Core Financial Planning is an independent registered investment advisor founded in 2008 and based in Bloomfield Hills, Michigan. Core Financial Planning provides personalized, commission-free financial planning, tax planning, and tax preparation services to individuals and families. The firm operates under a strict legal obligation to act in your best interest, offering objective advice without selling products or accepting commissions. Core Financial Planning focuses on disciplined asset allocation, retirement planning, estate planning, education funding, cash flow management, and risk management. The firm offers two primary service agreements: a Comprehensive Planning Agreement for ongoing, holistic guidance with regular meetings, and a Limited Planning Engagement for focused advice on specific financial topics. Core Financial Planning does not manage investment portfolios directly through discretionary trading authority, but rather provides strategic investment recommendations and portfolio analysis that clients implement.
Fee Structure
Core Financial Planning charges an annual fee for ongoing comprehensive financial planning, which covers regular meetings throughout the year, investment advice, retirement planning, tax planning, and tax preparation.
- Initial Year Fee — Ranges from $3,100 to $25,000 or more, depending on your income, marketable assets, and the complexity of your financial situation.
- Renewal Years Fee — Determined at the time of your annual renewal and can be higher or lower than the initial year fee.
- Limited Planning Engagement — $500 to $3,500 depending on complexity, allowing you to select up to three specific financial planning topics for an intensive planning session over a two- to three-week period.