Wyoming, MI Financial Advisors and Resources

Financial Advisor Firms in Wyoming, MI



(616) 261-2800

1535 44th st Sw Suite 400

Wyoming, MI 49509

SEC#: 801-61660
Years in Business: 18 years

How Retirement-Friendly is Wyoming, MI?

  • Population: 75,702
  • % of Population 62 Years and Over: 13.4%
  • Average Home Value: $131,300
  • Average Monthly Housing Cost: $887
  • Average Household Income: $66,688
  • 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.)

Wyoming, MI Financial Advisor FAQs

The first thing you should do is evaluate your readiness to take on this responsibility. It's also important to figure out what level of service you're looking for, as that will impact the type of advisor you need.
The cost of a financial advisor depends on a number of factors, most importantly the asset size they are advising. You will also be paying commissions when buying or selling anything from their recommended stocks or funds - typically these commission fees range from 1-3%.
A financial advisor should always provide a full, accurate picture of all the fees and charges that could apply. Be sure to ask about any up-front or back-end loads, or any type of fee that is not calculated annually. Ask how the adviser chooses investments for you and what role you'll play in this selection process, if any.
Financial advisors typically charge an annual fee based on the value of the assets they manage. The fee is normally expressed as a percentage, usually somewhere between 1% and 2%. Different types of financial advisors assess these fees differently but the cost should include administrative, compliance, consulting services and investing/management fees from providers such as mutual funds, ETFs or hedge funds.