FAQ

What type of clients do you work with?

We serve a broad range of clients including working professionals, pre-retirees and retirees, business owners and entrepreneurs, and the extended families of these clients. We believe in multigenerational planning and encourage clients to involve their children, grandchildren, parents, and relatives in making wise financial decisions.

What services do you provide?

We offer financial planning and wealth management services. Our advisors cater to the unique needs of the individuals and families we work with, providing financial planning on a one-time or retainer basis and wealth management on an ongoing basis through invested assets. We identify needs and opportunities based on your financial roadmap which may include investment strategy, retirement income, education savings, tax efficiency, estate planning, and insurance recommendations.

How do you charge for services, and how much?

Our main source of compensation is in the form of an asset-based advisory fee charged through LPL Financial, our broker/dealer. The advisory relationship provides clear and transparent cost for service. We are paid a percentage of the advisory assets we manage. This means our incentives are aligned with our clients. When our clients’ assets grow, our income grows. When our clients’ assets decline, our income declines. The amount we charge varies depending on the value of household asset under management. In some cases, we generate revenue from commissions from brokerage investment accounts and insurance products based on a client’s particular needs.

We may also charge a one-time or retainer fee to provide financial planning. This retainer fee is for services in addition to investment management.

Do you have account minimums?

While we do not have account minimums, typically we work with clients with $500,000 or more to invest. 

Who will review my financial affairs with me?

Your financial advisor at LFA will work directly with you to craft your financial roadmap and investment strategy. Our advisors work as a team to ensure a consistent approach is implemented for our clients. LFA's amazing service team helps our advisors and clients with operational and administrative tasks.  

Who is LPL Financial?

LPL Financial is our broker/dealer. They essentially act as our “back office”, providing custody services, compliance services, and issuing account and tax statements to clients. LPL Financial is one of the nation's leading financial services companies and a publicly traded company on the NASDAQ under ticker symbol LPLA. The firm’s mission is rooted in the belief that independent financial guidance is a fundamental need for everyone. LPL does not offer proprietary investment products or engage in investment banking activities; this means advisors affiliated with LPL are not pressured or influenced by LPL to sell its products. Thousands of financial advisors nationwide are able to rely on the firm’s tools and resources to help them provide financial guidance and recommendations to help meet their clients’ needs. For more information about LPL Financial, visit www.lpl.com.

What is Form ADV and how do I obtain a current version of your Form ADV?

Form ADV ('ADV' is an abbreviation for 'adviser') is a form filed with the Securities and Exchange Commission (SEC) and state securities authorities. Part 1 of Form ADV is available at www.adviserinfo.sec.gov and consists of information on the business, owners, clients, employees, business practices, affiliations, and any disciplinary events of the adviser or its employees. Part 2 of Form ADV is a narrative brochure written in plain English that contains information such as the types of advisory services offered, disciplinary information, conflicts of interest, and the educational and business background of management and key advisory personnel.  

Click here for the most recent Form ADV Part 2 for Lifetime Financial Advisors, Inc.

Where can I view Reg BI's Relationship Summary (Form CRS)?

For the most current Relationship Summary from LPL Financial (Form CRS), you can view it on LPL Financial's website here: Disclosures | Account Disclosures, Agreements, Fee Schedules & Conflicts of Interest | LPL Financial Relationship Summary. 

 

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