We’re thrilled to share that three of our financial advisers at Advance Capital Management – Daniel McHugh, Michael Hohf and Terra Hohf – have earned a spot on the Forbes 2024 Best-In-State Next-Gen Wealth Advisors list.
This list highlights 1,621 advisers across the country, all born in 1985 or later, who collectively manage nearly $2.8 trillion in assets.
“We’re truly honored to be recognized among the top young wealth advisers of America,” says Daniel McHugh, a financial adviser and CERTIFIED FINANCIAL PLANNER™ professional.
With the average age of financial advisers continuing to rise – currently around 56 – the industry’s need for younger talent has never been more critical. Unlike sectors such as technology, where nearly half of professionals are under 40, only a small fraction of financial advisers fall into this age group. This recognition underscores the importance of the next generation of financial experts in shaping the future of financial advice.
Michael Hohf, also a financial adviser and CERTIFIED FINANCIAL PLANNER™ professional, shares, “We’re incredibly grateful for the trust our clients place in us to help them work on living their ideal financial lives.”
The Forbes Next-Gen Wealth Advisors rankings, created by SHOOK Research, are determined through a combination of qualitative factors – including telephone, virtual and in-person due diligence interviews –and quantitative data. To be considered, advisers must have a minimum of four years’ experience. The evaluation algorithm considers revenue trends, assets under management, compliance records, industry experience and a commitment to best practices. Forbes and SHOOK do not accept any fees in exchange for rankings.
“Being recognized as a top adviser is a testament to the unwavering support from our clients and our firm,” adds Terra Hohf, who, like her colleagues, is a financial adviser and CERTIFIED FINANCIAL PLANNER™ professional.
Since 1986, Advance Capital Management has been dedicated to helping clients pursue their financial goals through tailored financial planning, retirement planning, professional 401(k) management and investment management services. With financial advisers across five Michigan offices – in metro Detroit, Grand Rapids, Ann Arbor, Saginaw and Traverse City – as well as locations in Chicago, Cleveland and Dallas, we proudly serve clients nationwide.
This recognition by Forbes reinforces our commitment as a fiduciary to always place the best interests of our clients first. We’re deeply grateful for our clients’ continued trust and are inspired by this honor to further elevate our services.
If you’re interested in learning more about how our advisers and the broader Advance Capital Management team can assist with your financial planning and investment needs, we invite you to connect with one of our advisers.
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 Best in State Wealth Advisor list awarded 8/6/24 based on time period 7/31/23-7/31/24. No compensation was given for this award.
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.
Source: Advance Capital Forbes ‘Best-In-State Top Next-Gen Wealth Advisors’
