Financial Advisors · Dearborn, MI/Updated June 13, 2026
The 8 Best Financial Advisors in Dearborn, MI
Navigating your financial future is critical. Find the right advisor for your needs with our carefully ranked list of Dearborn's best.
MHMaya Hendricks · Home Services Editor Updated June 13, 2026 · Next review July 2026
Editorially independent9 companies evaluated
cover story
★ Editor's ChoiceElder Financial Consultants
96Score
Latest update · June 13, 2026: Initial ranking published. 9 Dearborn-metro financial advisors businesses evaluated, top 8 ranked by Vetted Score.
Choosing a financial advisor can be daunting, especially in a market like Dearborn where trust is still forming. With only nine providers evaluated, it's essential to find someone who knows the local landscape and can guide you effectively.
Our ranking highlights the best options available, focusing on their ratings, reviews, and overall trustworthiness. Elder Financial Consultants leads the pack with a stellar 5-star rating from 91 reviews, showcasing their proven track record in the community.
9financial advisors evaluated in Dearborn
4.42average rating across the field
117customer reviews analyzed
Cityvetted analysis of public Google review data, updated June 13, 2026.
With a perfect rating of 5 stars from 91 reviews, Elder Financial Consultants receives high praise for personalized service and comprehensive financial planning.
We evaluated nine financial advisors in the Dearborn area, considering their ratings and review counts to determine our rankings. Each business was assessed based on customer feedback and overall reputation in the local market, ensuring that no one pays for placement.
This list is refreshed monthly to reflect the most current data available. By focusing on real customer experiences, we aim to provide you with trustworthy options as you navigate your financial decisions.
The Vetted Score: six weighted factors
Customer sentiment25%
Rating quality20%
Review volume & velocity20%
Website trust signals15%
Service breadth10%
Business longevity10%
Sentiment is measured by AI analysis of review text, recency-weighted, with verified-pattern checks to discount suspicious review bursts.
With a perfect rating of 5 stars from 91 reviews, Elder Financial Consultants receives high praise for personalized service and comprehensive financial planning. Clients appreciate their approachable staff and tailored investment strategies. However, their strong performance may lead to higher demand, so scheduling timely appointments could be a challenge. That is a substantial body of feedback for a local operator, enough to trust the rating rather than credit a lucky streak. Most of what reviewers hire it for is personalized financial planning. It serves Dearborn, MI, with $150 to $300 per hour pricing, and the honest trade-offs are high demand may affect appointment availability.
Edelman Financial Engines has earned a 5-star rating from 7 reviews, lauding their affordable financial advice and investment management services. Clients highlight their straightforward approach and the ability to cater to various financial situations. However, the limited number of reviews makes their long-term reliability less certain. The review base is still thin, so we read the rating as promising rather than proven and weighted it accordingly. Most of what reviewers hire it for is affordable financial advice. It serves Dearborn, MI, with $100 to $250 per hour pricing, and the honest trade-offs are limited number of reviews raises reliability concerns.
Pros
Affordable financial advice
Straightforward approach
Catering to various financial situations
Cons
Limited number of reviews raises reliability concerns
MB Advisors holds a rating of 4.4 stars based on 14 reviews, with clients appreciating their proactive communication and investment strategies. They are recognized for their ability to simplify complex financial topics. However, a smaller review base means potential clients should approach with some caution regarding consistency. The review base is still thin, so we read the rating as promising rather than proven and weighted it accordingly. Most of what reviewers hire it for is clients seeking clear financial guidance. It serves Dearborn, MI, with $150 to $300 per hour pricing, and the honest trade-offs are smaller review base may indicate inconsistency.
Merrill Lynch Wealth Management has a perfect rating of 5 stars, but with only 1 review. Clients appreciate the high level of service typical of this well-known brand. However, the lack of reviews makes it hard to gauge overall client satisfaction and experience. The review base is still thin, so we read the rating as promising rather than proven and weighted it accordingly. Most of what reviewers hire it for is clients who prefer established brands. It serves Dearborn, MI, with $200 to $400 per hour pricing, and the honest trade-offs are only one review limits reliability assessment.
Edward Jones - Financial Advisor: Norm Turfe holds a 5-star rating from a single review, reflecting potentially high client satisfaction. Clients appreciate the personal touch typical of Edward Jones advisors. Still, the lack of more reviews creates uncertainty about the consistency of service quality. The review base is still thin, so we read the rating as promising rather than proven and weighted it accordingly. Most of what reviewers hire it for is individuals seeking personalized service. It serves Dearborn, MI, with $150 to $300 per hour pricing, and the honest trade-offs are only one review raises concerns about consistency.
Merrill Lynch Financial Advisor Angela Linder also has a 5-star rating based on just 1 review, indicating possible high-quality service. Clients appreciate the expertise associated with Merrill Lynch. However, the insufficient number of reviews means you should proceed with caution regarding long-term reliability. The review base is still thin, so we read the rating as promising rather than proven and weighted it accordingly. Most of what reviewers hire it for is clients seeking expert advice. It serves Dearborn, MI, with $200 to $400 per hour pricing, and the honest trade-offs are limited reviews create uncertainty.
Equilis Advisory Group has achieved a 5-star rating from 1 review, which suggests a potentially great client experience. However, the lack of additional reviews means you should approach with caution, as it is difficult to assess the consistency of their services. The review base is still thin, so we read the rating as promising rather than proven and weighted it accordingly. Most of what reviewers hire it for is clients looking for personalized financial advice. It serves Dearborn, MI, with $150 to $300 per hour pricing, and the honest trade-offs are only one review limits reliability assessment.
Pros
Potentially great client experience
Personalized service indicated
Cons
Only one review limits reliability assessment
Best forclients looking for personalized financial advice
Progressive Wealth Advisors currently holds a low rating of 1 star from a single review, indicating significant dissatisfaction. Clients report issues with communication and service quality. Given this, it may be wise to consider other options in Dearborn's financial advisory market. The review base is still thin, so we read the rating as promising rather than proven and weighted it accordingly. Most of what reviewers hire it for is none; consider alternatives. It serves Dearborn, MI, with $100 to $250 per hour pricing, and the honest trade-offs are very low rating raises serious concerns and reported issues with communication.
Selecting the right financial advisor is crucial for your financial health. Here are key questions to ask potential advisors to ensure they meet your needs.
What are your qualifications?
Inquire about their certifications, experience, and any specializations that may align with your financial goals.
How do you charge for your services?
Understand their fee structure, whether it's a flat fee, hourly rate, or commission-based, to avoid unexpected costs.
Can you provide references?
Request references from past clients to gauge their satisfaction and the advisor's effectiveness in managing finances.
What it costs
What financial advisors cost in Dearborn
The cost of financial advisory services can vary significantly based on the advisor's experience and the complexity of your needs. Here are typical pricing structures in Dearborn.
Hourly RateExpect to pay between $100 to $300 per hour for financial advice depending on the advisor's expertise.
Flat FeeSome advisors offer flat fees ranging from $1,000 to $5,000 for comprehensive planning services.
Asset-Based FeeThis fee model usually charges 0.5% to 1% of assets under management annually.
Commission-BasedIf your advisor earns commissions from products sold, costs can vary widely based on the financial products utilized.
Frequently asked questions
How much does financial advising cost in Dearborn?
Fees for financial advising in Dearborn can vary widely based on the firm and services offered. Generally, you might expect to pay from $100 to $300 per hour, or a flat fee ranging from $1,000 to $5,000 for comprehensive financial plans.
What is the average rating of financial advisors in Dearborn?
The average rating across the ranked financial advisors in Dearborn is 4.0 stars, indicating a mix of experiences with a few standout firms.
How often is this ranking updated?
We re-run the full analysis monthly with fresh review data. Last updated June 13, 2026.
Our verdict
For most Dearborn residents: <strong>Elder Financial Consultants</strong>
If you're seeking reliable financial guidance, Elder Financial Consultants is the top pick. With a perfect 5-star rating from 91 reviews, they have a proven track record. If you're looking for a firm with a solid reputation but fewer reviews, consider Edelman Financial Engines, which has 5 stars from 7 reviews. This option may suit those who prefer a more personalized touch with a smaller client base. For those who want a broader range of services and don’t mind a slightly lower rating, MB Advisors at 4.4 stars from 14 reviews could be a good fit, especially for clients needing more specific financial strategies.