Media and Press

Financial Advisor July/August 2022

FInancial Advisor Magazines Top RIAs for 2022

 

Financial Advisor Magazine has ranked Zhang Financial one of the nation’s Top RIAs for 2022. Additionally, Zhang Financial is listed as the highest ranked fee-only RIA in the state of Michigan. This will mark Zhang Financial’s fourth time being ranked on FA Magazine's Top RIA list. The RIA ranking is based on AUM as of 12/31/2021.

MLive June 6, 2022

Take a look inside the new Portage Senior Center

 

Portage’s new community center for seniors is set to provide area residents with more amenities. The new facility at a different location is more than three times the size of the previous center, providing 32,000 square feet of space for a range of activities. MLive/Kalamazoo Gazette got an up-close look at the newly constructed Charles & Lynn Zhang Portage Community Senior Center last month.

 

Watch the video to see an inside tour of the new facility.

Fox 17, May 20, 2022

City of Portage hosts ribbon cutting for new 32,000 square foot senior center
The Charles & Lynn Zhang Portage Community Senior Center.

 

The city hosted a ribbon cutting to commemorate its new senior center.  The 32,000 square foot facility is five times larger than the previous senior center, and those involved said it was much needed due to the elderly population outgrowing their old space... Lynn Chen-Zhang was one of the speakers at the event.  She said "We hope this place is going to be for you to enjoy your freedom, and you are going to come here to catch up with your old friends and make some new friends, and you’re going to come to share your life stories and create some new chapters of freedom with splendid adjectives." 

 

Forbes April 7, 2022

Forbes Best-In-State Wealth Advisors List

 
Forbes recently released their 2022 Best-In-State Wealth Advisor list, and Charles Zhang has once again been ranked the #1 advisor in the state of Michigan. Charles has come out on the top of the list every year since the ranking's inception. Read the full list below:
 

Barron's March, 12, 2022

Barron's 2022 Top Advisor Rankings by State

 

Ten years in a row! Charles Zhang has been ranked the #1 Financial Advisor in the state of Michigan by Barron's for 10 consecutive years - a decade of excellence within the financial services industry.
 

NAPFA Advisor Magazine

NAPFA Advisor Magazine

Charles Zhang was featured in the latest edition of the NAPFA Advisor magazine. NAPFA is the leading association of Fee-Only financial advisors in the nation. In the article Charles states:

"I always wanted to be a NAPFA advisor. I look at different associations, and NAPFA has the highest standards," says Zhang, who today is the top-ranked independent financial planner in the country based on both the Forbes and Barron’s rankings.
 
"I believe in giving people more and taking less," he explains. "I want to make sure my advice and products are competitive, and being fee-only is very competitive."
To read more:
 

Barron's October 22, 2021

Barron's - The Big Q

Charles and Lynn were interviewed for a Barron's article written by Lawrence Carrel entitled "Is that too personal? When Advisors' Guidance Goes Beyond the Financial".
 
The piece can be found in this week's edition of The Big Q in which advisors are asked to weigh in on important questions. Charles and Lynn were asked to respond to this week's question: Do you offer personal advice, and, if so, what are the appropriate boundaries?
 

Barron's September 17, 2021

Barron's 2021 Top 100 Independent Advisors

 

Charles Zhang has been ranked the #1 Financial Advisor in the nation on Barron's list of the Top 100 Independent Advisors for 2021.  

 

First & 42 September 15, 2021

Ascension Borgess Cancer Center Set to Open at WMU BTR Park 2

 

Kicking off the celebratory presentations by local community leaders was Lynn Chen-Zhang, chief operating officer and chief compliance officer of Zhang Financial who also serves as chair of the WMU Board of Trustees and president of the WMU Foundation. “A ceremony like today, reminds us of why we choose Kalamazoo to be our home. It takes committed organizations and individuals working together to ensure the continuing success of the community. The expansion of the BTR Park as well as the establishment of this beautiful facility is essential to ensure the health and well-being of the residents of the community,” said Chen-Zhang.

 

Barron's September 4, 2021

Barron's, The Big Q - Covid-19 Is Still Raging. How Advisors Are Keeping Their Workplaces Safe.

 

Charles Zhang was interviewed for an article written by Steve Garmhausen for Barron's weekly feature, the Big Q, in which wealth management professionals are asked for their best answers to challenging questions. This week's discussion was on the topic of how advisors are keeping their workplaces safe.

 

In response, Charles stated, "We do require vaccination, but we haven’t put out a policy; we’ve talked with staff individually. So we’re all vaxxed. Employees wear masks in the common areas. If you have any flu-like or cold-like symptoms, one, you stay at home, and two, you get a Covid test before you can come back. " To read more, click the link below:

 

Forbes August 24, 2021

Forbes' List of America's Top Wealth Advisors for 2021

 

Charles Zhang has been ranked #6 in the nation on Forbes' list of American's Top Wealth Advisors for 2021!  Charles has been ranked in the top 10 for the past 5 years and is the highest ranked fee-only advisor on the list!
 

Second Wave August 10, 2021

Women leaders of Asian background connect others with their heritage in Kalamazoo

 

Lynn Chen-Zhang was featured in an article written by Caroline Bissonnette for Second Wave Southwest Michigan. Here is an excerpt from the article:

 

"Lynn Chen-Zhang is smart, quick, and responds promptly to questions with a businesslike efficiency. She doesn’t have a lot of time to spare in her busy schedule as the COO of Portage’s successful Zhang Financial, but it is clear from speaking with her that when it comes to giving back to her alma mater, Western Michigan University, and the Kalamazoo community in general, she can always find the time. Along with her CEO husband Charles Zhang, the couple prioritize giving back to WMU through both extensive volunteer work and financial contribution. “I always just view myself as any other member of the community,” says Chen-Zhang, and it’s “my firm belief that no matter where you are, you have to be a contributing member of the community,” she says."

News Channel 3 July 13, 2021

Child tax credit eligibility: Who gets IRS payments this week?

 

Starting July 15, 2021, $3,000 to $3,600 per child will be available to eligible families under the #AmericanRescuePlan, which President Biden signed in March. Lynn Chen-Zhang shares her insight on the child tax credit in this video from News Channel 3: 

FOX17 June 8, 2021

Western Michigan University lands largest private donation to a public university ever

 

As President of the WMU Foundation Board of Directors and the Chair of Western Michigan University's Board of Trustees, Lynn spoke during a press conference held to announce that WMU had received the largest private donation to a public university ever.
 
Lynn said, "It is my great honor to accept this incredibly generous gift empowering futures....The empowering futures gift will make the university more affordable to students from underrepresented groups....Because of this extraordinary philanthropy, we will have so many fellow, countless fellow Broncos who will go on to their journey to fulfill their career aspirations,” she said.

MLive June 3, 2021

$12.5M community senior center takes shape in Portage

 

Lynn was quoted in an article posted on MLive regarding the Charles and Lynn Zhang Portage Community Senior Center's Toping off Ceremony:
 
“Its a very emotional day for me,” said Lynn Zhang during the ceremony Thursday, June 3, overlooking the construction site at 203 E. Centre Ave. in Portage. She said we sometimes take for granted simple things like hugging each other. But now, since living through a pandemic, we see it is a privilege....“We are stronger when we are connected,...We are healthier when we are connected. Our lives are better when we’re connected.”
 
"The center will feature a multipurpose room with capacity to seat 330 people, a courtyard with an outdoor fireplace, an outdoor terrace for warm-weather activities, recreational space for activities such as pickleball and basketball, fitness space, a center promenade for walking, a commercial kitchen, a coffee shop, dedicated space for games and reading and a health clinic."
 

News Channel 3, May 5, 2021

Experts: It could take a decade before Kalamazoo catches up to affordable housing demand

 

Charles was quoted in an article written by Callie Rainey for WWMT New Channel 3 regarding affordable housing. Here is an excerpt:  "According to Charles Zhang of Zhang Financial, households should spend no more than 30% of gross monthly income on housing. A single person who is living at the federal poverty level in Michigan according to the ALICE data, made $12,490 per year, meaning they should spend $312 or less a month on housing. With that price point, according to Apartments.com, there were zero affordable apartment options that were available for rent. Federal poverty level for a household of four was $25,750, which left $639 a month for housing."

 

Barron's, March 12, 2021

Barron's Top 1200 by State

 

For the 9th year in a row, Charles Zhang has been ranked the #1 advisor in Michigan by Barron's!  As part of this year's rankings, Charles was also featured in an article entitled "How the Pandemic Increased Advisor Competition".
 
 

Grand Rapids Business Journal, March 4, 2021

Forbes Names Charles Zhang as Michigan’s Top Wealth Adviser

 

As reported by Rachel Watson with the GRBJ, a Portage-based financial planner ranks No. 1 on Forbes’ annual list of Best-In-State Wealth Advisors.

Forbes on Feb. 11 published its Best-In-State Wealth Advisor list for 2021 and named Charles Zhang, founder and CEO of Zhang Financial, Michigan’s No. 1 wealth adviser. Zhang has been Michigan’s top adviser on the list since its inception four years ago.

NerdWallet, February 26, 2021

Wealth Advisors:  Where the Affluent Go for Advice

 

Charles Zhang was quoted in an article written by Alana Benson for NerdWallet entitled "Wealth Advisors: Where the Affluent Go for Advice". Below is an excerpt from the article in which Charles responds to the question, what to look for when interviewing wealth advisors:

"If you have a hefty amount of money and you’d like to hire a wealth advisor, there are some important things to consider. Charles Zhang, a CFP and founder and CEO of Zhang Financial in Portage, Michigan, says that an advisor should have at least one of the four following designations: certified financial planner (CFP), chartered financial analyst (CFA), certified public accountant (CPA) or chartered financial consultant (ChFC).

Zhang also emphasizes the benefits of working with a group of advisors who each specialize in a particular area, such as having one member who works in estate planning and another in taxes.

“It’s important that the team has some different expertise,” Zhang says."

 

Yahoo Finance!, Associated Press, Morningstar, Cision, February 26, 2021

Forbes Best-In-State Wealth Advisor Rankings

 

Forbes has ranked Charles Zhang #1 in Michigan on its Best-In-State Wealth Advisor list for 2021.  Charles has been the #1 Advisor on the list since its inception, four years ago.   Forbes had 32,725 nominations of which only 15,854 were invited to fill out the online survey. Each advisor, selected by SHOOK Research, was chosen based on an algorithm of qualitative and quantitative criteria, including: in-person interviews; industry experience; compliance records; revenue produced; and assets under management.

Forbes, February 11, 2021

Forbes Best-In-State Wealth Advisor Rankings

 

Forbes has ranked Charles Zhang #1 in Michigan on its Best-In-State Wealth Advisor list for 2021.  Charles has been the #1 Advisor on the list since its inception, four years ago.   Forbes had 32,725 nominations of which only 15,854 were invited to fill out the online survey. Each advisor, selected by SHOOK Research, was chosen based on an algorithm of qualitative and quantitative criteria, including: in-person interviews; industry experience; compliance records; revenue produced; and assets under management.

GRBJ, Grand Rapids 200, October 2020

The Grand Rapids 200

 

Charles Zhang was chosen by the Grand Rapids Business Journal as one of the Grand Rapids 200.  As stated by Tim Gortsema, Editor, Grand Rapids Business Journal, in his Letter from the Editor entitled "Responsibility Weighs Heavily":

"Grand Rapids 200 represents the cream of the crop when it comes to leadership in West Michigan. These are the people making decisions every day that affect not only them and their business or organization, but the entire business community.  You have to earn your place in this publication. It’s not something we put to a vote of the people. These individuals are selected by the Editorial Department based on our news coverage, source networks and general knowledge of the inner workings of West Michigan.  These 200 leaders do not shirk responsibility; they welcome it."

Investment News, September 25, 2020

Adviser recognized for 25 years of dedicated support for students.
Invest in Others Charitable Foundation named Lynn Chen-Zhang of Zhang Financial its 2020 Lifetime Achievement award winner.

 

The winner of the Invest in Others 2020 Lifetime Achievement Award is Lynn Chen-Zhang, COO of Zhang Financial, for inspiring students and donating both her time and money to Western Michigan University Foundation for more than 25 years.

“Lynn Chen-Zhang’s dedication to Western Michigan University is unmatched. She has given back to her alma mater so many different ways, as a leader, fundraiser and on-campus volunteer, to ensure all students have the opportunity to reach their goals and future potential,. Lynn has truly made a lasting impact on this community.,” said Megan McAuley, executive director of the Invest in Others Charitable Foundation.

Invest In Others, September 25, 2020

Invest In Others Lifetime Achievement Award

 

The Invest in Others Award program recognizes the charitable work of financial advisors in communities across the country.  We are beyond thrilled to announce that Lynn Chen-Zhang has been awarded the highest honor - the Invest In Others Lifetime Achievement Award. The Lifetime Achievement Award is given to the individual who represents the best in the financial services industry and has devoted over 20 year of their life making a profound difference for the non-profit they support. Lynn has spent the last 20+ years giving back to her alma mater Western Michigan University through her service to the Western Michigan University Foundation. She has donated both time and talent to make sure that all students have the opportunity to reach their goals and future potential. Her presence on the campus is a constant source of inspiration for those she encounters and her generous financial support of both large and small initiatives inspires those around her to give as well.
 
Along with Lynn being recognized, the Western Michigan University Foundation will receive a total of $55,000 from Invest In Others in honor of Lynn! Please watch as Lynn is presented with the Lifetime Achievement Award!
 

The Wall Street Journal , September 17, 2020

The Wall Street Journal
Barron's 2020 List of Top Independent Advisors

 

On September 17th, 2020, The Wall Street Journal published a special section highlighting the Barron's Top 100 Independent Advisor list for 2020. Charles is ranked #2 in the nation!

Barron's , September 12, 2020

Barron's 2020 List of Top Independent Advisors

 

For the sixth year in a row, Barron's has ranked Charles Zhang in the top 10 on their list of the Top Independent Financial Advisors.  2020 marks the second year in a row that Charles has been ranked #2 in the nation.  He is also the highest ranked NAPFA-Registered fee-only advisor on the list.

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Forbes , August 25, 2020

Forbes' List of America's Top Wealth Advisors for 2020

 

Charles Zhang has once again been ranked in the Top 10 on Forbes' list of America's Top Wealth Advisors for 2020. Ranked #7 this year, Charles is the highest ranked independent advisor on the list and the only independent advisor in the top 10.

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Financial Advisor Magazine , August 5, 2020

Financial Advisor Magazine's 2020 Annual RIA Rankings

Zhang Financial has been ranked as one of the top 150 RIAs in the nation by Financial Advisor Magazine in their 2020 Annual RIA Rankings. Zhang Financial is the highest ranked fee-only advisory firm in the state of Michigan on the list.

RIA Channel 2020 Top 100 Wealth Manager List , July 24, 2020

RIA Channel 2020 Top 100 Wealth Manager List

 

Zhang Financial has been ranked on the 2020 RIA Channel Top 100 Wealth Managers Ranking. This year’s ranking showcases wealth management firms based on their total assets under management along with other quantitative and qualitative criteria. Zhang Financial was ranked #60.  The RIA Channel recognize these firms as leaders in their field!

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Small Business Association of Michigan, June 18, 2020

SBAM Political Impact Award Recipient

 

On Thursday, June 18, 2020, during the Small Business Association of Michigan's (SBAM) Annual Meeting, Zhang Financial was recognized as being a Political Impact Award recipient. The SBAM Annual Meeting is a celebration of Michigan Small Business resiliency and entrepreneurship, featuring a presentation by US Treasury Secretary, Steven T. Mnuchin. 

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MLive, May 5, 2020

Feeding the Frontlines will bring Michigan's Best to over 2,000 health care workers.

 

On Wednesday May 6, in honor of National Nurses DayMLive is partnering with Michigan businesses from across the state to provide meals to over 2,000 health care workers who have been working the front lines during this difficult time.

”We at Zhang Financial are incredibly thankful for the work of nurses, doctors, and other health care workers during this difficult time," said Charles and Lynn Zhang, owners of Zhang Financial, one of the Frontline sponsors. “We are living through a historical moment filled with, among many other things, a pervasive sense of fear and uncertainty. It is important to support the individuals who are risking a great deal to save lives each and every day. The work of these heroes allows us to feel safe in our community.”

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Academically Talented Youth Program (ATYP), April 21, 2020

The Academically Talented Youth Program (ATYP) in Western Michigan University's Office of Pre-College Programming is pleased to announce the establishment of the Charles and Lynn Zhang Scholarship. This scholarship will be available to any ATYP student who qualifies for free or reduced lunch and will cover the cost of all registration fees, books, and calculators required for the program.
 
Funding for this scholarship is provided by Charles Zhang and Lynn Chen-Zhang. The Zhangs both earned graduate degrees from Western Michigan University and run a Michigan-based fee-only financial planning and investment firm, Zhang Financial. In addition, the Zhang's two sons, Mitchell and Alex, are ATYP alumni.

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WMed Health, April 20, 2020

GENEROUS DONATION OF PERSONAL PROTECTIVE EQUIPMENT FROM CHARLES AND LYNN ZHANG KEEPS WMED HEALTH PROVIDERS SAFE WHILE SERVING THE COMMUNITY

 

A generous donation of about $150,000 worth of personal protective equipment from Charles and Lynn Zhang has allowed the medical school to keep its providers safe while they serve the community during the COVID-19 pandemic.

“All this started when this virus started hitting the community,” Lynn Zhang said. “We really wanted to do something to help. I read the stories about how our frontline doctors and nurses were fighting it and lack of equipment and that broke my heart because they are risking their lives and we don’t have enough protection to give them. I thought, how can we take care of the patients, of the community?”

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Bronson Health Foundation, April 10, 2020

The following post is from Bronson Health Foundation as a thank you to Lynn and Charles for their continued support of our community:
 
Join us in thanking the Zhang family for their generous gift of $100,000 to our Rapid Response Fund. Lynn and Charles made this gift to stand with Bronson during this time of need. Their support will provide additional ventilators as we prepare for an increase in patients during this pandemic. “We are so thankful to Bronson caregivers for taking care of our community. Making this gift is important to us so that we can help our local healthcare system when it needs us most.” Thank you Zhang family! #TogetherWeCare #BronsonProud

See Full Post >

Grand Rapids Business Journal, April 3, 2020

Charles was interviewed and quoted in an article written by Danielle Nelson of the Grand Rapids Business Journal entitled "Advisers say now might be the perfect time to rebalance portfolios". Here is an excerpt:

Despite the downturn and fluctuation, Charles Zhang, founder and CEO of Zhang Financial, said this is not the time to panic. 

“Please don’t focus on one month’s return or two months’ return,” he said. “People are always confused about this, saying ‘I lost 20% this month and if I continue to do that, in five months I will have nothing.’ That is not logical because, for the next five months, it will not be down every month 20%. We always tell clients, look at one-year returns, two-year returns, three-year returns, don’t look at a one-month return.”

A result from a study commissioned by Towneley Capital Management and conducted by professor H. Nejat Seyhun at the University of Michigan showed that 96% of market gains occurred in 0.9% of trading days from 1963 to 2004.

As a result, Zhang said investors must stay in the market because people will be missing that 0.9% of trading days and the resulting higher returns.

In addition to being aggressive in maintaining extreme patience during this volatile time, he said, investors always must be smart and assess the risk level in the amount they can afford to lose in the short-term.

Read Full Story >

Barron's, March 13, 2020

Charles C. Zhang has been ranked the #1 Financial Advisor in the state of Michigan for the eighth year in a row.  The rankings are based on assets under management, revenue generated by advisors for their firms, and the quality of their practices, regulatory records, internal company documents, and 100-plus data points provided by the advisors themselves.

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Grand Rapids Business Journal, March 10, 2020

Rachel Watson of the Grand Rapids Business Journal published an article announcing the opening of Zhang Financial's new Ada, MI office.  The article entitled "Financial Firm opens office In Ada Village" can be found online at the below link.  Here is an excerpt from the article: "Zhang Financial said the new office will aid its team in meeting an increasing market demand for National Association of Personal Financial Advisors (NAPFA)-registered financial advisers in West Michigan.  We are so thankful for our clients who have supported us in developing this new office, said Charles Zhang, co-founder and CEO of Zhang Financial and asset manager for all of the firm’s clients."

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US News and World Report, March 9, 2020

Charles Zhang was recently quoted in an article by Emily Brandon of US News and World Report entitled "7 Tips to Live Well on Social Security Alone".  Here is an excerpt from the article:

"Moving to a lower-cost area of the country could help your existing Social Security check to pay more of your bills. If people live in a very expensive place when they retire, they can cash out their house and exchange to a below-national-average price house and have a very comfortable retirement, says Charles Zhang, a certified financial planner for Zhang Financial in Grand Rapids, Michigan."

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MLive, March 6, 2020

KVCC and Michigan Women Forward partnered to present messages of empowerment from two local women, Carolyn Williams and Lynn Chen-Zhang. Both presenters were honored as Women of Achievement and are Courage Award winners. The event will have lunch, the presentation and the panel discussion.

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Forbes, January 16, 2020

Forbes has ranked Charles the #1 Wealth Advisor in the state of Michigan! Charles has held the #1 position since the inception of the rankings.  According to Forbes, nearly 32,000 nominations were submitted.  All were judged on an algorithm of qualitative and quantitative criteria, including: in-person interviews, industry experience, compliance records, revenue produced, and assets under management, and other factors.

Please see the link below for Forbes' list of Best-In-State Wealth Advisors:

Read Full Story>

Grand Rapids Business Journal, January 8, 2020

Lynn Chen-Zhang was chosen as one of the 50 Most Influential Women in West Michigan for 2020. Here is an excerpt from the story: 

"From a record 248 applicants, the Grand Rapids Business Journal selected the 50 Most Influential Women in West Michigan for 2020. The biennial event celebrates West Michigan women who are making a difference in the community in a variety of ways."

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