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5 Advance Capital Financial Advisors in Michigan Named ‘Best-In-State’

April 10th, 2024 | 2 min. read

By Advance Capital Team

We are pleased to announce that four of our financial advisors in Michigan have been named “Best-In-State Wealth Advisors” for 2024 by Forbes magazine. They are Michael Hohf, Ryan Sheffer, Daniel McHugh and Jeff Lido.

Additionally, Terra Hohf has been named by Forbes to the 2024 Top Women Wealth Advisors Best-In-State list for Michigan.

“We feel this recognition is a testament to our team’s hard work, dedication and client-focused approach,” Terra said.

The “Best-In-State Wealth Advisors” list is a result of Forbes’ collaboration with SHOOK Research for its sixth annual ranking, featuring 8,507 wealth managers. Collectively, these advisors oversee more than $13.5 trillion in assets, highlighting their significant role in their clients' financial well-being. Meanwhile, the eighth annual ranking of Forbes/SHOOK Top Women Wealth Advisors Best-In-State features 1,991 women managing cumulative assets of over $2.8 trillion.

Michael said, “Being named among Michigan’s Best-in-State Wealth Advisors by Forbes is not just an honor; it’s a reflection of our commitment to earning trust by helping clients pursue their financial goals.”

You can view the entire list here.

The methodology behind the Forbes and SHOOK Research rankings is both quantitative and qualitative. It focuses on professional practices, industry experience, and comprehensive management services. Advisors are evaluated based on revenue trends, assets under management, compliance records, and other criteria, with a strong emphasis on their service model and client relationships.

Ryan said, “We’re grateful for the opportunity to serve our clients and are dedicated to helping them navigate the complexities of financial planning with confidence and clarity.”

Notably, all advisors considered for these honors have a minimum of seven years of experience. This thorough analysis seeks to identify advisors who exemplify best practices and demonstrate a commitment to serving their clients’ needs. It’s important to emphasize that there was no compensation given for inclusion in this list, underscoring the integrity and merit-based assessment of the Forbes/SHOOK research process.

Daniel said, “This recognition reflects the strong relationships we’ve worked hard to build with our clients, and we look forward to continuing to support our clients’ financial journeys with dedicated and personalized service.”

Jeff agreed, stating, “It's an acknowledgment of the positive impact we can have on our clients’ lives. We’re committed to pursuing high standards of excellence in all that we do."

Since 1986, Advance Capital Management has supported clients in their pursuit of financial goals through personalized financial planning, retirement planning and investment management. The firm has 16 financial advisors in Michigan, serving in five offices: metro Detroit, Grand Rapids, Ann Arbor, Saginaw and Traverse City. We also have locations in Chicago, Cleveland and Dallas, and serve clients from across the country.

The recognition of our financial advisors in Michigan by Forbes reaffirms our commitment to delivering exceptional service and support to all our clients. We are grateful for the continued support of our clients and are inspired by this recognition to further enhance our services.

For those interested in learning more about how our recognized advisors and the wider Advance Capital Management team can assist with financial planning and investment management, we encourage you to talk to an advisor.

Third-party rankings and recognitions are no guarantee of future investment outcomes and do not ensure that a client or prospective client will experience a higher level of performance or results. Forbes’s 2024 Best In State Wealth Advisors ranking awarded Apr. 3, 2024. Forbes’s 2024 Best In State Wealth Advisors ranking awarded Feb. 8, 2024. No compensation was given for this award.

Advance Capital Team

Advance Capital Management is a fee-only RIA serving clients across the country. The Advance Capital Team includes financial advisers, investment managers, client service professionals and more -- all dedicated to helping people pursue their financial goals.