Salem, MA Financial Advisors and Resources



Financial Advisor Firms in Salem, MA


CABOT WEALTH MANAGEMENT

Website

(978) 745-9233

216 Essex Street

Salem, MA 1970

SEC#: 801-19708
Years in Business: 38 years

BECK BODE LLC

Website

(603) 896-6400

103 Stiles Road
Suite 203
Salem, MA 3079

SEC#: 801-107188
Years in Business: 5 years

FLAGSHIP HARBOR ADVISORS, LLC

Website

(978) 594-8828

11A Derby Square

Salem, MA 1970

SEC#: 801-71997
Years in Business: 10 years

FLAGSHIP HARBOR ADVISORS, LLC

Website

(978) 594-8828

11A Derby Square

Salem, MA 1970

SEC#: 801-71997
Years in Business: 10 years


How Retirement-Friendly is Salem, MA?

  • Population: 43,252
  • % of Population 62 Years and Over: 19.5%
  • Average Home Value: $366,100
  • Average Monthly Housing Cost: $1,472
  • Average Household Income: $87,095
  • Massachusetts Total Tax Burden: 8.77% (20th Highest in U.S.)
  • Massachusetts Property Tax: 3.57% (13th Highest in U.S.)
  • Massachusetts Individual Income Tax: 3.29% (6th Highest in U.S.)
  • Massachusetts Sales and Excise Tax: 1.91% (6th Lowest in U.S.)


Salem, MA Financial Advisor FAQs

First, look for someone with the CERTIFIED FINANCIAL PLANNER® designation. Certified Financial Planners®, unlike many other certifications in the industry, require both academic education and work experience before granting certification. They also abide by an ethical standard that mandates impartiality in providing advice and must act in their clients' best interests over their own.
For best results, you should do your own background research before meeting with any potential advisors. With that being said, there are some traits that provide good indications of whether or not an advisor will be able to help you reach your goals.
A financial adviser can charge anywhere from $40 to $170 for an hourly meeting depending on the complexity and difficulty of your personal situation. These fees may sound like a lot but they're often comparable to those charged by other professionals such as lawyers, accountants, dentists and therapists.
A financial advisor's job can vary depending on the type of financial service provided to a client. RIA are most appropriate for people with significant assets that have an interest in long-term wealth management or who need comprehensive tax advice (). Broker-dealers provide less personalized service but often at lower costs ().