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How does the advisor help clients – Key Takeaways:
Key takeaways for clients:
- The Planning Center, Inc. provides comprehensive financial planning services to clients.
- The team of advisors at The Planning Center are experts in various financial areas, including retirement planning, tax planning, and estate planning.
- The firm is a fiduciary, meaning they always act in their clients’ best interests.
Facts and Insights:
Founded in 1981, The Planning Center, Inc. has been providing financial planning services for over 40 years.
The firm is headquartered in Moline, Illinois and has additional offices in six other states across the country.
The team at The Planning Center consists of experienced and knowledgeable advisors who hold various certifications and designations, such as Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), and Certified Public Accountant (CPA).
Assets Under Management, Number of Advisors and Time in Business:
Year | Assets Under Management (AUM) (in millions) | Number of Advisors |
---|---|---|
2021 | $750 | 25 |
2020 | $700 | 23 |
2019 | $650 | 20 |
Financial Services Offered:
The Planning Center, Inc. offers a wide range of financial services to help clients achieve their financial goals. These services include:
- Retirement planning
- Investment management
- Tax planning
- Estate planning
- Insurance planning
- Cash flow management
- Debt management
- Education planning
Client Types:
The Planning Center, Inc. serves a diverse group of clients, including:
- High-net-worth individuals
- Professionals and executives
- Business owners
- Retirees
- Families
Fees & Compensation:
The Planning Center, Inc. charges a fee for their financial planning services. The fee is based on a percentage of the client’s assets under management and is typically between 1% and 1.5%. The firm is transparent about their fees and will provide a detailed breakdown of the costs associated with their services.
Background:
The Planning Center, Inc. was founded in 1981 by Robert Klosterman, who saw a need for comprehensive financial planning services in his community. Over the years, the firm has grown and expanded its services, but their commitment to providing personalized and objective financial advice remains the same.
The firm’s mission is to help clients attain financial peace of mind by providing them with a clear understanding of their financial situation and a roadmap to achieve their goals.
Financial Advisor Disclosures to Know:
As a fiduciary, The Planning Center, Inc. is required to act in the best interests of their clients. They have a legal obligation to disclose any potential conflicts of interest that may arise in the client-advisor relationship.
Additionally, all advisors at The Planning Center must adhere to a strict code of ethics and are held to a high standard of professional and ethical conduct.