Lanning Financial specializes in financial planning and helping clients make decisions with their portfolios. They offer financial planning services covering investment, insurance, income tax, education funding, retirement, estate, business succession, real estate, cash-flow, and long-term care planning. Lanning Financial also assists clients in selecting third-party money managers to manage their portfolios, taking into consideration their financial situation and risk tolerance. Clients are required to become an investment advisory client to have access to financial planning services.
Fee Structure
Lanning Financial does not directly manage investments. Instead, they help clients select third-party money managers. The money managers pay Lanning Financial a fee quarterly from client accounts. Total fees, including the money manager's fee and a platform fee, will never exceed 1.95% per year.
The total fee ranges are:
- $2,000,001 to $3,000,000: Between 1.08% to 1.95% per year
- $3,000,001 to $5,000,000: Between 0.98% to 1.85% per year
- Over $5,000,001: Customized