Expertise.com
2024

Last updated:

Best Financial Advisors in Livonia

Our Recommended Top 15

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

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

36

Reviewed

27

Curated

15

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider
SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

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

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.

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

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Price: Free Consultation

Livonia, MI

Why choose this provider?

Need help contacting a Financial Advisor in Livonia? 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.

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

Price: Free booking service | Call 848.Book.Pro!

Website
218 S. Main Street Suite A, Plymouth, MI 48170
  • Investment Management
  • Financial Planning

Why choose this provider?

Savant Wealth Management is a financial planning firm that serves individuals, families, and businesses from Livonia and the surrounding areas. Its services include comprehensive wealth management, investment management, and financial planning. It also offers estate planning and wealth transfer, tax advisory and preparation, and trust services. Founder Brent R. Brodeski has been working in the financial services industry for over three decades. He is a Certified Financial Planner, Certified Public Accountant, and Chartered Financial Analyst.

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

Website
24800 Denso Drive, Suite 300, Southfield, MI 48033
  • Certified Financial Planner (CFP)

Why choose this provider?

Center for Financial Planning, Inc., is an investment advisory firm serving Livonia. It offers services focusing on divorce and financial planning as well as investment management. It assesses its clients’ financial picture to establish their needs and assists them in developing plans that align with their goals. It also monitors these plans to determine if changes are needed to improve performance. The company was listed as one of the 300 Top RIAs by Financial Times from 2015 to 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

Website
340 N Main St Suite 207, Plymouth, MI 48170
  • Estate Planning
  • Retirement Planning
  • Financial Planning

Why choose this provider?

Autumn Financial Advisors, LLC, serves clients in Livonia. It provides a wide range of financial planning solutions, including insurance analysis, retirement planning, Social Security optimization, and debt management. The company also offers recommendations for clients' estate plans. It deals with investment management and works to obtain good returns through a multi-strategy investment philosophy. The firm is managed by husband-and-wife team Erik Ringo and Brittany Goodwillie. Goodwillie is a member of the National Association of Personal Financial 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
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
Helpfulness
Detail

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

Why choose this provider?

RFC Financial Planners works with clients in the Livonia metro. Its advisors help clients create personalized cash-flow plans that are geared towards achieving their specific targets. Each client is assessed according to spending habits and current financial standing. Risk management planning is also available to ensure sustainable financial growth. The company's list of financial services includes workplace planning for managing benefits, values-based investing, and tax planning. Michael Rautiola and Adam Finch also offer college and estate 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.
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

Website
41011 Ann Arbor Road, Plymouth, MI 48170
  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Why choose this provider?

Peak Wealth Management is an investment advisory services provider that offers guidance on retirement and financial matters. It educates clients from Livonia on sound financial planning practices via an approach it calls Blueprinting, which is a holistic assessment of a client's current situation, outlook, and goals. The company also employs its Peak Income 360, a strategy for retirement planning that replaces pension with multiple passive income streams. Founder Nick Hopwood, who devised these strategies, is a Certified Financial Planner who has managed over $235,000,000 in client portfolios.

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 (82)
Facebook
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

Website
15855 Farmington Rd., Livonia, MI 48154
  • Certified Financial Planner (CFP)
  • Financial Planning

Why choose this provider?

Financial & Portfolio Advisors, Ltd., has been serving clients in the Livonia community for over 30 years. The firm aims to address the clients' financial issues through investment management services. These include using the asset accumulation strategy process, allowing individuals to manage their portfolios, and assisting them in getting through various economic situations. Its advisors understand the importance of allocating the clients' investment assets risk tolerance when developing a portfolio. The firm also offers retirement, tax, and estate planning solutions.

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
Helpfulness
Detail

Website
186 E. Main Street, Suite 200, Northville, MI 48167
  • Estate Planning
  • Tax Planning
  • Retirement Planning

Why choose this provider?

Sigma Investment Counselors is a fiduciary financial planning firm that serves the Livonia area. Its team offers investment counseling for women, whether they are widowed, divorced, or retired. The financial advisors address concerns regarding losing a spouse's pension, balancing investments with partners, and securing retirement post-divorce. They also help small business owners reduce taxable income and navigate matters concerning asset planning, risk management, and wealth accumulation. Company CEO Robert Bilkie is a Chartered Financial Analyst (CFA) and a former regional director of the CFA Institute.

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

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

Why choose this provider?

Richard W. Paul & Associates, LLC, is a family-owned and family-operated boutique firm that serves clients in Livonia. It offers personalized wealth management solutions to individuals, families, and businesses. The firm's financial advisors have 80 years of combined experience assisting clients in planning and implementing strategies designed to elevate assets and investments. They also handle retirement, life insurance, asset protection, wealth accumulation, and tax planning matters. The firm's president, Richard Paul, was recognized as a Financial Trendsetter by USA Today.

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 (31)
Facebook
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.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
15431 Middlebelt Rd, Livonia, MI 48154
  • Finance Planning
  • Financial Planning

Why choose this provider?

Established in 1985, RWS Financial Group is a family-owned investment management and financial planning firm serving Livonia. It offers services for both individuals and businesses, including help with estate and tax planning, insurance, and retirement plans. It assists clients in building portfolios and advises them on potential risks to grow their wealth. It assesses aspects of its clients’ financial life and uses the data to create customized plans that match their needs. It also offers disability, life, and long-term care insurance.

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

Website
3883 Telegraph Road, Suite 203, Bloomfield Hills, MI
  • Certified Financial Planner (CFP)

Why choose this provider?

Michigan Retirement Advisors is a financial services company that caters to clients in Livonia. It provides investment planning services and conducts various activities like risk evaluation and performance analysis. The company also educates clients on tax minimization strategies and cash flow management. It assists individuals and companies through the process of designing retirement plans. Adam Weiner, one of the company's advisors, is a former divisional vice-president for the global insurance firm AIG. He served the U.S. military as a member of the Navy SEALs.

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

Website
21420 Greater Mack Ave., St. Clair Shores, MI 48080
  • Financial Planning

Why choose this provider?

Sequoia Financial Group offers guidance to clients in Livonia for achieving their wealth goals. Its agents spend time to know about their clients, helping identify their goals and plan steps on how to meet these objectives. They offer financial planning, estate or tax planning, asset management, and generational wealth management. In addition, the advisors review individuals' assets and income to determine ways to protect them. The agency was included in Barron's 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

Website
409 Plymouth Rd, Suite 206, Plymouth, MI 48170
  • Finance Planning

Why choose this provider?

Telos Financial is an independent office that caters to clients in Livonia. Its advisors are held at a fiduciary standard in planning needs-oriented solutions and recommending investment strategies for retirement, estate, and wealth planning. In addition, they participate in financial planning continuing education programs to learn the best way of helping their clients. Founder Dennis LaVoy is a Certified Financial Planner and Chartered Life Underwriter who has been serving individuals, families, and corporations in the industry since 2008.

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
Yelp
5.0 / 5 (3)
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

Website
28411 Northwestern Highway Suite 1300, Southfield, MI 48034
  • Financial Planning

Why choose this provider?

Michigan Financial Companies cater to young professionals, families, and retirees around Livonia. It follows a series of steps in helping clients with their financial planning concerns. From the identification of specific goals to the analysis of options to the implementation of strategies and solutions, the firm educates its clients every step of the way. It is led by Nick J. Valenti, a Certified Financial Planner and Chartered Financial Consultant, who has at least 40 years of experience in the insurance and financial services industry.

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

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.

  • What are the benefits and drawbacks of Livonia's fixed rate mortgages?

    The fundamental benefit of fixed-rate mortgages in Livonia is that payments are the same regardless of the state of the interest rate market. However, the beginning interest rates are often greater than those on variable-rate loans. This is done by financial institutions as a safeguard in case market interest rates go up. A fixed-rate mortgage holder may also decide to refinance their loan if market interest rates start to decline. This may require additional fees, paperwork, and closing expenses.

  • What are the additional expenses that come with owning a home in Livonia?

    Annual property taxes, homeowner's insurance, association dues, utilities, and maintenance fees are just a few extra expenses that Livonia residents must pay. The national average for annual property taxes is around 1% of the home's value, while local variations may exist. The cost of homeowner's insurance ranges from $500 to $1,500 per year, depending on the worth and contents of the property. The amenities and the home's location also affect the association fees, which are typically $200-$400 per month. 

  • What structural variations exist between mutual funds and exchange-traded funds in Livonia?

    Mutual funds consolidate capital, which is then used to make investments in order to pursue the goals outlined in the prospectus for the funds. The resulting assets are then managed by investment companies in Livonia. On the other hand, ETFs are blocks of shares moved by an investment company toward an objective. Broker-dealers sell ETFs, which trade similarly to stocks and are listed on stock exchanges.

  • What are catch-up contributions, and what advantages can they give Livonia residents?

    Individuals in Livonia who are 50 and older can increase their 401(k) and IRAs through catch-up contributions. The 2023 cap is $30,000, so they might contribute an additional $7,500 each year to their tax-deferred retirement account. The benefit of this is that it makes a significant difference in the account's final balance and, consequently, in the revenue the account may ultimately produce.

  • How are Livonia financial advisors compensated?

    Transaction and ongoing fees are the two main types of compensation investors pay to Livonia financial experts in exchange for their counsel and services. Transaction or one-time fees include commissions paid per sale, markups or markdowns, sales loads, and surrender and redemption charges. As for ongoing fees, they include payment for managing assets and annual operating expenses.

  • 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.