Best Financial Advisors in Dearborn

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
90+
Advisors
4.6/5.0
Average Rating

Dearborn Financial Landscape

With a population of 95,884, Dearborn is a key player in the automotive sector, bolstered by its proximity to Detroit. The economy is diversifying, with growth in technology and healthcare.

Major industries
Automotive, Manufacturing, Technology
Population
95884
Median household income
$60,000
Unique needs
Dearborn's diverse population requires tailored financial services and community-focused investment strategies.
Market Insights
Economic Growth
According to BEA (2023), Dearborn's economy is expanding, driven by automotive innovation and a growing tech sector.
Wealth Demographics
According to Census (2023), the median income in Dearborn is approximately $60,000, reflecting a diverse economic base.
Advisor Specializations
Based on BLS (2023), financial advisors in Dearborn are increasingly specializing in retirement planning and asset management.
Local Considerations
Cost of Living
According to BLS (2024), Dearborn's cost of living is competitive, with housing costs being a significant factor.
Real Estate Market
According to Zillow (2024), Dearborn's real estate market shows steady appreciation, but affordability remains a concern for many residents.
Business Environment
According to Fortune (2024), Dearborn offers a supportive business climate, particularly for startups in tech and manufacturing.

Top 5 Financial Advisors in Dearborn

Elder Financial Consultants
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Norm Turfe
★ ★ ★ ★ ★ 5
Merrill Lynch Wealth Management
★ ★ ★ ★ ★ 5
Peak Wealth Management, LLC
★ ★ ★ ★ ★ 5
Merrill Lynch Financial Advisor Steven Schweickart
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Dearborn, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Dearborn-Specific Expertise
For Dearborn residents working in Automotive, Manufacturing, Technology, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Dearborn's automotive focus poses risks; diversify into tech and healthcare. Real estate may face volatility; monitor housing trends. Flooding is a concern.

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Find Financial Advisors in Nearby Cities

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