Planning Fees
As a Fee-Only registered investment advisor, Life Planning Partners, Inc. is paid only by our clients. Developing and implementing a financial life plan is a complex process that takes time, knowledge, and resources, and our clients understand and appreciate the commitment involved.
Many financial planning firms base their fees on the dollar amount of investment assets they manage for you. For example, an asset based fee of 1% on $1 million of investments equates to $10,000 charged per year. For this fee, many of these firms do not provide a full range of financial life planning services.
To make certain we are a good fit, we offer a no obligation “lets get acquainted” session.
Service and Fee Comparison
| Life Planning Partners, Inc. | Asset-Based Fee Advisor | Commissioned Salespeople | |
| Form of Compensation | Flat retainer based on complexity and services | Percentage of assets (typically 1% or more) | Commission (varies by product) |
| Cost to Client | Fees start at $2,500 per quarter |
Example: $1 million portfolio – $2,500 per quarter | ??? |
| Fiduciary Duty | Yes | Yes | No |
| Portfolio Analysis | Yes | Yes | ? |
| Investment Management (ongoing) |
Yes | Yes | ? |
| Goal Setting and Monitoring |
Yes | ? | ? |
| Cash Flow Planning | Yes | ? | ? |
| Net Worth Review | Yes | ? | ? |
| Tax Minimization | Yes | ? | ? |
| Estate Planning | Yes | ? | ? |
| Retirement Analysis | Yes | ? | ? |
| Education Planning | Yes | ? | ? |
| Insurance Reviews | Yes | ? | ? |
| Insurance Shopping and Research |
Yes | ? | ? |
| Mortgage Review and Assistance | Yes | ? | ? |
| Major Purchase Assistance |
Yes | ? | ? |
| Health Care Planning | Yes | ? | ? |
| Financial Life Coaching | Yes | ? | ? |
| Coordination with Attorneys, CPAs, etc. |
Yes | ? | ? |
| Unbiased Advice (not influenced by compensation) |
Yes | ? | ? |
Contact Us
Contact us today with questions or to schedule an appointment.
Phone
(904) 448-5158
Email
[email protected]
