PLP Advisors, LLC is a registered investment advisor established in May 2010 and majority-owned by Frederick Gearhart, with offices in Michigan and Florida. The registered investment advisor helps clients establish investment objectives and coordinates ongoing investment management through third-party advisors, such as Luminist Capital, while acting as the primary financial advisor. In addition to investment management oversight, PLP Advisors provides comprehensive financial planning services covering cash management, risk management, estate planning, tax issues, retirement planning, and educational funding. The registered investment advisor also offers financial plan reviews and consultations. PLP Advisors does not directly manage client portfolios or custody assets, relying instead on qualified custodians and third-party managers to handle trading and execution. Representatives of PLP Advisors may also act as independent insurance agents or sell precious metals through affiliated entities, which creates separate compensation arrangements and potential conflicts of interest.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.90% |
| $500K+ | 1.00% |
The annual fee includes the third-party advisor's maximum annual fee of 0.50%. Fees are negotiable and accounts in the same household are aggregated.