Leonard Bakker is a registered investment advisor at Lifetime Financial, INC., based in Walnut Creek, CA, with 11 years of industry experience. Leonard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management. Their firm serves 320 clients with $49M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Lifetime Financial directs clients to third-party money managers, and LFI is compensated via a fee share from those managers. The fees shared are negotiable.
For clients directed to Synergy Asset Management LLC, the total annual fee is:
- $0 - $1,000,000: 1.85% (LFI's fee is 1.25%, Synergy's fee is 0.60%)
- $1,000,001 - $3,000,000: 1.50% (LFI's fee is 1.00%, Synergy's fee is 0.50%)
- $3,000,001 and up: 1.40% (LFI's fee is 1.00%, Synergy's fee is 0.40%)
Clients also pay a $30 annual technology fee per open account, billed quarterly.
For clients directed to Turner Capital Investments, LLC, the minimum requirement is $100,000. The annual fee is 1.00% for all assets. Turner also charges a subadvisory fee:
- $0 - $2,500,000: 1.00% annually
- $2,500,001 - $5,000,000: 0.75% annually
- Amounts over $5,000,001: 0.50% annually
For 3(38) Investment Manager services, the annual fee is:
- Less than $1,000,000: 1.25%
- $1,000,000 - $2,999,999: 1.00%
- $3,000,000 - $7,499,999: 0.75%
- $7,500,000 +: 0.65%
For the Cash Management Platform, the annual fee is 0.50% of all assets. This fee is negotiable.
Location
2950 Buskirk Avenue Suite 300, Walnut Creek, CA, 94597
Get directionsHistory
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
Leonard is a sales advisor for CA Long Term Care Insurance Services since 2014, spending about a quarter of his time selling long-term care insurance. He also works as an apartment manager for Bahme Partnership, dedicating about 10-20% of his time to property repairs and maintenance since 1985.
Employment History
Current Registrations
Lifetime Financial, INC.
Previous Registrations
Horter Investment Management, LLC
State Registrations1 state
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