Expertise.com
2024

Last updated:

Best Financial Advisors in Waterford

Our Recommended Top 10

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 Waterford Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

26

Reviewed

19

Curated

10

Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Website
4139 West Walton Blvd, Suite D, Waterford, MI 48329
  • Certified Financial Planner (CFP)

Why choose this provider?

Serving Waterford and its nearby areas, Financial Freedom House has provided fiduciary services since 1983. The company relies on evidence-based strategies, such as the Modern Portfolio Theory, to help clients make sound long-term investment decisions. The firm, which also offers 401 (k) and 403 (b) solutions, was founded by Theodore "Ted" Lakkides, an army veteran who spent many years climbing the corporate ladder - working for companies like Unilever and Arm & Hammer - before finding his calling as a financial planner.

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
  • Certified Financial Planner (CFP)

Why choose this provider?

Michigan Financial Companies serves a wide range of clients in the Waterford metro, including business owners, young professionals, mature families, retirees, young families, and pre-retirees. For over 30 years, the firm has been providing various services, such as developing financial strategies, creating long-term financial plans, fine-tuning retirement strategies, protecting business revenue, and developing estate plans. Its team of financial advisors also offers personalized financial planning, including asset allocation recommendations. CEO Nick J. Valenti has 40 years of industry experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
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
4118 S Shore St, Waterford Twp, MI 48328
  • Certified Financial Planner (CFP)
  • Estate and Trust Specialist
  • Retirement Planning
  • Tax Preparation
  • Tax Planning

Why choose this provider?

Patterson Advisors offers financial planning to the locals of Waterford and the surrounding areas. The firm's focus is to help its clients align their finances with their goals, taking the time to build a relationship with them as the foundation of all planning. The comprehensive financial services it offers include insurance and investment analysis, retirement or transition planning, estate planning, tax planning, and education funding. The founder, David C. Patterson, 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

Website
7300 Dixie Hwy Ste#800, Clarkston, MI 48346

Why choose this provider?

Brass Ring Wealth Management provides assistance and advice on various aspects of managing one's finances in Waterford. Its advisors assist clients to organize their funds in preparation for retirement, advising them on investments and tax issues. They also assist in transferring assets to beneficiaries and planning children's college education. Founder Nathan Sealey holds several designations like ChFC, CLU, and CASL. He received the Five Star Wealth Management Award from Hour Magazine and business Magazine in 2016.

Reputation:

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

Professionalism:

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

Website
74 E. Long Lake Rd Suite 200, Bloomfield Hills, MI 48304
  • Certified Financial Planner (CFP)

Why choose this provider?

Northern Financial Advisors is a Registered Investment Advisor firm that caters to the financial advice needs of clients in Waterford and its surrounding areas. Its team of financial advisors guides clients in all areas of wealth management, investment planning, retirement planning, estate planning, and protection planning. Value-added services like cash flow management and continuous integration of a client's tax situation are also available. Founding owner Christine Isham maintains her status as an IRS Enrolled Agent and 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

Website
19575 Victor Parkway, Suite 210, Livonia, MI 48152
  • Retirement Planning

Why choose this provider?

Independent Financial Advisors, LLC, serves clients in Waterford and the surrounding communities. The firm offers comprehensive financial planning solutions, which include cash flow income analysis, education savings strategies, Social Security planning, life insurance analysis and review, and financial organization and oversight. It also offers guidance in areas of wealth management like portfolio construction and monitoring, tax-sensitive investments, and specialized portfolio research. President David Kelton brings more than 33 years of financial industry experience to the firm and its clients.

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 (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

Website
38505 Country Club Drive Suite 150, Farmington Hills, MI 48331
  • Retirement Planning

Why choose this provider?

Blue Chip is a financial advisory firm that serves the Waterford community. It helps nearly retired individuals and business owners achieve their desired financial outcomes by offering wealth and investment management solutions. The company also provides estate and tax planning strategies. Its founder, Robert K. Steinberg, is a certified public accountant, a Certified Financial Planner, and an estate planning attorney. He started his career working as a tax planner and advisor for a financial advisory firm.

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
2701 Cambridge Court Suite 412, Auburn Hills, MI 48326
  • Certified Financial Planner (CFP)

Why choose this provider?

Kaydan Wealth Management is an independent financial advisory firm serving the Waterford metro and nearby areas. The firm performs wealth management solutions to clients that are looking to build financial foundations, accumulate and enhance wealth, and preserve family legacies. Its financial advisors guide in managing investments, transferring wealth, and planning finances, tax, and retirement. Kaydan Wealth Management has been a fiduciary for more than 30 years. It gives back to the community through its Annual Community Shred initiative.

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
3121 University Drive Suite 100, Auburn Hills, MI 48326
  • Certified Financial Planner (CFP)

Why choose this provider?

Total Financial Guide Advisors is a company that serves the Waterford community. Its financial advisors offer a full range of life planning and financial solutions, including wealth management, tax services, portfolio design and analysis, and risk management. Its team conducts personal interviews with clients to learn about their values and goals, which are then incorporated into wealth-building strategies. The company is a member of the Financial Industry Regulatory Authority. Rebecca Carpenter, the firm's support advisor, 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
Facebook
5.0 / 5 (15)
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
5280 Dixie Highway, Waterford, MI 48329
  • Private Wealth Advisor
  • Retirement Planning

Why choose this provider?

For 31 years, Staub Financial has been helping clients and their families in Waterford and the surrounding areas to understand their financial purposes. Its financial planning process includes implementing a strategy based on its clients' financial situation and the advice of various professionals, such as estate planning attorneys and CPAs. Owner and senior advisor Corey A. Staub regularly reviews clients' portfolios to check if the policies meet their goals. In addition, Staub supports various causes, including children with cancer, through Camp Quality of Michigan.

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)

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 some money-saving tips for challenging financial periods in Waterford?

    In Waterford, residents should try and keep contributing to their retirement accounts, despite the high inflation and rising fuel and food costs, to be in a better financial position in the future. They must also review their media and streaming services and shop for cable and internet services to save money for unexpected bills. Other tips to save money during challenging financial periods include planning grocery trips, consolidating debt, reducing home running costs, and building an emergency fund.

  • Why should a Waterford resident consider investing?

    People in Waterford should consider investing to achieve their long-term financial goals because it helps individuals achieve self-determination and independence, support causes important to them, and pass their wealth to their heirs. Investments do not come without risks, and there is the possibility that the investor could lose some of their money, but working with a financial advisor and diversifying their investments could help mitigate the risks.

  • What are the disadvantages of borrowing money from a 401(k) in Waterford?

    Some individuals in Waterford may consider borrowing money from their 401(k) account to make a major purchase or pay off debt, but most financial experts caution against it. A disadvantage of borrowing from 401(k) is that the money they borrow will not benefit from the potentially higher returns of their investment and that most people stop contributing once they take loans. There is also the risk of job loss and overspending.

  • Should people in Waterford consider following a retirement bucket investment strategy?

    People in Waterford should consider the retirement bucket strategy because it is designed to help individuals grow their assets while allowing them to be comfortable with a withdrawal. The plan involves creating a safety bucket, income bucket, and growth bucket that will all work together to thrive in any market condition. The growth bucket is invested more aggressively, while the income and safety buckets are meant to keep up with inflation and handle the volatility of the stock market.

  • What are the factors that affect an individual's Social Security benefits in Waterford?

    The Social Security benefits of a Waterford resident are calculated based on their income over their working years and adjusted for inflation. In addition to the person's earning history, the number of years worked, the age at retirement, the age they began receiving benefits, and the potential eligibility for other government benefits could also have an impact on an individual's Social Security benefit.

  • 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.