Monroe County, MI Financial Advisors and Resources

Financial Advisor Firms in Monroe County, MI



(248) 807-3428

5520 W Erie Rd
Suite C
Ottawa Lake, MI 48858

SEC#: 801-66615
Years in Business: 15 years

How Retirement-Friendly is Monroe County, MI?

  • Population: 149,727
  • % of Population 62 Years and Over: 21.8%
  • Average Home Value: $168,200
  • Average Monthly Housing Cost: $931
  • Average Household Income: $77,703
  • 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.)

Monroe County, MI Financial Advisor FAQs

Yes. There are a lot of benefits to having a financial advisor, and it can take all the guesswork out of managing your money.
Ask if they are a fiduciary. A financial advisor with a fiduciary duty commits himself to putting his client's best interests first and above anything else.
Financial advisors are paid very differently, so there is no way of guaranteeing a fixed way of compensation. However, many financial advisors are paid a percentage of assets they have under management. Some also agree on being paid thru a flat rate.
Financial advisors offer both advisory and brokerage services. A good financial advisor should have an economics background and be extraordinarily detail-oriented--familiar with tax codes, labor law issues, retirement planning, insurance options and the intricacies of the stock market.