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2024

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Best Financial Advisors in Waterbury, CT

Our Recommended Top 12

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Our goal is to connect people with the best local professionals. We scored Waterbury Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

37Reviewed

27Curated

12Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

420 Center St Fl 1, Wallingford, CT 06492

Expertise.com Rating

Review Sources

Google
5.0 (27)

Why choose this provider?

Toomey Investment Management, Inc., is a financial planning firm that serves the residents of Waterbury and the surrounding areas. It assists clients with their financial situations through the LOOP approach, which integrates different areas of the financial world. The approach includes services such as financial planning, investment and insurance management, and tax preparation. President Brendan Toomey is a Certified Financial Planner and Registered Investment Adviser. Toomey Investment Management has been featured in Connecticut Magazine and Forbes Magazine.

  • Certified Financial Planner (CFP)

29 South Main Street, Suite 306, West Hartford, CT 06107

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

YHB Investment Advisors, Inc., is a firm serving the Waterbury area. Its advisors create a diverse portfolio tailored to each client's specific needs in order to help them reach their financial objectives. They assist clients in establishing clear priorities and realistic investing targets through a full discussion of the client's expectations, income needs, and risk tolerance. Third-party custody, trustee services, and philanthropic endowment are among the firm's other offerings. It was established by Paul Martel in 1989, which now has $1.8 billion assets under management.

  • Estate and Trust Specialist
  • Private Wealth Advisor
  • Retirement Planning

61 Maple Ave, Canton, CT 06019

Expertise.com Rating

Review Sources

Google
4.5 (8)

Why choose this provider?

Established in 1994, Chadwick Financial Advisors is an investment advisory firm that serves individuals, families, and business owners nationwide. It offers financial planning services, which cover risk management, budgeting, education funding, and tax and estate planning. It also provides guidance for seniors saving for retirement and offers cash balance and pension management for business owners looking to create retirement plans. Chadwick Financial Advisors is owned by Michael Chadwick, a Chartered Life Underwriter, Chartered Financial Consultant, and Certified Financial Planner with nearly 30 years of experience.

  • Certified Financial Planner (CFP)

705 Boston Post Road, Guilford, CT 06437

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Real Financial Planning, LLC, provides its services to clients in Waterbury and the surrounding areas. Through comprehensive financial planning, the advisory firm helps clients manage their finances for retirement based on their unique goals and needs. This covers pension and legacy plans, retirement plans, taxable accounts, social security, and anticipated expenses. In addition, Real Financial Planning assists people in managing their investments and portfolios. The company's financial professional, Sally Kennedy, holds both CFP and RIA designations.

  • Certified Financial Planner (CFP)

15 North Main Street Suite 100, West Hartford, CT 06107

Expertise.com Rating

Review Sources

Google
4.0 (1)

Why choose this provider?

Mercer Advisors serves individuals and families in Waterbury in planning their finances. It delivers holistic financial solutions by advising clients about their investment venture, tax preparation, insurance solution, estate planning, and corporate trustee. Its advisors also offer budget optimization strategies for managing cash flow and 529 plans for arranging children's college expenses. In addition, they offer counsel on non-profits and charitable giving. Mercer Advisors received the 2020 Best Private Wealth Manager for Client Service recognition from the Private Asset Management Awards.

  • Certified Financial Planner (CFP)

2 Bridgewater Road, Suite 201, Farmington, CT 06032

Expertise.com Rating

Review Sources

Google
4.8 (5)

Why choose this provider?

Medallion Wealth Advisors LLC is a full-service financial firm that serves clients in Waterbury and the surrounding areas. Its advisors act as partners with their clients to better understand their financial concerns and develop a customized program that can help them attain their financial goals. They also advise clients concerning appropriate investments according to changing situations and needs. One of its investment advisor representatives, Matthew Woods Weber, is also a Certified Financial Planner and an insurance professional.

  • Private Wealth Advisor
  • Retirement Planning

1430 New Haven Road, Naugatuck, CT 06770

Expertise.com Rating

Review Sources

Facebook
5.0 (3)
Google
5.0 (1)

Why choose this provider?

Ion Investments is a financial advisory firm that serves clients in Waterbury. Its financial advisors provide services including retirement planning, asset and risk management, estate conservation, and business succession planning. It also offers insurance policies, long-term care plans, and annuities. The company serves thousands of families, businesses, and organizations through Infinex Investments. Jason Apruzzese, the company's senior vice president, has 14 years of experience in wealth management. He is a certified retirement counselor by The Corporation for Social Security Claiming Strategies.

  • Certified Financial Planner (CFP)

15A Main St. P.O. Box 557, Essex, CT 06426

Expertise.com Rating

Review Sources

Facebook
5.0 (12)

Why choose this provider?

Sullivan Financial Advisors is a team of professionals who provide holistic strategies in asset management and financial planning. Serving Waterbury residents, the team assists individuals and families in preparing for retirement and disability, managing investments and stock options, and structuring debts. These professionals, headed by principal Jane Sullivan, also guide business owners and institutions on the management of investment portfolios, planned giving strategies, and tax mitigation. Sullivan is a Certified Financial Planner (CFP) and the CFP Board Mentor.

  • Certified Financial Planner (CFP)
  • Private Wealth Advisor
  • Retirement Planning

135 High St., Hartford, CT 06103

Expertise.com Rating

Why choose this provider?

Since its founding in 1905, Lincoln Financial Group has provided advice and solutions to help clients in Waterbury and neighboring areas achieve financial security. Its team of financial advisors assists in developing financial plans that involve saving for retirement, family protection, and education funding. They also help clients select life insurance plans and annuities suited for their goals. The firm has been named Top Three Best Employer for Diversity for the third consecutive year in the Forbes’ 2020 list.

  • Insurance Products
  • Retirement Planning
  • Financial Planning

103 Albert St., Torrington, CT 06790

Expertise.com Rating

Review Sources

Facebook
5.0 (9)
Google
5.0 (4)

Why choose this provider?

Barron Financial Group, LLP, is a financial advisory company providing wealth management solutions to high-income or high-net-worth clients in Waterbury since 2006. The company offers financial solutions to individuals, executives, professionals, and business owners by providing portfolio management, advisory, and retirement plan services. It specializes in portfolio management and has developed its investment strategies and portfolio modeling and management software.

  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Insurance Products

500 Winding Brook Drive, Glastonbury, CT 06033

Expertise.com Rating

Why choose this provider?

Derek Mazzarella is a financial advisor who operates a franchise of Gateway Financial Partners, serving clients in the Waterbury metro and the surrounding communities. He provides wealth management, financial planning, and retirement planning services focused on every client's wealth, health, and fulfillment. He also guides them in creating plans that allow them to achieve their financial goals. Mazzarella, who has been in the industry since 2009, has earned his Certified Financial Planner designation. He has also received Five Star Wealth Professional awards.

  • Certified Financial Planner (CFP)
  • Retirement Planning

340 Hebron Avenue, Glastonbury, CT 06033

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

The Gottfried & Somberg Wealth Management, LLC, is an investment and financial services firm that serves families, investors, retirees, and business owners in the Waterbury metro. Through counseling, the firm guides clients in achieving their financial goals, which include the preservation of their assets. Its founder, Joshua Gottfried, has earned the Certified Financial Planner and Accredited Investment Fiduciary designations. He was also recognized by Forbes in its Best-in-State Wealth Advisors List. His retirement planning insights have been cited in The New York Times.

  • Retirement Planning

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
Toomey Investment Management, Inc
420 Center St Fl 1, Wallingford, CT 06492
YHB Investment Advisors, Inc.
29 South Main Street, Suite 306, West Hartford, CT 06107
Chadwick Financial Advisors
61 Maple Ave, Canton, CT 06019
Real Financial Planning, LLC
705 Boston Post Road, Guilford, CT 06437
Mercer Advisors
15 North Main Street Suite 100, West Hartford, CT 06107
Medallion Wealth Advisors LLC
2 Bridgewater Road, Suite 201, Farmington, CT 06032
Ion Investments
1430 New Haven Road, Naugatuck, CT 06770
Sullivan Financial Advisors
15A Main St. P.O. Box 557, Essex, CT 06426
Lincoln Financial Group
135 High St., Hartford, CT 06103
Barron Financial Group, LLP
103 Albert St., Torrington, CT 06790
Derek Mazzarella
500 Winding Brook Drive, Glastonbury, CT 06033
Gottfried & Somberg Wealth Management, LLC
340 Hebron Avenue, Glastonbury, CT 06033

FAQs

  • 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.

  • Why is it advisable to undergo financial advising in Waterbury when considering a divorce?

    When considering a divorce in Waterbury it is preferable to undergo financial advising because it is a change in circumstances that drastically alters one's money situation. While Connecticut is not a community property state, there are still lots of issues when it comes to the care of children and the equitable distribution of liabilities and assets.

  • If diversification in Waterbury does not eliminate risk, why must investors still diversify instead of focusing on certain strong sectors?

    Diversification in Waterbury is preferable to focusing on certain strong sectors because there is no guarantee that market trends will remain the same. What is strong today can deteriorate in the future, and having a wide portfolio reduces the odds that a crash in any single field will break the individual's entire basket.

  • Why should a testator in Waterbury consider a trust when planning an estate?

    A testator in Waterbury should consider supplementing a will with a trust because the latter is a juridical entity that lets the individual avoid probate while managing properties through a fiduciary party. Since the assets transfer ownership to a beneficiary upon death, there is no estate tax due though there could be income taxes for the appreciation of the trust itself.

  • Is a profitable year sufficient to guarantee that a company in Waterbury will release dividends?

    No, a profitable year does not guarantee that a company in Waterbury will release dividends. Corporations may distribute earnings to stockholders if they experience a profit, but the former reserve the right to reinvest the earnings to further grow the venture instead of releasing cash. In these cases, a person may sell the shares if the money is really needed, but this will also remove the right to receive dividends.

  • Should persons in Waterbury place their trust in robo advisors instead of human finance professionals?

    No, since robo advisors in Waterbury are inferior to human finance professionals because the latter are needed to fully personalize and consider the various components of custom plans. The software has not reached the point where it could determine tax minimization strategies or the comparative merits of competing investment products while keeping the investor's unique situation in mind.

  • 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.