Business Details
42 Years
experience
Your Trusted Financial Partner Since 1984
Since 1984, we have been dedicated to providing accessible, world-class financial advice to hardworking individuals and families. Our firm was founded on the principle that everyone deserves personalized financial guidance, not just the ultra-wealthy. We operate as a family-owned business with a commitment to fiduciary excellence, ensuring our clients' best interests always come first. Our team of experienced professionals offers comprehensive services including investment management, retirement planning, estate planning, and legal services through our affiliated law firm Bloom, Bloom & Associates. We maintain transparent fee structures with no commissions, utilizing only no-load funds to build customized portfolios tailored to each client's unique needs.With over 39 years of experience and a client retention rate exceeding 97%, we pride ourselves on simplifying complex financial matters through clear communication and lifelong learning. Our tax-efficient strategies and personalized approach reflect our founders' expertise as tax professionals, while our all-access model ensures every client receives the full attention of our 21-member team. We measure success by our clients' financial well-being and the trust they place in us to navigate life's expected and unexpected milestones.
Services
Investment Management
Financial Planning
Retirement Planning
Estate Planning
Legal Services
Milestone Advising
Details
- Year established: 1984
Highlights and features
- We operate as pioneering fiduciaries with no commissions since 1984
- Our client retention rate exceeds 97% through personalized service
- We offer tax-efficient investment strategies developed by tax professionals
- All clients receive full access to our 21-member expert team
- Transparent fee structures with no hidden costs or surprises
What people say
Personalized service
Transparent fees
Expert team
Long-term commitment
Trustworthy advisors
Services
Investment Management
We create customized investment portfolios tailored to individual goals, risk tolerance, and tax situations. Our approach emphasizes tax efficiency and utilizes no-load funds to avoid commission surcharges. With over 39 years of experience, we continuously monitor and adjust portfolios to meet changing market conditions while maintaining our fiduciary commitment to client interests.
Financial Planning
Our comprehensive financial planning addresses all aspects of wealth management, from saving for education to retirement strategies. We help clients navigate complex financial decisions with clear communication and personalized solutions. Our team works closely with clients to develop plans that align with their life goals and evolving circumstances.
Retirement Planning
We develop customized retirement plans considering lifestyle goals, income needs, and tax implications. Our services include pension analysis, Social Security optimization, and Medicare guidance. With expertise in tax-efficient withdrawal strategies, we help clients achieve their desired retirement lifestyle while maintaining financial security.
Estate Planning
Through our affiliated law firm Bloom, Bloom & Associates, we provide comprehensive estate planning services. This includes creating wills, trusts, and advanced directives to protect assets and ensure client wishes are honored. Our integrated approach coordinates legal documents with overall financial strategies for comprehensive wealth transfer planning.
Milestone Advising
We guide clients through major life events including divorce, inheritance, and family transitions. Our team provides specialized support for career changes, parenthood, and elder care responsibilities. This service combines financial expertise with compassionate guidance to help clients navigate challenging life transitions with confidence.
People
Rick Bloom
Founder
Co-founder with over 39 years of experience in financial advisory services. Pioneer of fiduciary standards in the industry and host of the Rick Bloom Talks Money podcast. Continues to shape the firm's strategic direction while maintaining client relationships.
Ken Bloom
Co-Founder
Co-founder instrumental in developing the firm's investment strategies and client service model. With extensive experience in portfolio management and tax-efficient investing, he remains actively involved in client advisory services and team mentorship.
Jennifer Bloom
Financial Advisor
Third-generation advisor specializing in client education and financial literacy. Co-host of the Kids & Money radio show and key contributor to the firm's community financial education initiatives. Focuses on helping clients understand complex financial concepts.
Stephanie Bloom
Financial Advisor
Experienced advisor with expertise in retirement planning and estate strategies. Co-host of the Kids & Money radio show and active participant in the firm's educational seminars. Specializes in helping clients navigate life transitions with comprehensive financial solutions.
Questions
What makes Bloom Advisors different from other financial firms?
We operate under a fiduciary standard with no commissions, offering transparent fees and personalized service since 1984. Our family-owned structure ensures long-term commitment to client relationships.
Do you work with clients outside of Michigan?
While based in Farmington Hills, we serve clients nationwide through virtual meetings and our comprehensive client portal, maintaining the same personalized service regardless of location.
How are your investment strategies personalized?
We create customized portfolios considering each client's goals, risk tolerance, tax situation, and life stage, with continuous adjustments to reflect changing market conditions and personal circumstances.
What estate planning services do you offer?
Through our affiliated law firm Bloom, Bloom & Associates, we provide wills, trusts, advanced directives, and comprehensive estate planning coordinated with your overall financial strategy.
How do you handle tax considerations in financial planning?
Our founders' tax expertise informs all investment decisions, focusing on tax-efficient strategies including no-load funds and customized withdrawal plans to minimize tax liabilities.
What life milestones do you help clients with?
We assist with divorce transitions, inheritance management, retirement planning, education savings, and elder care responsibilities, providing specialized guidance for each life stage.
Reviews (5)
Molly G.
Dec 22, 2021
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Just about two years ago, I met with Ken Bloom to discuss my financial future. Ken sat down with me for over two hours, helping me understand the in's and out's of financial planning and investing. Over the last two years, Ken, Stephanie, and the team at Bloom Asset Management have helped moved me toward my financial goals. Throughout this time, they have been incredibly knowledgeable and dependable, and I have benefited tremendously from their support and services. I would not trust anyone else with my finances. Thank you, Bloom Asset Management.
Daniel B.
Feb 21, 2019
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Ken and his team provided very professional and friendly services. His financial advice and legal expertise helped me craft a tailored investment portfolio. I would highly recommend Bloom Asset Management to anyone that wants to take control of their financial future.
Tommy P.
Feb 21, 2019
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Ken took the time to not only give me great advice but get to know me as a person. His advice has worked out great and most importantly given me peace of mind!
Ann N.
Dec 06, 2016
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Rude over the phone, they act like taking on a new client is an inconvenience. You are REALLY bothering them. Even their admins are rude to you. If this is how they treat their customers I don't think I am interested. Good luck.
Sam H.
Apr 29, 2016
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Unprofessional, snobby, and stuck up, the Bloom brothers will have you running in minutes. With a "better than you" approach and an unnecessarily condescending attitude, I felt insulted and undervalued. In short, I'm taking my business elsewhere.