Wealth Management in New Bedford, MA

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List of Firms

New Bedford, MA Wealth Management Firms

Fraga Wealth Management Group
Location 10 Commerce Way, Raynham, MA 02767, USA
Phone (508) 824-3922
Language http://www.fragawealth.com/
Directions
Barry Investment Advisors
SEC File# 801-68447
CRD# 144955
Location 128 Union St #507, New Bedford, MA 02740, USA
Phone (888) 992-8601
Language http://www.barryinvestmentadvisors.com/
Directions
Wealth Management in New Bedford, MA

Where Wealth Management Advisors in New Bedford, MA Serve

New Bedford, MA is a bustling city with a rich history and vibrant culture. It is home to many iconic landmarks, such as the New Bedford Whaling Museum and the Seamen's Bethel, which pay tribute to the city's maritime heritage. Additionally, New Bedford boasts a thriving arts scene, with galleries and performance spaces scattered throughout the downtown area. Top employers in the city include Acushnet Company, which produces golf equipment, and Southcoast Health, a healthcare provider. Major highways that run through New Bedford include Interstate 195 and Route 140, making it easily accessible from surrounding areas. The city is divided into several distinct neighborhoods, each with its own unique character. The North End is known for its Portuguese culture, while the South End is home to many historic buildings and landmarks. The West End is a more residential area, with tree-lined streets and quiet neighborhoods. Overall, New Bedford is a diverse and dynamic city that offers something for everyone.

Services Provided by Wealth Management Companies

Banks and Credit Unions

Residents of New Bedford, MA can benefit from a bank in numerous ways. One of the most common ways is through access to financial services, including checking and savings accounts, loans, and credit cards. However, banks can also provide specific assistance to New Bedford residents, such as supporting local businesses that contribute to the city's economy. New Bedford is home to a thriving fishing industry, and banks can help fishermen and seafood processors secure loans for equipment and expansion. Additionally, banks can offer financial education and resources to help residents manage their money and plan for their future. With a large population of low-income individuals, banks can play a vital role in promoting financial stability and upward mobility in New Bedford. Overall, banks can serve as a valuable resource for residents of this vibrant and diverse city.

Insurance Broker

Residents of New Bedford, MA could greatly benefit from the services of an insurance broker. With the city's high poverty rate and prevalence of natural disasters, it is crucial for residents to have adequate insurance coverage. An insurance broker could help individuals navigate the complex world of insurance policies and find the best coverage for their specific needs. For example, with the city's proximity to the ocean, residents may want to consider flood insurance, which can be a confusing and overwhelming process to navigate alone. Additionally, an insurance broker could assist residents in finding affordable healthcare coverage, which is especially important in a city with a large population of low-income individuals. By working with an insurance broker, residents of New Bedford can ensure that they have the necessary coverage to protect themselves and their families in the event of an unexpected event.

Retirement Planning

Residents of New Bedford, MA could greatly benefit from the services of a retirement planner. With a population of over 95,000 people, the city has a diverse range of individuals with unique financial situations. A retirement planner could assist in developing a personalized retirement plan that takes into account factors specific to New Bedford, such as the city's high cost of living and the prevalence of fishing and seafood industries. Additionally, the planner could help residents navigate the complex world of social security and Medicare, which can be especially daunting for those who have worked in physically demanding jobs, such as fishing or manufacturing. By creating a comprehensive plan that considers all aspects of their financial future, New Bedford residents can feel confident in their ability to retire comfortably and enjoy their golden years.

Financial Advisor

Residents of New Bedford, MA can benefit greatly from the guidance of a financial advisor. With the city's economy being heavily reliant on the fishing industry, a financial advisor can help individuals navigate the fluctuations and uncertainties of this market. Additionally, the city has a large population of Portuguese immigrants, who may face unique financial challenges such as language barriers and cultural differences in financial practices. A financial advisor can provide personalized advice and education to help these individuals make informed decisions about their finances. Furthermore, with New Bedford being a coastal city, residents may have specific financial needs related to potential natural disasters and insurance coverage. A financial advisor can assist in creating a comprehensive plan to protect against these risks. Overall, a financial advisor can provide valuable support to New Bedford residents in achieving their financial goals and navigating the unique challenges of their community.

Mortgage Loan Officer

Residents of New Bedford, MA can benefit from the services of a mortgage loan officer in several ways. Firstly, the officer can assist in finding the best mortgage rates and terms for residents looking to purchase a home in the city. With a population of over 90,000, New Bedford is a bustling city with a diverse housing market, and navigating the complexities of home buying can be daunting. A mortgage loan officer can simplify the process and help residents make informed decisions. Additionally, the officer can help residents with refinancing their existing mortgages, which can be particularly beneficial for those struggling to make their monthly payments. With its strong fishing industry and growing tourism sector, New Bedford is a city on the rise, and a mortgage loan officer can help residents take advantage of its many opportunities.

Tax Services

Residents of New Bedford, MA can greatly benefit from the expertise of a tax advisor. With the city's strong fishing industry and growing tourism sector, tax laws and regulations can become quite complex, making it difficult for individuals and businesses to navigate on their own. A tax advisor can provide guidance on deductions and credits specific to the city, such as those related to the purchase of fishing equipment or investments in local historical landmarks. Additionally, New Bedford has a large immigrant population, many of whom may be unfamiliar with U.S. tax laws. A tax advisor can assist these individuals in understanding their tax obligations and avoiding penalties. Overall, a tax advisor can help residents of New Bedford save money, avoid legal issues, and better understand the intricacies of the tax system.

Estate Planning Lawyer

Residents of New Bedford, MA can benefit from the expertise of an estate planning lawyer in various ways. One of the most common ways is by creating a comprehensive estate plan that ensures their assets are distributed according to their wishes. This is particularly important in New Bedford, which has a rich history and a diverse population. An estate planning lawyer can help residents navigate the complexities of state and federal laws, as well as local regulations, to ensure that their assets are protected and their wishes are honored. They can also provide guidance on issues such as trusts, wills, and probate, which can be particularly complex in New Bedford due to its large immigrant population. Additionally, an estate planning lawyer can help residents minimize their tax liabilities, which can be especially important given the high cost of living in the area. Overall, the services of an estate planning lawyer can provide peace of mind and financial security to residents of New Bedford, MA.

New Bedford, MA Financial Resources

New Bedford, MA Chamber of Commerce

https://onesouthcoast.com/

New Bedford, MA City Hall

https://www.newbedford-ma.gov/

New Bedford, MA Public Library

https://www.newbedford-ma.gov/library/locations/main-library/

FREQUENTLY ASKED QUESTIONS

Comprehensive Wealth Management FAQs

A wealth manager in New Bedford, MA can provide a range of services to help individuals and families manage their assets and achieve their financial goals. These services may include investment management, retirement planning, estate planning, tax planning, and risk management. In a city with a rich history of fishing and textile manufacturing, a skilled wealth manager can help clients navigate the complexities of wealth management in industries that are constantly evolving and adapting to changing economic conditions. By staying up-to-date on the latest trends and developments in the financial world, a wealth manager in New Bedford can help clients make informed decisions and maximize their financial potential. Whether you're looking to grow your wealth, protect your assets, or plan for the future, a wealth manager can provide the guidance and expertise you need to achieve your goals.

New Bedford, MA is an ideal location to secure a top-notch wealth manager. With its rich history as a thriving whaling port and current status as a bustling fishing community, New Bedford has a unique economy that requires a wealth manager with a deep understanding of the local industries. The city's diverse population and range of income levels also demand a wealth manager who is adept at tailoring their services to meet the needs of each individual client. In addition, New Bedford's proximity to Boston and other major financial centers provides access to a wealth of resources and expertise. A skilled wealth manager in New Bedford can help clients navigate the complexities of wealth management, from tax planning to investment strategies, with the local knowledge and personalized attention that only a small city can offer.