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Top Financial Advisors in Aurora, OH

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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. Demming Financial Services Corp. logo Find an Advisor

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$525,856,010 No set account minimum
  • Financial planning services
  • Portfolio management
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning services
  • Portfolio management
  • Selection of other advisors
2 Beacon Financial Group, Inc. Beacon Financial Group, Inc. logo Find an Advisor

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$590,000,000 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting

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:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

All information is accurate as of the writing of this article. 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.

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.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.