Planning Works Advisory, Inc
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Overview
Planning Works Advisory, Inc is a financial advisory company based in Austin, Texas. It controls $137.6 million in total assets throughout 560 accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). Planning Works Advisory, Inc has a small group, including 3 financial advisors. Planning Works Advisory, Inc is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal investments like bonds, stocks and options.
Planning Works Advisory, Inc administers most of the company's accounts in a discretionary manner. Discretionary management signifies that transaction decisions for the client's account are made by an investment advisor without requiring the customer's consent. The firm also administers 109 non-discretionary accounts totaling $9.7 million in AUM. Planning Works Advisory, Inc oversees an average of $245,799 in assets for each account. The typical financial advisor at Planning Works Advisory, Inc oversees around 187 client accounts.
Planning Works Advisory, Inc's main office is at 9442 North Capital Of Texas Highway, Austin, Texas 78759. It is legally permitted to serve clients in the state of Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Planning Works Advisory, Inc by the Numbers
$137.6 million
3
560
$245.8 thousand
Products and Services
Financial services offered by Planning Works Advisory, Inc include financial planning services and portfolio management for individuals and small businesses. However, Planning Works Advisory, Inc did not provide financial planning services to any of its accounts in the prior financial year. The firm is not engaged in selling products or offering services other than investment advisory services to its investment advisory accounts.
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 management typically vary depending on which services the firm provides the client. Fee types billed by Planning Works Advisory, Inc can include 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 the firm.
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
It caters to retail investors and high net worth investors. Out of its 560 customers, Planning Works Advisory, Inc's largest client type is high net worth investors, although it also serves 68 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $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 accounts reside abroad.
- High-Net-Worth Individuals* - 50%
- Other Individuals - 50%
- 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
Planning Works Advisory, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Planning Works Advisory, Inc
Austin, TX
Austin, TX
Austin, TX
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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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