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. Find an Advisor||$620,257,856||$150,000|| || |
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:
- 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.
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.