Steven Lee
Steven Lee is a registered investment advisor at Bfc Planning, INC., based in Lake Forest, IL, with 32 years of industry experience. Steven operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Insurance Planning, Investment Management, and 3 more. Their firm serves 6,720 clients with $2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
BFC Planning offers asset management services through various platforms. Fees are based on the amount of assets managed and can vary depending on the platform and the IAR. The maximum allowable fee is 2.5% annually. Fees may be charged in advance or arrears, monthly or quarterly. Clients may also incur charges from third parties, such as mutual fund expenses and IRA fees. Some platforms have minimum account sizes.
Platforms include:
- Berthel Edge
- BFC Advisory program
- American Funds Direct F-2 Share Class Program
- Institutional RIA Platform
- Variable Annuity/Variable Life Sponsors
- Envestnet’s Managed Account Solutions
- Sub-Advisory Platforms
- Held Away Accounts
Location
Lake Forest, IL
Get directionsHistory
Regulatory History (1)
Customer Dispute
March 2000Other Business Activities
Steven is the president of the Taiwanese American Chamber of Commerce of Greater Chicago and a registered representative for Lee K. Steven Investment LLC, which is used for accounting purposes. He also serves as an advisor for the Overseas Community Affairs Council and a trustee for a friend's trust.
Employment History
Current Registrations
Bfc Planning, INC.
Berthel, Fisher & Company Financial Services, INC.Broker
Previous Registrations
Wachovia Securities, LLCBroker
Dain Rauscher IncorporatedBroker
Dain Rauscher IncorporatedBroker
A. G. Edwards & Sons, INC.Broker
Rodman & Renshaw INC.Broker
Prudential Securities IncorporatedBroker
State Registrations12 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.