Lorain County, OH Financial Advisors and Resources

Financial Advisor Firms in Lorain County, OH



(440) 985-1141

36901 American Way
Unit 5
Avon, OH 44011

SEC#: 801-71457
Years in Business: 11 years

How Retirement-Friendly is Lorain County, OH?

  • Population: 307,670
  • % of Population 62 Years and Over: 21.8%
  • Average Home Value: $161,300
  • Average Monthly Housing Cost: $892
  • Average Household Income: $77,113
  • Ohio Total Tax Burden: 8.96% (16th Highest in U.S.)
  • Ohio Property Tax: 2.78% (25th Lowest in U.S.)
  • Ohio Individual Income Tax: 2.54% (17th Highest in U.S.)
  • Ohio Sales and Excise Tax: 3.64% (18th Highest in U.S.)

Lorain County, OH Financial Advisor FAQs

Financial advisors typically charge on a per-hour basis with rates ranging from $125 to $2000 or more per hour, depending on their level of service. Sometimes the flat rate's hourly fee might be waived for certain accounts over a specific balance.
It is worth asking the financial advisor of any limitations or disclaimers he needs to clarify. Make sure he discusses these very clearly so you can set expectations within proper limits.
A lot of financial advisors are paid via commissions. This is done by taking a percentage of the products they sell to clients.
A financial advisor can help you formulate realistic goals for your money, devise a plan to reach those goals, and offer empathy in the face of financial difficulties. He or she may also be able to customize investment strategies to match your risk tolerance and time horizon.