Best Michigan Financial Advisors

Choosing the Right Financial Advisor in Michigan

When searching for a financial advisor in Michigan, it’s essential to consider a variety of factors. You need someone who understands your financial goals, has the right credentials, and a proven track record. Let’s dive into some key elements to look for and highlight some of the best advisors in the state.

What to Look for in a Financial Advisor

First and foremost, look for a financial advisor who is a fiduciary. A fiduciary is legally obligated to act in your best interest, which is crucial when making decisions about your financial future. Additionally, consider their credentials—certifications like CFP (Certified Financial Planner), CFA (Chartered Financial Analyst), and CPA (Certified Public Accountant) are indicators of expertise and professionalism.

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Experience is another critical factor. Advisors with many years in the industry have likely navigated various market conditions and can provide seasoned advice. Lastly, client reviews and testimonials can offer valuable insights into an advisor’s reliability and service quality.

Credentials to Seek

Financial advisors can hold various credentials, each signifying different areas of expertise:

• Certified Financial Planner (CFP): This certification ensures the advisor has completed extensive training and passed a rigorous exam.
• Chartered Financial Analyst (CFA): Focuses on investment management.
• Certified Public Accountant (CPA): Specializes in tax planning and preparation.
• Chartered Retirement Planning Counselor (CRPC): Concentrates on retirement planning.

Top Financial Advisors in Michigan

1. Schwallier Wealth Management LLC

Schwallier Wealth Management LLC is renowned for its client-focused approach and extensive range of services, including financial planning, investment management, and retirement planning. With over 20 years of experience, Adam Schwallier and his team are committed to helping clients achieve financial peace.

• Contact Information:
  • Address: 607 Cascade West Parkway SE, Grand Rapids, MI 49546
  • Phone: 616-855-2051
  • Website

2. Plante Moran Financial Advisors

Plante Moran is one of the leading financial advisory firms in Detroit, managing assets worth $14.3 billion. They offer a comprehensive range of services, including tax preparation, business succession, and estate planning. Their large team ensures clients receive personalized and timely advice.

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• Contact Information:
  • Address: 1098 Woodward Ave., Detroit, MI
  • Phone: Plante Moran Contact

3. Edelman Financial Engines

Edelman Financial Engines provides robust financial planning and investment management services. With experienced advisors like Mark Ligeski and Michael Jergens, the firm emphasizes personalized service and comprehensive financial advice.

• Contact Information:
  • Grand Rapids Office: 5510 Cascade Rd SE, Suite 280, Grand Rapids, MI 49546
  • Troy Office: 201 West Big Beaver Road, Suite 950, Troy, MI 48084
  • Website

4. Advance Capital Management

For over 30 years, Advance Capital Management has offered client-centric financial planning services. They focus on customized plans that cater to each client’s unique financial goals, including retirement planning and investment management.

• Contact Information:
  • Address: 1 Towne Square, Southfield, MI
  • Phone: 248-353-0790
  • Website

5. Schwartz & Co. Inc.

Schwartz & Co. provides personalized financial planning and investment management services. They manage over $3.57 billion in assets, offering expertise in pension consulting and financial planning.

• Contact Information:
  • Address: 3707 W. Maple Road, Bloomfield Hills, MI
  • Phone: 248-644-2701
  • Website

6. Planning Alternatives LTD

Planning Alternatives offers detailed and tailored financial planning services. Managing over $1 billion in assets, they provide fee-based services, including hourly and fixed fees. The firm is praised for its attentive service and ability to handle complex financial situations.

• Contact Information:
  • Address: 36800 Woodward Ave., Suite 200, Bloomfield Hills, MI
  • Phone: 248-645-1520
  • Website

Highlighted Reviews

Schwallier Wealth Management LLC

Client testimonials frequently highlight Adam Schwallier’s dedication and personalized service. One review states, “Adam has transformed my financial planning. His thoroughness and commitment to my financial well-being are unparalleled.”

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Plante Moran Financial Advisors

Plante Moran receives high praise for their comprehensive service and knowledgeable staff. One client mentioned, “The team at Plante Moran goes above and beyond. Their expertise in tax planning and retirement strategies is exceptional.”

Edelman Financial Engines

Clients appreciate the personalized approach of Edelman Financial Engines. A review noted, “Mark Ligeski and his team have provided invaluable advice. Their attention to detail and client care are top-notch.”

Advance Capital Management

Advance Capital Management is often commended for their client-centric approach. One satisfied client said, “They truly listen to your needs and tailor a financial plan that aligns with your goals. Exceptional service!”

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Schwartz & Co. Inc.

Clients highlight Schwartz & Co.’s expertise and personalized service. A review reads, “Their pension consulting services are excellent. They have helped secure my financial future with meticulous planning.”

Planning Alternatives LTD

Planning Alternatives is praised for their attentive service and ability to handle complex situations. A client mentioned, “Their team is incredibly knowledgeable and responsive. They’ve been a great asset in my financial planning journey.”

Conclusion

Finding the right financial advisor in Michigan involves understanding your financial needs, researching credentials, and reading client reviews. Advisors like those at Schwallier Wealth Management LLC, Plante Moran, Edelman Financial Engines, Advance Capital Management, Schwartz & Co., and Planning Alternatives LTD offer a range of services and personalized care to help you achieve your financial goals. Whether you’re planning for retirement, managing investments, or looking for comprehensive financial advice, these firms stand out for their expertise and client-centric approach.

Here is a summary table with essential information about these advisors:

Selecting the right advisor can make a significant difference in achieving your financial goals and securing your future. Take the time to research and find the best fit for your needs.