Finding a Top Financial Advisor Firm in Plymouth, Michigan
Searching for the right financial advisor can be overwhelming. There's plenty to check and factors to weigh. To help you, the researchers at SmartAsset did the initial hard work, digging through data and reading the fine print. The result: these top four financial advisor firms in Plymouth. To further your search, try our advisor matching tool. It connects you with up to three local advisors.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||GEM Asset Management, LLC. Find an Advisor||$340,267,896||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||AMDG Financial Advisory Services, LLC Find an Advisor||$211,961,082||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Peak Wealth Management, LLC Find an Advisor||$183,900,000||$500,000|| || |
|4||Pinnacle Wealth Management Group, Inc. Find an Advisor||$147,272,435||Varies based on account type|| || |
Minimum AssetsVaries based on account type
What We Use in Our Methodology
To find the top financial advisors in Plymouth, 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.
GEM Asset Management, LLC
GEM Asset Management, LLC opens our list of the top financial advisor firms in Plymouth, Michigan. Its advisor team includes three certified financial planners (CFPs).
You don’t need to have a minimum amount of assets to open an account with GEM Asset. A large number of its current client base consists of non-high-net-worth individuals. This means most clients generally have less than $1 million in investable assets. The fee-only firm also works with charitable institutions, foundations, as well as pension and profit-sharing plans.
GEM Asset Management Background
GEM Asset Management first opened its doors to the Plymouth, Michigan, community in 2001. Steve Alexandrowski founded the company and is a co-owner with S. Timothy Story. The team collectively shares more than two decades in the financial services industry.
They are primarily in the business of offering discretionary investment advisory and management services. They may also provide financial planning.
GEM Asset Management Investing Strategy
To help clients meet their investment goals, GEM Asset Management prioritizes global asset allocation. This means it generally invests client assets in securities from various countries and asset classes. The firm believes this strategy helps clients protect returns when a particular asset class faces a downturn. But it usually doesn’t select individual stocks and bonds for client portfolios. Instead, GEM Asset Management focuses on mutual funds and exchange-traded funds it deems low-cost, widely diversified and with low turnover. The firm also may consider alternative investments.
AMDG Financial Advisory Services, LLC
AMDG Financial Advisory Services, LLC is a fee-only firm, meaning it collecting fees solely from clients based on the services it provides to them. AMDG Financial doesn’t take commissions from third-party firms for selling their products to AMDG Financial Advisory Services clients.
The firm's team features three investment advisors. They have a range of credentials, including:
- Certified financial planner (CFP)
- Certified public accountant (CPA)
- Chartered financial analyst (CFA)
- Personal financial specialist (PFS)
- Accredited investment fiduciary analyst (AIFA)
- Accredited investment fiduciary (AIF)
- Certified 401(k) Professional or C(k)P
In fact, AMDG Financial Advisory Services became the first financial advisory firm in Michigan to receive the Fiduciary Certificate of Registration from the Centre for Fiduciary Excellence (CEFEX).
You generally don’t need an investment minimum to work with AMDG Financial. Most of its client base is made up of individuals who don't have a high net worth. The firm also works with pension and profit-sharing plans, charitable organizations and endowments, corporations, other business entities and other registered investment advisors.
AMDG Financial Advisory Services Background
AMDG Financial has been in operation since 2002. It’s currently co-owned by Wayne Brown Titus III, Ramey Becker, Chris Carlson and founding member Rebecca J. Stroud. Stroud has more than 17 years of experience in the financial services space.
In addition to investment advisory and management services, the team can provide advice on such financial goals as:
- Retirement saving
- Estate planning
- Tax management
- Charitable giving
- Life insurance policy analysis
AMDG Financial Advisory Services Investment Strategy
AMDG’s Financial Advisory Services relies on the following steps when providing investment advice:
- Assess client goals. The investment process begins with meeting clients to get a sense of their financial circumstances and goals before the firm establishes a roadmap to help clients meet those objectives.
- Set long-term investment objectives. The firm considers risk tolerance and time horizon before making investment decisions.
- Design asset allocation. The firm considers various securities and investment classes to create globally diversified portfolios. These may be built with stocks, bonds and short-term investments.
- Select the investment approach. AMDG Financial implements asset allocations by evaluating securities based on various sources such as company financial statements and market research. It may also look to investing principles such as Modern Portfolio Theory.
- Build client portfolio. Once the firm has completed the previous steps, it builds and monitors client portfolios while rebalancing or making adjustments when deemed necessary based on changing financial circumstances or market conditions.
Peak Wealth Management, LLC
At Peak Wealth Management, LLC, the team features one certified financial planner (CFP) and one accredited investment fiduciary (AIF). To work with Peak Wealth Management, you generally need a minimum investment of $500,000. Peak Wealth Management may waive this requirement in certain cases. The firm works solely with individuals.
Nicholas Hopwood, the firm’s owner, also is an independent life and health insurance agent. He may recommend insurance products to Peak Wealth Management clients and receive commissions from insurance companies. Clients, however, are under no obligation to buy these products. Plus, Peak Wealth Management must uphold its fiduciary duty to provide advice solely in the best interest of the client.
Peak Wealth Management Background
Peak Wealth Management first launched operations in 2010. As noted earlier, Hopwood is the firm’s sole owner. He has been managing portfolios since 1999.
The firm specializes in financial planning and investment advisory services. It specifically manages a program geared for university and hospital employees, called Peak Wealth: Retire With Confidence. The firm runs this program in partnership with Fidelity Investments and TIAA, two large corporations in the financial services space.
Peak Wealth Management Investing Strategy
Peak Wealth Management focuses on fundamental and technical analysis when evaluating securities for client portfolios. It generally invests in bonds and other corporate debt instruments; exchange-traded funds; mutual funds; government debt instruments including Treasury bills and municipal securities; stocks; preferred stocks; high-yield debt; domestic fixed income; covered options; money market funds and cash. That said, it may also recommend Institutional Strategist, part of Envestnet's unified management account platform, as a money manager.
Pinnacle Wealth Management Group, Inc.
Pinnacle Wealth Management Group, Inc. President Daniel A. Cesta is a certified financial planner (CFP) and a certified public accountant (CPA). He leads a team that works with individuals, high-net-worth individuals and business entities.
To open an account with the firm, you’d generally need a minimum investment of $500,000. But the company may waive this requirement at its discretion. Family office services require a minimum investment of $1 million. That balance typically isn’t negotiable.
Pinnacle Wealth is a fee-based advisory firm. This means its advisors may earn commissions from external companies. Clients are under no obligation to accept these recommended products, however. Also, Pinnacle Wealth has a fiduciary responsibility to provide advice solely in the best interests of its clients.
Pinnacle Wealth Management Group Background
Pinnacle Wealth has been operating as a registered investment advisor since 2016. Daniel A. Cesta and Eddison C. Millington are the firm’s owners.
The team offers investment advisory and management services. It also provides financial advice on topics including:
- Estate planning
- Insurance planning
- Saving for college
- Charitable giving
- Business planning
Pinnacle Wealth Management Group Investing Strategy
Pinnacle Wealth Management focuses on tactical asset allocation. This means it actively manages portfolios, seeking to take advantage of strong market sectors or market pricing anomalies that it may identify based on its research. It also diversifies portfolios across numerous asset classes, including equities, fixed income, cash equivalents and more. Theoretically, a portfolio invested in various non-correlating asset classes will shelter returns and mitigate risk.