Finding a Top Financial Advisor Firm in Novi, Michigan
If you’re looking for a financial advisor in Novi, Michigan, we can help. Our list of top Novi firms is based on the data and brochures that registered investment advisors (RIAs) must submit to the Securities and Exchange Commission (SEC) every year. SmartAsset also offers a free financial advisor matching tool that can help you find up to three advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||The Nemes Rush Group, LLC Find an Advisor||$1,001,615,658||No required minimum|| || |
Minimum AssetsNo required minimum
|2||Dahring | Cusmano and Associates Find an Advisor||$466,327,583||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Scott Smith Financial, Inc. Find an Advisor||$145,478,627||$25,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Novi, 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 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.
The Nemes Rush Group
The Nemes Rush Group is a registered name for J. Alden Associates, Inc and is a financial advisory firm that tops our list for Novi, MI. The firm works with high-net-worth individuals, individuals, corporations and other business entities, charities, and pension and profit-sharing plans. The target group for the firm is high-net-worth families, medical professionals, entrepreneurs and corporate executives.
Nemes Rush is a fee-based firm which means that it or its advisors may earn a commission when its clients invest in some recommended securities. While this can create a potential conflict of interest, the firm and its advisors must abide by its fiduciary duty to its clients to put them first.
The Nemes Rush Group Background
The Nemes Rush Group was founded in 2021 but has decades of experience in the investment space through both its partners, Charlie Nemes and Tim Rush. Additional partners include Brian Nemes and Chris Nemes. The team holds a number of important designations such as the certified financial professional (CFP), chartered financial analyst (CFA) and certified public accountant (CPA).
The Nemes Rush Group Investment Strategy
The Nemes Rush Group works with high-net-worth families to grow their money with a purpose. Each client receives a different asset allocation and overall analysis to determine the right mix of investments for them. The strategies aim to be in the best interest of each individual client. Each portfolio is mapped to individual goals and the firm aims to stick to the plan as long as it is working. The firm uses several different types of securities in the portfolios of its clients. These can include stocks, bonds, and mutual funds.
Dahring | Cusmano and Associates
At the top of our list, Dahring | Cusmano and Associates is a fee-based firm. Its team holds various certifications in the financial services industry (and some members have more than one). These credentials include:
- Certified financial planner (CFP)
- Accredited investment fiduciary (AIF)
- Qualified plan financial consultant (QPFC)
- Chartered retirement plans specialist (CRPS)
- Certified health savings professional (CHSP)
- Certified plan fiduciary advisor (CPFA)
- Chartered retirement planning counselor (CRPC)
This firm primarily works with individuals - both non-high-net-worth individuals and high-net-worth individuals - as well as entities including but not limited to family offices, trusts, estates, private foundations and qualified retirement plans. It does not impose a minimum account size requirement for investment management services. It offers discretionary and non-discretionary investment management and individual financial planning services.
Dahring | Cusmano and Associates Background
Founded in 2000, Dahring | Cusmano and Associates is owned by Kirk Dahring and Angela Cusmano. It’s affiliated with Next Financial Group, a broker-dealer, and advisors may earn commissions and other forms of compensation from the broker-dealer. This arrangement can create a potential conflict of interest. However, these advisors are required to act as fiduciaries and provide advice in the best interests of their clients.
Dahring | Cusmano and Associates Investing Strategy
The team of advisors at Dahring | Cusmano and Associates provides investment management services customized to the clients’ long-term objectives and risk tolerance. To implement portfolio designs, advisors primarily use mutual funds and exchange-traded funds (ETFs). If deemed appropriate, though, they may allocate client assets across individual stocks, corporate bonds, real estate investment trusts (REITs) and variable annuities.
Scott Smith Financial
Scott Smith Financial, Inc. (SSF) is a fee-only firm with a relatively small team, but one which represents professional designations such as certified financial planner (CFP), chartered life consultant (CLU) and chartered financial consultant (ChFC).
The firm offers services to individuals (including high-net-worth individuals), pension plans, profit-sharing plans, trusts, small businesses and estates. It does require at least $25,000 for portfolio management services but has the discretion to accept smaller portfolios.
Scott Smith Financial Background
The firm was founded in 2005. Its sole owner is D. Scott Smith, who serves as president and lead advisor.
The firm offers an asset management program, investment management services, financial planning services and retirement plan services to its clients.
Scott Smith Financial Investment Strategy
Scott Smith Financial's investment philosophy is based on the latest academic research such as Modern Portfolio Theory and the Fama-French Three-Factor Model, as well as the latest developments in behavioral finance. Client account management will be consistent with various factors such as the client's investment objectives, risk tolerance, time horizons, etc. The firm makes in long-term purchases and recommendations for new investments will usually include domestic equity securities, exchange-traded funds (ETFs), corporate debt securities and mutual funds.