Thoughtful Financial Planning, LLC

CRD#171525
Investment Advisor Firm

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Overview

Thoughtful Financial Planning, LLC operates as a financial advisory company headquartered in Minneapolis, Minnesota. The firm oversees $838.2 thousand in assets throughout five customer accounts. Thoughtful Financial Planning, LLC has a small team of one employee who is a financial advisor. Thoughtful Financial Planning, LLC is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are tradable financial assets such as options, bonds and stocks.

Thoughtful Financial Planning, LLC administers zero of its accounts on a discretionary basis. Discretionary management is a structure in which transaction choices are made by a portfolio manager without requiring client consent. The company also administers five non-discretionary accounts totaling $838,213 in AUM. Thoughtful Financial Planning, LLC administers roughly $167,643 for every client account. $2,500,001 to $5,000,000 of its investments for financial planning services were in securities, with under $100,000 placed in non-securities. The average advisor at Thoughtful Financial Planning, LLC manages about five client accounts, making it one of the most personalized firms in the country.

The firm's central office is at 314 Clifton Avenue, Minneapolis, Minnesota 55403. It is legally allowed to provide services to clients in the state of Minnesota.

Number of Advisors

1

Disclosures

No

Office Location

314 Clifton Avenue
Minneapolis, MN 55403

Thoughtful Financial Planning, LLC by the Numbers

Total Number of Employees

1

National Average: 4,943
Total Number of Accounts

5

National Average: 2,522
Average Account Size

$167.6 thousand

National Average: $1.3 million

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Products and Services

Financial services offered by Thoughtful Financial Planning, LLC can include financial planning services and portfolio management for individuals and small businesses. In the prior fiscal year, the company provided financial planning services to 26-50 of its clients. The company is not involved in selling products or offering services apart from investment advisory services to its investment advisory accounts.

Core Advisor Services

  • Offered by 45% 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 63% 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 advisory services typically depend on which services are provided. Fee types billed by the company can consist of any blend of the following fee types: asset-based, hourly or fixed. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee. The company is able to withdraw its expenses directly from customer accounts.

Available

  • Offered by 75% of firms

    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.

  • Offered by 37% 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 40% 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 3% 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 17% 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 1% 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 12% 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

Thoughtful Financial Planning, LLC caters to retail investors. Out of its five accounts, Thoughtful Financial Planning, LLC's biggest client type is retail investors. None of the firm's clients reside abroad.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • 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

Thoughtful Financial Planning, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA