What are some popular services for financial advising?

A financial advisor in Livonia, MI can offer a range of services to help individuals and businesses manage their finances. From investment planning and retirement savings strategies to tax planning and estate planning, a financial advisor can provide expert guidance and advice tailored to each client's unique needs and goals. In Livonia, MI, where the economy is heavily influenced by the automotive industry, a financial advisor can also help clients navigate the complexities of investing in this sector. With the rise of electric and autonomous vehicles, there are many new opportunities and risks to consider, and a skilled financial advisor can help clients stay ahead of the curve. Additionally, with the cost of living in Livonia being higher than the national average, a financial advisor can help clients make smart decisions about budgeting and saving to ensure they can achieve their financial objectives.

What are people saying about financial advising services in Livonia, MI?

Livonia, MI is undoubtedly the best place to get financial advising for a plethora of reasons. Firstly, the city is home to a range of financial advisors who possess a wealth of knowledge and expertise in the field. These professionals are equipped to provide sound financial advice tailored to meet the unique needs of each client. Additionally, Livonia's proximity to major financial institutions and markets makes it an ideal location for those seeking financial guidance. Furthermore, the city's robust economy and stable job market provide a solid foundation for individuals looking to grow and manage their wealth. Moreover, Livonia's commitment to education and innovation ensures that financial advisors in the area are up-to-date on the latest trends and strategies in the industry. In conclusion, if you're looking for top-notch financial advising, Livonia, MI should be your first choice.

What does a financial planner do?

A financial planner in Livonia, MI is responsible for managing the finances of individuals and businesses in the area. They work with clients to develop personalized financial plans that help them achieve their financial goals. One specific aspect of Livonia, MI that financial planners must take into consideration is the city's diverse economy. With a mix of manufacturing, retail, and service industries, financial planners must be well-versed in a variety of financial strategies and investment options. They must also be knowledgeable about the local tax laws and regulations, as well as the unique challenges and opportunities that come with living and working in Livonia, MI. Overall, a financial planner in Livonia, MI plays a crucial role in helping individuals and businesses navigate the complex world of finance and achieve long-term financial success.

When should you get a financial planner?

Livonia, MI residents should consider reaching out to a financial advisor when they are facing complex financial decisions. With a population of over 94,000 people, Livonia is a bustling city that offers a range of opportunities for its residents. However, navigating the intricacies of personal finance can be a daunting task. Whether it's planning for retirement, managing debt, or investing in the stock market, Livonia residents need to be knowledgeable about their options. A financial advisor can provide valuable guidance and support, helping individuals make informed decisions that align with their long-term goals. By leveraging their expertise in financial planning and investment management, a financial advisor can help Livonia residents build a strong financial foundation that will serve them well for years to come.

How do I choose the right financial advisor?

Livonia, MI is a city that demands a financial advisor with a unique set of qualities. A successful financial advisor in Livonia must possess a deep understanding of the local economy, as well as the ability to navigate the complex financial landscape. They must be able to provide customized financial solutions that are tailored to the specific needs of their clients. In addition, they must be able to communicate complex financial concepts in a clear and concise manner. This requires excellent communication skills, both verbal and written. A financial advisor in Livonia must also possess a strong work ethic, attention to detail, and the ability to work under pressure. They must be able to stay up-to-date with the latest financial trends and regulations, and be able to adapt their strategies accordingly. Ultimately, a successful financial advisor in Livonia must be able to build strong relationships with their clients, earning their trust and confidence through their expertise and professionalism.

What makes Livonia, MI the top choice for financial advising?

Livonia, MI is home to some of the top financial advising firms in the state of Michigan. These firms offer a wide range of financial services to help clients achieve their financial goals. One of the most notable firms in Livonia is known for its expertise in retirement planning. This firm has a team of highly skilled financial advisors who specialize in helping clients plan for their retirement years. They offer a comprehensive approach to retirement planning that includes investment management, tax planning, and estate planning. With Livonia's growing population of retirees, this firm's services are in high demand. Another top financial advising firm in Livonia is known for its expertise in wealth management. This firm offers a range of services designed to help clients grow and protect their wealth. They have a team of experienced financial advisors who work closely with clients to develop customized investment strategies that align with their unique financial goals and risk tolerance.

How do financial advisors get paid?

In Livonia, MI, financial advisors can be compensated in a variety of ways. One common method is through commissions earned on the sale of financial products, such as mutual funds or insurance policies. Another way is through a fee-based model, where clients pay a set fee for the advisor's services, regardless of the products they purchase. Additionally, some advisors may receive a percentage of the assets they manage for their clients, known as asset-based compensation. In Livonia specifically, financial advisors may also receive compensation through referrals from other professionals in the area, such as attorneys or accountants. With the complex and ever-changing financial landscape, it's important for Livonia residents to carefully consider the compensation structure of their financial advisor to ensure they are getting the best possible advice and service.

Find the Top Financial Advisors Serving Livonia, MI

Name: Financial & Portfolio Advisors, Ltd.
Address: 15855 Farmington Rd, Livonia, MI
Telephone: (734) 261-4011

Connect With a Financial Planner

List of Firms

Livonia, MI Fiduciary Financial Advisors

Financial & Portfolio Advisors, Ltd.

5 out of 5

15855 Farmington Rd, Livonia, MI 48154, USA

(734) 261-4011

http://www.fipfinancial.com/

Directions

Where Certified Financial Advisors in Livonia, MI Serve

Livonia, MI is a vibrant city with a diverse range of landmarks, top employers, major highways and streets, and neighborhoods. From the iconic Livonia City Hall to the sprawling Laurel Park Place shopping mall, Livonia is a city that has something for everyone. Top employers in the area include Ford Motor Company, Trinity Health, and Schoolcraft College, all of which contribute to the thriving economy of the city. Major highways and streets such as I-96, I-275, and Plymouth Road provide easy access to other parts of the state, while neighborhoods like Rosedale Gardens and Burton Hollow offer a sense of community and belonging. Whether you're looking for a bustling urban center or a quiet suburban retreat, Livonia has it all.

Nearby Locations

Allegan County, MI Ann Arbor, MI Auburn Hills, MI Bay City, MI Bay County, MI Berrien County, MI Bingham Farms, MI Birmingham, MI

Services Provided by Fee Based and Fee Only Financial Advisors

Banks and Credit Unions

Residents of Livonia, MI can benefit greatly from the guidance of a financial advisor in a number of ways. One of the most common ways is by creating a personalized financial plan that takes into account their unique circumstances and goals. This can include strategies for saving for retirement, paying off debt, and investing in the local economy. A financial advisor can also help residents navigate the complex world of taxes, including understanding deductions and credits specific to Michigan. Additionally, with Livonia being home to many small businesses, a financial advisor can provide valuable advice on managing cash flow and expanding operations. Overall, a financial advisor can help residents of Livonia achieve financial stability and security, allowing them to focus on enjoying all the city has to offer.

Insurance Broker

Residents of Livonia, MI can benefit greatly from the services of an insurance broker. With Livonia being a suburban city located in Wayne County, Michigan, residents may have unique insurance needs specific to their location. An insurance broker can help residents navigate the various insurance options available to them, including home, auto, and health insurance. For example, Livonia experiences harsh winters with heavy snowfall, which can increase the likelihood of car accidents and damage to homes. An insurance broker can help residents find the best coverage options to protect their assets and finances in the event of an accident or weather-related incident. Additionally, an insurance broker can assist residents in finding affordable insurance options that fit their budget and meet their specific needs.

Retirement Planning

Residents of Livonia, MI can benefit greatly from the services of a retirement planner. One of the most common ways a retirement planner can help Livonia residents is by creating a personalized retirement plan that takes into account their unique financial situation and retirement goals. With the cost of living in Livonia being slightly higher than the national average, it's important for residents to have a well-planned retirement that allows them to maintain their standard of living. A retirement planner can also help Livonia residents navigate the complex world of retirement savings accounts, such as 401(k)s and IRAs, and ensure they are taking advantage of all available tax benefits. Additionally, a retirement planner can provide guidance on Social Security benefits and help Livonia residents maximize their benefits to ensure a secure retirement.

Wealth Management

Residents of Livonia, MI can benefit greatly from the services of a wealth manager. With a population of over 94,000 people, Livonia is a thriving city that offers a wide range of opportunities for its residents. A wealth manager can help individuals and families in Livonia achieve their financial goals by providing personalized investment advice, creating a comprehensive financial plan, and managing their assets. Specifically, residents of Livonia may need help navigating the local real estate market, which has seen significant growth in recent years. A wealth manager can provide guidance on buying and selling property, as well as managing rental properties and other real estate investments. Additionally, with many residents employed in the automotive industry, a wealth manager can offer specialized advice on retirement planning and managing stock options. Overall, a wealth manager can help residents of Livonia achieve financial security and peace of mind.

Mortgage Loan Officer

Residents of Livonia, MI can benefit from the expertise and services of a mortgage loan officer in a variety of ways. For instance, a mortgage loan officer can help residents navigate the complex process of obtaining a mortgage and secure the best possible interest rates and terms for their individual financial situation. Additionally, a mortgage loan officer can provide guidance on the various types of mortgages available and help residents select the most appropriate one for their needs. With a deep understanding of the local real estate market, a mortgage loan officer can also provide valuable insights into the Livonia housing market and assist residents in finding the perfect home to meet their needs and budget. Overall, a mortgage loan officer can be an invaluable resource for Livonia residents looking to make one of the biggest financial decisions of their lives.

Tax Services

Residents of Livonia, MI can benefit greatly from the expertise of a tax advisor. One specific way a tax advisor can help Livonia residents is by navigating the various tax incentives available for small businesses in the city. Livonia has a strong business community, with many small businesses contributing to the local economy. A tax advisor can help these businesses take advantage of tax breaks and credits, such as the Livonia Small Business Tax Credit, which can save them money and help them grow. Additionally, a tax advisor can assist residents in maximizing their deductions and minimizing their tax liability, ensuring they keep more of their hard-earned money. With the help of a tax advisor, Livonia residents can feel confident in their financial decisions and secure in their financial future.

Estate Planning Lawyer

Livonia, MI residents can benefit greatly from the services of an estate planning lawyer. One of the most common ways that an estate planning lawyer can help Livonia residents is by creating a comprehensive estate plan that ensures their assets are distributed according to their wishes after they pass away. Additionally, an estate planning lawyer can help Livonia residents with drafting important legal documents such as wills, trusts, and power of attorney agreements. With Livonia being a city with a large aging population, an estate planning lawyer can also assist with long-term care planning, including Medicaid planning and nursing home care. By working with an estate planning lawyer, Livonia residents can have peace of mind knowing that their affairs are in order and their loved ones will be taken care of in the event of their passing.

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