Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Educational Seminars & Workshops
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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Strategic Planning Group Overview
Strategic Planning Group is a fee-only registered investment advisory firm that has been in business since 2018. The firm operates out of its headquarters in Bountiful, UT, offering a range of investment advice services exclusively. Its fee-only business model ensures that clients only pay for the advice and guidance they receive, with no hidden commissions or other conflicts of interest. At Strategic Planning Group, the team is dedicated to helping individuals and small businesses meet their financial goals through a range of services. They offer financial planning expertise to clients, designing customized plans and providing guidance to help clients achieve their objectives. The firm also provides portfolio management services, offering clients access to tailored investment strategies designed to maximize returns while minimizing risk. In addition to its core services, Strategic Planning Group also provides pension consulting services. The firm can help clients navigate the complexities of pension planning, ensuring their plans are structured correctly and subject to the appropriate legal and regulatory requirements. Finally, the firm offers educational seminars and workshops on a range of financial topics, empowering clients with the knowledge they need to make sound investment decisions.
STRATEGIC PLANNING GROUP caters to a diverse range of clients, ranging from individuals to high net worth individuals, as well as pension or profit-sharing plans. With an extensive client base, STRATEGIC PLANNING GROUP has experience in managing various assets with diverse strategies. Their services are tailored to the requirements of each client. Whether it is an individual or a large pension fund, STRATEGIC PLANNING GROUP provides personalized and quality service for their clients. When it comes to fees, STRATEGIC PLANNING GROUP offers different structures depending on the service provided. Clients have the option to choose from a percentage of Assets Under Management (AUM), hourly rates, or fixed fees. AUM-based fees are calculated as a percentage of the value of the assets managed by STRATEGIC PLANNING GROUP. Hourly rates refer to fees charged for specific services or projects, typically for clients who require consulting or advisory services for a limited period. Fixed fees, on the other hand, are charged for specific services or projects and are not tied to the value of assets under management or time spent. With these flexible fee structures, STRATEGIC PLANNING GROUP ensures that clients can choose the option that best suits their needs and budget.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Strategic Planning Group does not mention an investment minimum.
How This Office Can Help Wellesley, MA Residents
Strategic Planning Group is committed to providing comprehensive financial planning services to clients in Wellesley, MA. With a focus on education and collaboration, the team at Strategic Planning Group offers personalized support for each client’s unique financial situation. Whether you are nearing retirement, starting a family, or managing a business, their experienced financial advisors can help you navigate the complexities of your finances and create a roadmap for achieving your financial goals. Located just outside of Boston, Wellesley is an affluent community where many residents have complex financial situations. With high property values and a relatively high cost of living, many people in Wellesley may be facing a variety of financial challenges. These challenges may include planning for retirement, managing investments, understanding taxes, and creating an estate plan. The team at Strategic Planning Group understands the unique financial landscape of the area and is well-equipped to help clients address their financial concerns.
Services Offered by Strategic Planning Group
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 Strategic Planning Group 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
Firm Headquarters
This firm has no other locations.
State Registrations
Strategic Planning Group is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Idaho
- Nevada
- Texas
- Utah
- Washington
Disciplinary History
Strategic Planning Group does not have any disclosures. Please visit it's Form ADV for more details.