Best Financial Advisors in Augusta, ME

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List of Firms

Augusta, ME Fiduciary Financial Advisors

maine center for wealth management
Location 21 Western Ave, Augusta, ME 04330, USA
Phone (207) 622-7625
Language http://www.mcwm-advisors.com/contact
Directions
Maine Center for Wealth Management, LLC
Location 6 E, E Chestnut St Suite L03, Augusta, ME 04330, USA
Phone (207) 622-7625
Language http://www.mcwm-advisors.com/
Directions
Scott Upham - Cribstone Capital Management
Location 7 N Chestnut St, Augusta, ME 04330, USA
Phone (207) 844-2000
Language http://www.cribstonecapital.com/
Directions
IIS Financial Services - Financial Advisors
Location 45 Memorial Cir #104, Augusta, ME 04330, USA
Phone (207) 623-8421
Language http://www.iisfinancial.com/
Directions
Cumberland Securities Corporation
Location 83 Edison Dr, Augusta, ME 04330, USA
Phone (207) 623-3521
Directions
Financial Advisors in Augusta, ME

Where Certified Financial Advisors in Augusta, ME Serve

Augusta, the capital of Maine, is a city that boasts a rich history and a vibrant present. The city is home to several landmarks, including the Maine State House, the Blaine House, and the Old Fort Western. Augusta is also known for its top employers, which include MaineGeneral Health, the State of Maine, and the Augusta School Department. Major highways and streets in Augusta include Interstate 95, Route 3, and Western Avenue. The city is divided into several neighborhoods, including the Downtown, the East Side, and the West Side, each with its own unique character and charm. With its mix of history, culture, and modern amenities, Augusta is a city that has something to offer everyone.

Services Provided by Fee Based and Fee Only Financial Advisors

Banks and Credit Unions

Residents of Augusta, ME can benefit greatly from the expertise of a financial advisor. One of the most common ways a financial advisor can help is by providing guidance on retirement planning. With a large number of residents in Augusta nearing retirement age, it's important to have a solid plan in place to ensure financial stability during this phase of life. Additionally, a financial advisor can provide advice on budgeting and debt management, which can be especially helpful for those living in a state with a higher cost of living like Maine. Overall, a financial advisor can offer valuable insights and strategies to help residents of Augusta, ME achieve their financial goals and secure their financial future.

Insurance Broker

Residents of Augusta, ME can benefit greatly from the services of an insurance broker. One of the most common ways an insurance broker can help is by finding the best insurance policies for the specific needs of the residents. For example, Augusta is known for its harsh winters, and an insurance broker can help residents find the best policies to protect their homes and vehicles from damage caused by snow and ice. Additionally, an insurance broker can help residents navigate the complex world of health insurance, finding policies that meet their needs and budget. In a city like Augusta, where the cost of living is higher than the national average, an insurance broker can help residents save money on insurance premiums while still getting the coverage they need.

Retirement Planning

Residents of Augusta, ME could benefit greatly from the services of a retirement planner. A retirement planner can help individuals in Augusta, ME develop a financial plan that takes into account their current financial situation and their future goals. Specifically, Augusta, ME has a large population of retirees and those approaching retirement age. A retirement planner can help these individuals navigate the complexities of retirement planning, including determining the best time to retire, creating a budget, and managing retirement savings. Additionally, a retirement planner can help residents of Augusta, ME navigate the unique tax laws and regulations in Maine, ensuring that they are maximizing their retirement savings and minimizing their tax burden. Overall, a retirement planner can provide invaluable guidance and support to residents of Augusta, ME as they plan for their retirement years.

Wealth Management

Residents of Augusta, ME can benefit from the expertise of a wealth manager in several ways. One of the most common ways is by receiving guidance on how to maximize their savings and investments. A wealth manager can help residents in Augusta, ME create a personalized financial plan that takes into account their unique goals and circumstances. Additionally, a wealth manager can provide advice on tax planning strategies, retirement planning, and estate planning. For example, many residents in Augusta, ME may have specific concerns about estate planning due to the state's complex probate laws. A wealth manager can help navigate these issues and ensure that their clients have a comprehensive plan in place. Ultimately, a wealth manager can provide residents in Augusta, ME with peace of mind knowing that their finances are in good hands.

Mortgage Loan Officer

Residents of Augusta, ME would greatly benefit from the expertise of a mortgage loan officer. Buying a home is a significant investment, and navigating the complex world of mortgages can be overwhelming. A mortgage loan officer can help residents understand the various types of loans available and guide them through the application process. In Augusta, where the median home value is $152,000, a loan officer can also assist residents in securing a loan that fits their budget and financial goals. Additionally, they can help residents understand the local real estate market and connect them with trusted real estate agents. With the help of a mortgage loan officer, residents of Augusta can feel confident in their home buying decisions and achieve their dream of homeownership.

Tax Services

Residents of Augusta, ME can benefit greatly from the expertise of a tax advisor. One of the most common ways they can be helped is through understanding and navigating the complex tax laws and regulations in Maine. For example, residents of Augusta may be eligible for certain tax credits or deductions specific to the state, such as the Maine Property Tax Fairness Credit or the Maine Education Opportunity Tax Credit. A tax advisor can also assist with filing taxes correctly and on time, avoiding penalties and maximizing refunds. With the help of a tax advisor, residents of Augusta can feel confident in their tax planning and compliance, allowing them to focus on other important aspects of their lives.

Estate Planning Lawyer

Residents of Augusta, ME can benefit greatly from the services of an estate planning lawyer. One of the most common ways an estate planning lawyer can help is by creating a will. This legal document outlines how a person's assets will be distributed after their death and can help avoid disputes among family members. Additionally, an estate planning lawyer can assist with setting up trusts, which can protect assets and minimize taxes. In Augusta, ME specifically, an estate planning lawyer can also help with planning for long-term care, such as setting up a Medicaid trust. This can be especially important for older residents who may need to rely on Medicaid to cover the costs of nursing home care. Overall, an estate planning lawyer can provide peace of mind and ensure that a person's wishes are carried out after their passing.

FREQUENTLY ASKED QUESTIONS

FAQs About Personal Financial Advisors in Augusta, ME

A financial advisor in Augusta, ME can provide a range of services to help individuals and businesses make informed financial decisions. From retirement planning to investment management, these professionals have the expertise to guide clients towards financial success. One specific aspect of Augusta, ME that financial advisors must consider is the impact of the city's aging population on retirement planning. With a median age of 44.5 years, Augusta's residents face unique challenges when it comes to saving for retirement and managing their finances in later years. A skilled financial advisor can help clients navigate these challenges and create a plan that ensures a comfortable retirement while also accounting for potential healthcare costs and other expenses. Whether you're a young professional just starting out or a retiree looking to make the most of your savings, a financial advisor in Augusta, ME can provide the guidance and support you need to achieve your financial goals.

Augusta, ME is the prime location to seek financial advising due to its thriving economy and diverse financial institutions. As the capital city of Maine, Augusta is home to a plethora of banks, credit unions, and financial advisory firms that cater to the unique financial needs of its residents. Additionally, Augusta's close proximity to major metropolitan areas like Boston and New York City allows for easy access to a wider range of financial resources and expertise. Furthermore, Augusta's strong community ties and commitment to supporting local businesses make it an ideal location for individuals seeking personalized financial advice from professionals who truly understand the local economy. Whether you are a first-time investor or a seasoned entrepreneur, Augusta's financial advisors have the expertise and resources to help you achieve your financial goals and secure a prosperous future.