Michael Karam is a Financial Planner at Michigan Financial Companies, a financial services firm specializing in comprehensive retirement planning, investment advisory services, and the protection of lifestyles.
As a Financial Planner, Michael is uniquely qualified to address the diverse needs of each client as they financially prepare for their future. He provides recommendations for asset allocation, funding for education and retirement, as well as an analysis of financial needs.
He works closely with both individuals and families to help realize their financial goals and implement strategies to meet their unique needs.
Education
- Northwood University - 2021
- Bachelor of Business Administration - Finance
Professional Licenses
- FINRA Series 7
- FINRA Series 66
- Variable Annuities
- Life, Accident, and Health Insurance
Personal Data
Mike lives in Macomb, MI, with his Pomeranian Mix, Dexter. Before beginning work at Michigan Financial Companies, he played collegiate baseball for Northwood University and continues to support the local Detroit professional sports franchises. While not in the office, Mike enjoys spending time outdoors, playing golf, hiking and camping.
Value Statement
"I help individuals and families in every stage of life with investment advisory services, detailed retirement planning, and ultimately the protection of their lifestyles. Through my holistic financial planning approach, I consider the client’s unique situation and help them with decisions that align with their long-term financial goals. Understanding that no two financial plans are the same, I know firsthand the importance of a comprehensive process that puts my client’s needs first. While other advisors may be focused on transactions that address only the current need, I believe in a relationship-centered approach that is forward-looking and always a step ahead. My goal is to educate and instill confidence in my clients during their ever-changing financial journey."
Frequently Asked Questions
Osaic Wealth, Inc. is our Broker-Dealer, essentially a parent company to our firm Michigan Financial Companies. They handle our online systems, compliance, and other regulatory services.
No question is too big or small. Contact Mike and Connor directly over email or phone. We do our best to get back to our clients within 24-48 hours.
Depending on the type of account and where it is held, there are usually three options. Our primary recommendation is eMoney. This is where your financial plan is held and where you can view all your accounts in one location. The other options are eQuipt or the carrier’s direct website. Please refer to your Client Website Access Guide for assistance.
The type of account you have dictates where your money is being held. Money in accounts that are directly managed by Mike and Connor are held at NFS (National Financial Services). For non-NFS accounts, money is held directly at the carriers we work with.
Your financial plan is viewable on eMoney. Please reference your Client Website Access Guide for more information.
We understand a financial plan is a living, breathing document, and there will constantly be changes occurring. Contact us to schedule a meeting to discuss this change!
Referrals are the highest compliment we can receive! In the left pocket of this folder there is information documenting us and our financial planning process. If you think someone would benefit from having a conversation with us, please reach out to us directly and feel free to pass along their contact information.
We are comprehensive financial planners with expertise in many areas including investment portfolio management, life and long-term care insurance, education planning, estate planning, and tax analysis.
We are held to a fiduciary standard with all our clients. We are bound to act in your best interests above anyone else and provide impartial, honest recommendations.
We meet with our clients on a regular basis. The complexity of the case dictates how often we schedule our Review Meetings; we will have these meetings 2-4 times a year. Don’t forget that we are always available when questions come up in between our regularly scheduled Review Meetings!
Our favorite clients to work with are those ready to listen, learn, and implement strategies which can make an impact to their financial picture over time. We enjoy working with those who value relationships, as we believe it is the most vital component to a financial plan.
Mike’s favorite dog breed is an American bulldog. He hopes to have one someday. Connor’s favorite dog breed is the goldendoodle. He grew up with one as a kid. Let us know if you got this far on the FAQ sheet and what your favorite dog breed is!
As financial planners, we have a network of contacts we are happy to refer you to including CPA’s, Estate Planning Attorneys, Real Estate Agents and other professionals.
Your information is secure. Whether it is documents signed to open an account, your information on eMoney, or any correspondence through email, we use high-level encryption and take our clients’ privacy very seriously.
While Zoom is very convenient for us and for our clients, we do enjoy in-person meetings too. At the end of the day, we are flexible and happy to meet in either fashion.