Laurel Wealth Planning offers continuous investment management and personalized financial planning services for individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and corporations. Founded in 1998 and based in Edina, Minnesota, the firm builds customized portfolios using individual stocks, bonds, mutual funds, and exchange-traded funds based on each client's unique goals, risk tolerance, and time horizon. Laurel Wealth Planning acts as a registered investment advisor and is legally required to act in your best interest at all times. In addition to managing investments, the team provides guidance across various financial disciplines, including retirement planning, tax reduction strategies, executive compensation, education funding, risk management, and general estate planning discussions. Portfolios are managed on both discretionary, where the team makes trades without asking first, and non-discretionary bases. The firm also selects and monitors third-party money managers when appropriate.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $200K | 1.25% |
| $200K - $500K | 1.00% |
| $500K - $1.3M | 0.90% |
| $1.3M - $2.3M | 0.85% |
| $2.3M - $4.3M | 0.70% |
| $4.3M - $7.8M | 0.60% |
| $7.8M - $20.0M | 0.50% |
| $20M+ | 0.50% |
Fees are negotiable at the advisor's discretion for accounts over $20,000,000 or based on client complexity and related household holdings. Subject to a minimum annual fee of $7,500.