Family Life Financial Planning offers investment management and comprehensive or modular financial planning services for individuals and families. The firm builds personalized investment portfolios, sometimes utilizing outside money managers, and helps clients establish asset allocation targets based on individual goals, time horizons, and risk tolerance. In addition to investment management, Family Life Financial Planning provides continuous financial planning services covering areas such as retirement planning, cash flow and debt management, tax planning strategies, estate planning, insurance review, college savings, and employee benefits optimization. Clients can also hire Family Life Financial Planning for project-based financial planning, modular financial checkups, hourly consulting, and educational seminars. The firm is owned by Michael J. Kostelnik and operates out of Mentor, Ohio.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $50K | 2.00% |
| $50K - $100K | 1.75% |
| $100K - $250K | 1.25% |
| $250K - $500K | 1.00% |
| $500K - $1.0M | 0.75% |
| $1M+ | 0.50% |
Fees are negotiable and paid monthly in advance. There is an annual minimum fee of $3,000.