Mitchell Financial Planning is a solo advisory firm founded in 2016 and located in Culver City, California. The firm specializes in providing personalized financial planning and investment advice to individuals on an hourly basis. Mitchell Financial Planning operates strictly as a fee-only practice, meaning no commissions or third-party product sales fees are ever accepted, avoiding common conflicts of interest. The firm does not manage portfolios directly or act as a custodian of client assets; instead, clients maintain full control of their accounts at recommended discount brokerages like Charles Schwab or E*Trade. Advisory services cover a comprehensive range of topics, including net worth and cash flow statements, investment analysis and asset allocation, retirement strategies, tax planning, insurance reviews, estate planning, and education funding. Investment recommendations are grounded in Modern Portfolio Theory and use a core-and-satellite approach involving low-cost mutual funds and exchange-traded funds. There are no minimum asset or income requirements, making the firm accessible to individuals seeking standalone project-based or hourly advice.
Fee Structure
- Hourly consulting and financial plan creation — $200 per hour, billed based on the time spent producing a financial plan or providing financial advice.