Financial Planning Services
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Overview
Financial Planning Services is a financial advisor firm that has its headquarters in Fort Wayne, Indiana. Financial Planning Services controls $98.3 million in assets under management over 677 client accounts. The firm has a small team, including 4 financial advisors. Financial Planning Services does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments such as stocks, bonds and options.
Financial Planning Services manages more than half of its accounts on a discretionary basis. Discretionary management signifies that transaction judgments for the client's account are made by an investment advisor without needing the client's authorization. The company also manages 19 non-discretionary accounts with a total of $3.9 million in assets under management. The investment advisory firm's typical account size is $145,212. The typical financial advisor at Financial Planning Services manages about 169 client accounts.
The firm's headquarters is located at 6920 Pointe Inverness Way, Fort Wayne, Indiana 46804. Financial Planning Services is permitted to serve investors throughout 3 states, including Indiana, Ohio and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Financial Planning Services by the Numbers
$98.3 million
4
677
$145.2 thousand
Products and Services
Financial Planning Services offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses and educational seminars. In the last fiscal year, the company provided financial planning services to 51-100 of its clients. The firm does sell products or offer services other than investment advisory services to its customers.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees usually depend on the type of financial services provided. Fee types billed by the company most likely include any blend of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Financial Planning Services.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with retail investors, high net worth investors, pension plans and charitable organizations. Out of its 677 accounts, Financial Planning Services's biggest client type by number of accounts is retail investors, though it also serves 30 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 8.5%
- Other Individuals - 90.93%
- Corporations - 0.28%
- Charitable Organizations - 0.28%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Financial Planning Services does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Financial Planning Services
Fort Wayne, IN
Fort Wayne, IN
Fort Wayne, IN
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