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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
Financial Solutions, LLC Overview
Financial Solutions, LLC is a fee-based investment advisory firm that has been in business since 2016. The firm's headquarters are located in Waukesha, WI. As a registered investment advisory firm, Financial Solutions offers its services as a broker-dealer representative and insurance broker/agent, while also providing investment advice to its clients. With a range of services on offer, individuals, as well as small and large businesses, can benefit from Financial Solutions' expertise. One of the primary services offered by Financial Solutions is financial planning, which helps clients to manage their wealth and achieve their long-term goals. Additionally, the firm offers portfolio management services to both individuals and small businesses, as well as businesses or institutional clients. With a focus on customer satisfaction and a strong dedication to transparent fee structures, Financial Solutions seeks to provide clients with the best possible investment outcomes. Pension consulting services are another key offering available from Financial Solutions. In addition to advising clients on their pensions, the company provides recommendations on investment strategies and portfolio management. Finally, the firm can even help clients to select additional advisors who can provide complementary services to support their investment objectives. With a focus on superior customer service, Financial Solutions is a trusted partner for anyone seeking to build a strong investment portfolio.
FINANCIAL SOLUTIONS, LLC is a financial services firm that caters to a diverse range of client types. They work with individuals looking to manage their personal finances, high net worth individuals seeking comprehensive wealth management solutions, pension or profit sharing plans in need of professional investment advice, charitable organizations looking to maximize their endowment fund growth, and other corporate entities requiring financial management and planning support. To cater to the specific needs of their clients, FINANCIAL SOLUTIONS, LLC offers a range of fee structures. Clients have the option of paying a percentage of their assets under management, allowing them to enjoy ongoing support and expert advice on how best to manage their investments. Alternatively, clients can choose to pay hourly fees, where they only incur charges for the time spent consulting with FINANCIAL SOLUTIONS, LLC. Fixed fees are also available in some cases, providing a predictable and transparent cost structure. Finally, for some services, commissions may apply, with payment based on the successful completion of a particular investment project or transaction. With a variety of fee structures to choose from, clients can select the model that best suits their needs and budget, ensuring that they receive the highest level of service and support from FINANCIAL SOLUTIONS, LLC.
Typical Clients, Fee Structures & Investment Minimum
Financial Solutions, LLC (FS) has a minimum account fee of $1,000 for accounts managed on a discretionary basis, which implies a minimum portfolio size of $100,000 at the highest fee tier. However, FS may waive this minimum requirement at its discretion. Additionally, FS requires a minimum fee of $5,000 for retirement plans, which implies a minimum plan size of $500,000 at the highest fee tier. Again, FS may waive this required minimum. For one-time financial planning services for non-advisory clients, FS requires a minimum fee of $500 payable in advance.
How This Office Can Help Greene County, MO Residents
Financial Solutions offers a wide range of financial services to clients in Greene County, MO. One of their primary areas of focus is helping local residents manage their debts and improve their credit scores. Many people in Greene County struggle with high levels of credit card debt, medical bills, and other financial obligations. Financial Solutions works with these individuals to create personalized debt management plans, negotiate with creditors, and find ways to reduce interest rates and fees. They also provide credit counseling and education to help clients avoid future debt problems. In addition to debt management, Financial Solutions also assists clients with retirement planning, investment strategies, and tax preparation. The firm’s experienced financial advisors can help Greene County residents assess their current financial situation and develop long-term plans that meet their goals for retirement, savings, and other priorities. Whether someone is just starting out in their career or nearing retirement age, Financial Solutions has the resources and expertise to help them achieve financial stability and success.
Services Offered by Financial Solutions, 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 Financial Solutions, 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.
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.
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
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
Firm Headquarters
This firm has no other locations.
State Registrations
Financial Solutions, LLC is registered to service clients in the following states:
- Alaska
- Arizona
- California
- Florida
- Georgia
- Illinois
- Indiana
- Michigan
- Minnesota
- Nebraska
- North Carolina
- Ohio
- Oklahoma
- South Carolina
- Texas
- Washington
- Wisconsin
Disciplinary History
Financial Solutions, LLC does not have any disclosures. Please visit it's Form ADV for more details.