LifeCare Retirement Solutions provides financial planning services, including reviews of wills, estate plans, investments, taxes, insurance, retirement income, Social Security, college planning, divorce planning, long-term care planning, and Medicare/Medicaid planning. LifeCare also refers clients to third-party investment managers (TPMs) and acts as a liaison between the client and the TPM. LifeCare does not manage client assets directly.
Fee Structure
LifeCare Retirement Solutions does not directly manage client investments. Instead, LifeCare refers clients to third-party investment managers (TPMs) such as Gradient Investments. Gradient Investments offers various portfolios, including Strategic, Tactical, Allocation & Defined Outcome, Preservation, and Private Wealth portfolios. The annual fee for these portfolios ranges from 1.00% to 2.00% of the portfolio value, depending on the portfolio type. LifeCare receives a portion of this fee, typically 1.00% or 0.60%, as a referral fee. There is also a $15 quarterly service fee for technology and reporting.