Lifeplan Financial, LLC
Assets Under Management
$122.3M
Number of Clients
251
Number of Advisors
2
Average Client AUM
$487K
AUM per Advisor
$61.1M
Compensation
Fee-Only (AUM)
About This Firm
LifePlan Financial LLC manages advisory accounts on a discretionary basis, guided by client objectives. They offer investment supervisory services, including for variable annuities. The firm also provides financial planning services, including retirement, estate, and tax planning. They work with attorneys and CPAs to create coordinated plans.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| $0K - $100K | 1.95% |
| $100K - $250K | 1.70% |
| $250K - $1.0M | 1.45% |
| $1.0M - $2.0M | 1.20% |
| $2M+ | 1.00% |
Fees may be negotiable in certain circumstances.
Fee Estimator
Investment supervisory fees are based on a percentage of assets under management, as detailed in the fee table. Accounts holding variable annuities only are charged 1.00% annually, and these values are not included in the household's management fee tier calculation. Fees may be negotiable in certain circumstances. Consulting fees range from $125 to $300 per hour, depending on the nature and complexity of the client's circumstances. Financial and estate planning fees are negotiated for non-clients based on plan complexity.
Areas of Practice
Location
226 N. Broad Street, Mankato, MN, 56001