Legacy Planning Advisors is a fee-only financial planning firm founded in 2011 and operated by Certified Financial Planner Paul O. Collinson in Arlington, Virginia. The firm specializes in providing personalized financial planning, life planning, tax preparation, and general investment consultations to individuals, trusts, estates, and small businesses. Legacy Planning Advisors does not manage client investment portfolios, hold client funds as a custodian, or execute trades. Instead, clients maintain full control of their own accounts while receiving strategic advice on retirement, tax strategies, cash flow management, insurance, estate planning, and education funding. The firm operates on an objective, fee-only model with no commissions, product sales, or performance-based fees, ensuring that all guidance is provided strictly in the best interest of the client.
Fee Structure
Legacy Planning Advisors offers an Advisory Service Agreement for ongoing, in-depth financial planning and life planning, with annual fees ranging from $2,500 to $10,000 based on the complexity of your situation. This ongoing service includes:
- Regular reviews of all aspects of your financial affairs
- Cash flow management and goal setting
- Investment consultations and performance reporting
- Retirement, estate, education, and insurance planning
- Tax preparation and electronic filing of eligible federal and state tax returns
- Written quarterly updates including net worth statements and progress summaries
- One-time financial plan — $720 to $6,000 depending on the complexity of your situation, covering net worth statements, cash flow, investment reviews, tax strategies, retirement scenarios, and estate planning
- Hourly planning and implementation — $270 per hour for limited scope advice or follow-on implementation work after a financial plan
- Standalone tax preparation — $270 per hour with a $240 minimum fee, including electronic filing of eligible federal and state returns
