Lakeshore Financial Planning Inc
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Overview
Lakeshore Financial Planning Inc is a financial advisory firm headquartered in Saint Clair Shores, Michigan. It has $313.8 million in assets across 1,244 customer accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). Lakeshore Financial Planning Inc has a small group, including 4 financial advisors. Lakeshore Financial Planning Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets like bonds, options and equities.
Lakeshore Financial Planning Inc manages all of its client assets on a discretionary basis. Discretionary management means that buy and sell choices are made by a portfolio manager without requiring the customer's permission. The advisory firm oversees roughly $252,262 for each client account. An average financial advisor at Lakeshore Financial Planning Inc manages about 311 client accounts.
The company's central office is located at 23201 Jefferson Ave, Saint Clair Shores, Michigan 48080. The company is allowed to serve investors throughout a few states, including Arizona, California, Florida, Illinois, Michigan, New Hampshire, Ohio and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Lakeshore Financial Planning Inc by the Numbers
$313.8 million
6
1,244
$252.3 thousand
Fee Structure
Financial advisory fees typically depend on which service is offered. Fees charged by the firm typically consist of the following fee structure: asset-based. The company does not supply a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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
-
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 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Lakeshore Financial Planning Inc works with retail investors and high net worth investors. Out of its 1,244 customers, Lakeshore Financial Planning Inc's largest client type by number of accounts is retail investors, though it also manages money for 86 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 at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 18.03%
- Other Individuals - 81.97%
- 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
Lakeshore Financial Planning Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Lakeshore Financial Planning Inc
Saint Clair Shores, MI
Saint Clair Shores, MI
Saint Clair Shores, MI
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