Find a Financial Planner in Farmington Hills, MI

 

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

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We Only Work With The Best Farmington Hills 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 Farmington Hills, MI


  • Financial Advisor Close to Farmington Hills, 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 Farmington Hills Help You?

Wealth management is a type of financial planning that incorporates many other financial services. Catering to high-net-worth individuals in the Farmington Hills 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 planners work with their clients to create strategies for both short-term and long-term financial improvement. Financial planners in Farmington Hills typically take a holistic approach, centered on advice and planning, offering management services for taxes, retirement accounts, or investments.
23.8% of Farmington Hills'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 Farmington Hills area, this strategy might include income and expense planning, savings strategies, investing advice, and asset and risk management.
Estate planning is defined as the establishment of a legally compliant and comprehensive plan of action for the distribution of your asset base upon your death. In the Farmington Hills area, estate planning may also consist of legal documentation regarding who is allowed to make medical decisions on your behalf, should you become incapacitated, as well as funeral arrangements.
Business financial planning is the task of mapping out a path to achieving a business's financial goals. These goals are often expanded and reevaluated as the company grows, making financial planning for businesses in the Farmington Hills area an ongoing effort.
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 Farmington Hills 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 Farmington Hills 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 Farmington Hills 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 Farmington Hills, 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 Farmington Hills, MI

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

  • Population: 81,214
  • % of Population 62 Years and Over: 23.8%
  • Average Home Value: $258,900
  • Average Monthly Housing Cost: $1,276
  • Average Household Income: $106,571
  • 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 Farmington Hills, MI


BLOOM ADVISORS

Website

(248) 932-5200

31275 Northwestern Hwy
Suite 145
Farmington Hills, MI 48334

SEC#: 801-49217
Years in Business: 26 years

BLUE CHIP PARTNERS, INC.

Website

(248) 848-1111

38505 Country Club Drive
Suite 150
Farmington Hills, MI 48331

SEC#: 801-64705
Years in Business: 15 years

THE ENTERPRISE INVESTMENT COMPANY

Website

(248) 539-8282

30301 Northwestern Highway
Suite 200
Farmington Hills, MI 48334

SEC#: 801-103471
Years in Business: 6 years

GPM GROWTH INVESTORS, INC.

Website

(248) 865-0518

30500 Northwestern Hwy.
Suite 313
Farmington Hills, MI 48334

SEC#: 801-43846
Years in Business: 28 years

WASSERMAN WEALTH MANAGEMENT, LLC

Website

(248) 626-3900

31700 Middlebelt Road
Suite 130
Farmington Hills, MI 48334

SEC#: 801-66931
Years in Business: 15 years

BERINGEA, LLC

Website

(248) 489-9000

32330 W. 12 Mile Road

Farmington Hills, MI 48334

SEC#: 801-74510
Years in Business: 9 years