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Best Financial Advisors in Kalamazoo

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Kalamazoo, MI
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

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.

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.
4.0
Google
3.2 / 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
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Price: Free consultation

Alkhamis Financial logo
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Alkhamis Financial

7900 Kirkland Court, Portage, MI 49024
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  • Estate Planning
  • Certified Financial Planner (CFP)
  • Wealth Management

Business Description

Alkhamis Financial offers wealth planning and investment management solutions to clients in Kalamazoo and the surrounding areas. The firm's financial planning services include the areas of investment, retirement, estate planning, and insurance. Zack Alkhamis, the company's founder, is the branch manager and investment advisor representative of LPL Financial. He has more than 28 years of experience serving as a retirement income specialist and helping retirees generate income. He is also a Certified Fund Specialist and a Chartered Retirement Planning Counselor.

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)

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
Baird logo
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Baird

125 South Kalamazoo Mall, Suite 302, Kalamazoo, MI 49007
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  • Wealth Management

Business Description

Established in 1919, Baird is a local firm that offers financial advisory services for clients in Kalamazoo and the surrounding areas. Its team of financial advisors assists in addressing the unique investment choices and financial objectives of every client. They provide a range of financial planning solutions that involve retirement and education planning, wealth transfer, charitable giving, and tax planning. In addition, they handle investment management, including brokerage, cash management, comprehensive advisory, and portfolio management.

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
Responsiveness
Friendliness
Helpfulness
Detail
Bright Financial Advisors, Inc. logo
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Bright Financial Advisors, Inc.

450 West Centre Ave Ste C, Portage, MI 49024
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  • Certified Financial Planner (CFP)

Business Description

Bright Financial Advisors, Inc., is a wealth management firm that caters to Kalamazoo-based clients. Its financial services involve dealing with business, retirement, and estate planning; investment and stock options; and tax strategies. Both its president, Andrew W. Price, and vice president, Brookes L. Welc, are Certified Financial Planners. They have more than 35 years of combined financial industry experience. The company is active in community affairs through quarterly support given to local organizations like Loaves & Fishes and the Kalamazoo Gospel Mission.

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)

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
CWS Financial Advisors logo
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CWS Financial Advisors

405 W Michigan Avenue Suite 110, Kalamazoo, MI 49007
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  • Finance Planning

Business Description

CWS Financial Advisors is a boutique wealth management firm that serves clients in Kalamazoo. It assists affluent families and business owners in achieving their financial objectives through income management, portfolio development, asset allocation, and tax optimization. The firm has adopted a collaborative communication approach to understanding the unique needs of clients. The history of CWS Financial Advisors can be traced back to a broker/dealer firm that was established by Jerry Cross in 1983. The firm became an independent registered investment advisor in 2018.

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)

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
Diversified Financial Advisors logo
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Diversified Financial Advisors

15 Capital Ave. NE, Suite 104, Battle Creek, MI 49017
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  • Financial Planning

Business Description

Serving clients in the Kalamazoo metro, Diversified Financial Advisors provides a variety of financial services that help individuals manage their investments and plan for building wealth. Its assists with individual retirement accounts, annuities, savings plans, and simplified employee pension plans. Its service portfolio also covers 529 qualified tuition plans, certificates of deposit, U.S. treasuries securities, and mutual funds. The firm's advisor, Blane Heisler, is a CFP who has been working in the financial industry for almost 10 years.

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)

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
Fiduciary Financial Advisors logo
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Fiduciary Financial Advisors

5464 Holiday Terrace, Kalamazoo, MI 49009
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  • Finance Planning
  • Certified Financial Planner (CFP)

Business Description

Fiduciary Financial Advisors is an independent wealth management and financial planning firm that serves residents of Kalamazoo. Its team of fiduciary advisors assists on concerns related to retirement planning, educational funds, estate, insurance, and investment. It works with Charles Schwab and TD Ameritrade to help clients manage their insurance and investment needs. The firm has more than $300 million in assets under management. Ben VerWys, the firm's founder and senior financial advisor, was given a 5 Star Quality Advisor rating by Paladin Research.

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 (33)

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
Gasaway Investment Advisors, Inc. logo
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Gasaway Investment Advisors, Inc.

7110 Stadium Drive, Kalamazoo, MI 49009
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  • Certified Financial Planner (CFP)

Business Description

Gasaway Investment Advisors, Inc., has been providing financial planning services in Kalamazoo for more than 30 years. The company's individual and commercial financial management services include retirement planning and administration, wealth and investment management, asset allocation, government forms filing and reporting, and 24-hour monitoring and accessibility. The founder's son and the company's current president, Jim Gasaway, helped establish the firm in 1990. He holds a degree in Accounting and is a Certified Financial Planner.

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 (3)

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
LVM Capital Management Ltd logo
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LVM Capital Management Ltd

7840 Moorsbridge Road, Portage, MI 49024
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  • Financial Planning

Business Description

LVM Capital Management Ltd is a financial advisory firm that serves Kalamazoo and the surrounding locations. Its team develops financial plans for clients, which involves making recommendations on charitable goals strategies, income tax, and retirement savings and distribution. The financial planners also evaluate clients' life and health insurance needs in the process. In addition, they utilize an investment management approach, which has been applied to various market cycles and refined over the past 30 years. LVM Capital Management has been operating since 1988.

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)

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
Preferred Financial Group, LLC logo
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Preferred Financial Group, LLC

2725 Airview Boulevard Suite 204, Portage, MI 49002
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  • Investment Management
  • Financial Planning

Business Description

Preferred Financial Group, LLC, is a firm serving Kalamazoo. Its personalized services focus on helping clients develop plans that help them prepare for a successful retirement. Its advisors educate them on financial products structured to their goal. It also offers a wide array of investment vehicles, including bonds, brokerage accounts, common stocks, government securities, IRAs, and treasury bills. Other products include disability income, life, and long-term care insurance. Its financial planning services range from estate and retirement to tax management.

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.
4.0
Google
4.0 / 5 (1)

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
Rose Street Advisors logo
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Rose Street Advisors

244 North Rose Street, Kalamazoo, MI 49007
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  • Certified Financial Planner (CFP)

Business Description

Rose Street Advisors addresses financial planning matters in Kalamazoo. From retirement plans to wealth management to life insurance, the firm has been providing its services to families and businesses for over 75 years. Its team of advisors works hand in hand with clients by enumerating their needs and finding the right plan for their short-term and long-term benefits. Through the leadership of principal and employee benefits advisor Kevin McPherson, the firm has extended its services throughout Michigan and the nearby states.

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 (6)
Facebook
5.0 / 5 (3)

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
––
Sanford Advisory logo
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Sanford Advisory

590 W. Centre Ave, Portage, MI 49024
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  • Financial Planning

Business Description

Operating in Portage, Sanford Advisory provides financial consultation and planning for residents of Kalamazoo and nearby communities. It reviews clients' finances, from annual income to taxes and expenses, to help them find ways to save money. The firm also helps them assess different investments and savings accounts to find suitable options. It also directs funds to be stored for future use, such as children's education or retirement. Sanford Advisory employs 10 different professionals, including CPAs and CFPs with over 200 years of combined 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.
5.0
Google
5.0 / 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
Friendliness
Helpfulness
Detail
The Wiser Financial Group logo
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The Wiser Financial Group

6100 Stadium Drive, Kalamazoo, MI 49009
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  • Retirement Planning
  • Finance Planning

Business Description

The Wiser Financial Group is an independent advising group based in Kalamazoo. It helps individuals plan for various aspects of their life by giving them financial advice regarding education for their family, insurance coverage, and retirement and estate planning. Its staff also performs investment management services for families and employee benefits planning for employers. Founder Ronald Wiser is a board member of the National Association of Insurance and Financial Advisors. He holds various professional designations, like the Certified Financial Planner designation from the CFP Board.

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
Facebook
5.0 / 5 (17)
Google
3.9 / 5 (8)

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
Zhang Financial logo
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Zhang Financial

5931 Oakland Drive, Portage, MI 49024
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Zhang Financial is an advisory firm that has been serving Kalamazoo for more than 30 years. It provides investment advice through a wide range of independent research resources to help individuals in choosing an investment path that fits their needs. The firm partners with custodians like LPL Financial, TD Ameritrade, and Charles Schwab. Its founder, Charles Zhang, is a Certified Financial Planner who has been featured in various media outlets, such as Forbes, Wall Street Journal, and Financial Times.

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 (13)

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
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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