Expertise.com

2024

Last updated:

Best Financial Advisors in Dearborn

Our Recommended Top 14

We did the research for you!

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

36Reviewed

27Curated

14Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

38695 W. Seven Mile Road, Suite 125, Livonia, MI 48152

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Review Sources

Facebook
5.0 (5)
Google
5.0 (2)

Why choose this provider?

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.

  • Tax Planning
  • Retirement Planning
  • Financial Planning

990 North Main Street, Royal Oak, MI 48067

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Review Sources

Google
4.7 (10)

Why choose this provider?

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.

17957 Hall Rd, Macomb, MI 48044

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Google
5.0 (46)

Why choose this provider?

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.

  • Financial Planning

2000 Town Center Suite 1600, 16th Floor, Southfield, MI 48075

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Review Sources

Google
4.8 (15)

Why choose this provider?

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.

  • Retirement Planning
  • Financial Planning

3000 Town Center, Suite 3100, Southfield, MI 48075

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Review Sources

Google
4.6 (11)

Why choose this provider?

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.

  • Retirement Planning
  • Wealth Management

330 Town Center Drive, Suite 328, Dearborn, MI 48126

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Review Sources

Google
5.0 (1)

Why choose this provider?

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.

  • Certified Financial Planner (CFP)

24800 Denso Drive, Suite 300, Southfield, MI 48033

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Review Sources

Google
5.0 (2)

Why choose this provider?

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.

  • Tax Planning

5480 Corporate Dr. Suite 100, Troy, MI 48098

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Review Sources

Google
4.7 (10)

Why choose this provider?

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.

  • Estate Planning

30400 Telegraph Road Suite 461, Bingham Farms, MI 48025

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Review Sources

Google
5.0 (4)

Why choose this provider?

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.

  • Certified Financial Planner (CFP)

15855 Farmington Rd, Livonia, MI 48154

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Review Sources

Google
5.0 (2)

Why choose this provider?

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.

  • Finance Planning

5263 Plymouth Rd., Ann Arbor, MI 48105

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Review Sources

Google
4.2 (5)

Why choose this provider?

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.

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

7321 Park Avenue, Allen Park, MI 48101

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Review Sources

Google
3.9 (7)

Why choose this provider?

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.

  • Certified Financial Planner (CFP)
  • Financial Planning

5455 Corporate Drive, Suite 210, Troy, MI 48098

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Why choose this provider?

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.

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

39555 Orchard Hill Place, Suite 100, Novi, MI 48375

Expertise.com Rating

Review Sources

Google
4.9 (31)
Facebook
5.0 (7)

Why choose this provider?

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.

  • Retirement Planning

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 you withdraw from a Deferred Retirement Option Plan (DROP) account in Dearborn?

    There are several ways members of the Michigan State Police Retirement System in Dearborn can withdraw from the Deferred Retirement Option Plan (DROP). They have the option to take out a lump sum, transfer the balance to another plan, or withdraw some amount and then take the balance at a later time. They can also leave a balance on their DROP account where it will earn an interest rate of 3% but must withdraw everything not later than April 1 of the year they turn 70 years and six months old.

  • What are the differences between capital and money markets for an investor in Dearborn?

    Capital markets are where investors trade assets such as stocks and bonds. On the other hand, individual investors, banks, and governments invest in money markets assets like funds, savings accounts, and Certificates of Deposits. The former usually yields higher returns, is tougher to convert to cash, and is riskier. Depending on the Dearborn investor's risk tolerance and financial goals, either type of investing can be preferable.

  • Is Dearborn business- and investment-friendly?

    Dearborn offers business- and investor-friendly programs such as Pure Michigan, Federal Historic Tax Credit Program, and Brownfield Redevelopment Authority (BRA). Added to these programs, it implements a corporate income tax of 6%, making it one of the pro-business places in the nation. For further information, visit the Dearborn Administrative Center at 16901 Michigan Ave. Dearborn, MI 48126, or give it a call at 313-943-2150.

  • Are there life insurance plans in Dearborn that do not require medical exams?

    Yes. Generally, people in Dearborn under the age of 65 who are healthy may be able to get insurance plans with no medical exam. However, the insurance company will have to assess first whether an exam is required or not. Upon application, you will be asked to answer a questionnaire and disclose your health history and any medical conditions. Take note to be truthful in your answers because if not, you and your family may be denied benefits when the time for the insurance to be used comes.

  • Would T-bills be a low-risk investment for someone in Dearborn?

    T-bills are considered the safest investment there is because it is backed by the federal government, which has historically never defaulted. This means that someone in Dearborn who invests in T-bills is guaranteed by the government their money will not be lost. However, there are downsides to investing in T-bills and one of these is low returns. If the market is doing well, money invested in T-bills is better off invested in other types of securities.

  • 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.