Professional Financial Solutions has been in operation since 1997 and is independently owned by Michael McLenigan and Renee Sewall. The firm offers three main services: financial planning, financial consulting, and investment management. Financial planning is typically focused on retirement and results in a written document containing a summary, analysis, and recommendations. Consulting is offered for specific, one-time issues like paying down credit card debt. Investment management services are provided on a fee-only basis primarily to individuals, utilizing mutual funds and exchange-traded funds based on a customized investment policy statement. Professional Financial Solutions also advises on outside accounts such as employer retirement plans. The firm emphasizes a passive investment approach using diversified funds to manage risk. Clients retain absolute discretion over implementation decisions and can impose restrictions on certain securities.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.50% |
| $2M+ | 0.25% |
Fees are not negotiable. No fee is charged on employer retirement plans, 529 plans, or money market investments in taxable accounts.
