Lisa Banning
Lisa Banning is a registered investment advisor at Financial Management Network INC, based in Mission Viejo, CA, with 27 years of industry experience. Lisa operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Tax Planning. Their firm serves 1,528 clients with $2.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
FMN offers several investment management options with different fee structures:
For clients who started before July 1, 2002:
- Annual fee: 1% on the first $200,000, 0.80% on $200,001-$500,000, 0.70% on $500,001-$1,000,000, and 0.60% on amounts over $1,000,000.
- Minimum annual fee: $1,000.
For clients who started after July 1, 2002:
- Annual fee: 0.90% on $200,000-$500,000, 0.80% on $500,001-$1,000,000, and 0.70% on amounts over $1,000,000. Fees are negotiable for portfolios over $3,000,000.
- Minimum account size: $200,000.
For clients who started after September 30, 2011, with more complex portfolios:
- Annual fee range: 0.60% to 1.25%. Fees are negotiable for portfolios over $3,000,000.
Model Portfolio Management:
- Annual fee: 1.25% (minimum $156.25 per quarter).
- Minimum account size: $50,000.
FM6 Management (for non-profit employees):
- Annual fee: 0.50%.
- Minimum account size: $100,000.
Class F-2 shares of the American Funds:
- Annual fee: 0.50%.
Sub-Adviser (for accounts under $10,000):
- Annual fee: 1% (0.25% paid to the sub-adviser, 0.75% to FMN).
Location
26041 Acero, Mission Viejo, CA, 92691
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Lisa is a trustee on the Palm Harvest Church Board and owns 5% of FMN Centerpoint LLC, a commercial real estate company. She is also an appointed agent of various insurance companies, holding a California insurance license for life, health, and variable products.
Employment History
Current Registrations
Financial Management Network INC
Fmn Capital CorporationBroker
State Registrations16 states
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