Finding a Top Financial Advisor Firm in Auburn Hills, Michigan
Finding the right local advisor can be challenging. That’s why we’ve formed a list to help you narrow down your search in the Auburn Hills area. Our review assesses each firm from a holistic point of view. We compare each firm’s assets under management (AUM), advisory services, investment strategies, account minimums and more. If you're interested in a simpler method of finding an advisor, SmartAsset’s free financial advisor matching tool can connect you with up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||TFG Advisors Find an Advisor||$368,533,485||$500,000|| || |
|2||Retirement Resources, LLC Find an Advisor||$146,187,745||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Melone Private Wealth, LLC Find an Advisor||$185,000,000||$500,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Auburn Hills, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
First on our list is fee-only TFG Advisors. The registered investment advisor (RIA) firm works with a range of clients, including non-high-net-worth individuals, high-net-worth individuals, retirement plans and charitable organizations. The firm requires a minimum investment of $500,000 for prospective clients interested in establishing an advisory relationship.
TFG Advisors Background
Founded in 2017, TFG Advisors is one of the youngest firms on our list. The firm’s owners are the director of operations and marketing George Michael Barnhart, director of financial planning Terry John Hirsch and director of investments Paul David Reile.
TFG Advisors provides portfolio management, financial planning and financial life planning and consulting services. Its advisory services also feature tax planning, risk management and estate analysis, wealth management and portfolio design and analysis.
TFG Advisors Investment Strategy
TFG Advisors says it employs the following investment strategies: long- and short-term purchases, short sales, margin transactions, option writing, cyclical analysis, charting analysis, technical analysis and fundamental analysis.
The firm typically encourages investments in equity securities, warrants, corporate debt securities, certificates of deposit (CDs), municipal securities, money market funds, exchange-traded funds (ETFs), mutual funds and other securities.
Retirement Resources is a fee-based firm. This means that certain advisors here can receive commissions from the sale of insurance products to clients. While this presents a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests at all times.
Retirement Resources currently has multiple advisors that are registered financial consultants (RFCs). It also employs a chartered life underwriter (CLU) and a chartered financial consultant (ChFC).
The firm's client base consists of solely non-high-net-worth individuals and high-net-worth individuals. The firm doesn’t have a minimum account size requirement, though it may charge minimum annual fees.
Retirement Resources Background
Retirement Resources is a family business that was established in 2010. David M. Boike is the firm’s sole owner, and he has more than three decades of experience in the financial services industry.
The firm’s primary advisory services are portfolio management, selection of other advisors, financial planning and the publication of periodicals or newsletters.
Retirement Resources Investment Strategy
Retirement Resources says on its website that it utilizes strategies that help its clients protect their money while maximizing returns. The firm also strives to help its clients build plans that address all areas of their financial strategy.
In offering investment advice, Retirement Resources employs long-term purchases, short-term purchases, diversification and asset allocation. The firm’s securities analysis methods include fundamental, charting and technical analysis.
Melone Private Wealth
firm Melone Private Wealth has a client base mainly consisting of non-high-net-worth individuals, though the firm also serves high-net-worth individuals and retirement plans. The firm has a $500,000 minimum account size requirement. However, under certain circumstances, the firm may be willing to waive this.
As a fee-based firm, advisors at Melone Private Wealth may earn commissions from certain securities and insurance sales. This can create a potential conflict of interest. To prevent this, the firm puts the client first by abiding by its SEC-mandated fiduciary duty to prioritize each client’s best interests.
Melone Private Wealth Background
Melone Private Wealth has been in business since 2020. The firm is principally owned by managing partner and chief compliance officer (CCO) Louis J. Melone Jr., who is a certified financial planner (CFP). The firm also employs one other CFP.
The firm’s advisory services include financial planning, portfolio management and pension consulting and wrap fee programs.
Melone Private Wealth Investment Strategy
As a firm, Melone Private Wealth believes that behavioral investing can enhance investment success, according to its website. In fact, the firm lists eight behaviors to avoid when investing. These include over-diversification, under-diversification, euphoria, panic, speculation, “believing this time is different,” timing and selection and asset class confusion.
The firm sticks to long-term investment strategies, and it mainly applies fundamental analysis to guide its investment decisions, according to its firm brochure.