Life Story Wealth Planning LLC offers wealth management services that include both investment management and financial planning. The firm creates personalized investment plans based on clients' goals and risk tolerance, primarily using stocks, bonds, mutual funds, and ETFs. At no additional fee, clients also receive a financial plan covering areas like net worth, cash flow, insurance, retirement, college, and estate planning. Life Story Wealth Planning is a fee-only firm, meaning it only receives compensation from clients for its services.
Fee Structure
Life Story Wealth Planning charges an initial fee of 2% of the assets they manage, capped at $50,000, to construct a comprehensive financial plan. In addition, they charge a performance-based fee equal to 30% of the gross profits, adjusted for deposits and withdrawals made during the year, and subject to Life Story Wealth Planning’s high water bench mark of 1.5% quarterly. The minimum account size requirement for Clients in a performance-based fee plan is $1,100,000.