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Top Financial Advisors in Troy, MI

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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 Troy, Michigan

It can be difficult to choose a financial advisor, especially if there are many firms in your area offering similar services. To help you pick out an advisor in Troy, Michigan, we've combed through company records and filings with the U.S. Securities and Exchange Commission (SEC) to identify the top firms in the city. Want more suggestions for a financial advisor in your area? SmartAsset’s financial advisor matching tool asks you a few questions about your finances and goals, then suggests a few local advisors.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Straightline Straightline logo Find an Advisor

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$1,056,828,297 No set account minimum
  • Financial planning
  • Portfolio management
  • Educational seminars
  • Consultations

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Educational seminars
  • Consultations
2 Portfolio Solutions, LLC Portfolio Solutions, LLC logo Find an Advisor

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$1,504,474,077 Varies based on account type
  • Financial planning services
  • Portfolio management

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning services
  • Portfolio management
3 William Mack & Associates, Inc. William Mack & Associates, Inc. logo Find an Advisor

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$664,804,863 $250,000
  • Investment management
  • Financial planning

Minimum Assets

$250,000

Financial Services

  • Investment management
  • Financial planning
4 Isto Advisors, LLC Isto Advisors, LLC logo Find an Advisor

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$540,497,113 $500,000
  • Investment advice
  • Financial planning
  • Selection of other advisors
  • Pension consulting

Minimum Assets

$500,000

Financial Services

  • Investment advice
  • Financial planning
  • Selection of other advisors
  • Pension consulting
5 Baron Wealth Management, LLC Baron Wealth Management, LLC logo Find an Advisor

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$435,741,317 $500,000
  • Investment management
  • Financial planning
  • Consulting
  • Educational workshops/seminars
  • Selection of other advisors

Minimum Assets

$500,000

Financial Services

  • Investment management
  • Financial planning
  • Consulting
  • Educational workshops/seminars
  • Selection of other advisors
6 MKD Wealth Coaches, LLC Find an Advisor

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$303,411,427 $500,000
  • Financial planning
  • Selection of other advisors
  • Investment management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Selection of other advisors
  • Investment management
7 Arbor Wealth Advisors, LLC Arbor Wealth Advisors, LLC logo Find an Advisor

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$435,173,369 No set account minimum
  • Investment management
  • Financial planning
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Investment management
  • Financial planning
  • Selection of other advisors
8 Confidential Management Advisors, Inc. Find an Advisor

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$156,874,800 No set account minimum
  • Portfolio management
  • Financial planning
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning
  • Selection of other advisors
9 Miller Capital, Inc. Miller Capital, Inc. logo Find an Advisor

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$184,706,352 No set account minimum
  • Investment management
  • Investment advice
  • Financial planning
  • Portfolio consulting/research

Minimum Assets

No set account minimum

Financial Services

  • Investment management
  • Investment advice
  • Financial planning
  • Portfolio consulting/research
10 Firstmetric, LLC Firstmetric, LLC logo Find an Advisor

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$208,757,709 No set account minimum
  • Portfolio management
  • Financial planning

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning

What We Use in Our Methodology

To find the top financial advisors in Troy, 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.

Straightline

Straightline is a firm that’s been doing business for nearly two decades. The firm currently manages millions in assets under management (AUM) from a large number of clients. The firm’s client base consists of a mix of individuals and high-net-worth individuals, with a handful of charitable organizations as well. It also serves corporations, pensions, profit-sharing plans, universities and other employers. This firm doesn’t have an account minimum.

Straightline is a fee-based firm, which means that some advisors may earn commissions from certain securities transactions or the sale of insurance products. This creates a potential conflict of interest, since advisors are incentivized to sell you certain financial products. However, the firm has a fiduciary duty to always act in your best interest.

For investment management services, you’ll be charged a negotiable percentage of your assets ranging from 0.50% to 2.00%. If the firm is managing your 401(k) or 403(b) account, your management fees could range up to $1,200 per year. Financial planning fees are typically flat-rate and could be either $1,000 or $1,500 depending on the nature of the services you request.

Straightline Background

Straightline first opened its doors in 2002. President and CEO Michael F. Bisaro is the firm's owner.

The firm offers investment management services for anyone with an employer-sponsored retirement plan, individual retirement account (IRA) or investment account. Straightline also provides financial planning services and investment advice to retirement plan sponsors.

Straightline Investment Philosophy

The first step in Straightline’s investment process is working with you to determine your risk-adjusted portfolio model. The firm will also factor in things like your time horizon, investment goals, income and net worth, combining them to determine the best asset allocation for your portfolio.

The firm has five different model portfolios, each with a specific level of aggressiveness. At the most aggressive tier, all funds are invested in equity mutual funds and exchange-traded funds (ETFs). At the other end, 20% of your assets will be invested in equity funds and the rest is invested in fixed-income instruments or funds.

Portfolio Solutions, LLC

Portfolio Solutions, LLC is a wealth advisory firm established in 1999. Over the years, it has amassed hundreds of clients. The overwhelming majority of the firm’s clients are high-net-worth individuals, but it also works with non-high-net-worth individuals, pension plans, charitable organizations and businesses. Portfolio Solutions is a fee-only firm.

The firm has seven total advisors. This staff includes some members with professional designations such as certified financial planners (CFPs), chartered financial analysts (CFAs), chartered retirement planning counselors (CRPCs) and certified public accountants (CPAs).

The minimum for wealth planning services here is $750,000, while the minimum for investment guidance is just $500,000.

Portfolio Solutions Background

James S. Gladney opened Portfolio Solutions in 1999. It’s owned by Liberty PS Holdings, LLC. This holding company is, in turn, owned by the James S. Gladney 1992 Revocable Trust, which is under the ownership of James Gladney.

The firm provides guidance for investments and wealth planning, as well as retirement plan consulting. On top of these offerings, the firm has a donor-advised fund program aimed at those looking for help with charitable giving; educational savings plans; and variable annuity investment services. On occasion, the firm may also act as a sub-advisor for other investment firms.

Portfolio Solutions Investment Philosophy

Portfolio Solutions starts each investment process by sitting down with the client and establishing key information like their current assets, investing goals, tax situation and risk tolerance, among other things. From there, the firm will determine what combination of asset classes are most appropriate for their needs. The firm will also monitor your portfolio daily to determine if and when it will have to rebalance it.

The firm constructs client portfolios using investments like stock and bond mutual funds and exchange-traded funds (ETFs). The firm utilizes this strategy so it can more easily create globally diversified portfolios. The various funds that the firm selects will represent a range of asset classes.

William Mack & Associates, Inc.

William Mack & Associates, Inc. is a firm that offers fee-only advisory services to roughly 750 clients. These clients include individuals, high-net-worth individuals and pension plans.

A minimum portfolio size of $250,000 is typically required for new clients. Some of the firm's team members hold professional designations such as certified financial planner (CFP) and certified public accountant (CPA).

Fees for investment management services tend to fall between 0.60% and 1.00% of your assets under management (AUM). For stand-alone financial planning clients, the firm charges an initial $500 deposit, followed by an hourly fee between $60 and 250, depending on the staff you work with.

William Mack & Associates Background

William Mack & Associates was founded in 1992 by William Mack. Mack owns 80% of the firm to this day, while continuing to serve as president. Theodore Karl Bugenski, the firm’s vice president and chief compliance officer (CCO), owns the remaining 20%.

The firm provides investment management services on a discretionary and non-discretionary basis. It also offers financial planning services as part of its investment management program, though they’re also available as a standalone service.

William Mack & Associates Investment Philosophy

William Mack & Associates customizes its investment strategy to each client, factoring in their risk tolerance, cash flow needs, timeline until retirement and overall investment goals. The firm has six primary investment strategies, ranging from conservative to aggressive growth. Typically, the firm will recommend no-load mutual funds, index funds and, from time to time, exchange-traded funds (ETFs). By doing this, each portfolio can be exposed to a wide range of asset classes and markets.

The firm primarily uses fundamental analysis to determine if a security fits in its overall plans. This may involve examining companies’ balance sheets, return on equity, historical financial performance overviews and the overall financial and economic environment. Technical analysis may also be used. 

Isto Advisors, LLC

Isto Advisors, LLC is a fee-based firm with multiple financial advisors on staff. The firm serves roughly 280 clients and manages millions in assets. The firm works with individuals, high-net-worth individuals, pension plans, charitable organizations and corporations.

As a fee-based firm, certain advisors at Isto may oversee securities transactions or sell insurance products that generate commissions on top of the advisory fees you pay. While this creates the potential for conflicts of interest, the firm still has to abide by its fiduciary duty to always act in your best interest. The team at Isto includes severa; certified financial planners (CFPs) and a chartered financial analyst (CFA).

For wealth management services, the firm charges a percentage of your assets under management (AUM) that can range from 0.50% to 2.00%. Financial planning fees are typically charged on either an hourly or flat-rate basis. These, however, won’t exceed $1,000 or between $100 and $50,000, respectively.

Comprehensive wealth management clients will receive individualized investment advice, while financial planning and consulting clients are given generalized advice. A minimum of $500,000 in investable assets is required to subscribe to wealth management services, although this amount is negotiable.

Isto Advisors Background

Isto Advisors was established in 2016. The firm’s owners are Fisher Financial Partners, Inc. and FlipSide Consulting, LLC.

The firm provides clients with comprehensive wealth management, financial planning and investment consulting services. Additionally, the firm offers consulting for retirement plans.

Isto Advisors Investment Philosophy

Isto Advisors invests in a wide range of securities to construct its client portfolios, provided that these investments fit in with your risk tolerance and overall investment goals. These could include stocks, warrants, mutual funds, exchange-traded funds (ETFs), fixed-income securities, corporate debt, commercial paper, certificates of deposit (CDs), municipal securities, private placements, pooled investment vehicles, unit investment trusts, structured products, options, fixed annuities, non-security insurance products and non-traded real estate investment trusts (REITs).

The firm also prioritizes asset allocation over individual security selection when constructing client portfolios. To determine the proper asset allocation, advisors will consider the client’s risk tolerance, investment goals, cash flow needs, time horizon and other unique factors.

Baron Wealth Management, LLC

Baron Wealth Management, LLC has several financial advisors in its offices in Troy. It has hundreds of millions in assets under management. The firm’s clients are almost all individuals, with slightly more high-net-worth individuals than non-high-net-worth individuals. The firm also provides services to pension and profit sharing plans; trusts, estates and charitable organizations; as well as corporations or other business entities.

Baron is a fee-based firm, meaning some advisors may earn commissions through certain transactions on top of the advisory fees you pay. While this practice creates potential conflicts of interest, the firm is bound by fiduciary duty to always act in its clients’ best interests.

Wealth management fees can come in the form of a fixed charge or a percentage of your AUM. The firm's wealth management service is paid as an annual retainer that ranges from $5,000 to $120,000, depending on the size of your account and the complexity of your personal situation. The exact calculation of your fees will be laid out at the outset of your relationship with the firm.

Baron Wealth Management Background

Baron Wealth Management was established in Troy in 2010, and its principal owner is Beth A. Zilka, who’s also the firm’s managing member and chief compliance officer (CCO). Zilka has a master’s degree in business administration (MBA).

Baron provides comprehensive wealth management services, which include both financial planning and investment management. Additionally, the firm offers consulting for situations that don’t require ongoing management. Occasionally, the firm will also hold educational workshops or seminars.

Baron Wealth Management Investment Philosophy

Baron subscribes to modern portfolio theory (MPT) which emphasizes asset diversification to maximize return for a given level of risk. The firm seeks to establish a specific risk tolerance for each client’s portfolio and then optimize return based on that distinction.

The firm takes into account that every client will have differing requirements, so it tailors its investment strategy to your liquidity needs, time horizon and financial goals. The firm takes these factors and uses them to create an asset allocation and investment strategy that’s best equipped to produce success over the long term.

MKD Wealth Coaches, LLC

MKD Wealth Coaches, LLC has been providing investment advice to clients in the Troy area since 2006. Its current clients are a combination of individuals, high-net-worth individuals and pension and profit-sharing plans. It also offers services to trusts, estates, charitable organizations, corporations and business entities. MKD Wealth Coaches is a fee-based firm, and the minimum to become a client is $500,000.

Some MKD advisors are separately licensed to sell insurance products such as annuities and life insurance, which may generate commissions on top of the fees you pay. This creates a potential conflict of interest, but keep in mind that the firm has a fiduciary duty to always act in the best interest of its clients.

Among the firm’s advisors is one certified financial planner (CFP), one chartered life underwriter (CLU) and one chartered financial consultant (ChFC).

Asset management fees are based on a percentage of your portfolio’s market value. These rates can vary up to 1.95%. Financial planning services may be accompanied by a fixed fee or an hourly fee. If fixed, the fee will range from $1,000 to $50,000, while hourly fees fall somewhere between $200 and $500.

MKD Wealth Coaches Background

MKD Wealth Coaches was founded in December 2006. The firm has three equal owners: John Dankovich, Joseph Mackey and Nathan Bohannon.

The firm provides financial planning and consulting services to its clients, along with discretionary investment management. MKD also offers advisory services regarding annuity products, individual bonds, employer-sponsored retirement plan accounts and 529 accounts.

MKD Wealth Coaches Investment Philosophy

MKD Wealth Coaches may recommend a plethora of securities, including stocks, bonds, mutual funds (held directly or held within variable annuities, life insurance products or employer retirement plans), exchange-traded funds (ETFs), municipal securities, options contracts, futures contracts and other types of investments.

The firm creates and maintains several model portfolios that each stick to varying volatility levels. Depending on a client’s tolerance for risk, time until retirement, cash flow needs and other factors, the firm will put together a personalized asset allocation that makes the most sense by drawing from one of these models and tailoring it as needed.

Arbor Wealth Advisors, LLC

Arbor Wealth Advisors, LLC has been an investment advisor since 2013. Its client base is almost entirely made up of high-net-worth individuals, save for a few individual clients without a high net worth. Arbor has millions in assets under management (AUM).

Arbor Wealth Advisors calculates advisory fees on an annual retainer basis, but invoices on a quarterly basis. These fixed fees will be between $8,000 and $50,000, depending on the complexity of your situation. For financial planning services, the firm will charge an hourly rate of $300.

Arbor Wealth Advisors Background

Arbor Wealth Advisors was formed in 2013 by its sole owner, Aaron R. Andreas. Andreas is the firm’s only advisor, and he has more than a decade of experience advising clients. In addition to his work with Arbor, Andreas is also a co-founder of Baron Wealth Management.

Arbor provides fee-only investment management, financial planning and consulting services to its clients. Investment management services are typically discretionary, and financial planning services are provided on an hourly basis.

Arbor Wealth Advisors Investment Philosophy

Arbor’s investment approach is grounded in the belief that markets are efficient over the long term. The firm, applying the tenets of modern portfolio theory, seeks to optimize each client’s portfolio for their particular level of risk. This is done by constructing a diverse allocation of asset classes, typically through no-load mutual funds. The firm may also invest in fixed-income instruments or funds to help adjust the risk level of a portfolio.

Confidential Management Advisors, Inc.

Confidential Management Advisors, Inc. has been an investment advisor in Troy since 1988. Its clients include only individuals and high-net-worth individuals. The firm has millions in assets under management (AUM), and it doesn’t impose any sort of account minimum.

The firm is fee-based, meaning that in addition to client fees, some advisors may earn commissions through conducting securities transactions or selling insurance products. Although this creates potential conflicts of interests, the firm must act in your best interests according to its fiduciary duty.

Confidential Management Advisors charges its investment management fees as a percentage of your AUM that can range from 1.00% to 1.50%. For financial planning services, the firm will typically charge a fixed fee with a maximum rate of $5,500. All fees are negotiable at the discretion of the firm.

Confidential Management Advisors Background

Confidential Management Advisors was formed in 1998, and it’s owned and controlled by John Noonan and Craig Adams. Noonan and Adams also serve as the firm’s two advisors, though information regarding their certifications isn’t currently available.

Confidential Management Advisors’ premier service is investment supervisory. It also offers financial planning through what it terms “Personal Resource Management (PRM) Executive Summary & Guidebook” reports. These analyze your personal financial situation and forecast how difficult it could be for you to reach your long-term goals.

Confidential Management Advisors Investment Philosophy

Confidential Management Advisors primarily employs fundamental analysis when it comes to evaluating securities, although it may use charting, technical and cyclical analysis when it deems such methods appropriate. Fundamental analysis is the attempt to discern a company’s intrinsic economic value by analyzing things like its balance sheet, management and other financial documents rather than focusing only on the movement of its stock price.

The firm typically advises clients on equity securities, exchange-traded funds (ETFs), mutual funds, corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, investment company securities, U.S. government securities and more. When determining how to allocate across asset classes, the firm tailors its approach to each client’s goals, timeline and risk tolerance.

Miller Capital, Inc.

Miller Capital, Inc. has been an investment advisor in Michigan since 1999. Its clients include individuals, high-net-worth individuals and businesses. The firm does not have a minimum initial investment stipulation.

Miller Capital is a fee-only advisory firm. For investment management clients, the firm charges fees as a percentage of your AUM. This percentage will vary between 0.30% and 0.85%, depending on the size of your account and what your assets are invested in. For financial planning services, the firm will charge a fixed, annual fee that’s negotiable.

Miller Capital Background

Miller Capital was formed just before the new millennium, and it’s owned and controlled by founder Mark A. Miller. Miller also serves as the firm’s president and only advisor. He has a Juris Doctor (JD) degree, and he’s also a chartered financial analyst (CFA).

Miller Capital provides discretionary investment management, non-discretionary investment advice and wealth management services to its clients. Wealth management might involve financial planning, although the firm doesn’t typically use the term “financial planning” to describe what it does.

Miller Capital Investment Philosophy

Miller Capital primarily employs fundamental analysis when it comes to evaluating securities. Fundamental analysis is the attempt to discern a company’s intrinsic economic value in relation to its price. The firm will do this by examining financial documents and other publicly available information, as well as overall financial and economic indicators.

The firm begins the creation of your portfolio by meeting with you and establishing your investment goals, preferences, liquidity needs, risk tolerance and any other pertinent information. With these factors in hand, the firm will formulate an asset allocation that best sets you up for long-term success.

Firstmetric, LLC

Firstmetric, LLC is a fee-only firm serving high-net-worth individuals, individuals, trusts, foundations, estates, business entities, qualified retirement plan sponsors and charitable organizations.

What makes Firstmetric relatively unique in terms of fees is that the firm doesn’t charge fees based on a percentage of assets under management (AUM). Instead, it charges a fixed flat fee for all of its advisory services. The firm doesn’t have a set account minimum. 

Firstmetric, LLC Background

Firstmetric was established in 2017 by principal owner and chief executive officer (CEO) Scott Salaske. The firm’s main advisory services are portfolio management and financial planning. 

However, Firstmetric also provides tax optimization and portfolio transition services. 

Firstmetric, LLC Investment Philosophy

Firstmetric says on its firm brochure that it relies upon a long-term, buy-and-hold and rebalance investment philosophy. The firm recommends a number of investment securities, including passively managed index and/or asset class mutual funds and exchange-traded funds (ETFs).

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.

Least
Most
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