Lifelong Investments is a financial advisory firm that helps individuals and families with financial planning and investment strategy. Lifelong Investments does not manage your portfolio directly; instead, they refer you to independent third-party money managers who handle the actual trading and investing. For investment management, Lifelong Investments is compensated through a referral fee paid by those third-party managers. In addition to investment guidance, Lifelong Investments offers hourly consulting for specific financial questions and negotiated flat fees for comprehensive financial plans using specialized planning software. Lifelong Investments also has licensed insurance agents on staff who can sell insurance products, which generates commissions and creates a potential conflict of interest. Lifelong Investments serves individuals, families, and trusts with no minimum account size required.
Fee Structure
Lifelong Investments offers annual financial plan reviews where clients can meet with their advisor once per year to ensure their investments and financial plans align with their current goals. However, there is no separate ongoing planning retainer fee mentioned; ongoing reviews are handled as needed or through separate engagements.
- Hourly consulting and research — $100 per hour for looking into a particular financial situation
- Comprehensive financial plan — Negotiated flat fee based on the scope of the plan