Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Wealth Planning Corp Overview
Wealth Planning Corp is a highly reputable, fee-only Registered Investment Advisory firm based in Cincinnati, OH. The company has been providing investment advice exclusively since 1983, making it a well-established leader in the industry. They offer a wide range of investment services, including financial planning and portfolio management for both individuals and small businesses. As a fee-only firm, Wealth Planning Corp prides themselves on their unbiased approach to investing. With no commissions or hidden fees, their clients can be confident knowing that their investment professionals have their best interests at heart. They believe in transparency and offer clear, concise advice to help their clients meet their financial goals in a stress-free way. At Wealth Planning Corp, they understand that every individual and business has unique investment needs. That's why they prioritize personalized attention, with tailored investment solutions for maximum returns. Whether you're looking for financial planning or portfolio management, Wealth Planning Corp offers a wide range of services to meet your every need, no matter how simple or complex.
WEALTH PLANNING CORP caters to a diverse range of clients, from individuals seeking investment advice to high net worth individuals looking for full-service wealth management. Additionally, the firm also caters to charitable organizations wanting to build and grow their endowment. This broad clientele base is a testament to the expertise and depth of knowledge possessed by the firm's team of professionals. Depending on the nature of the service provided and the individual needs of the client, WEALTH PLANNING CORP offers a range of fee structures to suit their clients' preferences. Clients who engage in asset management services are typically charged a percentage of assets under management (AUM). This fee structure takes into account the amount of investment assets the firm manages for the client and is a percentage of the total value of the client's portfolio. For clients seeking more transactional services such as financial planning, retirement planning, and estate planning, fees are charged on an hourly basis. Finally, for clients requiring specialized or ad hoc services, fixed fees may be charged, depending on the scope and complexity of the service provided. Overall, WEALTH PLANNING CORP prides itself on being responsive to the individual needs of each client and ensuring that their services are accessible and tailored to suit each client's needs and preferences.
Typical Clients, Fee Structures & Investment Minimum
The note in WEALTH PLANNING CORP's Part 2 Brochure does not mention an investment minimum.
How This Office Can Help Montgomery, OH Residents
As a wealth management company serving clients in Montgomery, OH, Wealth Planning Corporation provides a range of financial services to address the needs of individuals and families. Many of our clients in Montgomery are facing challenges related to retirement planning, estate planning, tax planning, and investment management. We work closely with our clients to understand their unique financial situations, goals, and objectives, and develop customized plans that can help them achieve their financial aspirations. For those facing retirement planning challenges, we offer comprehensive strategies that encompass all aspects of retirement, from saving for a retirement nest egg to maximizing Social Security benefits. Our estate planning services help clients protect and transfer their wealth to future generations, while minimizing tax obligations. We also offer tax planning and investment management services to help our clients maximize their returns and achieve their financial goals. With our knowledge and expertise, we help our clients navigate complex financial challenges and achieve long-term financial success.
Services Offered by Wealth Planning Corp
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Wealth Planning Corp most likely consist 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
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Wealth Planning Corp is registered to service clients in the following states:
- Colorado
- Florida
- Illinois
- Indiana
- Kentucky
- North Carolina
- Ohio
- Texas
- Washington
Disciplinary History
Wealth Planning Corp does not have any disclosures. Please visit it's Form ADV for more details.