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Best Financial Advisors in Bridgeport

2023

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Bridgeport, CT
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Price: Free Consultation

Bridgeport, CT

Why choose this provider?

Need help contacting a Financial Advisor in Bridgeport? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Price: Free booking service | Call 848.Book.Pro!

Website
2150 Post Road, Fairfield, CT 06824
  • Certified Financial Planner (CFP)

Why choose this provider?

MONECO Advisors is a company providing financial services for residents and businesses in Bridgeport and its nearby areas. The company specializes in investment management strategies, retirement planning, wealth synchronization, tax strategies, insurance services, and legacy planning. In addition, its commercial services include 401(k) plans, profit-sharing plans, and money purchase pension plans. The company was founded in 1980. It supports community organizations such as Fairfield American Little League and Fairfield Police Union Scholarship Fund. One of its managing partners, John Rosenau is a Certified Financial Planner.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
3 Enterprise Drive, Shelton, CT 06484
  • Retirement Planning

Why choose this provider?

Investmark Advisory Group provides an independent approach to wealth management for clients to reach goals through varying market conditions. Serving Bridgeport and the neighboring areas, the firm partners with broker and dealer Commonwealth Financial Network. The services include retirement income planning, investment management, insurance, and 401(K) and retirement plan services. Managing principal Jay Diamond has been with the firm since 1990. He holds several industry-related recognitions, such as the Women's Choice Award and the Chairman Retreat by Commonwealth Financial Network.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • What strategies can be employed in Bridgeport to save taxes on college savings?

    Consider these tax strategies in Bridgeport for investing in your child's name:

    • Transfer assets to your child under 19 to generate taxable income.
    • Invest in growth-oriented equities with low dividends for your child under 19, minimizing his or her dividend tax while increasing long-term value.
    • Employ your children in the family business to avoid the "kiddie tax" on their earnings.
    • Purchase U.S. Savings Bonds in your child's name that mature after turning 18.
  • Are your heirs required to pay income taxes when they receive your retirement assets through inheritance in Bridgeport?

    Yes. The rules for withdrawals from your account in Bridgeport are generally the same as if you were alive, except for Roth IRAs. For a Roth IRA, if the account was opened at least five years before withdrawals, no federal income tax is owed. Your spouse can also transfer the account penalty-free to his or her IRA. However, if your spouse rolled over to an IRA or withdrew before turning 59 1/2 years old, a penalty may apply.

  • Are your retirement assets in Bridgeport vulnerable to creditor claims?

    Unless used as loan collateral or in bankruptcy, employer-sponsored plans like IRAs, 401(k)s, and pension assets in Bridgeport are often safeguarded from creditors. While there is a possibility that they could be taken in those situations, funds held in registered pension plans, IRAs, or 401(k)s are often protected in the event of bankruptcy, subject to state and federal legislation.

  • When is the best time to consult with a Bridgeport financial advisor?

    Financial advice should be sought by some Bridgeport residents during significant life changes like divorce, inheritance, marriage, or job transitions. However, you can seek a financial advisor's guidance at any time. He or she can provide valuable assistance at any point in your financial journey. An advisor can help create and execute strategies for those lacking plans or investment knowledge. Partnering with an advisor can also save time for people managing their finances independently, allowing them to focus on other important matters.

  • Are alternative investments accessible to all individuals in Bridgeport?

    Alternative investment options are accessible to many investors in Bridgeport. Non-traditional mutual funds provide different strategies and are available to the majority of investors. However, depending on investable assets, prior investment expertise, and net worth, some alternative investments could have particular restrictions. Before investing in a specific investment strategy, it is essential to thoroughly consider these requirements.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.