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Best Financial Advisors in Macomb

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Macomb, 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

Atticus Wealth Management logo
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Atticus Wealth Management

51863 Schoenherr Road, Suite 102, Shelby Township, MI 48315
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  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Business Description

Atticus Wealth Management is a fiduciary financial planning firm that serves individuals and businesses in Macomb and its neighboring areas. With a focus on corporate executives in the engineering and technology fields, the firm's line of financial planning services encompasses financial goals related to education, retirement, home improvement, travel, and starting a business. Its team of financial advisors with CFP and CPFA designations provides recommendations for investment allocation, insurance plans, tax minimization strategies, and managing cash flow.

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
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Detail
Davis Capital Management, LLC logo
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Davis Capital Management, LLC

51424 Van Dyke Avenue, Suite #9, Shelby Township, MI 48316
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  • Finance Planning

Business Description

Davis Capital Management, LLC, provides financial planning guidance to clients in Macomb. Its agents meet with individuals to discuss their financial positions, net worth, and cash flow statements. They evaluate risks and provide advice on managing investments and tax-efficient investment strategies. The company's advisors present timelines and possible scenarios to assist in projecting retirement goals. In addition, the advisors help with estate planning and trust funding. Founder Larry L. Davis Jr. developed the company's PET FORMula, a personal financial organizer.

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 (17)
Google
5.0 / 5 (4)
Fintentional LLC logo
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Fintentional LLC

1221 Bowers Street #2532, Birmingham, MI 48012
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  • Retirement Planning

Business Description

Serving clients throughout Macomb, Fintentional, LLC, offers financial planning services through its Comprehensive Financial Planning Program. This program is suitable for those looking to monitor, develop, and advance their financial plans and investments. It assists with estate and retirement planning and cash flow and debt management. The company administers financial behavioral assessments to get a better grasp of the clients' financial goals. Michael Palazzolo, the company principal, has been featured in multiple publications, including Reuters, CNBC, The Wall Street, and Yahoo! Finance.

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
Firma Financial Planning logo
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Firma Financial Planning

17957 Hall Rd, Macomb, MI 48044
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  • Certified Financial Planner (CFP)

Business Description

Firma Financial Planning serves clients throughout Macomb and the neighboring communities. This financial advisory firm provides fiduciary guidance, including financial and tax planning, qualified retirement plan assistance, and estate planning services. It helps clients in understanding their current financial situation and offers portfolio analyses. Clients can access their accounts through a virtual portal, wherein they can receive updates on the progress of their finances. Its team of financial specialists provides clients with tailored strategies according to their situation and goals.

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
Friendliness
Helpfulness
Detail
Horizon Advisers logo
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Horizon Advisers

18444 W. 10 Mile Road, Southfield, MI 48075
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  • Estate Planning
  • Tax Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Horizon Advisers helps clients in Macomb pursue financial confidence by giving guidance on financial planning, business retirement, and asset protection. Since 2012, the firm has been assisting families and businesses make educated decisions on their financials. It reviews clients' tax documents and histories, formulates investment strategies, and provides clarity on income sources. Managing director, Alexander Dinser is a Certified Financial Planner (CFP) and a Chartered Financial Consultant (ChFC) that dedicates his practice to financial planning and in helping clients achieve their financial objectives.

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 (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
MassMutual Great Lakes logo
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MassMutual Great Lakes

3000 Town Center, Suite 3100, Southfield, MI 48075
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  • Financial Planning
  • CFA Charterholder

Business Description

MassMutual Great Lakes serves families and individuals in Macomb in planning their finances for the future. It helps clients get financially prepared for life events, hardships, and wealth accumulations. The company's representatives offer support in picking solutions and products to meet their needs such as 529 college savings, annuities, disability income insurance, life insurance, and mutual funds. MassMutual Great Lakes commits to the community by working with organizations like The Melanoma Research Foundation and Beyond Basics.

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
Helpfulness
Detail
––
Sequoia Financial Group logo
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Sequoia Financial Group

21420 Greater Mack Ave., St. Clair Shores, MI 48080
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  • Estate and Trust Specialist
  • Financial Planning

Business Description

Sequoia Financial Group, based in Akron, provides financial management services for individuals in Macomb and the surrounding communities. Its wide array of services include financial and retirement planning, asset management, and wealth transfer and estate planning. The agency also assists ultra-high-net-worth clients with over $25 million in assets in planning business succession and strategizing philanthropic projects. Tom Haught, CEO and founder, is a Chartered Financial Consultant and a Certified Financial Planner. Haught has been named among Crain's Cleveland Business’ 40 under 40.

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 (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
Smart Money Financial Advisors logo
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Smart Money Financial Advisors

12900 Hall Road, Ste 250, Sterling Heights, MI 48313
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Smart Money Financial Advisors, based in Sterling Heights, serves clients in Macomb and the surrounding areas. It offers advice on various financial matters such as investment allocation, tax planning, and risk management, assisting retirees and pre-retirees in planning and managing their finances. It offers The Collaborative Blueprint™ process for clients to help them get a picture of how their retirement will progress given their financial standing. Reno Frazzitta, the founder of the company, is a CFP and fiduciary advisor.

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 (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
Summit Financial logo
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Summit Financial

43409 Schoenherr Road, Sterling Heights, MI 48313
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Summit Financial provides individual and corporate clients in Macomb with a full range of services to plan for retirement, investment, health insurance, and college. It offers guidance in allocating funds for retirement, helping individuals determine appropriate income methods. Summit Financial is an independent agency that aims to connect people with investments that are suitable for their investment risk score. Co-founder Robert L. Wink Jr., with a primary role as a fiduciary financial advisor, has been in the industry for 32 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.
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
Tarr Financial logo
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Tarr Financial

167 South Main Street - Suite 1, Romeo, MI 48065
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  • Certified Financial Planner (CFP)

Business Description

Tarr Financial is a veteran-owned company that aims to help individuals and families in Macomb attain their long-term financial goals through its broad range of financial planning services. Having been in the financial services business for more than 25 years, the firm assists with investment management, retirement planning, cash flow and budget management, and insurance purchasing. The firm's president, Gregory Tarr, is a Registered Principal with LPL Financial and holds the professional designation of 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.
4.4
Google
4.2 / 5 (5)
Facebook
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
Wealth Strategies Financial Group logo
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Wealth Strategies Financial Group

2000 Town Center, Suite 1600, Southfield, MI 48075
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  • Financial Planning

Business Description

Wealth Strategies Financial Group serves clients in Macomb. The firm helps individuals achieve financial stability and security through its array of services, including retirement and tax planning and investment management advice. Its professionals educate clients on building their wealth and creating action plans that lead to their financial goals. Mike Amine, the company's managing partner, has over20 years of experience as a financial advisor. He is a board member of the National Association of Insurance and 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.
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
––
Zhang Financial logo
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Zhang Financial

101 West Big Beaver Road 14th Floor, Troy, MI 48084
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  • Certified Financial Planner (CFP)

Business Description

For over three decades, Zhang Financial has been serving clients in Macomb. It guides individuals through financial planning and advises on areas like insurance, education, retirement, and tax planning. The company also works with multiple financial services companies, such as Charles Schwab and LPL Financial, to provide clients with tailored solutions. Charles Zhang, the company's founder, is the author of the book "Make Yourself a Millionaire." He has been featured on various media outlets, including The Wall Street Journal, CNN, and the 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 (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
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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