Best Financial Advisors in Dearborn Heights

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
60+
Advisors
4.5/5.0
Average Rating

Dearborn Heights Financial Landscape

With a population of 56,620, Dearborn Heights benefits from its proximity to Detroit, fostering economic growth in manufacturing and retail. The city is also experiencing a resurgence in small business development.

Major industries
Manufacturing, Retail, Healthcare
Population
1.3M (metro: 7.8M)
Median household income
$60,000
Unique needs
Dearborn Heights requires tailored financial advice due to its diverse population and evolving economic landscape.
Market Insights
Economic Growth
According to BEA (2023), Dearborn Heights has shown steady economic growth, driven by local manufacturing and retail sectors.
Wealth Demographics
According to Census (2023), the median income in Dearborn Heights is approximately $60,000, reflecting a stable middle-class community.
Advisor Specializations
Based on BLS (2023), financial advisors in the area are increasingly specializing in retirement planning and small business consulting.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Dearborn Heights is competitive, making it an attractive option for families and retirees.
Real Estate Market
According to Zillow (2024), the real estate market in Dearborn Heights has seen a 5% increase in home values over the past year, indicating a healthy demand.
Business Environment
According to Fortune (2024), the business climate in Dearborn Heights is favorable, with supportive local policies for small businesses and entrepreneurs.

Top 5 Financial Advisors in Dearborn Heights

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

When selecting a financial advisor in Dearborn Heights, 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 Heights-Specific Expertise
For Dearborn Heights residents working in Manufacturing, Retail, Healthcare, 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 Heights faces risks from manufacturing concentration and real estate fluctuations. Monitor housing market trends and prepare for potential flooding and economic shifts.

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