Financial Planning Services, Inc
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Overview
Financial Planning Services, Inc is a financial advisor company based in Charlotte, North Carolina. It oversees $132.5 million in assets under management across 340 customer accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). The company has a small team, including 1 financial advisor. Financial Planning Services, Inc does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as equities, options and bonds.
Financial Planning Services, Inc oversees all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make transaction decisions without requiring the client's permission. Financial Planning Services, Inc's typical account size is $389,706. An average financial advisor at Financial Planning Services, Inc manages around 340 client accounts.
Financial Planning Services, Inc's central office is located at 6100 Fairview Road, Charlotte, North Carolina 28210. The firm is permitted to serve investors throughout a few states, including California, Florida and North Carolina.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Financial Planning Services, Inc by the Numbers
$132.5 million
1
340
$389.7 thousand
Products and Services
Services offered by Financial Planning Services, Inc include financial planning services and portfolio management for individuals and small businesses. In the last fiscal year, the company provided 51-100 of its customers with financial planning services. The company does not sell products or offer services apart from investment advice to its investment advisory clients.
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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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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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advisory services depend on the type of services provided. However, fee types billed by the firm most likely are comprised of some combination of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Financial Planning Services, Inc.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Financial Planning Services, Inc provides services to retail investors and high net worth investors. Out of its 340 clients, Financial Planning Services, Inc's largest client is retail investors, though it also serves 45 high-net-worth individuals. The SEC defines a high-net-worth individual 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 firm's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 33.33%
- Other Individuals - 66.67%
- 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
Financial Planning Services, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.