Find a Financial Planner in Southfield, MI

 

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We Only Work With The Best Southfield 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 Southfield, MI


  • Financial Advisor Close to Southfield, 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 Southfield Help You?

Wealth managers are financial professionals who work to comprehensively build their clients' wealth. Wealth management incorporates nearly all areas of the client's financial life, from investments and asset planning to tax management, retirement, estate planning, and more. In the Southfield area, wealth managers are typically used by high-net-worth individuals or high-capital organizations.
Personal financial planners in Southfield offer services that focuses primarily on helping clients establish, organize, and maintain their personal finances. This can take the form of managing their retirement accounts, investments, taxes, and other financial assets.
25.0% of Southfield'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 Southfield area, this strategy might include income and expense planning, savings strategies, investing advice, and asset and risk management.
Estate planning names the beneficiaries of your estate upon death and who has the responsibility to make healthcare and financial decisions on your behalf if you are incapacitated during life. A comprehensive estate plan includes a living will and other types of legal documentation as needed to achieve its intended outcome. In the Southfield area, qualified financial professionals--like financial advisors--offer estate planning services.
Business financial planning is a service focused on helping businesses map out steps to achieve a financial goal over a set time. Business financial planning in the Southfield area addresses the many needs a business has, such as staffing, PP&E (property, plant and equipment), intangible assets, investments, etc.
Tax planning is a service offered by qualified tax planners, financial advisors, and other financial professionals in the Southfield area who determine what breaks are available to you to minimize your tax payments. 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 Southfield 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 and management is a service that can be performed by a qualified financial advisor in which they combine multiple existing loans into a single loan with more favorable financing terms. Advisors in the Southfield area often use this strategy when clients have high-interest credit card debt or private student loans.

 

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

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

  • Population: 73,174
  • % of Population 62 Years and Over: 25%
  • Average Home Value: $158,800
  • Average Monthly Housing Cost: $1,162
  • Average Household Income: $71,748
  • 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 Southfield, MI


LUMIN FINANCIAL, LLC

Website

(248) 936-9480

2000 Town Center
Suite 1825
Southfield, MI 48075

SEC#: 801-72205
Years in Business: 10 years

SKYOAK WEALTH

Website

(248) 348-6500

28411 Northwestern Hwy
Suite 760
Southfield, MI 48034

SEC#: 801-114715
Years in Business: 2 years

TELEMUS CAPITAL, LLC

Website

(248) 827-1800

Two Towne Square
Suite 800
Southfield, MI 48076

SEC#: 801-78535
Years in Business: 7 years

CIG ASSET MANAGEMENT, INC.

Website

(248) 827-1010

1000 Town Center
Suite 2500
Southfield, MI 48075

SEC#: 801-66667
Years in Business: 15 years

SGH WEALTH MANAGEMENT

Website

(248) 731-0029

26211 Central Park Blvd.
Suite 601
Southfield, MI 48076

SEC#: 801-113388
Years in Business: 2 years

ELE ADVISORY SERVICES, INC

Website

(248) 356-6555

18700 W. 10 Mile Road
Suite 100
Southfield, MI 48075

SEC#: 801-117442
Years in Business: 1 years

CORECAP ADVISORS

Website

(888) 296-3360

27777 Franklin Road
Suite 700
Southfield, MI 48034

SEC#: 801-72687
Years in Business: 9 years

CENTER FOR FINANCIAL PLANNING INC

Website

(248) 948-7900

24800 Denso Drive
Suite 300
Southfield, MI 48033

SEC#: 801-65076
Years in Business: 15 years

ADVANCE CAPITAL MANAGEMENT INC

Website

(248) 350-8543

One Towne Square
Suite 444
Southfield, MI 48076

SEC#: 801-28092
Years in Business: 34 years

PLANTE MORAN FINANCIAL ADVISORS

Website

(248) 352-2500

27400 Northwestern Hwy

Southfield, MI 48034

SEC#: 801-44058
Years in Business: 27 years