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2024

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Best Financial Advisors in Somerville, MA

Our Recommended Top 18

We did the research for you!

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

36Reviewed

28Curated

18Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

67 Forest St, Suite 271, Somerville, MA 01752
WebsiteLicense: 5813774

Expertise.com Rating

Review Sources

Google
5.0 (5)

Why choose this provider?

Financial planning can be challenging; Cedar Hill Financial Group simplifies things. Their first priority is always acting in their client's best interest. That means providing personalized, comprehensive financial advice, along with data driven portfolios. Whether it is planning for retirement, saving for college, or getting a comprehensive financial plan in place, they can help. With over a decade of industry experience, they are committed to helping clients pursue their financial goals. Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.

  • Estate Planning
  • Tax Planning
  • Investment Management
  • Certified Financial Planner (CFP)
  • Retirement Planning
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Somerville, MA
Free Consultation

Expertise.com Rating

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.

  • Estate Planning
  • Retirement Planning
  • Financial Planning
  • Investment Management

One International Place, Suite 770, Boston, MA 02110

Expertise.com Rating

Why choose this provider?

Birch Hill Investment Advisors handles financial services in Somerville. It addresses issues such as retirement planning, college costs, elderly care, and the security of succeeding generations in managing and investing its clients’ money. It considers their personal circumstances, risk tolerance, and long-term and short-term goals and develops growth-oriented investment portfolios. The company was established in 2007. President and founder Gary Mikula is a Chartered Financial Analyst. He has over 40 years of experience in investment management.

  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Retirement Planning

200 Fifth Ave. 7th Floor, Waltham, MA 02451

Expertise.com Rating

Review Sources

Google
4.0 (2)

Why choose this provider?

Argent Wealth Management, LLC, handles financial matters in the Somerville metro. It provides integrated wealth management solutions regarding estate, investment, financial, retirement, and tax planning. It also helps clients create strategies to achieve their financial goals by executing a four-step process. This includes onboarding clients, planning solutions, reviewing plans, and managing discretionary investment or monitoring plans. The business has been in the industry for over 30 years. It caters to individuals, families, executives, and business owners.

  • Financial Planning

22 Hilliard Street, Cambridge, MA 02138

Expertise.com Rating

Why choose this provider?

Pinney & Scofield is a group of financial advisors serving the community of Somerville. The Cambridge-based firm specializes in financial planning and portfolio management. Its services include risk management review, estate planning, cash flow analysis, and asset allocation. Its team of professionals is also knowledgeable about tax strategies and provides clients with insurance coverage recommendations. The company has been helping individuals and families plan their future and achieve their financial goals for more than 30 years.

  • Estate Planning
  • Tax Planning
  • Certified Financial Planner (CFP)

888 Boylston Street, Boston, MA 02199

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

SCS Financial is a wealth and investment management firm serving Somerville and surrounding communities. Since 2002, it has been providing a wide range of services that assist individuals and families with investing and daily living. These include strategic financial planning, portfolio risk management, asset allocation, income tax planning, and counsel on the development of philanthropic strategies. The firm's CEO and co-founder, Antony J. Abbiati, has more than 22 years of experience in the investment industry.

  • Certified Financial Planner (CFP)
  • Chartered Financial Analyst (CFA)

One Liberty Square, Suite 500, Boston MA, MA 02109

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Why choose this provider?

Crestwood Advisors offers financial advice and guidance to clients in the Somerville metro. The wealth advisory firm takes into account its clients' financial goals, risk tolerance, and obligations, offering a customized course of action and educating them on factors that affect finances such as market and economic developments. It helps clients with long-term investments, estate and trust planning, philanthropy, and emerging wealth. The firm's clientele ranges from professionals to entrepreneurs. Partner and wealth manager Aaron M. Beltrami joined the firm in 2008.

  • Certified Financial Planner (CFP)

60 Walnut Street Suite 101A, Wellesley, MA 02481

Expertise.com Rating

Review Sources

Google
5.0 (175)

Why choose this provider?

Balance Wealth Advisors provides discretionary investment strategies and personalized financial advice to individuals, high net worth clients, or families in the Somerville metro. Its team of advisors guides them in developing plans that allow them to achieve financial confidence until retirement. One of its financial advisors, Leo White, focuses on providing understandable solutions to their client's financial concerns. He earned the Certified Long Term Care­­­­ and Chartered Retirement Planning Counselor designations in 2015 and 2016, respectively.

  • Financial Planning

1408 Centre St, Boston, MA 02131

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Balanced Rock Investment Advisors serves clients throughout the Somerville community. It offers financial planning services, including retirement planning, investment asset allocation, values-based investing, education and financial aid planning, and real estate planning. It also assists clients with budgeting, debt planning, and periodic portfolio rebalancing. Wealth management services are also provided by its team. As a registered investment advisor firm, it acts as a fiduciary and develops customized plans for its clients. Daniel M. Flannery, president and portfolio manager, holds a CFA designation.

346 Commercial Street, Boston, MA 02109

Expertise.com Rating

Review Sources

Facebook
4.8 (30)
Google
5.0 (11)

Why choose this provider?

Concierge Wealth Management is a financial advisory and planning firm serving individuals, families, and businesses in Somerville. It was established in 2010 and has been catering to the wealth management needs of women, retirees, and business owners since. It is headed by Julian B. Morris, a Certified Financial Planner and an Accredited Asset Management Specialist. Concierge Wealth Management gives back to the community by donating to organizations like Operation Smile. It also joins local groups like the Boston Young Professionals Association.

  • Financial Planning

245 First Street Suite 1800, Cambridge, MA 02142

Expertise.com Rating

Why choose this provider?

Fisher Financial Strategies (FFS) provides financial advisory services to clients in Somerville. It helps with charitable giving planning, risk management, cash flow planning, investment planning, and estate planning. The firm also offers college planning services that implement relevant financial strategies to assist families in reducing college costs, and it has partnered with Collegiate Funding Solutions (CFS) for the program. FFS founder Thomas A. Fisher is affiliated with The National Association of Personal Financial Advisors and The Garrett Planning Network.

  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Retirement Planning

One Broadway, 14th Floor, Cambridge, MA 02142

Why choose this provider?

East Horizon Investments is an investment advisory firm serving clients in Somerville. The firm specializes in portfolio construction, asset allocation, and wealth management services. It offers client-centric financial analysis, and its services include retirement plans, educational planning, and traditional equity and fixed-income investments. Chief Investment Officer Eric Uchida Henderson has over two decades of investing experience and was featured in The Asia Wall Street Journal. East Horizon Investments has also been featured at the MIT Sloan Asia Business Conference.

  • Retirement Planning

1 Beacon St Fl 25, Boston, MA 02108

Why choose this provider?

Power 10 Advisory Partners offers financial planning to the locals of Somerville. The team crafts plans that are tailored with a range of financial options and strategies designed to help clients reach their financial objectives. Additionally, the client is provided a real-time digital plan where they can track goals and the progress they've made. Other services it offers span programs concerning disability income, long-term care, and life insurance. Father-and-daughter duo Ralph and Cassie Rotman founded the firm.

  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Retirement Planning

800 Boylston St, Boston, MA 02199

Expertise.com Rating

Why choose this provider?

Serving the Somerville area, Ropes Wealth Advisors helps individuals navigate their finances. The firm assists families and institutions in building their wealth through comprehensive financial planning. It involves analyzing a client’s financial picture to implement action-oriented and fluid strategies. Its team of professionals also offers wealth management services, including estate planning and philanthropy advising. Their investment approach also involves minimizing risks through asset allocation and continuous monitoring. Chief economist Michelle A. Knight has been featured on Bloomberg and Forbes.

  • Certified Financial Planner (CFP)

255 State Street, 6th Floor, Boston, MA 02109

Expertise.com Rating

Why choose this provider?

Boston Financial Management delivers financial solutions to individuals, families, businesses, and organizations in Somerville and the neighboring communities. The firm offers wealth management and estate and financial planning services that include transparent reporting, estate plan analysis, and charitable giving. It reviews clients' trust documents and handles fiduciary oversight and responsibilities. An independent financial advisor, BFM is registered with the Securities & Exchange Commission. Richard H. Morse established the wealth advisory and investment management firm in 1967. He is a former director of North American Instrument Corporation.

  • Business Formation

160 Gould Street, Ste 310, Needham, MA 02494

Expertise.com Rating

Review Sources

Facebook
5.0 (15)
Google
4.0 (4)
Yelp
2.0 (4)

Why choose this provider?

The Bulfinch Group offers guidance to individuals, families, and establishments in Somerville in building and preserving their wealth. It reviews every client's financial position and develops a plan that addresses specific goals and concerns, such as security and estate organization for families. The agency's business planning services include retirement planning and key employee insurance. Its representatives further assist in the implementation, monitoring, and analysis of financial plans. The Bulfinch Group gives back to the community through its own organization, The Bulfinch Group Charitable Foundation.

  • Chartered Financial Analyst (CFA)
  • Finance Planning

10 Post Office Square 8th Floor, Boston, MA 02109

Expertise.com Rating

Review Sources

Google
5.0 (4)

Why choose this provider?

Solari Financial Planning is a two-person team firm that serves clients in Somerville. It offers financial, retirement, and investment planning services to individuals and families with a focus on helping them make the best decisions that will allow them to secure their financial goals. The team works with its clients in developing comprehensive plans and solutions to address their financial problems. Michael Solari, who earned his CFP designation, has been featured in publications like The Wall Street Journal and InvestmentNews.

  • Finance Planning

115 Newbury Street, Suite 302, Boston, MA 02116

Expertise.com Rating

Why choose this provider?

Artemis Financial Advisors LLC is an independent fiduciary firm that helps clients in Somerville with their financial concerns. The company assists in investing, taxes, and insurance matters. Its financial planning, sustainable investing, and wealth management services are suited for individuals and couples planning for their future and finances. It has women and wealth programs designed to assist single breadwinners, executives, mothers, or recent divorcees. CEO Leigh Bivings is a member of NAPFA, Boston Estate Planning Council, and the Institute of Divorce Financial Analysts.

  • Certified Financial Planner (CFP)

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
Cedar Hill Financial Group, LLC
67 Forest St, Suite 271, Somerville, MA 01752Complimentary Consultation
SmartAdvisor by SmartAsset
Somerville, MAFree Consultation
Birch Hill Investment Advisors
One International Place, Suite 770, Boston, MA 02110
Argent Wealth Management, LLC
200 Fifth Ave. 7th Floor, Waltham, MA 02451
Pinney & Scofield
22 Hilliard Street, Cambridge, MA 02138
SCS Financial
888 Boylston Street, Boston, MA 02199
Crestwood Advisors
One Liberty Square, Suite 500, Boston MA, MA 02109
Balance Wealth Advisors
60 Walnut Street Suite 101A, Wellesley, MA 02481
Balanced Rock Investment Advisors
1408 Centre St, Boston, MA 02131
Concierge Wealth Management
346 Commercial Street, Boston, MA 02109
Fisher Financial Strategies
245 First Street Suite 1800, Cambridge, MA 02142
East Horizon Investments
One Broadway, 14th Floor, Cambridge, MA 02142
Power 10 Advisory Partners
1 Beacon St Fl 25, Boston, MA 02108
Ropes Wealth Advisors
800 Boylston St, Boston, MA 02199
Boston Financial Management
255 State Street, 6th Floor, Boston, MA 02109
The Bulfinch Group
160 Gould Street, Ste 310, Needham, MA 02494
Solari Financial Planning
10 Post Office Square 8th Floor, Boston, MA 02109
Artemis Financial Advisors LLC
115 Newbury Street, Suite 302, Boston, MA 02116

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.

  • What expertise can AIF-certified advisors offer to the people of Somerville?

    Accredited Investment Fiduciary certified advisors offer individuals in Somerville an in-depth knowledge of fiduciary duties. To achieve this certification, they complete rigorous training on fiduciary standards at the Center for Fiduciary Studies, including passing a comprehensive exam covering 27 Prudent Investment Practices. Furthermore, they commit to ongoing professional development to stay informed about industry updates, ensuring relevant and current advice for clients.

  • Why is it essential for Somerville citizens to consider financial advisor certifications?

    It is essential for Somerville citizens to consider the certifications held by financial advisors as they guarantee an extensive understanding of investment guidance and financial plan development. Accredited financial experts have a duty to serve their client's interests first, ensuring financial plans are tailor-made to fit their goals. Furthermore, they are required to undergo continuing education, ensuring they remain current with financial industry changes.

  • What kind of financial professional should Somerville residents consider hiring during a divorce?

    For those in Somerville going through the strenuous process of divorce, particularly if considerable marital assets or high earnings are involved, it could be beneficial to engage a Certified Divorce Financial Analyst. These experts deliver crucial guidance on effective budgeting, potential tax consequences following a divorce, and the wise preservation of assets. Their specialized counsel significantly eases the financial intricacies associated with a divorce, serving as an essential aid during such challenging times.

  • What should widows in Somerville consider when inheriting a retirement account?

    For widows in Somerville inheriting a retirement account, conferring with their financial advisor and attorney is essential. Updated rules mean that mandatory distributions from these accounts don't commence until the age of 73 if the deceased spouse was born between 1951-1959. Consider current and future financial needs, especially if the spouse passes away before age 59 1/2. If unnecessary assets are inherited, disclaiming them within nine months of the spouse's passing could be discussed.

  • What are the benefits of engaging with independent financial advisors in Somerville?

    Working with independent financial advisors in Somerville yields multiple advantages. They take the initiative to understand individual clients, their families, and their values, thus aligning financial strategies with personal goals. With their guidance, individuals can prevent potentially expensive oversights, such as high investment expenses and overlooked tax deductions. Moreover, independent financial advisors are experienced in managing various financial responsibilities like retirement provisions, educational expenses for children, and significant purchases, paving the way for enduring financial health.

  • 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.