Question 1

Why should I hire a financial advisor to manage my money?

Accepted Answer

The core objective of a financial advisor is to get your finances on the right track & help you strategize your spendings, investments & savings to mitigate the future financial risks. A financial advisor creates a plan for you based on your short term & long term financial goals keeping the market situations into consideration and provides you a roadmap to attain those goals.

Question 2

How can I pick a good financial advisor?

Accepted Answer

A good financial advisor is the one who has a sound knowledge of managing finances, the experience of working with market ups & downs & most importantly - understands your financial goals & needs well. To find a 'good' financial advisor, you need to get your financial goals defined & choose the best fiduciary financial advisor that puts your best interest on priority. Choose the best financial advisor for you with our financial advisor's directory.

Question 3

What's the difference between a financial planner and a financial advisor?

Accepted Answer

A financial Advisor provides a vast spectrum of advisory investment management, debt repayment, tax planning, estate planning, retirement planning, insurance depending on your need, whereas a financial planner helps you create a financial plan to help you meet your goals. While the work of a financial planner & a financial overlap at a certain point, there is a fine line of difference based on cost, goals & way of working between the two.

Question 4

How much money should you have before getting a financial advisor?

Accepted Answer

The cost of a financial advisor depends upon factors like experience, certifications & the type of financial advisor. Cost varies as per the type of financial advisor you choose as no one-size-fits-all compensation option for advisors. The most common ways a financial advisor is compensated are fee-only, hourly rates, commission-based, fixed flat rates & percentage of the account. You need to talk to your advisor about the cost involved before hiring the one.

Question 5

What type of financial advisor do I need?

Accepted Answer

Given a wide variety of financial advisors, if you are unable to analyze the type of financial advisor you need, you should consult an advisor who can look at the complete picture. In general terms, the CFP or ChFC certified financial advisor is a preferred choice as in order to achieve the certification one needs a good amount of hands-on experience.

Firm Name	Firm CRD#	Total AUM	No. of Clients	Fee Structure
BRICKTOWN CAPITAL, LLC 600 E. Lafayette Blvd, Detroit, MI, 48226	319290	$10,045,676,000	83	A Percentage of AUM
ROCKBRIDGE GROWTH EQUITY MANAGEMENT, L.P. 1555 Broadway, 4th Floor, Detroit, MI, 48226-2154	299650	$1,486,372,129	9	A Percentage of AUM, Performance Based, Other (SEE SCHEDULE D - MISCELLANEOUS)
HURON CAPITAL PARTNERS LLC 500 Griswold Street, Suite 2700 Detroit, MI, 48226	157060	$1,224,601,081	10	A Percentage of AUM, Performance Based, Other (SEE SCHEDULE D - MISCELLANEOUS)
SIGNAL ADVISORS WEALTH, LLC 1555 Broadway St, Detroit, MI, 48226	301086	$133,854,547	455	A Percentage of AUM, Hourly charges, Fixed Fees

Find The Best Financial Advisors in Detroit, Michigan

How To Find The Best Financial Advisors in Detroit, Michigan
Last Updated - 13-Jun-2023

List of Qualified Financial Advisors in Detroit, Michigan

Peter Shunyia

LPL Financial/Shunyia & Co. Private Wealth Advisors

Address

Michael Jergens

Edelman Financial Engines, LLC

Address

Todd Perry

Executive Wealth Management

Address

Top Financial Advisor Firms in Detroit, Michigan (Ranked by AUM)

Select other cities around Detroit, Michigan to broaden your search for a financial advisor

Frequently Asked Questions

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Find The Best Financial Advisors in Detroit, Michigan

How To Find The Best Financial Advisors in Detroit, MichiganLast Updated - 13-Jun-2023

List of Qualified Financial Advisors in Detroit, Michigan

Peter Shunyia

LPL Financial/Shunyia & Co. Private Wealth Advisors

Address

Michael Jergens

Edelman Financial Engines, LLC

Address

Todd Perry

Executive Wealth Management

Address

Top Financial Advisor Firms in Detroit, Michigan (Ranked by AUM)

Select other cities around Detroit, Michigan to broaden your search for a financial advisor

Frequently Asked Questions

Find an AdvisorIt's Fast, Free & Easy

How To Find The Best Financial Advisors in Detroit, Michigan
Last Updated - 13-Jun-2023

Find an Advisor
It's Fast, Free & Easy