Fee Research

What Do Financial Advisors Cost in Michigan?

2026 data · 458 firms · 1,636 advisors · SEC Form ADV filings
01

Market Overview

Total Advisors
1,636
In Michigan
Total Firms
458
Registered firms
Comp. Types Reported
57
Distinct compensation types
02

Compensation Type Breakdown

How firms in Michigan charge for their services, based on Form ADV disclosures.

Percentage of AUM388 firms · 40%
Subscription fees259 firms · 27%
Hourly charges191 firms · 20%
Performance-based fees52 firms · 5%
Commissions16 firms · 2%
Other: REFERRAL FEES3 firms · 0%
Other: SOLICITOR FEES3 firms · 0%
Other: FEES FROM PORTFOLIO COMPANIES OF POOLED INVESTMENT VEHICLES2 firms · 0%
Other: WE MAY RECEIVE CERTAIN OTHER FEES FROM OR RELATED TO A PORTFOLIO2 firms · 0%
Other: CONSULTING FEES2 firms · 0%
Other: SEE SCHEDULE D - MISCELLANEOUS2 firms · 0%
Fixed fees2 firms · 0%
Other: PENSION CONSULTING SERVICES/ERISA PLAN SERVICES1 firms · 0%
Other: PERCENTAGE BASED ON ASSETS OF ADVISERS UTILIZING THE PLATFORM1 firms · 0%
Other: PERCENTAGE OF NET WORTH1 firms · 0%
Other: PORTION OF FEES CHARGED BY THIRD-PARTY INVESTMENT ADVISER FIRMS1 firms · 0%
Other: PROMOTER FEES FROM OTHER ADVISORS1 firms · 0%
Other: RECEIVE A MANAGEMENT FEE FROM THE UNDERLYING PORTFOLIO COMPANIES1 firms · 0%
Other: REFERRAL-BASED FEES AND AFFILIATE MARKETING FEES1 firms · 0%
Other: REFERRAL COMP., AFFILIATE FEES (MARKETING)1 firms · 0%
Other: REFERRAL COMPENSATION1 firms · 0%
Other: REFERRAL FEE1 firms · 0%
Other: REFERRAL FEE FOR REFERRAL OF THIRD-PARTY INVESTMENT ADVISORS.1 firms · 0%
Other: REFERRAL FEES AND SUBSPTN FEE FOR CO. SPONSORED PLANS1 firms · 0%
Other: REFERRAL FEES FOR SOLICITATION SERVICES ONLY1 firms · 0%
Other: REFERRAL FEES FROM THIRD-PARTY MANAGERS1 firms · 0%
Other: REFERRAL FEES, LICENSING FEES1 firms · 0%
Other: REFERRAL FEES/ PERCENTAGE OF ASSETS UNDER ADVISEMENT1 firms · 0%
Other: REVENUE SHARING WITH FRS (OUR AFFILIATE), UPTIQ AND FLOURISH1 firms · 0%
Other: SELECTION OF OTHER ADVISOR FEES1 firms · 0%
Other: SEMINAR ATTENDANCE FEES1 firms · 0%
Other: SERVICING FEES FROM CUSTODIANS1 firms · 0%
Other: SHARE IN THIRD PARTY ADVISORY FEES1 firms · 0%
Other: SOLICITOR FEES FOR ASSETS MANAGED BY OTHER INVESTMENT ADVISORS1 firms · 0%
Other: SOLICITOR FEES FOR CLIENT REFERRALS1 firms · 0%
Other: SOLICITOR FOR 3RD PARTY MONEY MANAGERS1 firms · 0%
Other: SOLICITORS FEES1 firms · 0%
Other: SUBADVISER FEES1 firms · 0%
Other: SUBSCRIPTION FEE FOR PLANNING1 firms · 0%
Other: SUBSCRIPTION FEE LONG TERM PLANNING1 firms · 0%
Other: TEACHING CLASS & SEMINAR FEES1 firms · 0%
Other: THE INVESTMENT ADVISORY FIRM DOES NOT CHARGE ADVISORY FEES1 firms · 0%
Other: THIRD PARTY ADVISORY FEES1 firms · 0%
Other: THIRD PARTY FEES1 firms · 0%
Other: VARYING FEES FOR SEMINARS AND EDUCATIONAL CLASSES1 firms · 0%
Other: THIRD PARTY ADVISER/MANAGER FEES1 firms · 0%
Other: ACTUAL EXPENSES ONLY (PENSION CLIENTS)1 firms · 0%
Other: ANNUAL MANAGEMENT FEES BASED ON AUM (TO CLARIFY E(1)1 firms · 0%
Other: A SERVICE FEE EQUAL TO UP TO 3% OF THE EBITDA OF THE PORTFOLIO C1 firms · 0%
Other: CHARGE AN ASSET BASED FEE ON RETIREMENT PLANS UNDER ADVISEMENT1 firms · 0%
Other: COADVISOR FEES1 firms · 0%
Other: COMBINATION OF ASSETS UNDER MANAGEMENT, NET WORTH, AND BASE FEE.1 firms · 0%
Other: FIXED QUARTERLY RETAINER1 firms · 0%
Other: INSURANCE COMMISSIONS1 firms · 0%
Other: INSURANCE COMPENSATION1 firms · 0%
Other: MONITORING FEES1 firms · 0%
Other: % OF ASSETS MONITORED1 firms · 0%
03

Michigan vs. National

Michigan Advisors
1,636
458 firms
National Total
113,827
27,306 firms
View full national fee analysis →

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