LifePlan Wealth Management Group connects clients with third-party investment advisors based on their financial needs. LifePlan tailors the selection of model portfolios to the client's risk tolerance, investment goals, and personal circumstances. LifePlan also offers financial planning services on an as-needed basis. LifePlan partners with Paychex and PlanMember Securities Corp. to broaden services available to advisory clients seeking to establish or change the sponsors of their plans.
Fee Structure
LifePlan Wealth Management Group does not directly manage investments. Instead, they connect you with third-party investment advisors. The total fee you pay is split between LifePlan and the third-party advisor. These fees are calculated as a percentage of your portfolio's value and are negotiated on a case-by-case basis. Here are some examples of the total fees you might pay, depending on which third-party advisor you use:
- PlanMember Securities Corp.:
- 0-$250,000: 2.00%
- $250,000-$499,000: 1.85%
- $500,000-$999,999: 1.70%
- Over $1,000,000: 1.55%
- Verity Asset Management:
- 0-$249,999: 2.00%
- $250,000-$499,000: 1.85%
- $500,000-$999,999: 1.65%
- Over $1,000,000: 1.40%
- AE Wealth Management, LLC:
- 0-$250,000: 1.55%
- $250,000-$500,000: 1.45%
- $501,000-Over: 1.35%