Liberty Financial Planning, Inc. is an independent registered investment advisor founded in 2001 and located in Canton, Michigan. Liberty specializes in providing objective, fee-only financial planning and consulting services to individuals and families. The firm operates strictly on an hourly fee or fixed annual retainer basis and does not sell financial, legal, or insurance products, nor does it manage client investment portfolios directly or take custody of client funds. Liberty helps clients create comprehensive written financial plans covering emergency reserves, retirement, education, taxes, insurance, and household cash flow. Clients retain absolute control over their investments and final decision-making. Liberty emphasizes avoiding conflicts of interest by refusing commissions, third-party referral fees, and percentage-based asset management fees.
Fee Structure
Liberty Financial Planning charges an annual retainer between $100 and $10,000, paid in equal monthly installments, for ongoing financial consulting services. This service includes:
- Periodic reviews and reports on investment portfolios with recommendations for changes or rebalancing
- Assistance with implementing financial plan recommendations
- Tax planning advice and review of investment income and capital gains
- Advice on allocating investment capital across taxable and tax-deferred accounts
- Annual review meetings to discuss progress and adjust strategies based on life changes
- Hourly financial planning — $200 per hour for comprehensive written financial plans covering emergency funds, retirement, education, investments, taxes, and estate planning needs
- Additional consulting or plan updates — billed at the standard $200 hourly rate or arranged as a fixed fee