Best Financial Advisors in Livonia, MI

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Livonia, MI Fiduciary Financial Advisors

Financial & Portfolio Advisors, Ltd.
5 out of 5
Location 15855 Farmington Rd, Livonia, MI 48154, USA
Phone (734) 261-4011
Language http://www.fipfinancial.com/
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Financial Advisors in Livonia, MI

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.

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.

FREQUENTLY ASKED QUESTIONS

FAQs About Personal Financial Advisors in Livonia, MI

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.

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.