Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Other
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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Other
The Planning Center, Inc. Overview
The Planning Center, Inc. is a Fee Only registered investment advisory firm that offers investment advice only. Since 2002, the firm has been providing financial planning, portfolio management, and pension consulting services to individuals and small businesses. Their services also extend to businesses or institutional clients who seek expert portfolio management. Aside from their investment services, the firm also provides tax planning services to their clients. Headquartered in Moline, IL, The Planning Center, Inc. is a trusted advisory firm that has built a reputation for its professionalism and expertise in investment advisory services. Their team of seasoned professionals works vigorously to deliver customized financial solutions to their clients, and they follow a fee-only compensation model to ensure no conflict of interest when making recommendations to their clients. Whether you're an individual looking to grow your portfolio, a business seeking portfolio management services, or an employer in search of pension advisory services, The Planning Center, Inc. can help you achieve your financial goals. If you want access to top-notch investment advice, portfolio management, pension consulting, and tax planning services, turn to The Planning Center, Inc. With close to two decades of experience in investment advisory services, they have honed their skills and are always ready to assist clients in navigating complex financial matters. Get in touch with them today, and take a step towards a brighter financial future.
THE PLANNING CENTER, INC. offers a diverse range of financial planning services, catering to various types of clients. They have experience serving individuals who need assistance in managing their personal finances. Additionally, the company renders financial guidance to high net worth clients, who require more complex financial strategies. THE PLANNING CENTER, INC. also serves pension and profit-sharing plans to ensure their financial security. Even though the firm mainly serves these types of clients, they also welcome other corporation types not listed in their clientele. THE PLANNING CENTER, INC. is upfront about their diverse fee structures which accommodate the specific needs of their clients. Depending on the type of service provided, the firm may charge a percentage of assets-under-management (AUM) for investment management services. For individuals or businesses who only need guidance for a specific project, they have an hourly fee structure that is more appropriate. In most cases, a fixed fee structure may be the most suitable, allowing clients to budget for a fixed cost for their financial planning needs. While these are the primary fee structures available, THE PLANNING CENTER, INC. is open to other fee arrangements depending on individual client requirements.
Typical Clients, Fee Structures & Investment Minimum
According to THE PLANNING CENTER, INC.'s Part 2 Brochure, there is an investment minimum of $500,000 for new clients to work with their investment advisor. The note about investment minimums states, "New clients are generally required to invest a minimum of $500,000 in order to work with an Investment Advisor Representative of The Planning Center." This means that individuals or entities interested in working with THE PLANNING CENTER, INC. as an investment advisory client must be willing to invest at least $500,000.
How This Office Can Help Geneseo, IL Residents
The Planning Center offers a range of financial planning services to its clients in Geneseo, IL, helping them to establish long-term financial goals and manage their finances effectively. With a deep understanding of the unique needs and challenges facing individuals and families in the Geneseo area, the team at The Planning Center provides personalized guidance and support to help clients achieve financial security and stability. Whether you are looking to plan for retirement, save for your children's education, or navigate the complexities of estate planning, The Planning Center can help. Their experienced financial advisors work closely with clients to assess their financial situation, develop a customized plan that addresses their specific needs and concerns, and provide ongoing support and guidance as needed. With a focus on transparency, education, and collaboration, The Planning Center is committed to helping clients in Geneseo, IL achieve their financial goals and build a brighter future for themselves and their families.
Services Offered by The Planning Center, Inc.
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 The Planning Center, Inc. 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.
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.
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).
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
The Planning Center, Inc. is registered to service clients in the following states:
- Alaska
- Arizona
- California
- Florida
- Illinois
- Indiana
- Iowa
- Louisiana
- Maryland
- Massachusetts
- Minnesota
- Missouri
- Nebraska
- New York
- North Carolina
- Oregon
- South Carolina
- Texas
- Virginia
- Washington
- Wisconsin
Disciplinary History
The Planning Center, Inc. does not have any disclosures. Please visit it's Form ADV for more details.