Finding a Top Financial Advisor Firm in Michigan
Handing over your assets to a financial advisor to manage can be nerve-racking. After all, you want to ensure you find an advisor who is well-equipped to meet your specific needs and protect and grow your savings. To help you decide which advisor is best for you, we’ve assembled this list of the top financial advisor firms in Michigan. To figure out which firm suits you, take a look at their fee schedules, investment strategies, offered services and more below. You can also use SmartAsset's free financial advisor matching tool to get connected directly to advisors who serve your area.
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We match nearly 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 | Plante Moran Financial Advisors  Find an Advisor | $25,117,897,108 | $500,000 |
| Minimum Assets$500,000Financial Services
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| 2 | CoreCap Advisors, LLC  Find an Advisor | $3,986,624,254 | None |
| Minimum AssetsNoneFinancial Services
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| 3 | Advisory Alpha  Find an Advisor | $4,373,624,090 | None |
| Minimum AssetsNoneFinancial Services
|
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| 4 | CG Advisory Services  Find an Advisor | $4,640,991,840 | Varies |
| Minimum AssetsVariesFinancial Services
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| 5 | Zhang Financial  Find an Advisor | $8,370,163,197 | $1,000,000 |
| Minimum Assets$1,000,000Financial Services
|
| 6 | Mainstay Capital Management, LLC  Find an Advisor | $4,802,375,480 | $200,000 |
| Minimum Assets$200,000Financial Services
|
| 7 | Signal Advisors Wealth, LLC  Find an Advisor | $1,689,496,523 | None |
| Minimum AssetsNoneFinancial Services
|
| 8 | Asset Allocation Strategies, LLC  Find an Advisor | $1,019,375,000 | Varies based on account type |
| Minimum AssetsVaries based on account typeFinancial Services
|
| 9 | Rehmann Financial  Find an Advisor | $5,271,218,000 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
|
| 10 | FSA Advisors, Inc.  Find an Advisor | $573,381,186 | $5,000 |
| Minimum Assets$5,000Financial Services
|
What We Use in Our Methodology
To find the top financial advisors in Michigan, we first identified all firms registered with the SEC in the state. 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:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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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.
Plante Moran Financial Advisors
Plante Moran Financial Advisors (PMFA) is a wealth advisory firm based in Southfield with a client base that includes non-high-net-worth and high-net-worth individuals, charitable organizations, corporations, family limited partnerships (LPs) and family/private foundations. The firm provides investment management, general financial planning, wealth management, estate planning, auditing, tax preparation and consulting services.
For portfolio management services, the firm will typically charge a percentage of your assets under management that ranges from 0.25% to 0.90%, depending on the market value of your assets. Financial planning fees are typically charged at an hourly rate between $110 and $450. The firm requires clients to maintain a minimum account size of $500,000.
Plante Moran typically invests in many different types of securities when constructing client portfolios. These include open-end mutual funds, exchange-traded funds (ETFs), collective trusts, certificates of deposit (CDs), limited partnership interests, interests in limited liability companies, options contracts on securities, hedge funds and other alternative investments.
Plante Moran uses proprietary models to analyze investment options and attempt to find undervalued securities. The model will factor in statistics like P/E ratio, dividend yield, price-to-book ratio and others to formulate a market valuation that can be compared to historical averages. The firm then compares the results between asset classes and investment styles to identify potentially undervalued or overvalued segments of the equity markets.
CoreCap Advisors
CoreCap Advisors, LLC is a fee-based financial advisor firm located in Southfield. The firm’s client base includes individuals, high-net-worth individuals, accredited investors, self-directed retirement plans, pension and profit-sharing plans, trusts, estates, corporations, investment advisors and registered representatives.
The firm does not have a set account minimum for standard advisory accounts, wrap fee accounts or held-away account rebalancing services. However, certain third-party money managers used by CoreCap Advisors may set their own minimums.
CoreCap Advisors generally builds portfolios around each client’s investment objectives, risk tolerance, time horizon and overall financial situation. The firm provides investment advisory services on a discretionary basis and may use sub-advisors or third-party money managers for certain strategies.
The firm primarily constructs portfolios using mutual funds and exchange-traded funds (ETFs). It may also invest in individual stocks, bonds, options or short sales where appropriate. CoreCap Advisors may provide general non-securities guidance related to tax and budget planning, estate planning and business planning, though it does not provide tax or legal advice.
Advisory Alpha
Advisory Alpha is a fee-based financial advisor firm located in Holland, Michigan. The firm works with individuals with and without a high net worth, as well as retirement plans, institutions, other registered investment advisors, banking institutions and trust companies. Services offered include managed portfolio programs, retirement plan solutions, financial planning, subadvisory and co-advisory services, consulting, performance reporting and billing services.
The firm does not have a set account minimum, though some individual representatives may impose a minimum annual fee at their discretion.
The firm’s portfolio construction process may include asset allocation, asset class selection, factor-based security selection, rebalancing, tax-loss harvesting, duration matching and liability-driven strategies. Its managed portfolio series include diversified allocation strategies, factor-based portfolios, individual equity strategies, bond ladder strategies, income-focused strategies, structured product strategies and strategies that use independent investment managers.
CG Advisory Services
Capital Asset Advisory Services, which does business as CG Advisory Services, is a fee-based advisory firm based in Williamston, Michigan. The firm works with individuals, high-net-worth individuals, pension and profit-sharing plans, charitable organizations, corporations and other businesses. It provides portfolio management, financial planning, retirement plan services and general financial consulting.
As a fee-based firm, CG Advisory Services and certain representatives may earn commissions from brokerage or insurance-related activities. This can create a potential conflict of interest, but the firm and its advisors are bound by a fiduciary duty to act in clients’ best interests.
When constructing portfolios, CG Advisory Services generally uses asset allocation, fundamental analysis, technical analysis and mutual fund or ETF analysis. The firm may use long-term purchases, short-term purchases and option writing, including covered calls, depending on client needs and objectives.
Zhang Financial
Zhang Financial is a fee-only firm that provides investment management services on a discretionary, either through or not through a wrap fee program. It also advises portfolios on a non-discretionary basis. Additionally, it offers financial planning and consulting on topics including retirement saving, estate planning and managing trusts. What's more, the firm acts as sub-advisor to pension and profit-sharing plans, charitable organizations and municipal government entities.
While Zhang Financial works with individual clients above and below the high-net-worth threshold, you'll need a minimum investment of $1 million to establish an account. The practice also offers its services to charitable organizations, pension and profit-sharing plans and municipal government entities.
Zhang Financial primarily provides advice on individual stocks or bonds, exchange traded funds (ETFs), mutual funds and other public securities or investments. When selecting investments, Zhang Financial applies fundamental, technical and cyclical methods of analysis. It uses long-term purchases (securities held for at least a year), short-term purchases (securities sold within a year), trading (securities sold within 30 days), margin transactions and option writing.
Mainstay Capital Management
Fee-only firm Mainstay Capital Management has its home office in Grand Blanc. The firm primarily offers comprehensive investment management, individual 401(k), 457 and 403(b) account management and retirement plan transitions. Additionally, the services of estate planning, retirement planning, college savings planning, charitable gift planning, tax minimization, debt and mortgage optimization, buyout analysis and more are also offered.
This firm primarily works with non-high-net-worth and high-net-worth individuals, as well as banking or thrift institutions, and corporations or businesses. Clients will need $200,000 to establish an account at Mainstay.
Mainstay Capital Management offers a few different pre-built investment strategies, ranging from ultra-aggressive to ultra-conservative. The firm is open to using short-term purchases within its client accounts, but not necessarily for the purpose of market-beating investing. Instead, the firm uses these investments to satisfy a client’s need for liquidity by shooting for quick, albeit risky, returns.
Exchange-traded fund (ETFs) and mutual funds are explicitly stated as the favored investment types of Mainstay Capital Management. But because these investments won’t always fit neatly into everyone’s plans, the firm will also review various stocks and bonds to flesh out certain client accounts.
Signal Advisors Wealth
Signal Advisors is a fee-based advisory firm based in Detroit. The firm works with direct advisory clients served by its investment adviser representatives, clients of independent RIAs using the Signal Platform, corporations and other business entities, as well as family members and friends of firm employees and representatives. Services offered include investment management, financial planning and company-sponsored retirement plan consulting.
The firm does not have a set account minimum. However, certain strategies available through the Signal Platform may have their own minimums based on the strategy or third-party money manager. For investment management services, the firm typically charges asset-based advisory fees, while financial planning fees may be charged as fixed fees.
Signal Advisors Wealth typically invests in a range of securities when constructing client portfolios. These may include equities, exchange-traded funds (ETFs), mutual funds, corporate and municipal bonds, U.S. Treasuries, certificates of deposit (CDs), money market funds, private funds, structured notes and other alternative investments. The firm may use growth strategies, fixed-income strategies, tactical asset allocation with sector rotation, asset allocation, model portfolios and third-party manager strategies.
Asset Allocation Strategies
Asset Allocation Strategies is a fee-based advisory firm headquartered in Farmington. The firm works with individuals, high-net-worth individuals, corporations and other businesses, pension and profit-sharing plans, charitable organizations, estates, trusts and retirement plan sponsors.
Services offered include discretionary and non-discretionary portfolio management, financial planning, comprehensive wealth management, retirement plan consulting, 529 college savings plan assistance, rollover advice and investment policy statement development and review.
The firm generally requires either periodic contributions of at least $500 per month or an initial deposit of at least $25,000. Accounts that do not meet these minimums may be considered on a case-by-case basis. The firm’s advisory fees are generally based on the services provided and the terms of the client agreement.
Asset Allocation Strategies uses a strategic asset allocation approach based on capital market assumptions. Its process may include mean-variance optimization, reverse optimization, the Black-Litterman model, goal-based portfolio construction, dollar-cost averaging, exchange-traded funds (ETFs) and third-party model portfolios. The firm may also use third-party money managers for certain client portfolios.
Rehmann Financial
Rehmann Financial is a fee-based financial advisor firm located in Lansing. The firm advises both non-high-net-worth and high-net-worth individuals. It also does business with institutions, including pension and profit-sharing plans, charities, insurance companies and corporations. The firm does not have a minimum account size requirement or minimum fee, but some individual advisors may impose them. Services offered include financial planning, investment manaagement, portfolio analysis and more.
Investment management fees are paid based on a percentage of assets under management. Some advisors may also sell you securities or insurance products and earn a commission for doing so. This is a potential conflict of interest, but the firm is still a fiduciary and must act in your best interest.
Your advisor at Rehmann Financial will help you come up with a portfolio strategy that makes sense for you. Your asset allocation will vary based on your financial situation and goals, but will include equities, fixed-income investments and alternative investments. Both individual securities and mutual fund shares may be used, depending on your preferences. The firm uses a number of modes of analysis, including technical analysis and qualitative analysis, to decide which companies and other investments to choose for its clients.
FSA Advisors
FSA Advisors, also known as Financial Services of America, is a fee-based advisory firm based in Troy. The firm works with individuals, high-net-worth individuals and businesses, including early investors, pre-retirees and retirees. The firm offers portfolio management, financial planning, retirement planning, tax planning and preparation, insurance planning, estate and legacy planning, investment management and selection of third-party money managers.
The firm generally requires a minimum account size of $5,000, though it may waive this requirement at its discretion. FSA Advisors charges asset-based advisory fees. Some advisor representatives may also receive insurance-related commissions, which creates a potential conflict of interest, but the firm is still a fiduciary and must act in your best interest.
When selecting investments, FSA Advisors generally uses long-term trading stragegies, fundamental analysis and Modern Portfolio Theory. Its financial planning services may address investment planning, life insurance, tax concerns, retirement planning, college planning and debt or credit planning.
