1st Financial Planning Group was founded in 2007 and began offering investment advisory services in 2015. The firm offers qualified plan consulting services on an hourly basis. 1st Financial Planning Group also refers clients to third-party money managers, acting as a liaison between the client and the money manager. Michael Busico is the sole owner.
Fee Structure
1st Financial Planning Group refers clients to Gradient Investments, LLC, a third-party money manager. The fees for these services are based on a percentage of the value of your portfolio and are negotiable. 1st Financial Planning Group receives a portion of the fee charged by Gradient Investments.
Gradient Investments offers several portfolio options, each with a different annual fee:
- Strategic Portfolios: 2.00% per year
- Tactical Portfolios: 1.80% per year
- Allocation & Defined Outcome Portfolios: 1.70% per year
- Preservation Portfolios: 1.00% per year
- Private Wealth Portfolios: 1.50% per year
For Client Directed Accounts, Gradient Investments charges a flat fee of $300 per year, and 1st Financial Planning Group does not receive any portion of this fee.