Best Financial Advisors in Newport News

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
180+
Advisors
4.6/5.0
Average Rating

Newport News Financial Landscape

Newport News has a diverse economy driven by shipbuilding, healthcare, and education. The city is strategically located near major transportation hubs, enhancing its economic potential.

Major industries
Shipbuilding, Healthcare, Education
Population
182K (metro: 1.7M)
Median household income
$62,000
Unique needs
Focus on maritime industry growth and workforce development to meet evolving economic demands.
Market Insights
Economic Growth
According to BEA (2023), Newport News has shown steady economic growth, with a focus on shipbuilding and related industries driving job creation.
Wealth Demographics
According to Census (2023), the median income in Newport News is approximately $62,000, reflecting a stable middle-class demographic.
Advisor Specializations
Based on BLS (2023), financial advisors in Newport News are increasingly specializing in retirement planning and investment strategies tailored to local industries.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Newport News is competitive, with housing costs remaining lower than national averages, attracting new residents.
Real Estate Market
According to Zillow (2024), the Newport News real estate market is experiencing moderate growth, with home values rising steadily but still affordable compared to larger cities.
Business Environment
According to Fortune (2024), Newport News offers a favorable business climate, supported by local government incentives and a skilled workforce, particularly in maritime industries.

Top 5 Financial Advisors in Newport News

Mason & Associates, LLC
★ ★ ★ ★ ★ 5
First Command Financial Advisor - Shelby Barnetti
★ ★ ★ ★ ★ 5
MCM Financial
★ ★ ★ ★ ★ 5
Joss Brown Wealth Advisors
★ ★ ★ ★ ★ 5
Pathway Financial Planning, Inc.
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Newport News, 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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Newport News-Specific Expertise
For Newport News residents working in Shipbuilding, 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
Newport News' shipbuilding focus poses risks if defense spending declines. Housing market may face volatility; prepare for hurricanes and flooding. Diversify into tech and healthcare.

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