Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Zhang Financial Overview
Zhang Financial is a fee-only registered investment advisory firm based in Portage, MI. Since its establishment in 2012, the firm has been focused on providing investment advice to individuals, businesses, and institutional clients. As a fee-only firm, Zhang Financial is committed to providing unbiased financial advice to its clients without any conflicts of interest. The firm's range of services includes financial planning and portfolio management for individuals and small businesses. They offer customized solutions based on the clients' investment objectives, risk tolerance, and unique financial situations. Additionally, Zhang Financial also provides portfolio management services for businesses or institutional clients, helping them manage their assets efficiently. Apart from investment advisory services, Zhang Financial also offers pension consulting services to help clients design and implement retirement plan strategies that align with their business goals. Their team of experts can assist with plan design, investment selection, compliance, and administration, ensuring that clients' retirement plans are well-managed and meet regulatory requirements. Overall, Zhang Financial is a trusted and reliable investment advisory firm that offers comprehensive financial planning and investment management services to individuals, businesses, and institutional clients. With their fee-only structure and experienced team of professionals, clients can expect objective advice that is tailor-made for their unique financial needs.
ZHANG FINANCIAL caters to a diverse range of clients from various backgrounds and industries. The firm assists individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and state or municipal government entities. The team at ZHANG FINANCIAL understands the unique challenges each of these client types faces and provides tailor-made solutions to help them achieve their financial goals. When it comes to fee structures, ZHANG FINANCIAL offers flexibility to its clients. The fee structures available depend on the services required. For clients who require investment management services, the firm charges a percentage of assets under management (AUM). Alternatively, for clients who require financial planning services, ZHANG FINANCIAL offers hourly fees, and for some clients, fixed fees may be established. The fee structures offer clients various payment options suitable for their unique financial situation, ensuring they receive the best value for their money. At ZHANG FINANCIAL, the team believes in transparency and works closely with clients to ensure they fully understand the fees charged and what they can expect in return.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Zhang Financial does not mention anything about investment minimums. Therefore, it is unclear what the firm's investment minimum may be. It would be best to contact an advisor at the firm directly and inquire about their investment minimums.
How This Office Can Help Troy, MI Residents
Zhang Financial is a trusted financial advisory firm that provides a wide range of services to clients in Troy, MI. They understand that every client’s financial situation is unique, which is why they offer personalized solutions to help clients achieve their financial goals. Whether someone is starting their career, planning for retirement, or managing their wealth, Zhang Financial can help. Troy, MI is home to many professionals and business owners, which means that they may face complex financial situations. Zhang Financial can help with investment planning, tax planning, asset protection, and retirement planning. They can also provide guidance on estate planning, insurance, and risk management. With their expertise and experience, Zhang Financial can help clients navigate the ever-changing financial landscape and make informed decisions about their finances.
Services Offered by Zhang Financial
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 Zhang Financial 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
Zhang Financial is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Florida
- Georgia
- Illinois
- Indiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- New Jersey
- New York
- North Carolina
- Ohio
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Utah
- Virginia
- Washington
- Wisconsin
Disciplinary History
Zhang Financial does not have any disclosures. Please visit it's Form ADV for more details.