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Best Financial Advisors in Dearborn

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Center for Financial Planning, Inc. logo
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Center for Financial Planning, Inc.

24800 Denso Drive, Suite 300, Southfield, MI 48033
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  • Tax Planning

Business Description

The Center for Financial Planning, Inc., has been serving Dearborn residents since 1985. It guides clients in achieving their financial goals by providing them with compassionate wealth and investment management advice. Its advisors work with clients in developing plans that focus on improving their quality of life. The company has been recognized by the Financial Times as one of the 300 Top RIAs from 2015 to 2018. Some of its CFPs were also recognized by Forbes as Best-in-State Wealth Advisors.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
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Dale P. Robinson logo
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Dale P. Robinson

330 Town Center Drive, Suite 328, Dearborn, MI 48126
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  • Certified Financial Planner (CFP)

Business Description

Dale P. Robinson is a wealth advisor and sole practitioner of LPL Financial. He offers services to Dearborn clients, including assessing their financial situations and goals, the preparation of financial plans, and the development of investment strategies. Robinson has been in the industry since 1979. He holds the Certified Financial Planner and Chartered Life Underwriter designations. He is also a member of the Institute of Certified Financial Planners, the Financial Planning Association, and the Financial Planning Association—Michigan Chapter.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Financial & Portfolio Advisors logo
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Financial & Portfolio Advisors

15855 Farmington Rd, Livonia, MI 48154
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  • Finance Planning

Business Description

For more than 30 years, Financial & Portfolio Advisors has been serving the residents of Dearborn and the surrounding communities. It helps clients protect themselves financially and secure their future by providing them with a broad range of financial services, including investment advisory; investment management; and financial, tax, insurance, estate, and retirement planning. Daniel S. MacIver, the president of the firm, has obtained the ATP and CFP designations and serves on the executive board of directors for the Clarenceville Education Foundation.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
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Firma Financial Planning logo
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Firma Financial Planning

17957 Hall Rd, Macomb, MI 48044
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  • Financial Planning

Business Description

Firma Financial Planning is a wealth management firm that serves clients in Dearborn. It focuses on providing personalized financial solutions to individuals, families, and businesses. The firm's financial advisors assist clients in understanding and implementing strategies to improve and secure their assets and finances. They are equipped to handle investment management, retirement planning, budgeting, and tax planning matters. Firma Financial Planning uses a virtual portal where clients can conveniently access various documents, such as progress reports.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (44)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Harvest Partners Financial logo
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Harvest Partners Financial

7321 Park Avenue, Allen Park, MI 48101
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Harvest Partners Financial serves families and businesses in Dearborn and the surrounding areas. It provides financial advice in areas like retirement planning, college funding, portfolio management, and tax planning. In addition to assisting clients with their financial plans and investments, the firm supports the community by working with organizations such as Forgotten Harvest and The National Forest Foundation. One of its partners, Gregory Genter, is an Accredited Investment Fiduciary who has been providing financial services since 2002.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.3 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
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Detail
Horizon Advisers logo
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Horizon Advisers

5455 Corporate Drive, Suite 210, Troy, MI 48098
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Horizon Advisers helps individuals, families, and businesses in Dearborn and surrounding communities with their financial planning and wealth management needs. Among the services that the financial advisory firm provides its clients are tax, estate, and income planning, as well as asset and risk management. The firm was founded in 2012 as Horizon Wealth Management. It later merged with a local accounting firm to complete its range of financial services. Its managing director, Alexander Dinser, is a Certified Financial Planner and a Chartered Financial Consultant.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
4.5 / 5 (57)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
M3 Investment Services logo
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M3 Investment Services

990 North Main Street, Royal Oak, MI 48067
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Business Description

M3 Investment Services provides financial solutions to clients in Dearborn. Its advisors work with individuals to create personalized financial plans according to their goals, concerns, and expectations. They handle investment options, retirement accounts portfolio management, college saving plans, and insurance products. As an independent company, M3 Investment Services offers a broad range of products fit for its clients' situations. President Michael J. Pesendorfer is a 2015 Fred Neuburger Memorial and 2015 Steve Hitchcock Service awardee.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (12)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
MassMutual Great Lakes logo
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MassMutual Great Lakes

3000 Town Center, Suite 3100, Southfield, MI 48075
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  • Retirement Planning
  • Wealth Management

Business Description

MassMutual Great Lakes is a financial planning and investment management company that assists clients in Dearborn. It advises individuals and families in creating investment portfolios that are suitable for their circumstances. It helps clients find insurance that protects them from the effects of serious illness, accidents, loss of loved ones, or immediate financial needs of children with special needs. In addition to life insurance, it offers disability income insurance, long-term care assistance, mutual funds, and trust services.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (12)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
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Detail
––
RFC Financial Planners logo
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RFC Financial Planners

5263 Plymouth Rd., Ann Arbor, MI 48105
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

RFC Financial Planners helps clients residing in Dearborn to live more balanced, orderly, and simple financial lives. It comprises financial advisors who assist individuals and businesses in discovering their own definition of true wealth through developing a strategy to reach financial goals. They offer independent financial planning services that focus on assessment, personal cash flow-based planning, social security analysis, and risk management planning. Additional services are investment management, college planning, value-based investing, and retirement planning.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Richard W. Paul & Associates, LLC logo
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Richard W. Paul & Associates, LLC

39555 Orchard Hill Place, Suite 100, Novi, MI 48375
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  • Retirement Planning

Business Description

Richard W. Paul & Associates, LLC is a financial advisory firm that works exclusively with pre-retirees and retirees in Dearborn and the surrounding areas. It builds custom retirement plans that focus on five key areas: income, investment, tax, healthcare, and legacy planning. Its services cover wealth accumulations, long-term care, life insurance, asset protection, and retirement income strategies. Richard W. Paul & Associates, LLC is a family-owned and -operated firm that has 80 years of collective industry experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (33)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Senior Planning Advisors logo
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Senior Planning Advisors

38695 W. Seven Mile Road, Suite 125, Livonia, MI 48152
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  • Tax Planning
  • Retirement Planning
  • Financial Planning

Business Description

Senior Planning Advisors has been working with individuals and families in Dearborn for more than 20 years, helping them meet their financial goals. It assists its clients in creating retirement and estate plans that include tax strategy, money management, and legal planning. The firm has been featured on various media outlets such as ABC, CBS, NBC, Fox, and CNN. It has also partnered with the Retirement Education Foundation to teach retirement planning, investment strategies, and income planning at local universities.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Sequoia Financial Group logo
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Sequoia Financial Group

5480 Corporate Dr. Suite 100, Troy, MI 48098
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  • Estate Planning

Business Description

Sequoia Financial Group assists clients in Dearborn in accomplishing their wealth objectives. It helps individuals develop a strategic plan tailored to their needs. The firm aids in developing strategies for allocating and distributing assets throughout one's retirement. The company's advisors provide guidance in making tax-efficient plans for transferring estate and wealth to family members, charities, and other beneficiaries. Sequoia Financial Group was included in the Barrons' List of the Top 100 RIA Firms in 2021.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Unity Financial Advisors logo
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Unity Financial Advisors

30400 Telegraph Road Suite 461, Bingham Farms, MI 48025
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  • Certified Financial Planner (CFP)

Business Description

Unity Financial Advisors is a firm serving Dearborn residents. Its financial planning services cater to people in retirement or nearing retirement. It assists clients in formulating wealth management plans that address their needs, including coordinating their income sources, pension and Social Security benefits, investments, and tax strategies. The company's professionals also help construct personalized portfolios. Founder Jaime Cowper is an Amazon national bestselling author and has been quoted in news outlets, such as U.S. News and World and NY Daily News.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.2 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Wealth Strategies Financial Group logo
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Wealth Strategies Financial Group

2000 Town Center Suite 1600, 16th Floor, Southfield, MI 48075
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  • Retirement Planning
  • Financial Planning

Business Description

For over 100 years, Wealth Strategies Financial Group has been guiding individuals and businesses in Dearborn and neighboring areas through wealth building and management matters. Its team of financial advisors helps them in investment strategies, monetary risks assessment, tax minimization strategies, and insurance plans. The firm has been featured on Bloomberg, CBS Detroit, and Crain's Detroit Business. Managing partner Mike Amine has 26 years of industry experience and is an active board member of the National Association of Insurance and Financial Advisors-Greater Detroit.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
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Back to Providers

Frequently Asked Questions

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.

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.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

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

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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