Florida Estate and Retirement Planning Advisors offers financial planning services and refers clients to third-party money managers (TPMs) like SEI and Curian. They act as a liaison between the client and the TPM, helping with paperwork and providing ongoing service. The firm's managing member is also a licensed insurance agent, which presents a potential conflict of interest.
Fee Structure
Florida Estate and Retirement Planning Advisors does not directly manage your investments. Instead, they connect you with third-party money managers (TPMs) like Curian and SEI. You'll pay the TPM directly based on their fee schedule, which Florida Estate and Retirement Planning Advisors will disclose to you before you sign any agreements. Florida Estate and Retirement Planning Advisors receives a portion of the fees you pay to the TPM as a referral fee.
For Curian, Florida Estate and Retirement Planning Advisors' fee is between 1% and 1.5%, negotiated at the time of establishing the account. For SEI, the servicing fee will not exceed 1.35% of the account's value on an annual basis.