Barron’s Recognizes Charles Zhang As The First Independent Financial Advisor In The United States | State


PORTAGE, Mich., September 29, 2021 / PRNewswire / – Charles Zhang CFP ®, a financial advisor based in Portage, Michigan and founder and CEO of Zhang Financial, has been recognized as the ranked at the top independent advisor in the nation on Barron’s list of top independent financial advisers 2021 *. According to Barron, the annual list highlights the country’s top performing financial planners and advisers, assessed against quantitative and qualitative criteria, including assets under management, revenue trends and overall client satisfaction.

Zhang is a financial advisor registered with NAPFA and paid only on a fee basis. NAPFA Registered Financial Advisors are financial planners who adhere to the most demanding practice requirements in the industry, including fee-only compensation, and who meet NAPFA’s rigorous accreditation standards. Through membership in the NAPFA Registered Financial Advisor program, Charles Zhang and Zhang Financial endorsed a powerful message from the financial planning industry regarding the high level of responsibility and care that should be exercised on behalf of every client.

A financial planner who has a financial interest in the course of action he recommends to a client faces an inherent conflict of interest and should not be viewed as objective or impartial. Unfortunately, the vast majority of financial advisers in United States are now also sellers of financial products. Some or all of their income may depend on their ability to induce their clients to invest in a specific sub-sector of the thousands of financial products available today. NAPFA and Zhang Financial believe that many of the difficulties and problems that Americans face in dealing with their financial affairs are directly related to the conflicts of interest that permeate the financial planning arena.

“Fee only” is a term meaning that a particular financial advisor does not receive any additional commissions or income from the providers of financial products. This eliminates any potential bias when allocating assets and ensures that the advisor can focus only on serving the interests of clients. In contrast, paid advisers receive fees from clients as well as commissions on the sale of financial products or on participation in revenue-sharing agreements with product suppliers. A fee structure therefore introduces unwanted monetary influence into the way advisers manage clients’ portfolios.

Zhang Financial, with more than $ 4.5 billion in assets under management, sets a new standard for professionalism and customer service in the wealth management landscape. Founded three decades ago, Zhang Financial has grown into a leading industry leader while maintaining its customer focus. As a symbol of their commitment to community support, Charles Zhang and COO Lynn zhang have personally donated to 10 million dollars to charitable causes in the Portage, Kalamazoo, and more Grand Rapids region, as well as overall Michigan. Zhang Financial’s comprehensive and paid solutions are based on an academic and evidence-based investment philosophy aimed at providing each client with the highest likelihood of success.

* As reported by Barron’s on September 17, 2021. Please watch for full ranking criteria and disclosure.

Elizabeth edgerton


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