare, 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
Providence's reliance on education and healthcare poses risks; housing market volatility and flooding are concerns. Diversify into tech and finance for stability.

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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