Frequently Asked Questions

Your Questions - Our Answers

What is a Financial Plan?

A Financial Plan is a comprehensive review of your financial life. We focus in on 6 key areas; Financial Position, Insurance, Income Tax, Investments, Retirement Planning and Estate Planning. We start by identifying your goals and objectives. We then look at where you are today vs. where you want to be. The plan evaluates your strengths and weaknesses in each area and makes specific recommendations to give you the highest probability of achieving your goals.

Is there a cost for the first meeting?

There is no charge for our first meeting. We consider this a time to get to know one another. You have an opportunity to evaluate us and we have a chance to determine whether or not we can be of service to you.

What do I need to bring to the first meeting?

Please refer to our Document Checklist for help in gathering the paperwork to bring to your first meeting.

Do I have to have a minimum amount of money to work with you?

We do not measure our clients just by the size of their wallets. However, we have found that we do our best work with a certain type of client. Those clients include:

• Individuals who are committed to developing a comprehensive written strategy and implementing it,
• Are financial delegators so they can spend time doing more meaningful things in life,
• Enjoy the simplicity of having all of their assets with one firm,
• Are enjoyable to work with,
• Have a minimum of $250,000 in investable assets

How do you charge for your services?

We charge a one time project fee to establish the initial financial plan. The fee is based on income, net-worth and plan complexity. The exact amount will be determined at our first meeting.

A retainer fee is charged for subsequent years to monitor your progress.

We charge investment management fees for accounts we actively manage. The fee for this is calculated as a percentage of assets under management. See the LifePlan Financial Advisory Group, LLC ADV for more detail.

All fees are on the surface - never hidden.

What can LifePlan Financial Advisory Group do for me?

We will help you accumulate, grow, protect, and transfer your wealth. We help you gain clarity about what is important to you. We work with you to set goals, develop and implement strategies, monitor your progress and make adjustments when necessary. In essence, we are your partner and coach, advising you so that you have the highest probability of achieving your goals.