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Plante Moran Financial Advisors Review

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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.

Plante Moran Financial Advisors (PMFA) specializes in working with clients in the construction, real estate, manufacturing, private equity, not-for-profit, healthcare, life sciences, retail and other industries. The firm, which is fee based, also ranks on SmartAsset's top financial advisors lists for Southfield, Michigan and the state of Michigan

PMFA currently serves a range of institutional and retail clients. As for PMFA’s staff, its advisors hold a wide collection of industry credentials, including the certified financial planner (CFP) and chartered financial analyst (CFA) designations.

Plante Moran Financial Advisors Background

PMFA has been in business since 1977, but the firm officially became a registered investment advisor (RIA) in 1993. PMFA is wholly owned by P&M Holding Group, LLP, which is a public accounting and management consulting firm. The leadership team at the firm is headed by managing partner Jim Proppe.

Plante Moran Financial Advisors Client Types and Minimum Account Sizes 

PMFA serves high-net-worth individuals, non-high-net-worth individuals, partnerships, limited liability companies, employer-sponsored retirement plans, charitable organizations, trusts, estates, corporations and other businesses. 

The firm generally requires a minimum account size of $500,000. 

Services Offered by Plante Moran Financial Advisors

PMFA offers the following advisory services:

  • Portfolio management
    • Portfolio customization
    • Long-term wealth preservation
    • Wealth growth
  • Financial planning
    • Estate planning
    • Tax planning and minimization
    • Trust planning
    • Business succession planning
  • Pension plan consulting for plan sponsors 

Plante Moran Financial Advisors Investment Philosophy 

PMFA analyzes securities using fundamental analysis, technical analysis and cyclical analysis. The firm says it has an investment research group that uses a proprietary equity market valuation model to study current market conditions and determine equity model allocations. When conducting investment research, PMFA uses a variety of sources. These include financial newspapers, annual reports, corporate rating services, prospectuses, research materials and more. 

When it comes to investments, PMFA utilizes open-end mutual funds, exchange-traded funds (ETFs), collective trusts, certificates of deposit (CDs), limited partnership interests, interests in limited liability companies, options contracts, hedge funds and other alternative investments

Plante Moran Financial Advisors Fees

PMFA offers the following fee schedule for its advisory services:

Plante Moran Advisory Fee Schedule
Amount of Assets Annual Fee Rate
First $2,000,000 0.90%
Next $3,000,000 0.70%
Next $5,000,000 0.50%
Next $15,000,000 0.30%
Above $25,000,000 0.25%

Here's a breakdown of about what you might pay for services at Plante Moran:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Plante Moran Financial Advisors*
Your Assets Plante Moran Financial Advisors Fee Amount
$500K $4,500
$1MM $9,000
$5MM $39,000
$10MM $64,000

Plante Moran Financial Advisors Awards and Recognition

PMFA has amassed much industry recognition over the years. Forbes listed the firm as one of its Top Wealth Managers for 2015. In 2017, the firm was named to Financial Advisor Magazine’s 2017 RIA ranking. More recently, Financial Advisor Magazine also named the firm to its 2019 RIA Survey and Ranking report. In June 2022, it was recognized by Accounting Today as the top firm by AUM.

What to Watch Out For

PMFA doesn’t have any disclosures listed on its Form ADV.

An important thing to note, however, is that the firm operates through a fee-based fee structure. This means that some advisors can earn commissions from the sale of investment or insurance products. This can create a potential conflict of interest, but PMFA abides by a fiduciary obligation to work in each client’s best interest.

Opening an Account with Plante Moran Financial Advisors 

If you’re interested in setting up an account with PMFA, you can visit the firm’s office or you can contact a representative at (248) 352-2500. You can also see a full list of the firm’s locations at its website.

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

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How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research