Step By Step Financial, LLC is a registered investment advisor based in Tulsa, Oklahoma, founded by Kevin F. Jacobs. The firm helps individuals and households who are in or approaching retirement by combining retirement strategy, investment management, and tax planning into one coordinated approach. Step By Step Financial uses low-cost mutual funds, exchange-traded funds, and individual high-quality bonds to build diversified portfolios. In addition to investment management, the firm provides comprehensive financial planning through a structured 90-day onboarding process and ongoing reviews twice a year. Step By Step Financial partners with Focus Partners Advisor Solutions to handle trade processing, fee collection, and other operational support while retaining the primary advisory relationship with clients. The firm also coordinates with its affiliate, Step By Step Tax Solutions, to address tax planning needs.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $3.0M | 1.00% |
| $3.0M - $6.0M | 0.60% |
| $6M+ | 0.50% |
Fees are negotiable based on legacy arrangements, family relationships, services provided, account complexity, and tenure. A $5,000 minimum annual fee applies to assets-based billing. Clients under $500,000 typically pay a flat annual fee of $5,000 instead.
