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
SIGMA INVESTMENT COUNSELORS 186 E Main Street, Suite 200 Northville, MI, 48167	104754	$1,482,415,000	759	A Percentage of AUM, Fixed Fees
STONEBROOK PRIVATE INC. 182 E Main Street, Northville, MI, 48167	325434	$550,852,119	483	A Percentage of AUM, Fixed Fees
GREAT LAKES WEALTH, LLC 22260 Haggerty Road, Suite 160 Northville, MI, 48167	282362	$112,557,571	845	A Percentage of AUM, Fixed Fees
MARKETOCRACY MASTERS CAPITAL MANAGEMENT LLC 20401 Haggerty Rd., Ste A 131 Northville, MI, 48167-1999	314667	$1,184,000	13	A Percentage of AUM

Find The Best Financial Advisors in Northville, Michigan

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

List of Qualified Financial Advisors in Northville, Michigan

Todd Perry

Executive Wealth Management

Address

Michael Jergens

Edelman Financial Engines, LLC

Address

Peter Shunyia

LPL Financial/Shunyia & Co. Private Wealth Advisors

Address

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

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

Frequently Asked Questions

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Find The Best Financial Advisors in Northville, Michigan

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

List of Qualified Financial Advisors in Northville, Michigan

Todd Perry

Executive Wealth Management

Address

Michael Jergens

Edelman Financial Engines, LLC

Address

Peter Shunyia

LPL Financial/Shunyia & Co. Private Wealth Advisors

Address

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

Select other cities around Northville, 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 Northville, Michigan
Last Updated - 13-Jun-2023

Find an Advisor
It's Fast, Free & Easy