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Best Financial Advisors in Westland

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Westland, MI
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  • 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
Yelp
4.0 / 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.
4.0
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Price: Free Consultation

Autumn Financial Advisors, LLC logo
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Autumn Financial Advisors, LLC

340 N. Main Street Suite 207, Plymouth, MI 48170
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  • Tax Planning
  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Autumn Financial Advisors, LLC is an independent advisory firm serving Westland. It offers a range of personalized services, including college, retirement, and tax planning, and investment management. It assesses clients’ financial information and uses the data in developing plans to help them achieve their financial goals, such as college funding, reducing debts, maximizing wealth, or preparing for retirement. It reviews these strategies regularly to improve performance or accommodate life changes. In addition, it assists clients in constructing investment 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 (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
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Bespoke Planning logo
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Bespoke Planning

32674 Woodbrook Dr., Wayne, MI 48184
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  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Business Description

Bespoke Planning is a financial advisory firm that serves individuals and families in Westland. Its scope of work ranges from helping families plan for higher education for younger members to assisting senior citizens with retirement and estate planning. It offers a proprietary financial online dashboard that displays data from a client's various financial accounts. Founder John Losen has worked as a financial advisor since 2013 and holds 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.
5.0
Google
5.0 / 5 (11)
Facebook
5.0 / 5 (9)
Financial & Portfolio Advisors, Ltd. logo
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Financial & Portfolio Advisors, Ltd.

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

Business Description

Financial & Portfolio Advisors, Ltd., serves the Westland area. The firm has over 30 years of experience assisting its clients in achieving their financial objectives. Its advisers provide financial planning and investment management services, using a process that maintains customers' portfolios. In constructing customers' portfolios, they allocate risk tolerance and investment assets. The company also provides general counseling and estate, retirement, life, and tax insurance planning. Daniel S. MacIver, the firm's president, is an Accredited Tax Preparer, an Accredited Investment Fiduciary, and 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 (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
Financial Strategies Group, Inc. logo
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Financial Strategies Group, Inc.

41000 W. Seven Mile Rd Suite 211, Northville, MI 48167
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  • Certified Financial Planner (CFP)

Business Description

Financial Strategies Group, Inc. is a registered investment advisory firm that serves clients in the Westland area. It provides financial consulting and advice to help clients properly manage their finances and achieve their long-term plans with proper guidance. Its team is skilled in estate, retirement, insurance, and tax-strategy planning. The company works with retirees, young professionals, families, and business owners. It gives back to the community by supporting charitable organizations such as the Redford Interfaith Relief and the Child and Family Charities.

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 (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
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Detail
Knepp Financial Group, LLC logo
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Knepp Financial Group, LLC

16801 Newburgh Road, Suite 103, Livonia, MI 48154
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Knepp Financial Group, LLC, is a team that provides securities and investment advisory services to individuals and families in Westland. Its financial specialists are knowledgeable about various products including stocks, bonds, government securities, mutual funds, and variable annuities. They offer guidance regarding insurances ranging from whole, term, and universal life coverage. The firm has partners and employees that provide estate tax planning and preparation, asset management, and brokerage services. Founding principal Jason Davis is a member of the National Association of Tax Professionals.

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
Peak Wealth Management logo
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Peak Wealth Management

41011 Ann Arbor Road, Plymouth, MI 48170
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  • Investment Management

Business Description

Peak Wealth Management is a Plymouth-based company serving clients throughout Westland. This company provides clients with financial planning services, assisting them in understanding their risk tolerance for investments, managing their estate, preserving their wealth, and developing insurance strategies. The company also guides clients in understanding tax strategies and making financial strategies and budgets. Nick Hopwood, president and founder of the company, has been managing over $160 million in client portfolios for over 20 years. The company has been featured in various publications, including Business Insider.

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 (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
Radabaugh Financial Services logo
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Radabaugh Financial Services

6840 N. Haggerty Road, Canton, MI 48187
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  • Certified Financial Planner (CFP)

Business Description

Radabaugh Financial Services serves clients in Westland and nearby areas. It offers a wide range of financial services that include wealth management, retirement planning, debt management, and cash flow management. The firm provides additional services, such as educational planning, estate planning, and family risk management. Managing member Donald A. Radabaugh is a CPA, who is a member of the Tax Section of the American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accountants.

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.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Raymond James logo
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Raymond James

21500 Haggerty Road Suite 160, Northville, MI 48167
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  • Certified Financial Planner (CFP)

Business Description

Raymond James Financial Services, Inc., is an investment advisory firm that caters to business owners, corporate executives, retirees, families, and women investors in Westland. It offers an array of services, including banking and lending solutions, financial and retirement planning, and investment management. Raymond James is comprised of a diverse team that focuses on distinct areas. For instance, firm president Nicolas E. Bonn is a Certified Financial Planner and Certified Plan Fiduciary Advisor who advises clients on matters involving wealth and retirement.

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
RFC Financial Planners logo
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RFC Financial Planners

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

Business Description

RFC Financial Planners serves Westland residents going through various phases of life. Its scope of work ranges from helping couples develop financial plans for their children's higher education to assisting employees and senior citizens in ironing out details regarding their workplace retirement benefits and retirement income. The company also houses a team of accountants that perform tax planning services. Matthew Bowden, one of the company's financial advisors, holds the Chartered Financial Consultant from The American College of Financial Services.

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 (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
Richard W. Paul & Associates, LLC logo
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Richard W. Paul & Associates, LLC

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

Business Description

Richard W. Paul & Associates, LLC is a team with 80 years of collective experience in the financial services industry. The company assists individuals with retirement planning, wealth accumulation and management, insurance coverage, estate planning, and effective tax strategies. The company’s founder, Richard W. Paul, is a radio personality who has been educating residents in Oakland County and the Greater Detroit Michigan area on personal finance strategies for more than 25 years. The firm serves the residents of the Westland metro.

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 (33)
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
Savant Wealth Management logo
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Savant Wealth Management

218 S. Main Street Suite A, Plymouth, MI 48170
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Business Description

Savant Wealth Management is an independent financial advisory firm that serves individuals, families, and businesses in Westland. The firm helps clients wherever they are on life's journey through legacy planning, preparing for retirement, and building wealth. It also assists employers in growing and scaling their business by creating company retirement plans and providing tax advisory and preparation services. Savant Wealth Management is a recipient of several national accolades, including Barron's Advisor Hall of Fame and Charles Schwab's Best-in-Business IMPACT Award.

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
Telos Financial logo
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Telos Financial

409 Plymouth Rd, Suite 206, Plymouth, MI 48170
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  • Investment Management
  • Financial Planning

Business Description

Serving the community of Westland, Telos Financial is a boutique firm that offers financial planning assistance. It helps individuals and families prepare for all stages of life and also serves investors, large corporation executives, and a diverse range of professionals. Its services include financial planning and tracking, asset location analysis, investment tax management, small business consulting, and wealth and asset management. Dennis LaVoy, the financial advisor from Telos Financial, has been providing professional financial advice since 2008. He is a Chartered Life Underwriter.

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 (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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Helpfulness
Detail
The Financial Planning Company logo
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The Financial Planning Company

333 W 7th St, Royal Oak, MI 48067
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Business Description

The Financial Planning Company provides advice to Westland clients in terms of wealth building and retirement and estate planning. It also guides families in managing their finances for special needs and college education. The company also offers investment management services that include assets placements, tax-loss harvesting and conscience trading, and quarterly portfolio rebalancing. The firm is in compliance with SEC fiduciary regulations and it also has exposure to the small, medium, and large companies around the globe.

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 (11)
Facebook
5.0 / 5 (8)
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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