Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- 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
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
- Commissions
Reliant Wealth Planning, LLC Overview
Reliant Wealth Planning, LLC is a registered investment advisory firm that caters to individuals and small businesses seeking financial advice. Since its establishment in 2017, the firm has been operating from its headquarters in Louisville, KY. One of the key features of the firm is its fee-based arrangement, which means clients pay a fee for services rendered by the firm. The firm's business model is centered around providing investment advice and managing portfolios for its clients. As a broker-dealer representative and insurance broker/agent, Reliant Wealth Planning is uniquely positioned to help clients with their investment and insurance needs. Their advisory services are designed to help clients with financial planning, investment management, and insurance planning. In addition to their portfolio management and financial planning services, Reliant Wealth Planning also offers educational seminars and workshops. These seminars are aimed at empowering clients with knowledge about various financial topics, including investing, retirement planning, and wealth preservation. Reliant Wealth Planning's mission is to create tailored financial solutions that help clients reach their financial goals.
RELIANT WEALTH PLANNING, LLC caters to a diverse range of clients, serving the needs of individuals, high net worth individuals, and charitable organizations. The firm is dedicated to offering comprehensive wealth management services and customized financial solutions to its clients. For those clients seeking personalized advice and a tailored approach to their finances, RELIANT WEALTH PLANNING, LLC is equipped to provide just that. With an exceptional client-centric focus, the firm delivers high-quality, value-driven services to each of its clients, ensuring their financial peace of mind. When it comes to fees, RELIANT WEALTH PLANNING, LLC offers a variety of structures to accommodate the unique needs of their clients. Depending on the services provided, clients may opt for a percentage of AUM, fixed fees, or commissions. The firm works closely with clients to determine which fee structure aligns best with their goals and objectives, ensuring full transparency and clear communication throughout the process. Whether seeking investment management, financial planning, or retirement services, RELIANT WEALTH PLANNING, LLC delivers exceptional value at a competitive price-point, consistently earning the trust and loyalty of its growing client base.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for RELIANT WEALTH PLANNING, LLC does not mention an investment minimum.
How This Office Can Help Spencer County, KY Residents
Stone Financial is committed to providing exceptional financial services to clients in Berks County, PA. As a full-service financial firm, we work diligently to help clients navigate a wide range of financial situations, including retirement planning, wealth management, tax planning, estate planning, and more. Living in Berks County, PA can present unique financial challenges, such as managing large retirement portfolios, navigating complex tax laws, and planning for the future transfer of wealth to future generations. Our team of experienced financial advisors works closely with clients to develop customized financial strategies that address their specific needs and goals, while providing ongoing support and guidance along the way. Whether you're just starting out in your career or nearing retirement, we have the expertise and resources to help you achieve financial success.
Services Offered by Reliant Wealth Planning, 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 Reliant Wealth Planning, 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.
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.
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.
Unavailable
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.
Subscription (Newsletter or Periodical)
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
Reliant Wealth Planning, LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- California
- Colorado
- District of Columbia
- Florida
- Georgia
- Illinois
- Indiana
- Kansas
- Kentucky
- Massachusetts
- Minnesota
- Missouri
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Pennsylvania
- Tennessee
- Texas
- Virginia
Disciplinary History
Reliant Wealth Planning, LLC does not have any disclosures. Please visit it's Form ADV for more details.