Masters Legacy Planning (MLP) provides investment management on a discretionary basis, charging a fee based on the value of your portfolio. They also offer financial planning and consulting services for a separate fee. MLP uses Commonwealth Financial Network for program infrastructure. MLP may recommend insurance products through its licensed agents, creating a conflict of interest. Clients are not obligated to purchase insurance through MLP.
Fee Structure
Masters Legacy Planning's investment management fee is a percentage of the value of your portfolio, up to a maximum of 1.25% annually. This fee includes investment advice and, if requested, financial planning. The fee is negotiable. MLP also offers access to Commonwealth's PPS Custom, PPS Select, and PPS Direct programs, each with its own fee structure. Fees are calculated quarterly, in advance, based on the portfolio's value at the end of the previous quarter.