Find a Financial Planner in Detroit, MI

 

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We did the hard work of finding trustworthy partners in Detroit, MI.

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We Only Work With The Best Detroit Financial Advisors


We Exclusively Work With Select Partner Firms Who Meet The Highest Standard of Excellence and Trust.

3rd Party Rankings

Our partners have been recognized by some of the best media publication sources like Financial Times, Investor.com, Forbes, and Barron’s

Conflict Free

Our partners will also never sell proprietary investment products

Experience

All leads will be connected with a firm who has been in business for 20+ years

Education & Designations

All leads will be given to a certified CFP with designation from FINRA

Trustworthiness

All of our partners are credible — No conflicts of interest and no disciplinary history

 

Our Process for Choosing
An Independent Financial Advisor in Detroit, MI


  • Financial Advisor Close to Detroit, MI

  • All Advisors Must Meet Fiduciary Standard

  • “Fee-Only” Compensation To Ensure Conflict-Free Advice

  • Exemplary Disciplinary History

  • Required Education and Designations

  • Expertise with Client’s Specific Needs

 

How Can a CFP® in Detroit Help You?

Wealth management is a type of financial planning that incorporates many other financial services. Catering to high-net-worth individuals in the Detroit area, wealth managers seek to build comprehensive wealth for their clients through a variety of vehicles, including investments, retirement planning, estate planning, asset management, tax planning, and more.
Personal financial planning is a service in which a qualified financial planner provides advice, planning, and management services for their clients. The goal of these services in Detroit is to help clients better understand finance, map out a plan for future financial success, and offer expert assistance where necessary.
17.1% of Detroit's population is of retirement age (62 years and older). For those individuals, the goal of retirement planning is to create a source of income for one’s retirement years. It starts with determining an individual’s retirement goals and then lays out a financial strategy to accomplish them. In the Detroit area, this strategy might include income and expense planning, savings strategies, investing advice, and asset and risk management.
The goal of estate planning is to establish a clear plan for the distribution of your assets--called your "estate"--upon your death, incapacitation, or another predetermined condition. Estate planning in the Detroit area is typically done by a financial advisor, but sometimes legal professionals are required to assist with things like a living will.
Business financial planning sets out the financial path a company takes to achieve its goals over a stated timeline. Business financial planning can be very granular, addressing specific projections for business expansion, equipment needs, staffing, resources, cash flow, and financing options in the Detroit area.
Tax planning refers to a service offered by qualified financial professionals who analyze your financial situation comprehensively and determine how best to use deductions and write-offs to minimize your tax payments. In the Detroit area, tax planning is often included with other services like asset management, estate planning, and retirement planning. Tax planning strategies will differ depending on depending on where you live. Michigan has unique laws defining which actions trigger a taxable event and has the 24th highest total tax burden in the U.S., including income, property, and sales tax.
Transition planning for divorce or loss of a spouse involves working with an attorney or financial advisor to create a financial planning strategy to protect your assets and heirs in the event of death or divorce. In the Detroit area, it typically includes updating wills and trusts, evaluating life insurances, long-term care arrangements, and creating inventories of bills, financial accounts, and other interests.
Debt consolidation is a good way to make high-interest debts more manageable. Advisors in the Detroit area can bundle high-interest loans together under more favorable financing terms. This often results in lower interest rates, or lower monthly payments.

 

The Value of Working With the Best Financial Planners in Detroit, MI


A good financial planner can increase your returns by as much as 3% annually.

Vanguard

$2,010,221.91
Without Advisor

$4,643,687.46
With Advisor

Assuming $350k initial investment at 6% annual growth vs 9% annual growth for 30 years.

Find a Fee-Only Financial Planner Near Detroit, MI

We evaluated over 13,000 RIA firms to bring you the best of the best Detroit financial advisors.
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How Retirement-Friendly is Detroit, MI?

  • Population: 674,841
  • % of Population 62 Years and Over: 17.1%
  • Average Home Value: $66,300
  • Average Monthly Housing Cost: $722
  • Average Household Income: $44,730
  • Michigan Total Tax Burden: 8.34% (24th Highest in U.S.)
  • Michigan Property Tax: 3.02% (19th Highest in U.S.)
  • Michigan Individual Income Tax: 2.23% (20th Lowest in U.S.)
  • Michigan Sales and Excise Tax: 3.09% (18th Lowest in U.S.)


The Top Financial Advisor Firms in Detroit, MI


COMERICA SECURITIES

Website

(800) 232-6983

411 West Lafayette Blvd.

Detroit, MI 48226

SEC#: 801-64897
Years in Business: 15 years

WORLD ASSET MANAGEMENT, INC.

Website

(313) 222-3800

411 West Lafayette Blvd.
5th Floor, Mc3379
Detroit, MI 48226

SEC#: 801-67327
Years in Business: 14 years

HURON CAPITAL PARTNERS LLC

Website

(313) 962-5800

500 Griswold Street
Suite 2700
Detroit, MI 48226

SEC#: 801-73784
Years in Business: 9 years

PENINSULA CAPITAL PARTNERS, L.L.C.

Website

(313) 237-5100

500 Woodward Avenue
Suite 2800
Detroit, MI 48226

SEC#: 801-73782
Years in Business: 9 years

EXPONENTIAL ETFS

Website

(313) 281-8000

1001 Woodward Ave Suite 500

Detroit, MI 48226

SEC#: 801-74619
Years in Business: 9 years

ROCKBRIDGE GROWTH EQUITY MANAGEMENT, L.P.

Website

(313) 373-7898

1555 Broadway, 4th Floor

Detroit, MI 48226

SEC#: 801-114423
Years in Business: 2 years