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Robert Schmansky

Retirement, Investing, Lifestage Based Planning
“Robert Schmansky is the founder and President of Clear Financial Advisors, a fee-only holistic wealth management firm located in Metro-Detroit, Michigan where he assists individuals and families to create financial plans for their personal goals.”

Clear Financial Advisors, LLC

Job Title:



Rob Schmansky, CFP® is the founder of Clear Financial Advisors, a registered investment advisor in Metro-Detroit, Michigan. Clear Financial Advisors provides Fee-Only wealth management services.

Rob’s career mission has been to promote credentialed, holistic financial planning awareness among the public.

In addition to his role as an advisor, Rob is an Enrolled Agent (EA) helping clients in tax matters and tax planning. He also holds a Life Insurance Counselor license. Rob has also take post-graduate classes and received certificates in taxation and financial asset management.

Having over a decade of experience with the media, Rob is frequently quoted in the media, including the Wall Street Journal, New York Times, Forbes, CNBC, ABC News, CNN Money, Reuters, Detroit Free Press, Chicago Tribune, Dow Jones Newswires, MarketWatch, National Public Radio, and other publications. He has been published by Forbes, US News & World Report, FiLife (a former IAC / Dow Jones joint venture), Yahoo! Finance, and other outlets, in addition to his own Clear Money Blog

In addition to his work as a personal financial advisor, Rob is an adjunct instructor of economics, and he has also taught the required courses for candidates to sit for the CFP® examination. He has contributed to the retirement planning knowledge requirements for those seeking international CFP® certification under the Financial Planning Standards Board. 

In his free time Rob enjoys listening to non-fiction audiobooks, coaching youth lacrosse, and jogging.


BS, Human Ecology and Family Resource Management, The Ohio State University
MA, Economics, Walsh College

Assets Under Management:

$15 million

Fee Structure:


CRD Number:


Insurance License:

#MI Life Counselor

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July 2016
February 2017
    Financial Planning
July 2017
    Retirement Savings
January 2018
    College Tuition, Investing
October 2016

All Answers
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    Investing, ETFs, Mutual Funds
Should I invest in ETFs or passive index funds?
74% of people found this answer helpful

ETFs have a few disadvantages in my opinion. First, they trade on the market and can trade at premiums and discounts, which can easily wipe-out any difference in expense ratios (if there are any between similar funds). Similar to that point when you purchase a mutual fund you buy in at cost, whereas when you trade during the market you may not. Finally, ETFs are not as liquid as funds, and that often causes issues with trading, and being out of the market. ETFs trade T+3, and depending on the platform you may have to sit out that time before buying. Mutual fund proceeds are available the next day (assuming trades go in before close).

Mutual funds are more liquid, give a guaranteed cost, keep you invested while rebalancing, and are far easier to trade. ETFs have some benefits that can be useful, but overall I find funds are more appropriate for long-term investors.

April 2016
    Investing, Asset Allocation, Stocks
Are high risk stocks still a good option for young investors?
74% of people found this answer helpful
March 2016
    Investing, Real Estate
What is the difference between a REIT and a real estate fund?
73% of people found this answer helpful
May 2016
    Career / Compensation, Investing
Now that the DJIA has reached 20,000, is it still a good idea to invest in the market?
71% of people found this answer helpful
January 2017
    Investing, Bonds / Fixed Income, ETFs, Mutual Funds, Stocks
What are my best options for short term growth?
71% of people found this answer helpful
May 2016