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Portfolio Size of 100K and
above
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Your service helped us connect with Brian who had clients similar to our situation.
Former advisor put our cash in a cookie-cutter investment plan and we wanted to find alternative options...
Susan, a Retired Executive from New York
Personalized advice for portfolio size
of 100K & above
Cleveland, Ohio, known for its affordable cost of living and growing job market, attracts professionals, families, and retirees alike. Folks approaching retirement can consider settling down in Ohio since the state does not levy state income tax on Social Security benefits.
With over 600+ financial advisors in Cleveland to choose from, finding the right fit for your needs can prove to be a challenge. WiserAdvisor simplifies this process by connecting you with vetted professionals, including fiduciary advisors in Cleveland, Ohio, who are legally obligated to act in your best interest. Whether you?re looking for investment management, financial planning, estate planning, or retirement planning in Cleveland, we can help you find a suitable match.
For over two decades, we have maintained a trusted directory of advisors who meet strict industry standards. Every Cleveland financial advisor in our network is screened for experience and maintains clean records with FINRA and SEC. Let us help you find a financial planner in Cleveland who understands your unique financial situation and has the relevant financial qualifications to guide you toward your financial goals.
Cleveland
has
11
WiserAdvisor vetted Financial Planners and Advisors on the online list below for you to
choose from. These financial advisors in
Cleveland,
Ohio
have an average of
19
years of experience.
NOTE: The list of vetted financial
advisors in
Cleveland,
Ohio
mentioned below does not include all the advisors in our network due
to their compliance listing restrictions. More vetted advisors may
be available when you use our free match service
to compare financial advisors near you in
Cleveland, Ohio.
| Financial Advisor | Experience | AUM | Minimum Assets | Fee Structure |
|---|---|---|---|---|
|
Sequoia Financial Group
1350 Euclid Ave., Suite 800, Cleveland, OH 44115 6095 Parkland Blvd, Mayfield Heights, OH 44124 |
Not Disclosed | Not Specified | $0 | Fee-Based |
| Not Disclosed | $270,770,414,647 | Not Specified | Fee-Only | |
|
Brian Davis
CEPA®, CLU®, CPFA, AIF®, ChFC® DAVIS WEALTH MANAGEMENT, LLC 3998 Broadview Road, Suite A, Richfield, OH 44286 |
Not Disclosed | Not Specified | $500,000 | Fee-Based |
|
James Elios
CLU®, AIF®, ChFC® ELIOS FINANCIAL GROUP, INC. 30700 Center Ridge Road, Westlake, OH 44145 |
30 Years | $250,000,000 | $500,000 | Fee-Only |
|
Jonathan Kesselman
JD, CFP® KESSELMAN WEALTH MANAGEMENT 159 Crocker Park Blvd Suite 400, Westlake, OH 44145 |
11 Years | Not Specified | $250,000 | Fee-Based |
|
Gary Hannah
CFP® STRATOS WEALTH PARTNERS 291 North Cleveland Massillon Road, Suite 100, Akron, OH 44333 |
16 Years | $0 | $100,000 | Fee-Based |
| 20 Years | $600,000,000 | $500,000 | Fee-Based | |
| Not Disclosed | Not Specified | $0 | Fee-Based | |
| Not Disclosed | $275,000,000 | $250,000 | Fee-Only | |
| Not Disclosed | $270,770,414,647 | Not Specified | Fee-Only |
Qualifications
Firm CRD# 117756
Series 7
Compensation/Fee Fee-Based, Based on Assets
Office Location
1350 Euclid Ave., Suite 800,
Cleveland,
OH
44115
Phone Number
888-225-3777
Office Location
6095 Parkland Blvd,
Suite 210,
Mayfield Heights,OH 44124
Phone Number
888-225-3777
Sequoia uses the depth of our resources and the diversity of our talent to bring the right advisory team to every client. To do so, we've built a team culture where advisors and technicians can focus on specialization that matches their clients' needs. We bring clarity through our planning advice and asset management, accelerated by our custom technology platform and operational expertise. You are the central figure in your financial story, and you deserve an advisory team that will create an experience that is Built For You. Sequoia Financial Group offers full-service, comprehensive wealth management services. Wealth Planning - Our specialized, in-house Wealth Planning team takes a holistic approach to your finances, delivering comprehensive financial analysis, personalized strategies, and a built-for-you wealth plan you can put into action right away. Asset Management - Our team of investment experts is committed to achieving results for you. We employ a data-driven approach, meticulously and continuously evaluating the investment landscape. Family Office Services - Sequoia Sentinel serves families of exceptional means through long-term thinking, comprehensive planning, and robust investment capabilities. We prioritize preserving your legacy. What you can expect from Sequoia Financial Group: Objectivity - We are fiduciaries, we strive to simplify complex financial decisions so that our clients can take center stage. Service Across The Full Wealth Continuum - We proudly serve clients with diverse sources and substance of wealth, leveraging our operational expertise to support advisory teams focused on clients they love. Specialized Teams - We empower advisor teams to prioritize planning for and being with their clients. Our advisors and technical specialists are empowered to build practice groups with similar needs and expectations.
Advisory Services Provided:
Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Financial Planning for Businesses, Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities
Qualifications
Firm CRD# 104510
Compensation/Fee Fee-Only, Based on Assets
Office Location
3201 Enterprise Parkway,
Suite 450,
Beachwood,
OH
44122
Phone Number
877-208-7414
Since 1986, Edelman Financial Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all investors - not just the wealthy - deserve access to personal, comprehensive financial planning and investment advice. Today, we are America's top independent investment advisory firm as recognized by Barron's1 (September 2024, based on data within a 12-month period). With 143+ offices across the country and 1.3 million clients (as of September 30, 2024), we manage more than $300 billion in assets. 1.The Barron's 2024 Top 100 RIA Firms list, a ninth-year ranking of independent advisory firms, is qualitative and quantitative, including assets managed by the firms, technology spending, staff diversity, succession planning and other metrics. Firms elect to participate but do not pay to be included in the ranking. Ranking awarded each September based on data within a 12-month period. Investor experience and returns are not considered.
Qualifications
CRD# 2264620
Firm CRD# 6413
Series 6, 7, 24, 63, 65
Compensation/Fee Fee-Based, Hourly, Commissions, Flat Fee, Based on Assets
Office Location
3998 Broadview Road, Suite A,
Richfield,
OH
44286
Phone Number
330-777-3329
Brian assists his clients with pursuing financial freedom through financial and investment planning with an emphasis on holistic financial planning. His responsibilities include analyzing your goals and objectives, designing a suitable investment and risk management portfolio, and assisting in your estate and business planning strategies while helping to minimize taxes at the corporate and individual level. Our greatest satisfaction comes from your success and the long-term relationship we develop together. Davis Wealth Management, LLC is a Registered Investment Advisor with the state of Ohio. Brian is a Certified Financial Planner® (CFP®) and holds the Accredited Investment Fiduciary® (AIF®) and Professional Plan Consultant™ (PPC™) designations from the Center for Fiduciary Studies. The designations focus on all the components of a comprehensive investment process, related fiduciary standards of care, and commitment to excellence. Brian holds the Certified Plan Fiduciary Advisor (CPFA®) designation from the National Association of Plan Advisors (NAPA). Brian is also a Chartered Financial Consultant (ChFC®) and Chartered Life Underwriter (CLU®), as well as a member of the Society of Financial Services Professionals. Brian graduated from the University of Notre Dame, Notre Dame, IN with a Bachelor of Science degree. He received his MBA degree with a concentration in Finance from Drexel University, Philadelphia, PA. Brian is a past president of the Notre Dame Club of Akron, past president of the University of Notre Dame Alumni Board and has served as a trustee on the Board of Trustees for the University of Notre Dame. Brian, and his wife Anne, raised their three children in Medina, OH.
Helping You Sustain Your Legacy We are in the business of advising clients who want to develop and implement a comprehensive, effective, long-term financial strategy, customized to their personal goals and resources. We expect our relationship to endure for many years, and possibly even for generations. Because our professional perspective is, essentially, permanent, we work hard to foster and preserve the trust and confidence of our clients. We hold ourselves to high standards of expertise, professionalism and service, and we emphasize regular, interactive communication as our best resource for assessing and improving the quality of the service we provide.
Advisory Services Provided:
Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Financial Planning for Businesses, Investment Advice & Management, Insurance Products & Annuities
Qualifications
CRD# 2681022
Firm CRD# 119873
Series 7, 24, 63, 65
Compensation/Fee Fee-Only, Hourly, Flat Fee, Based on Assets
Office Location
30700 Center Ridge Road,
Westlake,
OH
44145
Phone Number
440-617-9100
He graduated from Bowling Green State University with a Bachelor of Science in Business Administration (BSBA) with a concentration in marketing and finance. He obtained an MBA from Baldwin Wallace University. He has also obtained the designations Chartered Financial Consultant® (ChFC®) and Charter Life Underwriter (CLU®) from The American College in Bryn Mawr, PA. He is a licensed securities professional through FINRA, holding the Series 7 24, 63 as well as a licensed insurance agent through the Ohio Department of securities. He has more than 26 years experience in the Financial Services industry, including retail banking with National City Bank, Cleveland, as financial planner with Lincoln Financial Advisors, as well as founder of Elios Financial Group, in 2000. Jim is a frequent public speaker on financial planning issues, the economy and financial markets, providing workshops for companies, government, non-profits and charity organizations including the Social Security Administration, Lincoln Electric, AT&T, and Fairview Hospital/Cleveland Clinic. He has contributed as a columnist for the Plain Dealer "Ask the Expert" feature column. Jim has made many local Cleveland media appearances including television on Action Channel 19 News and radio on The Lannigan Show 105.7 WMJI. He completed a due diligence trip to Asia, including Singapore, Hong Kong, and China, where he gave a lecture to students at Zhejing University City College in Hangzhou, China. Jim resides in Avon Lake with his wife and their 3 children and is a lifelong resident of Cleveland and a graduate of North Olmsted High School.
Elios Financial Group, founded in 2002, is a financial planning and investment management firm (wealth management) dedicated to serving the unique needs of pre-retirees and retirees in the evaluation, analysis and implementation of a well-conceived financial, retirement and investment plan. We use the latest of technology to create customized financial plans and investment portfolios to help clients pursue their financial goals. We are unconstrained in independence and flexibility in offering financial advice and investment management services. WE ARE PASSIONATE ADVOCATES OF SMART MONEY MANAGEMENT. MISSION: ENVISION | ENLIGHTEN | ENRICH We build long-term relationships by helping clients Envision their dreams, Enlighten them to make informed financial decisions through education, and provide service which ultimately Enriches their lives. VALUE PROPOSITION We provide highly personal and customized service with the ability to analyze complex situations and offer sophisticated solutions and advice on an objective, mutual beneficial and professional manner.
Advisory Services Provided:
Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Financial Planning for Businesses, Investment Advice & Management, Tax Advice and Services, Estate Planning & Trusts
Qualifications
CRD# 6222037
Firm CRD# 6413
Series 7, 66
Compensation/Fee Fee-Based, Based on Assets
Office Location
159 Crocker Park Blvd Suite 400,
Westlake,
OH
44145
Phone Number
440-709-3315
Jonathan is the wealth advisor for Kesselman Wealth Management and a CERTIFIED FINANCIAL PLANNER™ certificant. He brings over 10 years of experience in the financial services industry, focusing on planning for medical professionals, executives, pre-retirees, and families. He began his financial services career at UBS Financial Services as a wealth planning analyst, training financial advisors in delivering comprehensive financial planning to their clients. Before UBS, Jonathan was an attorney in private practice. Jonathan lives in Bay Village, OH with his wife and six children. He serves on the board of the Cleveland Zoological Society (Cleveland Metroparks Zoo) and is a member of the Estate Planning Council of Cleveland.
Kesselman Wealth Management helps individuals and families successfully plan for and navigate retirement. We believe that thoughtful, detailed planning is one of the most effective ways to create financial security. Our clients receive proactive guidance on investment management, tax-efficient distribution strategies, insurance planning, debt reduction, and estate planning considerations. As a fee-based planning practice, we are fiduciaries, and always act in the best interests of our clients.
Advisory Services Provided:
Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities
Qualifications
CRD# 5614233
Firm CRD# 153184
Series 7, 66
Compensation/Fee Fee-Based, Commissions, Flat Fee, Based on Assets
Office Location
291 North Cleveland Massillon Road,
Suite 100,
Akron,
OH
44333
Phone Number
330-664-2273
Gary Hannah, CFP®, is a Wealth Advisor with over 30 years of professional experience, including more than 15 years in financial services. Originally from Gahanna, Ohio, Gary grew up in a family dedicated to hard work and servicehis father was a dentist who raised Arabian horses, and his mother was a head nurse in oncology. Gary graduated from the University of Akron, where he played soccer-a passion he still enjoys today. After college, he moved to Columbus and later to Cleveland. His journey into financial services was deeply personal, shaped by the challenges his family faced. Following the sale of the family farm, Gary's father passed away before enjoying the fruits of his labor, and his mother's investments were poorly managed, leading to significant losses during the financial crisis. These experiences motivated Gary to help others create, implement, and monitor financial plans that protect their interests and goals. Gary began his financial career with Merrill Lynch in 2008 and went on to hold roles at Thrivent Financial, New England Securities, and Peak Wealth Solutions, where he earned his CERTIFIED FINANCIAL PLANNER™ designation and managed over $70 million in assets. In 2024, he joined Stratos Wealth Partners to collaborate with a team and work with clients closer to home. Gary is passionate about helping clients define their financial goals, explore practical options, and build sustainable plans for the future. He is committed to being an ongoing resource and advocate for his clients' success. Outside of work, Gary enjoys spending time with his family and staying active on the soccer field.
We believe Stratos Wealth Partners offers our clients a clear advantage. By bringing the resources of a national firm to the local level, we enable our advisors to take full advantage of our organizational depth of knowledge, research, talent, and expertise to serve a broader spectrum of client needs. Through innovative thinking, insightful guidance and practical advice your advisor has access to vast resources in developing the custom strategies you seek and the unparalleled service you require.
Advisory Services Provided:
Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Financial Planning for Businesses, Investment Advice & Management, Insurance Products & Annuities
Qualifications
CRD# 5288710
Firm CRD# 143194
Series 65
Compensation/Fee Fee-Based
Office Location
700 Ghent Road, Suite 100,
Akron,
OH
44333
Phone Number
330-777-0688
Kevin grew up in western Pennsylvania (go Steelers!) in a small steel town on the Ohio River. He worked his way through college and graduated from the University of Akron (B.A. Education and M.B.A Finance). He discovered financial services in 2002 and founded True Wealth Design in 2007. Read more at https://www.truewealthdesign.com/team/kevin-kroskey-cfp
About True Wealth Design, LLC:
As of 3/31/2024, we serve 450+ wealth clients (manage $600MM+ on their behalf) and 700+ tax/accounting clients, helping them all Plan Smarter and Live Better. We have multiple highly experienced and credentialed professionals -- CERTIFIED FINANCIAL PLANNER" Professionals, CFA® or Chartered Financial Analysts®, and CPAs -- on our team. We serve clients nationwide and have offices in Ohio (Akron, Bay Village, Canfield, Hudson), Pennsylvania (Sewickley) and Florida (Ft. Myers, Naples).
Retirement Planning: We specialize in retirement planning, retirement distribution planning and cash flow management.
Tax Planning: We provide proactive accounting and tax services through our True Wealth Accounting & Tax division.
Investment Management: Our investment philosophy is science-based and focuses on low-cost, tax-efficient, and well diversified portfolios that are thoughtfully aligned to your retirement plan and spending needs.
Advisory Services Provided:
Retirement Planning, Investment Advice & Management, Tax Advice and Services
Qualifications
Firm CRD# 117756
Series 7
Compensation/Fee Fee-Based, Based on Assets
Office Location
3500 Embassy Pkwy Suite 100,
Akron,
OH
44333
Phone Number
888-225-3777
Sequoia uses the depth of our resources and the diversity of our talent to bring the right advisory team to every client. To do so, we've built a team culture where advisors and technicians can focus on specialization that matches their clients' needs. We bring clarity through our planning advice and asset management, accelerated by our custom technology platform and operational expertise. You are the central figure in your financial story, and you deserve an advisory team that will create an experience that is Built For You. Sequoia Financial Group offers full-service, comprehensive wealth management services. Wealth Planning - Our specialized, in-house Wealth Planning team takes a holistic approach to your finances, delivering comprehensive financial analysis, personalized strategies, and a built-for-you wealth plan you can put into action right away. Asset Management - Our team of investment experts is committed to achieving results for you. We employ a data-driven approach, meticulously and continuously evaluating the investment landscape. Family Office Services - Sequoia Sentinel serves families of exceptional means through long-term thinking, comprehensive planning, and robust investment capabilities. We prioritize preserving your legacy. What you can expect from Sequoia Financial Group: Objectivity - We are fiduciaries, we strive to simplify complex financial decisions so that our clients can take center stage. Service Across The Full Wealth Continuum - We proudly serve clients with diverse sources and substance of wealth, leveraging our operational expertise to support advisory teams focused on clients they love. Specialized Teams - We empower advisor teams to prioritize planning for and being with their clients. Our advisors and technical specialists are empowered to build practice groups with similar needs and expectations.
Advisory Services Provided:
Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Advice & Consulting, Financial Planning for Individuals, Financial Planning for Businesses, Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities
Qualifications
CRD# 6653328
Firm CRD# 312978
Compensation/Fee Fee-Only, Flat Fee, Based on Assets
Office Location
36901 American Way Suite 7,
Avon,
OH
44011
Phone Number
440-365-9100
We understand the challenges that individuals and families face when it comes to their financial well-being. We recognize that navigating the complex world of finance can be overwhelming and often leaves people feeling uncertain about their future. That's where we come in. In an ever-changing world, having a trusted advisor by your side is crucial. Landing Point Financial Group brings together a team of professionals with the expertise to add value and knowledge to your financial journey. Our advisors stay versed in the latest industry trends and are committed to providing the best possible advice and solutions, tailored to your ever-evolving situations.
Advisory Services Provided:
Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Investment Advice & Management, Tax Advice and Services, Estate Planning & Trusts
Qualifications
Firm CRD# 104510
Compensation/Fee Fee-Only, Based on Assets
Office Location
945 Windham Court,
Suite 2,
Boardman,
OH
44512
Phone Number
877-208-7414
Since 1986, Edelman Financial Engines has been committed to always acting in the best interests of our clients. We were founded on the belief that all investors - not just the wealthy - deserve access to personal, comprehensive financial planning and investment advice. Today, we are America's top independent investment advisory firm as recognized by Barron's1 (September 2024, based on data within a 12-month period). With 143+ offices across the country and 1.3 million clients (as of September 30, 2024), we manage more than $300 billion in assets. 1.The Barron's 2024 Top 100 RIA Firms list, a ninth-year ranking of independent advisory firms, is qualitative and quantitative, including assets managed by the firms, technology spending, staff diversity, succession planning and other metrics. Firms elect to participate but do not pay to be included in the ranking. Ranking awarded each September based on data within a 12-month period. Investor experience and returns are not considered.
The client testimonials appearing above may not necessarily be representative of all client experiences with WiserAdvisor. You may click on the number of total reviews hyperlinked above to review the entirety of the reviews WiserAdvisor has received. WiserAdvisor did not pay any compensation in consideration of such reviews.
| Firm Name | No. of Advisors | No. of Clients | AUM | Fee Structure |
|---|---|---|---|---|
CLEARSTEAD; HARTLAND & CO., LLC; CLEARSTEAD ADVISORY SOLUTIONS
1100 Superior Ave East, Suite 700, Cleveland, OH 44114 |
190 | 11645 | $22,368,771,314 | A percentage of AUM, Hourly charges, Fixed fees, Other (A PERCENTAGE OF ASSETS UNDER ADVISEMENT OR FLAT FEE) |
| 120 | 69 | $22,118,740,671 | A percentage of AUM, Hourly charges, Fixed fees, Performance Based, Other (RETAINER WITH INCREMENTAL CHARGES BASED ON SERVICES REQUESTED.) |
|
| 331 | 26826 | $19,711,015,200 | A percentage of AUM, Hourly charges, Fixed fees, Performance Based, Other (PERCENTAGE OF NON-INVESTMENT INCOME) |
|
| 121 | 1126 | $17,878,495,158 | A percentage of AUM, Fixed fees, Performance Based |
|
| 31 | 425 | $17,835,470,311 | A percentage of AUM, Hourly charges, Fixed fees |
|
| 94 | 2257 | $8,859,446,751 | A percentage of AUM, Hourly charges, Fixed fees, Other (A PERCENTAGE OF ASSETS UNDER ADVISEMENT) |
|
| 26 | 1630 | $3,629,363,797 | A percentage of AUM, Fixed fees |
|
| 65 | 3813 | $2,708,839,827 | A percentage of AUM, Fixed fees, Performance Based, Other (REVENUE SHARING WITH FRS, AND ON CREDIT AND CASH MGMT SOLUTIONS) |
|
| 40 | 6904 | $2,576,383,375 | A percentage of AUM, Fixed fees |
|
| 24 | 2 | $2,021,147,000 | A percentage of AUM |
|
| 31 | 13 | $1,970,307,000 | A percentage of AUM, Performance Based |
|
| 17 | 65 | $1,750,931,285 | A percentage of AUM, Performance Based |
|
| 24 | 10 | $1,462,590,642 | A percentage of AUM, Performance Based |
|
| 59 | 28 | $1,316,573,361 | A percentage of AUM, Performance Based, Other (REVENUE SHARING WITH FRS, AND ON CREDIT AND CASH MGMT SOLUTIONS) |
|
| 30 | 1731 | $1,284,124,602 | A percentage of AUM, Hourly charges, Fixed fees, Performance Based, Other (PERSONAL TRUSTEE SERVICES, BILL PAY, AND TAX PREP ASSISTANCE) |
To find a fiduciary in Cleveland, Ohio, start by looking for financial professionals registered with the SEC or state regulators, as they are legally obligated to act in your best interest. You can use tools like the SEC's Investment Adviser Public Disclosure website or FINRA's BrokerCheck to verify their fiduciary status and check for any disciplinary history.
You may also use WiserAdvisor's free match tool to search for qualified advisors. This tool will match you with 2-3 vetted financial advisors in your area who have been pre-screened for experience and hold clean records with FINRA and the SEC.
A financial advisor in Cleveland typically provides a broad range of financial services, including retirement planning, budgeting, and investment management, and more tailored to individual financial goals. In contrast, wealth management in Cleveland focuses on high-net-worth individuals and offers more comprehensive services, including tax planning, estate planning, risk management, and legacy planning. The primary focus of wealth managers is on wealth preservation and growth, whereas financial advisors may focus more on financial planning and investment guidance.
It is advised that you should meet with your Cleveland financial advisor at least once a year to review your financial plan, assess investment performance, and make necessary adjustments, if needed. However, more frequent meetings may be necessary if you experience significant life events, such as marriage, retirement, divorce, birth of a child, or a major financial windfall. You may also check in every quarter or six months if you're undergoing any major financial transition. Meeting regularly with your advisor ensures that your financial strategy remains aligned with your evolving goals
Working with a fiduciary in Cleveland, Ohio ensures that your financial advisor is legally obligated to act in your best interest, minimizing conflicts of interest. Fiduciary advisors provide unbiased financial advice, focusing on transparent fee structures rather than accruing commissions from selling financial products. This approach helps build trust and long-term relationships. Fiduciaries offer unbiased advice and guidance, ensuring the client's interests are their top-most concern.
When meeting with a financial planner in Cleveland for the first time, ask about their credentials, experience, and areas of specialization to ensure they align with your financial needs. Inquire about their fee structure (fee-only, fee-based, or commission) and whether they act as a fiduciary. Additionally, ask about their investment philosophy, approach to risk management, and how they plan to tailor their services to your financial goals. It's also crucial to discuss how often you will meet and how they will update you on your financial progress.
Yes, some financial advisors in Cleveland may have minimum asset requirements, which typically range from $100,000 to $1 million, depending on the services offered by them. While wealth managers in Cleveland often cater to high-net-worth individuals and may require even higher minimums, there are several financial planners who may work with clients at all wealth levels, including those just starting their financial journey. It is important that you inquire about any minimum requirements during your initial consultation to find the right advisor for your needs.
To verify the credentials of a financial advisor in Cleveland, you may use regulatory resources like FINRA's BrokerCheck and the SEC's Investment Adviser Public Disclosure website. These tools provide information on the advisor's registration status, disciplinary history, and credentials. Additionally, you may also ask directly or review the advisor's Form ADV, which outlines their business practices and compensation model.
Yes, you can change your financial advisor if you are not satisfied with their services. First, review your contract to understand if there are any termination fees or notice periods. Once you're ready, communicate your decision clearly and professionally. To ensure a smooth transition, find a new advisor first, preferably a fiduciary in Cleveland, Ohio, who aligns better with your financial goals and needs. Fiduciaries are legally obligated to act in your best interests and are required to disclose any conflicts of interest that may occur.
