Life Planning Partners is a registered investment advisor based in Jacksonville, Florida, founded in 2004 and led by principal owner Carolyn McClanahan. The firm specializes in providing comprehensive, personalized financial planning and ongoing investment management tailored to each client's individual needs and lifestyle goals. Their holistic planning approach covers cash flow projections, tax planning, insurance reviews, estate planning, and investment strategy. Life Planning Partners focuses on globally diversified portfolios utilizing low-cost mutual funds, exchange-traded funds, and individual bonds. In addition to individual wealth management, Life Planning Partners offers pension consulting services for employee retirement plans and limited advisory consulting on specific financial topics. The firm operates with a strong fiduciary commitment to act in the best interests of its clients and utilizes independent custodians like Fidelity for asset safekeeping.
Fee Structure
Life Planning Partners charges an annual fee for ongoing advisory services that is billed quarterly in advance. While the firm does not have a minimum investment account size, there is a minimum fee of $2,500 per quarter ($10,000 per year). Fees are based on the complexity of your financial needs, including factors such as household members, net worth, life stage, business interests, and real estate ownership. Fees may be negotiable.