Third Act Financial Planning is a registered investment advisor founded in California in 2026 by Steven Wells. The firm provides personalized investment management and comprehensive financial planning services to individuals and high-net-worth clients. Third Act Financial Planning operates on a fee-only basis, meaning compensation comes solely from clients rather than commissions or product sales. Investment management services involve creating custom portfolios using stocks, bonds, mutual funds, and exchange-traded funds based on each client's specific goals, time horizon, and risk tolerance. Financial planning covers a broad range of topics including retirement planning, tax strategies, estate planning, cash flow and debt management, business planning, employee benefits optimization, education funding, insurance review, and risk management. Clients can engage the firm for ongoing financial planning or specific, project-based financial planning projects. Third Act Financial Planning uses independent custodians such as Charles Schwab and Altruist to hold client accounts and executes trades on both a discretionary and non-discretionary basis.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 0.80% |
| $500K+ | 0.50% |
Fees are negotiable. Household accounts may be aggregated. Minimum annual fee of $2,500 applies.