Find a financial advisor in Lorain, OH

Find financial advisors in Lorain, OH

Find financial advisors in Lorain, OH

Share a few details and we'll show you the best financial advisors in your area.
Zip code

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Find financial advisors in Lorain, OH

Share a few details and we'll show you the best financial advisors in your area.
Zip code

Service type

Top 10 financial advisors in Lorain, OH

Clients agree: these Lorain financial advisors are highly rated for knowledge, experience, communication, and more.
Cleveland Tax Professionals

Cleveland Tax Professionals

5.0Exceptional(5)
Offers online services
7 hires on Thervo
29+ years in business
Serves Lorain, OH
Joyce G. says, "Very honest and very accurate And work in a timely manner I will definitely return to get my taxes done Thank you Cleveland Tax professionals" Read more
Integrity Accounting Service, Inc.

Integrity Accounting Service, Inc.

5.0Exceptional(5)
Offers online services
33+ years in business
Serves Lorain, OH
Henry P. says, "I love their Consistency, family friendly with a touch of courtesy and professionalism... I also like how everything is on file every so they just plugged in numbers and they do not charge to try every which way to get you the best for you for your return." Read more
Crisp Clean Financial Planning Services And Tax

Crisp Clean Financial Planning Services And Tax

5.0(1)
Offers online services
1 hire on Thervo
7+ years in business
Serves Lorain, OH
John F. says, "Thorough " Read more
JBM Tax, LLC

JBM Tax, LLC

New on Thervo
Offers online services
14+ years in business
Serves Lorain, OH
Our firm provides outstanding service to our clients because of our dedication to three underlying principles: professionalism, responsiveness, and quality. We believe our high standards, service, and specialized staff make a difference and are dedicated to ensuring every client receives personal attention. We also know how important it is to stay informed about new developments in tax law and other related topics. As such, we continually educate ourselves through professional organizations to improve our technical expertise and financial knowledge, as well as how to serve our clients better using state-of-the-art technologies.
Edward Jones

Edward Jones

5.0(1)
Offers online services
102+ years in business
Serves Lorain, OH
Ashley says, "John is very easy to work with and will be upfront and honest with you. I always feel comfortable working with him because of his wealth of knowledge and trustworthy nature. Highly recommend!!" Read more
United Taxes

United Taxes

5.0(1)
Offers online services
Serves Lorain, OH
Jason A. says, "Jerome is really professional and direct, i learned quite a bit. I would definitely refer Jerome to anyone . He saved me "Bigtime"" Read more
AMERICAN TAX SYSTEMS

AMERICAN TAX SYSTEMS

5.0(1)
Offers online services
30+ years in business
Serves Lorain, OH
MARIA R. says, "PERSONAL ATTENTION TO DETAILS AND FAVORABLE RESULTS. " Read more

Your Personal Financial Planning questions, answered

Answers to commonly asked questions from the experts on Thervo.

How much do financial planners charge?

Financial planners charge a flat fee or an hourly rate for their services. A fee-only financial planner charges a flat fee for services ranging from $1,000 to $10,000 to develop a comprehensive financial plan.

A financial planner's hourly rates range from $200 to $400 per hour, depending on the advisor's experience. The larger and more complex your portfolio, the more time the financial planner will spend helping you develop a financial plan.

In contrast, financial advisors commonly charge a percentage of the assets under management (AUM). The standard fee for financial advisors is .0.25% to 1% of AUM, so for investors with $100,000 in assets, the annual fees would be $1,000. Some financial advisors serve only wealthy clients and set a minimum size for investment accounts. However, the more money the advisors manage, the lower the percentage fee they will charge.

What is a financial planner?

A financial planner helps to create a long-term financial plan for your wealth. Financial planners may sell commission-based products like life insurance, but their primary focus is helping you manage your finances including creating a budget, saving for emergencies, building college funds for your children, retirement planning, and estate planning.

A financial advisor is different from a financial planner in that their main purpose is to offer guidance and advice on financial matters like investments. They help you make informed decisions to build wealth and achieve your financial goals.

Are financial planners worth the cost?

A financial planner is worth the cost, especially if you have debt to consolidate or need help reaching your financial goals. Working with a financial planner can help you grow your wealth, manage your assets, and plan for retirement. They provide the expertise to make sound financial decisions while saving you time on researching financial investments and savings accounts. Employing a financial planner gives you peace of mind that you are making responsible financial decisions and have a plan for the future.

If you are considering working with a financial planner, be sure to:

  • Ask about all of the fees associated with the services you are interested in.
  • Make sure the financial planner you choose is a fiduciary. These financial planners have a fiduciary duty or legal obligation to act in your best interest, rather than looking for investments that pay the highest commissions.
  • Only agree to financial investments or products when you understand the risk and potential benefits.

How much money should I have before hiring a financial planner?

There is no minimum amount of money you should have before hiring a financial planner. Some financial planners have minimum account balance requirements, which can range from $50,000 to $1 million or more. If you have less than the minimum account balance, you may still be able to find a financial planner willing to work with you if you pay a higher fee.

Online financial planners are often more affordable than traditional financial planners and may not have minimum account balance requirements. Online planners can be accessed from anywhere with an internet connection, giving you the flexibility to work with an advisor on your schedule. These companies also have access to a wider range of expertise, employing a network of advisors with different specialties able to create a personalized financial plan tailored to your specific needs and goals.

How do I choose a financial planner?

Choosing a financial planner is a major life decision that can help you achieve your financial and retirement goals. Do not settle for a planner based on their price or location. Instead, do your research and find a planner that specializes in the services you need. If debt consolidation is an issue, find a planner that can help you reduce your debt while still building your savings. If you want to retire early, find a planner that can help you invest in products to help you reach your goals sooner.

Here are some tips to help you find the best financial planner for you:

  • Do your research by reading reviews, comparing fees, and learning about the different planning services available.
  • Interview several advisors in person to be sure you are comfortable with their personality and philosophy.
  • Make sure the planner is a fiduciary that will act in your best interests.
  • Ask about their fee structure and make sure the "all-in" costs fit your budget.
  • Get everything in writing including the services they provide, how they will be compensated, and any extra fees you should expect.
  • Be prepared to ask questions about their approach to financial planning and how they will handle your specific situation.

What questions should I ask a financial planner?

Before committing to a financial planner, make sure you are hiring the best person for you and your financial situation. Schedule interviews with several potential advisors and ask these important questions:

  • Are you a fiduciary?
  • What is your fee structure?
  • What additional fees should I expect?
  • What are your qualifications?
  • How often will we meet?
  • Will you be available for phone calls or emails outside of scheduled appointments?
  • What is your investment philosophy?
  • Will you help me invest in ethically responsible companies?

Reviews for Lorain financial advisors

Recent success stories from people in the Lorain area.
Dallas R.
Very simple to get started and they are quick and efficient in getting things moving. Would recommend to anyone to help save time and headache.
Cleveland Tax Professionals
Jessica C.
Great customer service, fair pricing, and knowledgeable team of tax preparers with an extensive background. Integrity helped with both my personal and business taxes. Quick to respond, handled my taxes both in person and electronically. I strongly recommend Mr. Hill and his team and will continue to use their services in the future.
Integrity Accounting Service, Inc.
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