Finding a Top Financial Advisor Firm in Ann Arbor, Michigan
Finding the right financial advisor who meets your needs isn’t always easy. We aim to simplify the process by laying out the top financial advisor firms Ann Arbor, Michigan . Below, we list each of our top firms with information detailing their account minimum, fee structure, typical clientele and more. Want a more personalized referral to a local advisor? SmartAsset's financial advisor matching tool can pair you with a financial advisor in your area based on your personal preferences.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Retirement Income Solutions, Inc. Find an Advisor||$1,713,234,765||$500,000|| || |
|2||Vintage Financial Services, LLC Find an Advisor||$608,400,000||$500,000|| || |
|3||Columbia Asset Management, LLC Find an Advisor||$579,915,007||$1,000,000|| || |
|4||Exchange Capital Management, Inc. Find an Advisor||$466,230,046||$500,000|| || |
|5||Arbor Trust Wealth Advisors, LLC Find an Advisor||$288,911,857||None|| || |
|6||Pollock Investment Advisors, LLC Find an Advisor||$187,093,858||$500,000|| || |
|7||Sage Hill Capital Find an Advisor||$135,369,788||None, but it prefers $1 million|| || |
Minimum AssetsNone, but it prefers $1 million
How We Found the Top Financial Advisor Firms in Ann Arbor, Michigan
To qualify for this list, firms must be based in Ann Arbor, Michigan and registered with the U.S. Securities and Exchange Commission (SEC). SEC registration is crucial, because all SEC-registered firms have a fiduciary duty to act in their clients’ best interests. We also only considered firms that are free of disclosures; which offer financial planning services; and which manage individual accounts. The final list is ordered according to each firm’s assets under management (AUM).
Retirement Income Solutions, Inc.
Established in 1992, Retirement Income Solutions, Inc. is a wealth advisory firm. Over the years, its client base has grown to around 1,200 members who hold more than $1.7 billion in assets under management (AUM). The vast majority of the firm’s clients are individuals or high-net-worth individuals, but it also manages accounts for pension plans, charitable organizations and corporations.
The firm provides fee-only asset management, financial planning and retirement plan consulting. On occasion, the firm may also select independent money managers for its clients. New clients of the firm are required to have at least $500,000 in investable assets.
Retirement Income Solutions Background
Retirement Income Solutions opened in 1992 under the leadership of K. Larry Hastie and R. Griffith McDonald. Today, the firm is owned by a combination of four managing partners: Brock E. Hastie, H. Todd Kephart, John B. Goff and Karen A. Chapell. The firm employs 14 advisors in total. Among these individuals, there are three certified financial planners (CFPs).
For asset management clients, the firm will typically charge a percentage of your AUM between 0.60% and 1.00%. Financial planning fees can come in the form of either a $300 to $1,000 fixed fee or a $50 to $150 hourly fee.
Retirement Income Solutions Investment Philosophy
Retirement Income Solutions begins every client relationship by discussing their risk profile, time horizon, cash flow needs, personal investment philosophy, asset allocation preferences and tax considerations. From there, the firm will determine what combination of asset classes would be most appropriate to help them reach their goals. The firm will also monitor the portfolio daily to determine when, and if, rebalancing is necessary.
The firm typically constructs portfolios using one or all of the following securities: individual equities and bonds, exchange-traded funds (ETFs), managed futures, alternative investments and no-load or load-waived mutual funds.
Vintage Financial Services, LLC
Vintage Financial Services, LLC is an advisory firm that has been around for over 30 years and has 14 financial advisors. The firm only accepts clients with at least $500,000 in investable assets. Vintage currently oversees a total of $355 million in assets under management (AUM) for more than 500 clients.
This fee-only firm can provide clients with financial planning, investment management and income tax preparation services. Its clients are a mix of individuals and high-net-worth individuals, with some charitable organizations as well.
Vintage Financial Services Background
Vintage Financial Services was first established in 1985. The firm is under the ownership of Franklin S. Moore, who also founded the firm and serves as its chief investment officer (CIO). COO Jack McCloskey and director of financial planning and tax John Owens round out the firm’s team of leaders.
Investment management services come with a negotiable fee that’s based on a percentage of your assets. These can range from 0.50% to 1.00%. Vintage Financial doesn’t charge any additional fees for financial planning services. For new clients, the firm imposes a minimum quarterly fee of $1,250, which could be cost prohibitive for some.
Vintage Financial Services Investment Philosophy
Vintage Financial Services opts for a tactical asset allocation approach when constructing client portfolios. This approach embraces the idea that a portfolio’s asset allocation, which is a designed mix of different asset classes and their respective proportions, is the most important factor in determining the return of that portfolio. Where tactical asset allocation differs from strategic asset allocation, another popular approach, is in its willingness to tweak allocation targets based on new information.
The firm primarily invests in mutual funds that allow for easy diversification across an asset class. More specifically, the firm prefers actively managed mutual funds. Vintage will also invest in equity securities, bonds, exchange-traded funds (ETFs) and other investment products when the situation calls for it. In general, the firm makes investments with a long-term perspective in mind.
Columbia Asset Management, LLC
Columbia Asset Management, LLC has four advisors serving roughly 225 clients with more than $580 million in assets under management (AUM). Founded in 1997, the firm works with individuals, high-net-worth individuals and charitable organizations. This is a fee-only firm.
The firm provides clients with a combination of portfolio management and financial planning services. Columbia has a rather steep minimum asset requirement of $1 million, making it the most exclusive firm on this list. This minimum is waivable under certain conditions, though.
Columbia Asset Management Background
Columbia Asset Management was formed in 1997 by Brian H. Weisman. Today, Weisman is still the principal owner of the firm, and he has a staff of four advisors, including himself. Weisman is a certified financial planner (CFP), a chartered financial analyst (CFA) and a certified public accountant (CPA). Another advisor, Charlie Cook, is a CPA.
For portfolio management services, the firm typically charges a percentage of your AUM that’s negotiable, although it won’t exceed a 1.00% rate annually. Financial planning fees come as a percentage or as an hourly fee. These fees are negotiated on a case-by-case basis, and the arrangement is laid out in full before the onset of any professional relationship.
Columbia Asset Management Investment Philosophy
Columbia Asset Management primarily invests in individual stocks, bonds, mutual funds, exchange-traded funds (ETFs), foreign issues, certificates of deposit (CDs) and publicly traded real estate. From time to time, the firm may consider options or short sales, but it will always discuss these investments with the client first. Typically, the firm makes investments with the intent to hold onto them for years.
Columbia’s advisors make asset allocation and investment decisions based on each client’s goals, risk tolerance, limitations and other specific circumstances. For instance, if a client is very close to or in retirement, the firm might construct a more conservative asset allocation that allows the client to draw income from dividends and fixed-income securities, for example.
Exchange Capital Management, Inc.
Exchange Capital Management, Inc. is a fee-only firm with nine advisors. It provides advisory services to around 320 clients. These clients include individuals, high-net-worth individuals, pension plans and charitable organizations.
The firm can offer investment advice, as well as financial planning and consulting services. Like many of the firms on this list, Exchange has a minimum portfolio size of $500,000, though it may decide to waive this stipulation at its own discretion.
Exchange Capital Management Background
Exchange Capital Management was founded in 1989. Currently, its principal owners are partners Michael R. Reid and Kevin D. McVeigh. Among the firm’s nine advisors, you’ll find two certified financial planners (CFPs), three chartered financial analysts (CFAs) and one chartered alternative investment analyst (CAIA).
Exchange typically charges management fees as a percentage of your assets under management (AUM). The exact percentage can vary from 0.35% to 1.15%, depending on the value of your assets. These fees will generally be billed quarterly, and they cover both investment management and financial planning services.
Exchange Capital Management Investment Philosophy
Exchange Capital Management tailors its investment strategy to each client, factoring in their risk tolerance, cash flow needs, timeline until retirement and overall investment goals. The firm uses a wide range of securities. More specifically, it might recommend equity securities, mutual funds, exchange-traded funds (ETFs), fixed-income instruments, corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, government securities and corporate debt obligations.
The firm often utilizes fundamental analysis to evaluate if a security is worth investing in. It will examine factors such as a company’s balance sheet, return on equity, historical financial performance and the overall financial and economic environment.
Arbor Trust Wealth Advisors, LLC
Arbor Trust Wealth Advisors, LLC does not have a minimum account requirement. The firm’s client base is a mix of individuals, high-net-worth individuals, pension plans, charitable organizations and government entities. In total, it has just under $289 million in assets under management (AUM), and it works with almost 400 clients.
Arbor Trust is a fee-based firm, meaning some advisors may earn commissions from certain securities transactions or insurance product sales. This creates a potential conflict of interest, but the firm is bound by fiduciary duty to act in your best interest at all times.
The firm provides both investment management and financial planning services to its clients, along with consulting for retirement plans and independent manager selection. Financial planning typically touches on topics like retirement planning, education planning, Social Security & Medicare planning, estate planning, philanthropy planning, cash flow planning, generational wealth transfer and insurance planning.
Arbor Trust Wealth Advisors Background
Arbor Trust Wealth Advisors was established in Ann Arbor in 2014, and it has four principal owners: managing partner Gary Haapala and partners Carol Sewell, James Winslow and Charles Waterhouse. The firm employs two certified financial planners (CFPs).
Investment management fees are charged according to your AUM, with rates ranging from 0.80% to 1.75%. Financial planning fees can be charged as an hourly rate between $200 and $400, or a fixed fee between $2,500 and $5,000.
Arbor Trust Wealth Advisors Investment Philosophy
Before investing any of your money, Arbor Trust Wealth Advisors will identify the objectives of the client. After establishing these goals, along with the client’s risk tolerance and time horizon, the firm will formulate an appropriate investment strategy.
The firm usually invests in a mix of individual equity securities, individual fixed-income securities, mutual funds and exchange-traded funds (ETFs). Under certain circumstances, the firm may call for alternative investments like limited partnerships or real estate investment trusts (REITs).
Although there are exceptions, Arbor Trust generally makes investments with the intent to hold them for several years, believing that markets are usually efficient in the long term. On occasion, the firm may appoint independent managers to supervise part or all of a client’s portfolio.
Pollock Investment Advisors, LLC
Pollock Investment Advisors, LLC has been doing business in Ann Arbor since 2006. Its 245 clients consist of individuals, high-net-worth individuals, pension plans, charitable organizations and businesses. The firm has just over $187 million in assets under management (AUM).
Pollock provides investment management, financial planning and consulting services to its clients. The fee-only firm generally imposes a minimum account size of $500,000, although it may waive this at its discretion.
Pollock Investment Advisors Background
Pollock Investment Advisors was created in 2006 and is owned by James K. Pollock and Robert N. Pollock, Jr. The firm’s three advisors include the two aforementioned owners and Nicklaus M. Areddy. James Pollock is a chartered financial analyst (CFA), and Areddy is a certified financial planner (CFP) and a chartered retirement plan counselor (CRPC).
Pollock calculates its management fees as a percentage of your AUM. Depending on the value of your assets, the exact percentage can range from 0.50% to 1.00%. The firm may also decide to negotiate a different fee arrangement.
Pollock Investment Advisors Investment Philosophy
Pollock’s investment approach generally uses each client’s risk tolerance to determine the most appropriate investment strategy. This strategy could rely on a spectrum of securities, such as individual stocks, mutual funds, exchange-traded funds (ETFs) or cash and cash equivalents.
When analyzing stocks, the firm will consider factors such as earnings growth, stability of earnings, the company’s valuation, dividend growth, amount of debt, return on equity and strength of cash flow.
Sage Hill Capital
Sage Hill Capital has two advisors, the fewest of any firm on this list. It has just shy of 80 clients, and it manages roughly $135 million in assets. Its clients include individuals, high-net-worth individuals and businesses. Sage Hill is a fee-only firm.
The firm offers financial planning and consulting services to its clients, along with investment management. The firm advises clients on estate planning, tax planning and insurance matters. While there’s no minimum account size requirement here, the firm does prefer to work with clients that have at least $1 million in investable assets.
Sage Hill Capital Background
Sage Hill Capital was founded in 2010. It’s equally owned by F. Chris Fragner and David Roberts, who are also the firm’s two advisors. Neither Fragner nor Roberts hold any of the common advisory certifications.
Sage Hill doesn’t have a set schedule for its investment management fees, so exact rates will vary. Financial planning services may be a fixed, negotiable fee or an hourly fee of $200.
Sage Hill Capital Investment Philosophy
Sage Hill Capital typically recommends that its clients invest in some combination of stocks, bonds, mutual funds, exchange-traded funds (ETFs) and options.
To determine how to allocate among different asset classes, the firm will sit down with each client and establish several key factors, including the client’s investing goals, risk tolerance and timeline until retirement, as well as any specific investing or financial preferences. With those factors nailed down, the firm can formulate an allocation that has an appropriate amount of aggressiveness and suits the client’s cash flow needs.