Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Alpha Financial Partners LLC Overview
Alpha Financial Partners LLC is a fee-only registered investment advisory firm that specializes in investment advice only. Established in 2020, the firm is headquartered in Lexington, KY. The firm provides financial planning, portfolio management for individuals and small businesses, and pension consulting services. Alpha Financial Partners LLC prides itself on offering clients access to a wide range of financial solutions to meet their investment needs. As a fee-only investment advisory firm, Alpha Financial Partners LLC is solely compensated by its clients and does not receive any commissions or fees from third parties. This fee arrangement ensures that clients receive objective and unbiased advice that is in their best interest. The firm serves clients in the Lexington, KY area and beyond. Alpha Financial Partners LLC offers a comprehensive suite of investment advisory services, including financial planning, portfolio management for individuals and small businesses, pension consulting services, and the selection of other advisors. The firm works closely with its clients to understand their unique investment goals, risk tolerance, and financial needs. With decades of combined experience in the investment industry, the team at Alpha Financial Partners LLC is dedicated to providing personalized investment solutions to help clients achieve their financial objectives.
ALPHA FINANCIAL PARTNERS LLC caters to a diverse range of clients. The firm offers their services to individuals seeking professional financial advice, as well as catering to high net worth individuals, pension, or profit sharing plans. Furthermore, they have experience serving a myriad of different clients, highlighting their ability to accommodate varying financial needs. When it comes to charging clients, ALPHA FINANCIAL PARTNERS LLC offers a range of fee structures to choose from depending on the type of service required. Their fee structures include a percentage of Assets Under Management (AUM), hourly, and fixed fees. These varying payment options allow clients to choose the fee structure that best suits their needs and budget. The percentage of AUM fee structure charges a percentage of a client's investment portfolio, while the hourly fee structure charges an hourly rate for services rendered. The fixed fee structure charges a set amount for the services provided. ALPHA FINANCIAL PARTNERS LLC offers these different payment options to ensure their clients have access to flexible and affordable financial services.
Typical Clients, Fee Structures & Investment Minimum
Alpha Financial Partners LLC does not impose a minimum account or relationship size on its clients. However, the firm does require a minimum quarterly fee of $250 to maintain an advisory relationship, as stated in their Part 2 Brochure note about investment minimums.
How This Office Can Help Nicholasville, KY Residents
Alpha Financial Partners is a financial advisory firm that offers personalized financial planning services to clients in Nicholasville, KY. The firm is focused on providing tailored solutions to clients in different stages of life, whether they are just starting their careers, planning for retirement or facing complex financial situations such as divorce or inheritance. Clients in Nicholasville, KY can benefit from the expertise of Alpha Financial Partners in areas such as retirement planning, investment management, tax planning, estate planning, insurance planning, and risk management. The team at Alpha Financial Partners has extensive knowledge of the local financial markets and regulations, ensuring that clients receive personalized advice and support. By working closely with clients, the firm can develop a customized financial plan that takes into account their unique needs and goals. Whether clients need help to grow their wealth, protect their assets, or plan for the future, Alpha Financial Partners is committed to helping them achieve their financial objectives.
Services Offered by Alpha Financial Partners LLC
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 Alpha Financial Partners LLC 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
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Alpha Financial Partners LLC is registered to service clients in the following states:
- Kentucky
- Tennessee
- Texas
Disciplinary History
Alpha Financial Partners LLC does not have any disclosures. Please visit it's Form ADV for more details.