LifePlan Financial manages investment portfolios and provides comprehensive financial and estate planning services for individuals, trusts, estates, and retirement plans. The firm builds customized portfolios using a multiple-strategy value approach focused on steady growth and lower volatility, typically utilizing Charles Schwab & Co. as custodian. In addition to continuous portfolio management, LifePlan Financial offers specialized estate planning, which includes creating a customized inventory binder for legal and financial documents, as well as retirement, tax, and general financial planning. Clients can also receive hourly consulting on specific financial topics. The firm operates on a discretionary basis, meaning they make trades on behalf of clients without needing prior approval for each individual transaction.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.95% |
| $100K - $250K | 1.70% |
| $250K - $1.0M | 1.45% |
| $1.0M - $2.0M | 1.20% |
| $2M+ | 1.00% |
Variable annuity accounts are charged a flat 1.00%. Fees may be negotiable in certain circumstances.