Balanced Financial Planning, Inc

CRD#128161
Investment Advisor Firm

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Learn more about Balanced Financial Planning, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Balanced Financial Planning, Inc is located at 6701 W. 64th Street, Mission, KS. The firm employs 2 financial advisors to manage client portfolios and provide financial guidance. Balanced Financial Planning, Inc is not a registered broker-dealer.

    Balanced Financial Planning, Inc oversees $155.9 million in assets under management across 84 accounts, of which 48 are discretionary and 36 are non-discretionary. Over the past year, the firm has provided financial planning services to between 101 and 250 clients. The services offered include financial planning services and portfolio management for individuals and small businesses. The firm caters to retail investors and high net worth investors, with high net worth investors being the largest client type by accounts. The fee structure at Balanced Financial Planning, Inc includes hourly and fixed fees. The firm has 50 high net worth clients.

    Balanced Financial Planning, Inc is registered in the states of Kansas, Missouri, Nebraska, and Texas.

    Assets Under Management

    $155.9 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    6701 W. 64Th Street
    Mission, KS 66202-4091

    Balanced Financial Planning, Inc by the Numbers

    Total Assets Under Management

    $155.9 million

    National Average: $8.6 billion
    Total Number of Employees

    4

    National Average: 64
    Total Number of Accounts

    84

    National Average: 375,227
    Average Account Size

    $1.9 million

    National Average: $23.0 thousand
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    Products and Services

    Services provided by Balanced Financial Planning, Inc can include financial planning services and portfolio management for individuals and small businesses. In the past fiscal year, Balanced Financial Planning, Inc provided 101-250 of its customers with financial planning services. The Firm does not sell products or offer services apart from investment advisory services to its investment advisory clients.

    Core Advisor Services

    • 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.

    • 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.

    • 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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    Fee Structure

    Fees for financial management typically depend on which services are provided. Fees charged by Balanced Financial Planning, Inc most likely consist of some blend of the following fee types: hourly or fixed.

    Available

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 69% of firms that offer this fee type

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company works with retail investors and high net worth investors. Out of its 2 clients, Balanced Financial Planning, Inc's biggest client type by number of accounts is high net worth investors, although it also caters to 50 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 59.52%
    • Other Individuals - 40.48%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * 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

    Balanced Financial Planning, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Balanced Financial Planning, Inc

    Rosemary Danielson
    Mission, KS
    Jo Fritz
    Mission, KS

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