Retirement Planning Specialists - Midwest, LLC (RPS) refers clients to third-party money managers (TPMs) to manage their investments. RPS helps clients select a TPM based on their financial situation and goals, and then monitors the TPM's performance. RPS also offers financial planning and consulting services on an hourly basis, covering topics like retirement, taxes, and estate planning. RPS does not manage client assets directly.
Fee Structure
Retirement Planning Specialists - Midwest, LLC (RPS) does not directly manage investments. Instead, RPS refers clients to Gradient Investments, LLC (GI), who manages the investments. GI charges a percentage of the assets under management. RPS receives a portion of GI's fee for the referral. The client's total fee is:
- Strategic Portfolios: 2.00% annually (1.00% to GI, 1.00% to RPS)
- Tactical Portfolios: 1.80% annually (0.80% to GI, 1.00% to RPS) plus 0.20% internal ETF fee
- Allocation & Defined Outcome Portfolios: 1.70% annually (0.70% to GI, 1.00% to RPS)
- Preservation Portfolios: 1.00% annually (0.40% to GI, 0.60% to RPS)
- Client Directed Accounts: Flat fee of $300 annually to GI, $0 to RPS
These fees are negotiable and assessed quarterly.