Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- 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
- Charitable Organizations
- State & Municipal Govt Entities
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Wealthplan Partners Overview
Wealthplan Partners is a fee-only investment advisory firm based in Omaha, Nebraska. The firm has been in business since 2019 and exclusively focuses on providing investment advice to its clients. This means that the firm does not earn any commissions or compensation from the sale of financial products, ensuring that their advice is unbiased and solely in the best interest of their clients. Their services include financial planning for individuals and small businesses, portfolio management, pension consulting services, and selection of other advisors. Wealthplan Partners caters to a wide range of clients, including both individual and institutional investors and businesses. The firm's portfolio management services are comprehensive, catering to the needs of both individuals, small business owners, and institutional clients. Wealthplan Partners' pension consulting services help businesses and organizations design and manage their employee retirement plans. They also offer selection services for other advisors, ensuring clients have access to the best investment professionals in the field. Overall, Wealthplan Partners is a top-notch investment advisory firm that offers comprehensive and unbiased financial advice to all its clients. With a focus on fee-only services and their commitment to client satisfaction, they're a trusted partner to investors who wish to secure their financial future.
WEALTHPLAN PARTNERS serves a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, state or municipal government entities, and other types of corporations not listed. The firm prides itself on providing tailored financial planning and investment advice that caters to the unique needs and goals of each client. To accommodate varying preferences and needs, WEALTHPLAN PARTNERS offers several fee structures depending on the service provided. Clients who engage the firm to manage their assets typically pay a percentage of assets under management (AUM) as the fee. For clients who require more specialized services, such as tax planning or estate planning, the firm may charge an hourly rate. In some cases, a fixed fee may be appropriate, especially for one-time projects like financial planning for a charitable organization. Whatever the fee arrangement, WEALTHPLAN PARTNERS is fully transparent and upfront about its charges and is committed to delivering exceptional value to its clients.
Typical Clients, Fee Structures & Investment Minimum
The note in the Part 2 Brochure for WealthPlan Partners mentions multiple investment minimums for their different programs. For the Financial Advisors Program, the recommended minimum account size is $25,000. In the Managed Opportunities Program, the minimums vary depending on the type of portfolio. The minimum for Managed Opportunities Fund Strategist Portfolios is $50,000, while the minimum for Managed Opportunities Separate Account Portfolios is $100,000. The minimum for Managed Opportunities Unified Managed Account Portfolios is $150,000 and for Managed Opportunities Advisory Directed Account Portfolios, it is $50,000.
How This Office Can Help Woodmere, OH Residents
Strategic Financial Services provides a wide range of financial services to clients in Norwood, MA, tailored to meet the specific needs of each individual or business. For someone living in Norwood, MA, common financial situations can include planning for retirement, managing debt, creating a budget, or setting up investments. Strategic Financial Services offers solutions to these and many more financial challenges, such as tax planning, estate planning, and insurance planning. The financial experts at Strategic Financial Services understand that every person has different financial goals, needs, and concerns. This is why they work collaboratively with each client to design a customized financial plan that fits their unique situation. Whether the client is starting a family and needs advice on how to budget expenses or a business owner planning for expansion, Strategic Financial Services can provide valuable insights and guidance to help clients achieve their financial objectives effectively.
Services Offered by Wealthplan Partners
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 Wealthplan Partners 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
Wealthplan Partners is registered to service clients in the following states:
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Illinois
- Indiana
- Iowa
- Kansas
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- South Dakota
- Tennessee
- Texas
- Virginia
- Washington
- Wisconsin
Disciplinary History
Wealthplan Partners does not have any disclosures. Please visit it's Form ADV for more details.