Media and Press
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.
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 Day, MLive 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.”
WMed Health, April 21, 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?”
Academically Talented Youth Program (ATYP), April 21, 2020
Bronson Health Foundation, April 10, 2020
Grand Rapids Business Journal, April 3, 2020
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.
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.
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."
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."
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.
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:
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."
Barron's, October 25, 2019
Charles Zhang earned the distinction of being a member of Barron's Hall of Fame. According to Barron's, “Barron’s Hall of Fame” is an award honoring a group of advisors who exemplify long-term success and commitment to their clients. Each member of the Hall of Fame has appeared in 10 or more of Barron’s annual Top 100 Advisor rankings, and their long-looking commitment to excellence is a hopeful example for the industry to follow.
The Atlantic, October 25, 2019
Lynn was interviewed for an article in The Atlantic entitled "How Much Inheritance is Too Much" written by Joe Pinsker. Below is an excerpt from the article:
"When Lynn Chen-Zhang’s older son was in third grade, he came home from school one day wondering why he bothered studying so hard: A classmate had told him that because he had wealthy parents, he’d be all taken care of in life. What was the use? This question worried Chen-Zhang and her husband—who run a financial-advisory firm in Portage, Michigan..."
News Channel 3, October 25, 2019
Lynn was interviewed by WWMT Channel 3 for an article on the top places to retire with a 1M nest egg. Here is an excerpt from the article:
"Lynn Zhang, a financial adviser at Zhang Financial in Portage, Michigan, said there are several reasons people want to retire in the Kalamazoo area. The city's educational system and businesses play a factor in those decisions..."
Barron’s, October 18, 2019
Charles has been featured in the Barron's article entitled "Charles Zhang: How a Top Advisor Crushed the Odds". Here is an excerpt from the article:
"NOBODY WOULD HAVE BLAMED Charles Zhang if he’d flopped as a financial advisor: After all, the Shanghai native started building his book in a foreign country, in a second language, with no professional network. “I had no natural market whatsoever,” he says.
Zhang, who 25 years later has $3 billion of assets and a team of 38, explains to Barron’s Advisor how he pulled off his moonshot.
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MLive, September 19, 2019
The Kalamazoo Humane Society broke ground on its new animal care and resource center on Wednesday, Sept. 18. Lead donors Charles and Lynn Zhang contributed to the total $5 million budget for the facility that will include state-of-the-art medical procedure rooms for spay/neuter surgeries, educational space and an adjoining memorial garden for pets that have passed away.
The building will be named The Charles & Lynn Zhang Animal Care & Resource Center in recognition of their donation.
MLive, September 17, 2019
The public fundraising for Portage’s planned $11 million senior community center has been accelerated by a $2 million donation from Lynn and Charles Zhang announced this week.
The Zhang family, owners of Zhang Financial in Portage, announced the donation during a special city council meeting in Portage Monday, Sept. 16. As a result of the donation, the center will now be named after the couple as the Charles & Lynn Zhang Portage Community Senior Center.
Barron’s, September 16, 2019
Charles C. Zhang has been ranked #2 on Barron's list of America's Top 100 Independent Financial Advisors for 2019 and continues to be the highest ranked Fee-Only NAPFA-Registered Financial Advisor on the list. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms, the quality of the advisors' practices, and other factors.
Forbes, September 14, 2019
Charles has been ranked the #6 on Forbes' list of America's Top Wealth Advisors for 2019. Charles is the highest ranked Independent Advisor as well as the highest ranked NAPFA-Registered Fee-Only Financial Advisor on the list. Each advisor, selected by SHOOK Research, is chosen based on an algorithm of qualitative and quantitative criteria, including: in-person interviews, industry experience, compliance records, revenue produced, assets under management, and other factors.
Please see the link below for Forbes' list of the America's Top Wealth Advisors:
Women's Lifestyle Magazine, September, 2019
Lynn has been recognized by Michigan Women's Forward as the recipient of the 2019 Woman of Achievement and Courage Award. According to Women's LifeStyle Magazine, "The vision of MWF is a Michigan where women are recognized leaders who thrive, contribute and uplift the state’s future."
NEw Channel 3, August 15, 2019
The Kalamazoo Humane Society announced Thursday that its new animal care and resource center is set to break ground this year. The new building is to be named the Charles and Lynn Zhang Animal Care and Resource Center. The humane society expects construction to begin in early fall 2019 and to last about a year.
WMUK 102.1 August 15, 2019
These are encouraging times for pets in Kalamazoo. The Humane Society says after years of cramped, makeshift quarters that it’ll break ground on a new building next month, while Kalamazoo County has almost finished its new Animal Services shelter.
KHS has raised about $5 million from the project, Winters said Thursday at the offices of Zhang Financial on Oakland Drive in Portage. Philantrhopists Charles and Lynn Zhang were the principal donors and Winters says the building will be named in their honor. The building will sit on about 20 acres at River Street and the I-94 Business Loop in Comstock Township.
Investment News June 1, 2019
On June 1, 2019, Investment news ranked Zhang Financial the #1 Fee-Only RIA (Registered Investment Advisor) in the state of Michigan.
Barron's May 16, 2019
Charles was quoted in the Barron's article "Baby Boomers in No Rush to Retire" written by Gene Epstein. The following is a quote from Charles:
"Necessity isn’t the only factor in the decision to delay retirement. Says financial advisor Charles Zhang, CEO of Zhang Financial: “Many of my clients continue to work because they enjoy what they do. It provides a nice rhythm to their life.”
Kalamazoo College, April 16, 2019
Charles Zhang and Lynn Chen-Zhang, through a generous donation, has helped Kalamazoo College support key initiatives in its strategic plan through the establishment the Zhang Financial Student Professional Development Fund, a permanent endowment that will underwrite campus-based programs to enhance student experiences and prioritize their professional development. The fund will support career preparation programs offered through the Center for Career and Professional Development including on-campus activities, events and programing that better position Kalamazoo College graduates for their first job after graduation.
WMU News, March 18, 2019
Zhang Career Center celebrates 10-year anniversary
The Zhang Career Center, located in Western Michigan University's Haworth College of Business, is celebrating its 10-year anniversary. The center oversees thousands of student interactions, organizes dozens of programs and hosts hundreds of employers each year. Its impact in the last 10 years has been immense and far-reaching.
MLive, March 15, 2019
New WMU Board of Trustee members sworn in, new officers elected
Lynn Chen-Zhang was re-appointed trustee to the Western Michigan Board of Directors. Lynn was originally appointed by the former Governor Rick Snyder in 2017 to serve the remaining two years of former Trustee Dana Debel’s term. Lynn’s new eight-year term expires Dec. 31, 2026.
Barron’s, March 8, 2019
Charles C. Zhang has been ranked the #1 Financial Advisor in the state of Michigan for the seventh 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.
Forbes, February 20, 2019
Charles has, once again, been ranked the #1 Wealth Advisor in the state of Michigan. According to Forbes, nearly 30,000 nominations were submitted - 8,000 more than last year. 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:
Barron’s, September 14, 2018
Charles C. Zhang has been ranked #6 on Barron's list of America's Top 100 Independent Financial Advisors and continues to be the highest ranked Fee-Only NAPFA-Registered Financial Advisor on the list. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms, the quality of the advisors' practices, and other factors.
Forbes, September 13, 2018
Charles has been ranked the #7 on Forbes' list of America's Top Wealth Advisors for 2018. Charles is the highest ranked Independent Advisor as well as the highest ranked NAPFA-Registered Fee-Only Financial Advisor on the list. Each advisor, selected by SHOOK Research, is chosen based on an algorithm of qualitative and quantitative criteria, including: in-person interviews, industry experience, compliance records, revenue produced, and assets under management.
Michigan Lawyers Weekly, September, 2018
For the second year in a row, Zhang Financial has been ranked the #1 Best Wealth Management Provider by Michigan Lawyers Weekly.
Columbia Economics, Spring 2018
Charles and Lynn Zhang were featured in the Money and Finance Section of Columbia Ecomomics Magazine - Pages 26-29. See the link below to read "Q&A with Lynn and Charles Zhang".
Barron’s, March 10, 2018
Charles C. Zhang has been ranked the #1 Financial Advisor in the state of Michigan for the sixth year in a row. As reported by Ross Snell in the Barron's Special Report entitled "Leaders of the Pack":
Charles Zhang, 50, can reel off percentages the market lost in past downturns, then recovered in the next five years. He employs this skill to convince clients not to rush to sell and derail their long-term goals. “I think people started getting used to the market always going up, and not having even a minor correction," he says. “We deliver the message that the correction is very normal and they need to get used to it.”
Forbes, February 15, 2018
Charles has been ranked the #1 Wealth Advisor in the state of Michigan by Forbes for 2018. According to Forbes, 21,138 nominations were received based on thresholds, 5,089 were invited to complete the online survey, 5,264 telephone interviews were conducted, and 1,157 in-person interviews occurred at Advisors’ locations.
The Wall Street Journal, October 4, 2017
Lynn Chen-Zhang, was interviewed and featured in the Wall Street Journal's article "Community Relations: Thriving in a Small City. As stated by Lynn, "We believe that in order for our business to do well the community needs to do well."
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Forbes, September 26, 2017
Charles C. Zhang has been ranked #8 in the nation on Forbes' list of America's Top Wealth Advisors 2017. He is the highest ranking Independent Advisor on the list. The ranking, developed by our partner Shook Research, is based on in-person and telephone due-diligence meetings and a ranking algorithm for advisors who have a minimum of seven years of experience. We consider client retention, industry experience, compliance records and firm nominations as well as quantitative criteria such as assets under management and revenue generated for their firms.
Barron’s, September 15, 2017
Charles C. Zhang has been ranked #4 on Barron's list of America's Top 100 Independent Financial Advisors and continues to be the highest ranked Fee-Only NAPFA-Registered Financial Advisor on the list. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms, the quality of the advisors' practices, and other factors.
Michigan Lawyers Weekly, September, 2017
Zhang Financial has been ranked the #1 Best Wealth Management Provider by Michigan Lawyers Weekly.
Grand Rapids Business Journal, June 23, 2017
Charles Zhang was featured in the Grand Rapids Business Journal's article, "Inside Track: Foundation of Trust Propels Zhang to Top" written by Rachel Watson. Here is an excerpt from the article:
After almost three decades living in the United States and running a wealth management practice, Charles Zhang said his treasure isn’t in the millions he’s made — it’s in the people who trust him.
Barron’s, March 25, 2017
Charles Zhang was featured in the Barron's article "Small Stocks Fuel a Financial Advisor's Big Success" written by Steve Garmhausen. The following is an excerpt from the article:
When Charles Zhang sold his first house, back in 1995, his real estate agent noted that it was in curiously pristine shape. "She asked, 'Did you really live here?' " Zhang remembers. "I explained to her that I'd been working 80 hours a week at the office." Zhang, a Shanghai native who had come to the U.S. for college, had been working his tail off to build his business in his adopted country. And that hard work led to resounding success: Zhang, now 49, is Barron's top-ranked advisor in Michigan and manages about $2.5 billion for nearly 1,000 households. With rhetoric about protectionism now echoing around the globe, Zhang is stocking up on Treasury inflation-protected securities. He's also keen on small-cap value stocks in both developed and emerging markets.
Grand Rapids Business Journal, March 24, 2017
Zhang Financial has been ranked #1 on the Grand Rapids Business Journal's list of Top Area Wealth Management Firms in West Michigan. (Ranked by 2016 West Michigan Assets Under Management). In the same issue, Charles Zhang was featured in the Grand Rapids Business Journal's article "Zhang Financial Shares View from the Top of the Industry".
Barron’s, March 4, 2017
State Champion, Charles Zhang is the #1 Financial Advisor in Michigan for the fifth year in a row. As reported by Kevin Burke in the Barron's article 2017 Top Advisor Rankings by State:
Charles Zhang holds a third-degree black belt in tae kown do, a sport he says keeps him both calm and disciplined–the ideal temperament for a long-term investor. After becoming American Express's top advisor in the early 1990s, he founded Zhang Financial, an independent fee-only wealth manager in Portage. He and his wife, Lynn, his business partner, serve about 1,000 clients, each with at least $500,000 in investible assets. He often helps clients with second mortgages, vacation-home purchases, and other matters. "We reward loyalty," he says. Zhang, 49, favors low-cost ETFs and index funds, and avoids hedge funds–whose fees he considers excessive–as well as margin accounts, because he never wants to be a forced seller. He preaches tax-loss harvesting and periodic rebalancing, noting, "We try to take profits off the table after a strong run." Right now, he likes financials, health care, global real estate, and emerging markets. He's wary on fixed income, favoring shorter-duration bonds.
MLive, February 2, 2017
Gov. Rick Snyder announced the appointment of Lynn Chen-Zhang of Portage to the Western Michigan University Board of Trustees on Thursday, Feb. 2. "I thank Lynn for her committment to serve on this board and I believe her experiences will help the university continue to succeed," Snyder said in a news release.
Financial Planning, January 3, 2017
Zhang Financial was ranked #47 on Financial Planning's list of the nation's Top 150 RIA's. Rankings are based on discretionary and non-discretionary assets under management listed on SEC Form ADV. To capture independent fee-only planning firms, every effort is made to exclude firms with broker-dealer and insurance company affiliations and those with substantial outside ownership stakes held by private equity firms and some outside investors. As of May 2014, Meridian-IQ estimates that there are 31,739 total RIA (Registered Investment Advisor) firms in the United States.
U.S. News & World Report, October 12, 2016
Charles Zhang was interviewed and quoted in U.S. News & World Report's article entitled "The 10 Best Places to Retire With Only a Social Security Check". Charles states, "If you want to have a peaceful, more quiet life and also more reasonable housing, consider the middle west,...”
Barron’s, August 27, 2016
Charles C. Zhang has been ranked in the top 10 on Barron's list of America's Top 100 Independent Financial Advisors for the second year in a row and continues to be the highest ranking Fee-Only NAPFA-Registered Financial Advisor on the list. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms, the quality of the advisors' practices, and other factors.
Forbes, August 3, 2016
Charles C. Zhang has been recognized as one of America's Top Wealth Advisors by Forbes for 2016. Charles is ranked #16 in the nation and is the highest ranking NAPFA-Registered fee-only advisor on the list. Inclusion on the list is based on factors such as revenue trends, assets under management, compliance record, industry experience, and best practices.
Money, June 23, 2016
Charles Zhang was interviewed and featured in Money magazine's column Ask The Expert. The topic discussed was "Will I Owe Taxes if I Give a Home to My Son".
Financial Times, June 15, 2016
The Financial Times has recognized Zhang Financial as one of the Top 300 Registered Investment Advisors for 2016. Factors used to determine inclusion on the list are assets under management, asset growth, the company's age, industry certifications of key employees, SEC compliance record, and online accessibility.
Financial Times, March 31, 2016
Charles C. Zhang was selected as a member of the 2016 Financial Times 400 Top Advisors. Charles has been on the list every year since it's inception. Factors included in the rankings include assets under management, AUM growth rate, years of experience, compliance record, industry certifications and online accessibility.
Grand Rapids Business Journal, March 28, 2016
Barron’s, March 5, 2016
State Champion, Charles Zhang is the #1 Financial Advisor in Michigan for the fourth year in a row. As reported by Charles Keenan in the Barron's article 2016 Top Advisor Rankings by State:
Zhang is a fierce client advocate, once helping a retiree recover $100,000 in potentially lost benefits. The client had missed a benefit deadline by a single day, and Zhang persuaded the company to grant the 30-year employee the benefits. Zhang, 48, is equally intense on the investing front. A favorite tool is the limit order, which he deploys to take advantage of market drops. He recently set limits on 60% of his client account accounts at 12% to 13% below market levels, allowing him to scoop up deals on exchangetraded funds such as Vanguard Small Cap Value and Vanguard FTSE Emerging Markets. “We think smallcap is oversold, especially on the value side, and emerging markets offers a very good price.” He also thinks U.S. stocks are oversold. “This year the market will be fine,” Zhang says. He strives to keep investment management fees low by using index ETFs, and as an independent fee-only advisor, his fee is 1% or less. “Be honest with people,” he advises. “In the end, you win.”
Click Here to see the rankings.
MLive, February 20, 2016
A building donation from Lynn and Charles Zhang has opened the door for Family & Children Services to expand into Portage. It's all about families, said Lynn Zhang, explaining why she and her husband, Charles, donated the original headquarters of Zhang Financial, 1302 W. Milham Ave., to local human service agency Family & Children Services.
Financial Planning, January, 2016
Zhang Financial was ranked in the Top 150 on Financial Planning Magazine's list of the country's Top RIAs. Rankings are based on discretionary and non-discretionary assets under management listed on SEC Form ADV. To capture independent fee-only planning firms, every effort is made to exclude firms with broker-dealer and insurance company affiliations and those with substantial outside ownership stakes held by private equity firms and some outside investors. To capture firms that provide true holistic financial advice to individuals, only firms with 50% or more individual clients, as can be determined through the Form ADV, are included.
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