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2024

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Best Financial Advisors in Parma, OH

Our Recommended Top 15

We did the research for you!

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Our goal is to connect people with the best local professionals. We scored Parma Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

33Reviewed

25Curated

15Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Parma, OH
Free Consultation

Expertise.com Rating

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Parma, OH

Expertise.com Rating

Why choose this provider?

Need help contacting a Financial Advisor in Parma? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

10150 W. Sprague Road, Parma, OH 44130

Expertise.com Rating

Why choose this provider?

Brookside Tax & Financial Group is an investment advisory firm that serves clients in Parma. The firm aims to become a one-stop advisor clients can go to for their investment, tax, insurance, estate, and retirement planning needs. Brookside considers clients' investment goals, risk tolerance, desired returns, tax situation, and cash requirements in providing investment advice and recommendations. Christopher A. Anselmo, the firm's president, is both an attorney and a Personal Financial Specialist (PFS). He dedicates his service to tax, finance, law, and accounting.

  • Retirement Planning

6485 Ridge Rd,, Parma, OH 44129

Expertise.com Rating

Why choose this provider?

Simic CPA offers clients in the Parma metro financial advice and guidance. The firm guides clients in making decisions regarding wealth management and helps them secure their future through comprehensive plans and investment strategies. Its financial planning services include mutual funds accounts, annuities, and retirement solutions. It also works with clients who are looking for life, long term, and disability insurance. The firm assists its corporate clients with bookkeeping, tax preparation, business consultations, and audits.

  • Estate Planning

6140 W Creek Rd, Suite 200, Independence, OH 44131

Expertise.com Rating

Review Sources

Google
4.6 (10)
Facebook
5.0 (3)

Why choose this provider?

KO Advisors offers financial planning services to clients in the Parma area and the surrounding communities. Its services include income tax, family, investment, and retirement planning. The firm uses a review process to organize information, create comprehensive plans, and determine unique goals and plans. Kevin M. Komar is a Certified Financial Planner who has been working with KO Advisors since 2006. Komar also has a background working as a financial planner with a focus on savings, budgeting, and investment.

  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

5250 Transportation Boulevard Suite 100, Garfield Heights, OH 44125

Expertise.com Rating

Review Sources

Google
4.8 (6)

Why choose this provider?

Kennard Financial Services offers customized financial programs for clients in Parma. The firm provides bonds, common stocks, brokerage accounts, IRAs, and treasury bills to clients who like to invest. It advises individuals in creating retirement, college, estate, profit sharing, tax, and 401k or 403b plans. In addition, the company has disability income, life, long-term care, and short-term medical insurance products. President Lawrence P. Kennard, who started in the industry in 1974, received his CFP certification in 1981.

6050 Oak Tree Blvd. Suite 100, Independence, OH 44131

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

JK Investment Group is a financial services firm serving Parma. The company collaborates with clients, customizing wealth management, retirement planning, and insurance products to help them meet financial goals. It provides retirement, tax, 401(k), 403(b), estate planning, and profit-sharing plans as part of its financial planning services. It also assists with investments such as bonds, stocks, and brokerage accounts, and offers insurance products like disability income, life, and long-term care insurance. The company has been in operation since 2002.

  • Estate Planning

2012 W. 25th Street, Suite 900, Cleveland, OH 44113

Expertise.com Rating

Review Sources

Google
4.2 (10)

Why choose this provider?

Skylight Financial Group serves individuals, families, and businesses in Parma and surrounding areas. It follows a five-step approach in handling the clients' financial needs starting from identifying their financial objectives and explaining the process to the presentation of the financial plan and conducting a post-plan delivery review. It assists businesses in creating tax management strategies, preparing for succession, navigating buy and sell agreements, and customizing benefits packages. This company is composed of 200 financial professionals with different backgrounds, specializations, and certifications.

  • Certified Financial Planner (CFP)
  • Financial Planning

5005 Rockside Road Suite 1200, Independence, OH 44131

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Strategic Wealth Partners is an independently owned and managed investment advisory firm that serves clients in Parma. It specializes in helping individuals and business owners in achieving their financial goals. The firm provides an array of financial planning services that include retirement planning, portfolio management, tax exposure mitigation, and business succession planning. The founder, Mark Tepper, has more than 20 years of industry experience. He has appeared on CNBC and Fox Business as a financial contributor.

  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Investment Management

9035 Sweet Valley Dr, Valley View, OH 44125

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Since 1993, Lineweaver Financial Group has been serving business owners, executives, pre-retirees, and retirees in Parma and neighboring areas. Its team of financial advisors assists clients in wealth management, retirement planning, healthcare cost management, tax strategies, insurance plans, and estate planning. In the financial industry for over 25 years, founder Jim Lineweaver is a Certified Financial Planner and a qualifying member of the Million Dollar Round Table. He has regular appearances in media, including WKYC Channel 3 and Fox 8.

  • Finance Planning

6400 Pearl Road, Parma Heights, Oh 44130

Expertise.com Rating

Review Sources

Google
4.8 (6)

Why choose this provider?

Koler Financial Group has been serving individuals and families in Parma and other communities in Northeast Ohio for over four decades. The family-owned agency handles estate planning, investment, tax, retirement, and insurance matters. Throughout the years, Koler Financial Group has served over 3,500 clients. Gerald M. Koler, its president, is a Certified Financial Planner who has over three decades of experience in the industry. Under SagePoint Financial, Inc., he is also a registered principal and investment advisor representative.

  • Finance Planning
  • Financial Planning

6200 Rockside Road, Cleveland, OH 44131

Expertise.com Rating

Review Sources

Google
4.0 (4)

Why choose this provider?

Vantage Financial Group, based in Cleveland, serves clients throughout the Parma area. It offers financial planning services, including insurance and estate planning, retirement and Social Security planning, trust and estate planning, and litigation support. Its financial advisors create personalized plans for each client and manage and monitor the plan according to the clients' financial goals. It also provides cash flow management and legacy gift strategies. Initially established as Szeretvai and Associates, the firm has been serving clients since 1969.

  • Certified Financial Planner (CFP)

6674 Pearl Road, Parma, OH 44130

Expertise.com Rating

Why choose this provider?

Research Financial Strategies is a wealth management firm serving Parma and the surrounding areas. It specializes in providing financial advice to families, athletes, retirees, executives, and business owners. Its advisors handle family investments, retirement accounts, college savings, and company 401k services. They assist clients in designing a financial strategy tailored to their specific needs by taking the time to listen to the client's concerns, devise an individualized plan, and make adjustments to the portfolio if necessary.

  • Financial Planning

Cleveland, OH

Expertise.com Rating

Review Sources

Yelp
5.0 (1)

Why choose this provider?

Kelley Financial Planning is a fiduciary, independent company helping clients in Parma achieve their financial goals. Providing comprehensive financial planning assistance, the agency determines clients' objectives to give insights and advice about their cash flow, budgeting, and debt management. Its advisor reviews investment portfolios and recommends strategies for improvement or diversification. In addition, the firm handles employee benefits and insurance assessments. It assists in creating retirement, college, tax, and estate plans. Founder Michael Kelley holds a CFP certification.

  • Financial Planning

29691 Lorain Rd., North Olmsted, OH 44070

Expertise.com Rating

Review Sources

Google
4.3 (6)

Why choose this provider?

Szarka is an independent financial services firm serving individuals, business owners, and employees in Parma and the surrounding areas. It provides a wide range of financial planning services, including investment management, retirement income planning, life and long-term care insurance, business succession planning, and estate and legacy planning. Lee Szarka, one of the professionals from the company, holds the CFP and ChFC designations. Szarka conducts presentations annually to educate members of Northeast Ohio companies and non-profit organizations on how to make informed decisions about their finances.

  • Certified Financial Planner (CFP)

Compare our Top Financial Advisors

NameExpertise RatingAddressPromotionsLearn more
SmartAdvisor by SmartAsset
Free Consultation
Brookside Tax & Financial Group
10150 W. Sprague Road, Parma, OH 44130
Simic CPA
6485 Ridge Rd,, Parma, OH 44129
KO Advisors
6140 W Creek Rd, Suite 200, Independence, OH 44131
Kennard Financial Services
5250 Transportation Boulevard Suite 100, Garfield Heights, OH 44125
JK Investment Group
6050 Oak Tree Blvd. Suite 100, Independence, OH 44131
Skylight Financial Group
2012 W. 25th Street, Suite 900, Cleveland, OH 44113
Strategic Wealth Partners
5005 Rockside Road Suite 1200, Independence, OH 44131
Lineweaver Financial Group
9035 Sweet Valley Dr, Valley View, OH 44125
Koler Financial Group
6400 Pearl Road, Parma Heights, Oh 44130
Vantage Financial Group
6200 Rockside Road, Cleveland, OH 44131
Research Financial Strategies
6674 Pearl Road, Parma, OH 44130
Kelley Financial Planning
Szarka
29691 Lorain Rd., North Olmsted, OH 44070

FAQs

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • How can digital legacy planning in Parma protect your online assets?

    Organizing your digital estate in Parma can help your loved ones avoid post-life identity theft and other cybercrimes. According to AARP, close to 800,000 deceased people are being targeted for identity theft every year. These criminals use the deceased's information to purchase a Social Security number and drain the money from their accounts. Reach out to your financial advisor if you plan to include your digital assets in your estate.

  • Can a financial advisor help you with the monetary aspect of a postnuptial agreement in Parma?

    Yes. Senate Bill 210 was signed on March 23, 2023. It is a law that permits married couples to enter into a postnuptial agreement or alter or revoke an existing prenuptial arrangement, which can then be used to define marital rights during divorce. If you have a Certified Financial Divorce Analyst (CFDA) in Parma, they can include a postnuptial agreement in your financial plans and discuss its financial implications with your lawyer.

  • How can an annuity help you with your retirement in Parma?

    If you are financially preparing for retirement in Parma, annuities are good sources to supplement your 401(k)s and IRAs. Unlike the latter, an annuity does not have yearly contribution restrictions, and the deposited money grows tax-deferred until withdrawn. Additionally, you have the option to choose between a fixed or a variable interest rate. Most annuities also have a death provision, which means you can pass them on to a beneficiary.

  • What can entrepreneurs in Parma do to safeguard their small businesses from financial losses?

    Small company owners in Parma can protect their financial future by maximizing their present assets, which may involve minimizing their current business costs and researching strategies to minimize their tax burden. Additionally, they can increase their savings in IRA, 401(k), and health savings accounts, as well as find investment options that can create long-term returns. Entrepreneurs should also get proper insurance policies, which may include life, disability, long-term care, business, liability, and property coverage.

  • Is the 529 plan a good educational savings plan in Parma? Are there any alternatives?

    The 529 plan is ideal for Parma residents saving for their children's college. However, it has its disadvantages, which include a penalty for non-qualified education expenses, a one-beneficiary-per-plan limit, and federal tax deductions on contributions. Uniform Transfers to Minors (UTMA) and Uniform Gifts to Minors (UGMA) can be alternatives to a 529 plan because both can be created under the child's name. Contributions are made with after-tax dollars, and gifting is not subject to gift tax.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.