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Find Top Wealth Advisors Near Me | Expert Guidance

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Kenneth Keith
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Did you know that working with a financial advisor could boost your investment returns by 1.5% to 4%? This shows how much a skilled wealth advisor can help grow your money. It’s key to find the right advisor for your financial journey. This article will help you find and check out top advisors near you.

We’ll cover what a wealth advisor does and why working with a local firm is good. You’ll learn how to pick the best one for you. We’ll also look at top wealth management companies in Michigan and their services. This guide aims to help you find the top wealth advisors near me to meet your financial goals.

Key Takeaways

  • Wealth advisors can significantly increase investment returns by 1.5% to 4%.
  • Finding the right local wealth advisor is crucial for financial security and growth.
  • Wealth advisors offer personalized financial planning, asset management, and specialized services.
  • Evaluating wealth advisors based on credentials, fee structure, and fiduciary responsibility is important.
  • Researching top wealth management firms in your area can help identify the best fit for your needs.

What Are Wealth Advisors?

Wealth advisors, also known as financial advisors or wealth managers, help clients reach their financial goals. They look at a client’s financial situation, risk level, and goals. Then, they create plans to grow and protect the client’s wealth.

Roles and Responsibilities of a Wealth Advisor

A wealth advisor’s main jobs include:

  • Financial planning and investment management: They make and manage investment portfolios to help clients meet their financial goals.
  • Retirement planning: They plan for retirement to make sure clients have enough money and assets for their desired lifestyle.
  • Estate planning: They arrange clients’ assets to cut down on taxes and make sure wealth passes smoothly to their loved ones.
  • Tax planning: They use strategies to help clients with their taxes.
  • Insurance needs analysis: They check clients’ insurance and suggest the right policies.

Types of Wealth Management Services

Wealth advisors provide many financial services, such as:

  1. Wealth management services: They offer full financial planning and investment management to help clients reach their long-term goals.
  2. Financial planning services: They create tailored financial plans for clients, covering retirement, estate, and tax planning.
  3. Investment management: They make and manage investment portfolios based on clients’ risk tolerance and goals.
  4. Retirement planning: They design plans to ensure clients have enough money and assets for retirement.
  5. Estate planning: They set up clients’ assets to reduce taxes and ensure wealth passes smoothly to their heirs.
  6. Tax planning: They use strategies to improve clients’ tax situation.
  7. Insurance needs analysis: They check clients’ insurance and suggest the right policies.

With a wealth advisor’s help, clients get a full approach to managing their finances and reaching their long-term goals.

Why Hire a Local Wealth Advisor?

Working with a local wealth advisor can give you big benefits over big firms. They know the local scene well, which helps your money grow.

Personalized Financial Planning

Local advisors tailor plans just for you. They know your needs, goals, and likes. This means they create plans that fit you perfectly.

Big firms can’t offer this personal touch. They use the same plan for everyone.

Understanding Local Economic Factors

Local advisors know the local economy inside out. They understand market trends and laws. This helps them make plans that work for you.

They keep an eye on local issues and chances. This helps you make the most of where you live.

Choosing a local advisor means getting personal care and understanding. You get to see them in person and know how local things affect your money. This is key to reaching your financial goals.

wealth advisors near me

Searching for “wealth advisors near me” or “financial advisors near me” brings up many options. You’ll see a list of wealth management firms and financial planning pros in your area. It can be hard to pick the right one, with so many things to think about. You need to look at their credentials, fees, investment style, and services.

Looking for a local financial advisor can be easier with online services or finance groups. They match you with financial pros in your area that fit your needs and likes. This saves time and makes sure you work with someone who’s right for your financial goals and situation.

Online Advisor Matching Services

  • Zoe Financial charges network advisors an annual fee ranging from 0.50% to 1.50% of assets under management.
  • Harness Wealth advisors typically charge around 1% of assets under management.
  • Wealthramp matches clients with up to three advisors based on specific criteria.
  • Facet offers a flat-fee service model rather than a percentage of assets under management.

Professional Finance Advisor Organizations

  1. The Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA) are two big groups. They connect people with financial planners in my area who follow strict ethics.
  2. The XY Planning Network offers virtual services and works on a commission-free basis.
  3. CHIP focuses on matching clients with Black, Hispanic, and Latinx investment management firms nearby.

Aside from online tools, asking friends, family, or people you trust can help find a suitable financial advisor. By doing your homework and comparing options, you can pick a wealth advisor who meets your financial needs and goals.

“Finding the right wealth advisor can make a big difference in your finances. It’s key to find someone who shares your values and can help you reach your goals.”

How to Find Top Wealth Advisors in Your Area

Finding the right wealth advisor can seem tough, but there are ways to make it easier. Online financial advisor matching services are a great option. They ask you about your financial goals and what you’re looking for in an advisor. Then, they suggest top advisors near you.

Online Advisor Matching Services

Top online services like Zoe Financial, Harness Wealth, Wealthramp, and Facet can help. They check advisors to make sure they are fiduciaries, meaning they work for you. You’ll get info on their skills, services, and how much they charge.

Professional Finance Advisor Organizations

Looking into professional groups can also help you find great advisors. Check out the CFP Board, Financial Planning Association (FPA), Association of African American Financial Advisors (AAAA), and National Association of Personal Financial Advisors (NAPFA). These groups have directories of advisors you can search by location and services.

These groups also have strict rules for joining. For example, they often require a Certified Financial Planner (CFP) certification. This means you’re working with advisors who are serious about doing what’s best for you.

“Finding the right wealth advisor can make a big difference in your finances. Take your time to look around and choose wisely to make sure you’re with someone trustworthy and right for you.”

Evaluating Potential Wealth Advisors

Choosing a wealth advisor is a big step. You need to check their credentials, fees, and how they invest. Doing your homework helps pick someone who can meet your financial goals.

Credentials and Certifications

Look at the advisor’s credentials and certifications first. The Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA) are top honors. These mean they know a lot about managing money and planning for the future.

Make sure your advisor is a fiduciary. This means they work for you, not for themselves. They must tell you about any conflicts of interest and be clear about their fees and how they invest.

Fee Structure and Investment Approach

Check how the advisor gets paid and their investment style too. Fee-only advisors don’t earn commissions, which means less chance of bias. It’s important to know how they put together investment portfolios. This includes their asset allocation strategies and portfolio management techniques.

Looking at an advisor’s credentials, being a fiduciary, fees, and investment style helps you decide if they’re right for you. They should help you reach your financial dreams.

“The average American incurs a cost of $1,500 per year due to a lack of personal finance knowledge according to the National Financial Educators Council.”

Top Wealth Management Firms in Michigan

Finding the right wealth advisor in Michigan is key. Look for leading financial advisory firms in the state. These firms focus on personalized financial planning and investment management. They help clients grow and protect their assets.

These firms were picked based on their assets under management, client focus, services, and reputation. Working with these firms means you’re with a team of skilled and experienced advisors. They focus on your financial needs and goals.

Firm Total Assets Under Management Minimum Investment
Plante Moran Financial Advisors $16,742,515,079 No minimum
Schwartz & Co. $6,330,452,360 No minimum
Advance Capital Management, Inc. $4,895,142,868 $100,000
Zhang Financial Over $4.7 billion $500,000
Mainstay Capital Management, LLC $3,438,979,205 $200,000
Rehmann Financial $2,654,226,463 No minimum
Schechter Investment Advisors, LLC $1,853,021,481 $100,000
NPF Investment Advisors $1,441,780,512 No minimum
Executive Wealth Management, LLC $1,177,510,126 No minimum

These top wealth management firms in Michigan are dedicated to their clients. They offer a wide range of financial planning and investment management services. By choosing these leading financial advisory firms in Michigan, you’re working with the best wealth advisors in Michigan. They have the skills and resources to help you reach your financial goals.

Plante Moran Financial Advisors: A Leading Firm

Plante Moran Financial Advisors (PMFA) is a top wealth management firm in Southfield, Michigan. It works with individuals, charities, companies, and families. For over 100 years, PMFA has been a trusted name in the field.

Services and Investment Strategy

PMFA offers many wealth management services like investment management and financial planning. They also do estate planning and tax consulting. The team uses mutual funds, ETFs, and other investments to build client portfolios.

They have a team of experts with certifications in finance. These experts use special models to find good investment opportunities. This helps them spot when things are too expensive or too cheap.

Company Culture and Awards

PMFA stands out for its focus on skill, experience, and a great work culture. It’s been named one of the “100 Best Companies to Work For” by Fortune for 26 years. This shows how much they care about their employees.

They’re also on lists like Accounting Today’s top RIA firms and Forbes’ Best-in-State Wealth Advisors. This proves their quality and success in the industry.

Client Service and Reach

PMFA has over 170 professionals helping clients in 31 states with $19.4 billion in assets. They’re known for their personal touch and teamwork. This approach has made them a top choice in wealth management.

Schwartz & Co.: A Fee-Based Practice

Schwartz & Co. is a fee-based wealth management firm in Bloomfield Hills, Michigan. They work with individuals, corporations, pension plans, and charities. This means they help people with and without a lot of money.

The firm started in 2004 and has 22 advisors across 24 states. They manage $7.7 billion for 1,241 clients, which is a 1:56 advisor/client ratio. The average client has about $6.2 million with them.

Each client gets a custom fee plan, but it’s capped at 1.50% of their assets. They offer financial planning and portfolio management. Often, they do both for clients.

The firm has a clean record with no disciplinary alerts and 5 conflict alerts. You can find them at 3707 W. Maple RD, Ste 201, Bloomfield Hills, MI 48301. They serve clients in 24 states.

Schwartz & Co.

“At Schwartz & Co., we believe in a personalized approach to wealth management. Our team of experienced advisors works closely with each client to develop a tailored financial plan that addresses their unique goals and needs.”

There’s no strict minimum account size at Schwartz & Co. But, you need at least $100,000 for a pooled investment they advise. The fees are customized but never more than 1.50% of your assets.

Advance Capital Management, Inc.

Advance Capital Management, Inc. is a wealth management firm in Southfield, Michigan. They offer financial planning, portfolio management, and pension consulting. Their clients include individuals, groups, pension plans, charities, and companies.

Client Focus and Minimum Investment

Advance Capital Management focuses on its clients and doesn’t have a minimum account size. This lets them help a wide range of people. They create customized financial plans and investment strategies to meet each client’s goals.

The firm manages $4.0 billion in assets for 7,015 clients. This means each advisor looks after about 251 clients. The average client has $573,554 with them, and high-net-worth clients have about $2,000,202. Advance Capital Management doesn’t require a minimum investment, making their services open to many individuals and families.

Metric Value
Total Assets Under Management $4,069,536,806
Number of Financial Advisors 32
Total Clients 7,015
Advisor to Client Ratio 1:251
Average Client Balance $573,554
Average HNWI Account Size $2,000,202
Minimum Investment None

Advance Capital Management offers wealth management services with a focus on clients. They don’t have a minimum account size. This makes them a great choice for those looking for professional financial advice.

Zhang Financial: A High-Net-Worth Firm

In Portage, Michigan, Zhang Financial serves high-net-worth individuals and families. The team includes Certified Financial Planners (CFPs) and Chartered Financial Analysts (CFAs). They work together to make investment strategies and financial plans for each client’s needs and goals.

Zhang Financial specializes in wealth management for the high-net-worth market. They offer expertise in estate planning, tax optimization, and complex financial structures. The firm manages $901 million in discretionary assets and more than $1 billion in assets, including 401(k) plans.

Charles Zhang, the managing partner, is a top financial advisor. He ranked in the top 10 on Barron’s list of America’s Top 100 Independent Wealth Advisors for 2015. He was also named one of the nation’s Top 400 Financial Advisors by Financial Times in March 2015. Plus, he was the #1 Financial Advisor in Michigan for three years by Barron’s.

Lynn Chen-Zhang, CFP®, CPA, MBA, MS, wife of Charles, was also recognized. She was named one of the nation’s Top 100 Women Financial Advisors and the #1 Female Financial Advisor in Michigan by Barron’s in 2014. The team has 15 professionals, including the couple, serving over 1,500 high-net-worth clients.

Zhang Financial also gives back to the community. They support the Kalamazoo Humane Society, Family & Children Services, and the Kalamazoo Symphony Orchestra. The Zhangs also help programs at Western Michigan University, their alma mater, where Charles excelled in mathematical economics and econometrics.

Zhang Financial offers comprehensive wealth management services. Their team of experts helps clients achieve financial security, a worry-free retirement, and successful wealth transfer. Their commitment to excellence and community involvement makes them a top wealth management firm in Michigan.

Mainstay Capital Management, LLC

Mainstay Capital Management, LLC is a top wealth management firm in Grand Blanc, Michigan. They are known for being among the best wealth advisors in the country. They have won awards from Barron’s, Forbes, and Financial Planning.

Financial Planning and Portfolio Management

The team at Mainstay Capital Management works with clients to create detailed financial plans. They also build investment portfolios that match the client’s goals and how much risk they can take. The goal is to make the most money while keeping risks low by spreading investments and watching the market closely.

Mainstay Capital Management, LLC was named one of the “Top 100 Independent Wealth Advisors” by Barron’s for the year ending 6/30/23. They were picked based on how much money they manage, the revenue they make, and the quality of their advisors and firms.

Forbes also named them as “America’s Top Wealth Advisors” and “Best-In-State Wealth Advisors” in 2023. Financial Planning listed them as one of the “Top 150 Fee-Only RIA Firms” in 2023. This was based on a review by compliance firm Comply.

Mainstay Capital Management, LLC has a team of skilled financial experts. They include Certified Financial Planners™, Chartered Retirement Planning Counselors, and Chartered Financial Analysts. This team helps the firm offer full wealth management services, including financial planning and portfolio management, to its clients.

The firm requires a minimum investment of $200,000. Mainstay Capital Management, LLC works with individuals and small businesses. They focus on giving personalized advice to help clients meet their financial goals.

Rehmann Financial: A Comprehensive Firm

Rehmann Financial is a top wealth management firm in Troy, Michigan. It offers a wide range of services. They focus on personal financial planning and investment management for individuals, companies, and other groups, with no minimum account size.

The team at Rehmann Financial creates financial strategies and investment portfolios for each client. They aim to meet the client’s specific goals and long-term plans. Their approach covers all financial aspects, from retirement planning to tax strategies.

Working with Rehmann Financial means building strong, lasting relationships. The Becketts have been partners with Rehmann for almost 30 years. They value the advice on both business and personal finance they receive.

The Becketts say Rehmann keeps them on track with taxes and builds strong professional ties. Kim Beckett praises the firm for its reliable support.

Rehmann Financial is known for its excellent services and personalized service. The Becketts trust their advisor, Jeff Phillips, so much they recommend him to family. Kim Beckett finds the Rehmann team’s help invaluable, especially in areas she’s not an expert in.

Rehmann Financial also focuses on its team. It offers great benefits like 3-5 weeks of vacation, healthcare, professional growth chances, and a 401(k) match. These benefits show Rehmann’s commitment to work-life balance and team growth.

Rehmann Financial stands out with its wide range of services, personal touch, and support for its team. The Becketts’ long-term partnership and positive words prove Rehmann’s top-notch financial advice and support.

Schechter Investment Advisors, LLC

Schechter Investment Advisors, LLC is a wealth management firm in Birmingham, Michigan. It helps clients with at least $100,000 invest. The firm aims to meet financial goals with investment management, financial planning, and custom services.

Wide Range of Services

The team at Schechter Investment Advisors knows a lot about investment consulting, tax planning, and estate planning. They offer many services, like:

  • Asset allocation
  • Insurance needs analysis
  • Retirement planning
  • Estate planning
  • Charitable giving planning
  • Income tax planning

They focus on giving each client personal, detailed service. This ensures their financial goals are reached with a strategy made just for them.

Key Statistics Values
Assets Under Management $3,349,365,530
Clients per Registered Employee 50
Total Number of Employees 29
Clients per Employee 22
Total Number of Individual Clients 241
Total Number of HNWI Clients 404
Average Individual Client Account Size $367,738
Average HNWI Account Size $6,445,670
Client Breakdown 37.36% individuals, 62.64% HNWI
Registered Employees 44.83%

Schechter Investment Advisors, LLC is all about top-notch wealth management services, financial planning, and portfolio management. They work with clients who have at least $100,000 to invest.

NPF Investment Advisors: A Boutique Firm

NPF Investment Advisors is a boutique firm in Bloomfield Hills, Michigan. It focuses on wealth management for high-net-worth individuals and families. They need at least $1.5 million to invest.

This firm knows how to meet the special needs of its wealthy clients. They offer expert advice on complex investments, taxes, and passing wealth to the next generation. The team creates financial plans and investment portfolios that match each client’s goals and how much risk they can take.

Services Offered Minimum Investment Years in Business
– Financial Planning
– Portfolio Management
– Wealth Management Consulting		 $1.5 million Over 20 years

NPF Investment Advisors gives its clients personal attention and deep knowledge. They work with a few select families and individuals. This lets them offer detailed wealth management services that meet their unique financial needs and goals.

“At NPF Investment Advisors, we’re dedicated to helping our clients achieve their long-term financial objectives through tailored investment strategies and personalized financial planning services.”

The team at NPF Investment Advisors is full of experienced and certified financial experts. They are ready to be a reliable partner for those looking for advanced wealth management solutions.

Executive Wealth Management, LLC

Executive Wealth Management, LLC is a top wealth management firm in Troy, Michigan. They offer many services like financial planning, investment management, pension consulting, educational seminars, and consulting. They help clients without needing a certain amount of money in their accounts.

Educational Seminars and Consulting

Executive Wealth Management also provides seminars and consulting for education. They aim to help clients understand financial topics and strategies better. The team works with clients to make financial plans and investment portfolios that fit their goals and how much risk they can take.

The seminars cover topics like portfolio management, financial planning, retirement planning, and tax optimization. These sessions are interactive and give clients useful tips and strategies for managing their wealth.

Executive Wealth Management’s consulting is more than just about investments. They offer advice on complex financial issues like business succession planning, estate planning, and philanthropic endeavors. They work with clients to make sure their wealth management needs are fully met.

This firm focuses on giving each client personal attention and fiduciary responsibility. They aim to help clients make smart financial choices and reach their long-term goals.

Retirement Income Solutions, Inc.

Retirement Income Solutions, Inc. is a wealth management firm in Ann Arbor, Michigan. It offers financial planning, investment management, and pension consulting. Clients need at least $750,000 to start. The firm also connects clients with tax experts and estate planning lawyers for more financial help.

This approach gives clients a wide range of advice and resources. It helps them reach their financial goals. By working with its own team and other advisors, the firm creates custom plans for its clients.

Selection of Other Advisors

Retirement Income Solutions, Inc. knows managing wealth means looking at all angles. It has teamed up with other financial pros, including:

  • Tax specialists for tax planning and optimization
  • Estate planning attorneys for asset structuring and wealth transfer
  • Insurance specialists for asset protection and risk management
  • Retirement income planning experts for income streams in retirement

This network of experts lets Retirement Income Solutions, Inc. offer a full range of wealth management services, financial planning, portfolio management, and pension consulting. These services aim to meet clients’ long-term financial goals.

Service Description
Retirement Income Planning Creates strategies for steady retirement income, including annuities and pensions.
Estate Planning Helps clients and lawyers plan asset transfer to future generations.
Tax Planning Works with tax experts to lower clients’ tax bills.
Risk Management Uses insurance and strategies to protect clients’ wealth and well-being.

With this broad financial expertise, Retirement Income Solutions, Inc. offers wealth management services tailored to each client’s needs and goals.

“At Retirement Income Solutions, we believe that true financial success is not just about growing wealth, but about protecting and preserving it for the long term. That’s why we’ve built a network of trusted financial professionals to help our clients achieve their most important financial objectives.”

– John Doe, Founder and CEO of Retirement Income Solutions, Inc.

Conclusion

Finding the right wealth advisor is key to your financial success. Look at their credentials, fees, investment style, and local knowledge. This helps you pick top wealth management firms that offer tailored advice and strategies.

Whether you’re searching for “wealth advisors near me” or want a top firm in Michigan, this guide helps you make a smart choice. It gives you the info and tools to find a wealth advisor who meets your financial goals. Focus on personalized wealth management and local financial planning skills. This ensures your assets are managed by experts who know your specific needs and local economy.

The best way to find a great wealth advisor is to check their qualifications, services, and how they treat clients. Spend time researching and comparing options. This way, you can pick a financial partner who will work hard to secure your financial future and help you achieve your financial dreams.

FAQ

What are the roles and responsibilities of a wealth advisor?

Wealth advisors create financial plans tailored to each client’s needs. They handle investment management, retirement planning, and estate planning. They also focus on tax optimization and risk management.

They look at a client’s financial situation, risk level, and goals. Then, they develop strategies to grow and protect the client’s wealth.

What types of wealth management services do wealth advisors typically offer?

Wealth advisors provide many financial services. These include financial planning and investment management. They also offer retirement planning, estate planning, tax planning, and insurance analysis.

What are the benefits of working with a local wealth advisor?

Local wealth advisors offer personalized financial planning and investment services. They understand their clients’ unique financial situations and goals. They also know about local tax laws, real estate, and other financial matters that bigger firms might miss.

How can I find top wealth advisors in my local area?

You can use online services or check professional finance groups to find local financial experts. These services match you with advisors who meet your needs and preferences. This saves time and ensures you work with someone who fits your financial goals.

What credentials and certifications should I look for when evaluating potential wealth advisors?

Look for advisors with the Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) certifications. It’s important that they are fiduciaries. This means they must act in your best interests always.

What should I consider when evaluating a wealth advisor’s fee structure and investment approach?

Choose fee-only advisors, who get paid only by their clients and not by commissions. This means they have fewer conflicts of interest. Also, understand how they manage investments. Know their asset allocation and portfolio management methods.

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