Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Ss&H Financial Advisors, Inc. Overview
SS&H Financial Advisors, Inc. is a Registered Investment Advisory firm that has been providing investment advice since 1982. The firm is headquartered in Troy, Michigan and operates on a fee-only basis, meaning they are compensated solely by their clients and do not earn commission from investment products. As an investment advice-only firm, SS&H focuses solely on providing personalized portfolio management services for individuals, small businesses, and institutional clients. Their mission is to provide objective, unbiased advice to their clients to help them achieve their financial goals and investment objectives. SS&H's portfolio management services include extensive research and analysis, ongoing portfolio monitoring, and strategic asset allocation. Whether it's a small business or an institutional client, SS&H Financial Advisors works closely with their clients to ensure that their portfolios are diversified, optimized, and aligned with their long-term financial objectives.
SS&H Financial Advisors, Inc. caters to a variety of clients, ranging from individual investors seeking financial advice to high net worth individuals and charitable organizations. The firm's team of experienced advisors works with each client on a personalized basis, taking into account their unique financial circumstances and goals. Whether it's creating a retirement plan or managing investment portfolios, SS&H Financial Advisors, Inc. strives to provide top-of-the-line financial strategies and services that meet the diverse needs of their clients. To accommodate the different service needs of its clients, SS&H Financial Advisors, Inc. offers several fee structures. For those seeking investment management services, the firm charges a percentage of assets under management (AUM) as its fee. This percentage varies depending on the size of the portfolio, but typically ranges from 1% to 2%. Hourly fees are also available for clients seeking one-time financial planning consultations or ongoing financial advice on an as-needed basis. Lastly, fixed fees are an option for clients requiring specific financial services, such as estate planning or tax preparation. No matter what the client's financial needs may be, SS&H Financial Advisors, Inc. is committed to providing transparent and fair fee structures to ensure that everyone receives top-quality financial advice and services.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for SS&H Financial Advisors, Inc. is $350,000, according to their Part 2 Brochure note about investment minimums. They specifically state that they will only work with clients who have at least this amount available for investment.
How This Office Can Help Southfield, MI Residents
SS&H Financial Advisors, Inc is a financial planning firm that specializes in helping individuals and families in the Southfield, MI area navigate the complexities of managing their finances. The firm offers a variety of services, including retirement planning, investment management, tax planning, and estate planning. These services are tailored to each client's unique financial situation and goals, helping them make informed decisions and achieve financial security. Given the challenges facing Southfield residents, such as high living costs and the need to plan for retirement, SS&H's financial planning services are critical to helping clients achieve their objectives. Many Southfield residents work in the automotive industry, and the uncertain economic environment of the industry can pose a threat to their financial security. Additionally, residents face the challenge of high medical costs and the need to plan for long-term care. By offering personalized advice and guidance, SS&H Financial Advisors, Inc. has become a trusted partner to Southfield residents on their journey towards achieving financial stability and pursuing their life goals.
Services Offered by Ss&H Financial Advisors, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Ss&H Financial Advisors, Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Ss&H Financial Advisors, Inc. is registered to service clients in the following states:
- Michigan
- Texas
Disciplinary History
Ss&H Financial Advisors, Inc. does not have any disclosures. Please visit it's Form ADV for more details.