Finding a Top Financial Advisor Firm 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, in which we ask you a series of questions and then pair you with an advisor.
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Demming Financial Services Corp.
No set account minimum
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No set account minimum
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How We Found the Top Financial Advisor Firm in Aurora, Ohio
Financial advisor firms located in Aurora, Ohio that are currently registered with the U.S. Securities and Exchange Commission (SEC) were the only firms given the opportunity to appear on this list. All firms that are registered with the SEC are fiduciaries, which means they’re required to act in clients’ best interests. Any firms that did not have financial planners in their offices, did not manage accounts for individuals or had disciplinary issues on record with the SEC were eliminated. The only remaining firm is listed below.
Demming Financial Services Corp. is a fee-based financial advisor firm with more than $360 million under management. 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 individuals, rather than high-net-worth individuals. All four members of the firm’s advisory team are certified financial planners (CFPs). Two other employees are registered paraplanners (RPs).
Certain advisors of this firm may earn commissions if you choose to purchase insurance policies offered to you. The firm is registered as 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, the firm’s president, has worked in finance since 1978, while the rest of his team averages more than 13 years of experience in the industry.
Depending on what life stage you’re in, this firm can aid you with general financial planning, retirement or estate planning, charitable giving, insurance analysis, cash-flow forecasting and financial planning for the elderly or elderly care. Business clients will find financial reporting, executive compensation, risk management, distribution planning and overall business planning available at this firm.
Demming Financial Services Corp. Investing 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, your personal time horizon and your long-term financial goals.
Demming Financial Services Corp. uses standard investments as the base for its clients’ accounts. This includes exchange-traded funds (ETFs) and other index funds, mutual funds 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.