Financial Advisors Detroit, MI

Financial Advisor Reviews Detroit, MI

Schwartz & Co. provides ongoing financial advisory services on a non-discretionary or discretionary basis after determining client goals, timelines and risk tolerance. The firm offers an assortment of financial education and advisement programs. Your advisor should talk to you about investment objectives and strategies, asset allocation, portfolio development and short-term or ongoing financial planning.

Schwartz & Co. can also assist with taxes, charitable giving, insurance, major purchases and business or estate planning, among other services. Financial advisors meet periodically with clients to review their portfolio and determine if the client’s goals are changing. Schwartz & Co. requires no minimum investment to utilize wealth management services, but the firm has a $100,000 minimum for clients wishing to take part in a pooled investment fund.

Schwartz & Co. negotiates hourly or flat fees for some financial advisory and wealth management services but does not publish prices. Investment management fees are a negotiable percentage of assets under management. Some advisors receive commissions.

Financial advisors at Plante Moran assist clients with defining financial goals, setting investment objectives and analyzing risk tolerance. This company offers these nonrecurring services in order to work with clients on developing and administering a comprehensive investment strategy. Financial advisors meet with clients one-on-one or through seminars and workshops. Clients may speak with a financial planning expert once or on an ongoing basis, depending on their needs.

Advisors cover taxes, business succession, insurance and retirement and estate planning. Plant Morant also offers tax preparation services for individuals, businesses, trusts and estates through an affiliate. Investment advisors assist clients with asset allocation, including an analysis of current investments and offer advice for choosing an investment manager. The firm employs over 3,000 staff members who specialize in financial planning and audits, taxes and wealth management. International barriers are rare at the firm, with 27 foreign languages spoken among the staff.

Fees for nonrecurring services like meeting with your financial advisor are based on an hourly rate ranging from $110 to $450. Clients also pay additional costs directly related to their account. Seminars and workshops cost a flat fee, which varies depending on the program. Investment management costs are a percentage of assets across various tiers.

Financial advisors at Advance Capital Management identify each client’s specific needs and take the time to learn about the client’s future dreams, goals, family and legacy plans. Advisors create customized financial plans with this information in mind to produce a roadmap from the client’s working years through retirement. Investment advice and recommendations are always in the client’s best interest as well. Advance Capital Management is an award-winning firm and has been in business for 30 years. It incorporates client education into financial and investment planning and is known for its client-centric approach. In addition to the Detroit headquarters in Southfield, the firm has offices in Chicago, Cleveland and Grand Rapids.

Advance Capital clients pay for advisory services based on four tiers of assets under management. The firm has no minimum account size, and rates are reasonable in comparison to similar firms. There is no additional cost for financial advisory and planning services.

Mainstay Capital Management is a full-service wealth management provider offering comprehensive financial planning with a staff of Certified Financial Planners and Chartered Retirement Planning Counselors. Mainstay Capital is best for investors who want to take a hands-off approach to investment research and analysis, leaving those to the professionals. Mainstay Compass is the firm’s free, proprietary online process for building a financial plan that includes guidance through every step.

Mainstay Compass creates a retirement plan; optimizes Roth conversions and Social Security distributions; and includes a budgeting app and the ability to manage taxes and retirement income streams. Prospective clients enter information into Compass and then a financial advisor follows up for a free initial consultation.

Clients who elect to have Mainstay Capital manage their investments receive financial planning services at no cost. Otherwise, the fee is $500 for in-person meetings. Investment advisory costs are based on a percentage of assets under management. Clients who hold assets in multiple accounts pay an additional minimum fee of $780 per year and a quarterly $50 administration fee.

Zhang Financial offers a diverse team of professionals including CFPs, Certified Public Accountants, Chartered Financial Analysts and an attorney. Financial advisors at the firm hold advanced degrees in business administration, accounting, economics and financial services. All members of the team work together to serve clients and coordinate all aspects of their financial planning. Financial plans consist of a written summary of the client’s current financial situation along with recommendations for investments, insurance and cash flow.

The firm also holds financial consultations with clients who don’t need a financial plan. Zhang Financial’s asset management program provides investment advice and management to clients. While financial planning and consulting clients receive general investment advice, asset management clients get precise portfolio guidance.

Financial advisory and planning services at Zhang Financial cost either $100 to $500 per hour or a flat $250 to $20,000 fee. For investment advice and management, Zhang Financial charges an annual fee based on a single percentage of all assets a client holds within the company. The firm does not use a tiered fee model like most other investment management companies. There is a minimum annual fee of $3,000 per client. The firm requires a $1 million minimum asset balance for Michigan clients and $2 million for residents of other states. This minimum can consist of assets Zhang Financial manages on behalf of the client, like cash, stocks and investment accounts.

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