Whether you are going through a major life change and want to make sure you are prepared or just trying to manage your money better, fiduciary financial advisors help you reach your goals. Our partners at ConsumerAffairs researched the best financial advisors in Green Bay so you can get the financial help you need.
Any significant financial change, including a new house, new job, new baby or new monetary goal, warrants seeing a financial advisor to make sure you’re on solid ground. Financial advisors help clients plan, save and invest in making their financial goals a reality.
People don’t need to be wealthy to benefit from getting an outside opinion on their finances. While investment advisors may have a minimum asset requirement to accept a client for asset management, often $100,000, more general financial planners don’t have that sort of restriction.
Types of financial advisors
First off, financial advisors in Green Bay are either fiduciary or non-fiduciary. Fiduciary status means they are legally required to look out for your best interests.
A non-fiduciary advisor is still professionally bound to make sure your investments are well-suited for someone in your situation, but they are not required to find the absolute best path for you. This often leads to conflicts of interest in which non-fiduciary advisors recommend asset management options that are better for them, thanks to incentives and third-party deals, than what’s ideal for the client.
Beyond fiduciary status, there are many different types of financial advisors in Green Bay. Investment advisors, financial planners, retirement advisors and money advisors all differ in their services offered and qualifications.
Not all financial advisors in Green Bay are even human anymore. Robo-advisors are computer software based on algorithms that give you the best options based on a questionnaire you answer about your goals and risk tolerance. There are also hybrid advisors where most of your financial planning is through a robo-advisor, but you also have access to a human finance professional if you have questions.
What is the cost of a financial advisor in Green Bay?
Financial advisors in Green Bay make money in several ways, as shown in the table below:
Type of Compensation
The customer pays a retainer fee quarterly or annually for constant or on-call service, such as asset management.
The customer pays per hour, usually $100 - $300 per hour.
Customers pay a flat fee upfront for well-defined projects.
The financial advisor receives a percentage of every investment transaction.
Percent of assets under management
The client pays a percentage of their invested assets to the financial advisor for asset management, usually between 0.5% - 2% taken directly from the account in scheduled increments.
Financial advisors in Green Bay may also receive a combination of flat fees and a commission. Advisors call this pay structures fee-based, rather than fee-only.
Ask your money advisor how they make a profit to verify they’re working in your best interest.
What qualifications should a financial advisor have?
Facet Wealth opened in 2016 and has over 45 team members. Its clients get a dedicated CFP that they can call with questions. The company’s focus is on a holistic approach to asset management for the average family, with an emphasis on transparency and simplicity.
Macco Financial Group
Macco Financial Group has been in business in Green Bay since 2004, and the founder’s son is now president. It has a small but qualified team that uses a Five-Star Formula to walk clients through their finances and find the best products.
Wealth Enhancement Group
Using a three-step process to organize, collaborate and guide, Wealth Enhancement Group finds the best solutions possible for its clients. Four advisors founded the company in 1997, and it has since grown to have a large team and several locations. Wealth Enhancement Group also offers educational webinars for free.
Titletown Wealth Management
Titletown Wealth Management operates in Green Bay and CEFEX-certified, which requires annual audits. It has three wealth advisors on staff and prides itself on being a full-service asset management company offering estate planning, tax management, insurance products and investment and retirement strategies.