Finding a Top Financial Advisor Firms in Aurora, Ohio
There are many factors that determine how well-positioned a financial advisor firm is to handle your personal situation and this can make it difficult to choose an advisor. To make this process simpler, SmartAsset has determined the top financial advisor firm in Aurora, Ohio. Below, we detail the firm’s investment ideology, minimum account requirements and more. You can also take advantage of the SmartAsset financial advisor matching tool, which will 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||Demming Financial Services Corp. Find an Advisor||$525,856,010||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Beacon Financial Group, Inc. Find an Advisor||$590,000,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
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What We Use in Our Methodology
To find the top financial advisors in Aurora, 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.
Demming Financial Services Corp.
Demming Financial Services Corp. is a fee-based financial advisor firm with hundreds of millions in assets under management (AUM). Although Demming is a mid-sized firm on a national scale, that level of assets under management in a city with less than 20,000 residents makes it quite sizeable.
There is no minimum amount needed to open an advisory account with this firm. More than three-quarters of the firm’s clients are non-high-net-worth individuals, rather than their high-net-worth counterparts. Each member of the firm’s advisory team is a certified financial planner (CFP). Two other employees are financial paraplanner qualified professionals (FPQPs).
Certain advisors at this firm may earn commissions if you choose to purchase insurance policies offered to you, which is a potential conflict of interest. The firm is a fiduciary though, so it must act in your best interest.
Demming Financial Services Corp. Background
Demming Financial Services Corp. was established in 1981 by David Demming. Demming, who still serves as the firm’s president, has worked in finance since 1978. Demming and his son, David Demming, Jr., own the firm entirely
Depending on what life stage you’re in, this firm can help you with general financial planning, retirement or estate planning, charitable giving, insurance analysis, cash-flow forecasting, financial planning for the elderly or elderly care and more. Business clients will find financial reporting, executive compensation, risk management, distribution planning and overall business planning available at this firm.
Demming Financial Services Corp. Investment Strategy
There is no set strategy that Demming Financial Services Corp. uses across its entire client base. Rather, the firm formulates a unique plan for each new account holder. These plans are built according to your risk tolerance, time horizon and long-term financial goals.
Demming Financial Services Corp. uses standard investments as the base for its clients’ accounts. This includes various independent investment managers, mutual funds, exchange-traded funds (ETFs) and individual debt and equity securities.
However, the firm also recommends that those who qualify as accredited investors should invest on their own in private securities, pooled investments and hedge funds. For reference, the SEC defines an accredited investor as someone who has made $200,000 annually on their own or $300,000 annually combined with their spouse for at least the last two years, with an expectation of meeting or breaking these amounts in subsequent years. If you are a general partner, executive officer or director of an issuer of securities, you are also granted this status. This title also applies to anyone with at least a $1 million net worth, either on their own or jointly.
Beacon Financial Group
Beacon Financial Group does not have a specific minimum investment for new clients. In turn, its client base is composed of a nearly even amount of individuals with and without a high net worth. The firm’s only institutional clients are corporate retirement plans.
As a fee-based firm, certain advisors at Beacon can sell insurance products and securities on a commission basis. While this presents a potential conflict of interest, the firm’s fiduciary duty requires it to act in clients’ best interests.
Beacon Financial Group Background
Beacon Financial Group was founded back in 2007. The firm’s team of advisors has a combined 175 years of experience in financial services. Beacon is owned by its president, Brent Besinger.
This firm’s services are split between wealth management and financial planning. The latter can cover topics like retirement, personal savings, education savings and more.
Beacon Financial Group Investing Strategy
Beacon Financial Group works with each individual client to build an investment strategy for them. This includes having an in-depth conversation with you about your short- and long-term financial goals. You’ll also detail your risk tolerance, time horizon, income needs and any other applicable factors. Once the firm has a grasp on what kind of investor you are, a specific portfolio plan will be created for you.