Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- 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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Aspire Planning Associates, Inc. Overview
Aspire Planning Associates, Inc. is a fee-only registered investment advisory firm based in Walnut Creek, California. Established in 2019, the firm provides investment advice exclusively to its clients. As a fee-only advisory firm, Aspire Planning Associates charges clients for its services on a transparent and straightforward basis, with no hidden commissions or conflicts of interest. The firm offers a range of financial planning services, including portfolio management for individuals and small businesses. These services are tailored to each client's unique long-term financial goals and designed to help them achieve financial success. Aspire Planning Associates also provides guidance when it comes to selecting other advisors that may be needed, such as tax or legal advisors, to help clients build a comprehensive wealth management strategy. Aspire Planning Associates prides itself on being a trusted advisor and partner to its clients, with a commitment to helping them achieve financial wellness and security. With a focus on transparency, personalized service, and expert investment advice, the firm is dedicated to helping clients create a successful future for themselves and their families.
ASPIRE PLANNING ASSOCIATES, INC. serves a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, and charitable organizations. The firm recognizes that each client has unique financial goals and objectives and tailors its services accordingly. With a dedication to providing personalized and customized solutions, ASPIRE PLANNING ASSOCIATES, INC. is committed to helping clients achieve their long-term financial goals. To meet the varying needs of its clients, ASPIRE PLANNING ASSOCIATES, INC. offers a range of fee structures. The firm may charge a percentage of assets under management (AUM), an hourly rate, or fixed fees depending on the service provided. The percentage of AUM fee structure may be suitable for clients who require ongoing management and monitoring of their portfolio, while hourly fees are better suited for clients who need one-time assistance and advice. Fixed fees are best for clients who know exactly what services they need and prefer to pay a set fee for the work. With an array of fee structures available, ASPIRE PLANNING ASSOCIATES, INC. ensures that its clients receive affordable and flexible financial planning solutions.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure of Aspire Planning Associates, Inc. does not mention any information about their investment minimum. It is advisable to contact the firm directly or check their website for further information regarding their investment minimums.
How This Office Can Help San Mateo, CA Residents
Aspire Planning Associates is a financial planning firm in San Mateo, CA that assists clients by providing comprehensive financial planning services. Their team of financial advisors work with clients to develop customized financial plans that align with their unique goals and circumstances. They also provide ongoing support and advice to help clients stay on track and adapt to changes as needed. Many residents of San Mateo, CA may be facing a variety of financial situations, such as saving for retirement, managing debt, planning for college expenses, or navigating complex tax laws. Aspire Planning Associates can help clients with these and other financial challenges by providing guidance on investment strategies, tax planning, estate planning, and more. With their focus on personalized service and attention to detail, Aspire Planning Associates is a trusted partner for individuals and families looking to achieve financial security and peace of mind.
Services Offered by Aspire Planning Associates, 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 Aspire Planning Associates, 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.
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
Aspire Planning Associates, Inc. is registered to service clients in the following states:
- California
- Louisiana
- Texas
Disciplinary History
Aspire Planning Associates, Inc. does not have any disclosures. Please visit it's Form ADV for more details.