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Top Financial Advisor in Greenwood, IN

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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 Firm in Greenwood, Indiana

If you're looking for a financial advisor in Greenwood, Indiana, we can help you find one. The SmartAsset financial experts tracked down all registered investment advisors (RIAs) in the city to find the top. As fiduciaires, RIAs must provide advice solely in the interests of their clients or face penalties that could lead to legal action. To make your search even easier, check out SmartAsset's financial advisor matching tool to connect with advisors who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Financial Plans & Strategies, Inc. Financial Plans & Strategies, Inc. logo Find an Advisor

Read Review

$620,257,856 $150,000
  • Financial planning
  • Portfolio management

Minimum Assets

$150,000

Financial Services

  • Financial planning
  • Portfolio management

What We Use in Our Methodology

To find the top financial advisors in Greenwood, 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.

Financial Plans & Strategies

Financial Plans & Strategies is the only firm to make our Greenwood, Indiana list. The firm's team of advisors includes two professional plan consultants (PPCs) and four certified financial planners (CFPs). Most of the firm’s clients are individuals with less than a high net worth, though it also works with some high-net-worth individuals and 401(k) plans.

You can open an account with this firm if you meet its minimum investment of $150,000. Under certain circumstances, though, the firm may decide to accept less than that amount.

Some of the advisors at this fee-based firm may earn commissions when they sell insurance products to clients. Although this represents a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests at all times.

Financial Plans & Strategies Background

Michael Meiners founded Financial Plans & Strategies in 1982. He still owns the firm, in addition to holding the position of president. Meiners can trace his career back to the 1970s, and he specializes in retirement and estate planning.

The team of advisors at this firm offers investment management and financial planning services. These plans can address a variety of topics including the following:

  • Estate planning goals
  • Retirement planning
  • Education funding
  • Insurance analysis and management
  • Cash management and certain treasury services

Moreover, the firm also advises corporate plan sponsors of qualified retirement plans.

Financial Plans & Strategies Investment Strategy

Financial Plans & Strategies designs portfolios based on the risk tolerance, goals and investment restrictions of the client. The firm diversified portfolios with different securities which may include infidual stocks, bonds, mutual funds and exchange-traded funds (ETFs).

The investment management team continuously monitors these portfolios and rebalances them when deemed appropriate.

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.