Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
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)
Flagstone Financial Management, LLC Overview
Flagstone Financial Management, LLC is a fee-only investment advisory firm headquartered in Lincoln, NE. Since its inception in 2016, the firm has been providing investment advice only to its clients. They offer a range of services, including financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and pension consulting services. As a fee-only firm, Flagstone Financial Management does not earn any commission from the sale of investment products or receive any payment for referrals. Their service charges are transparent and based on the clients' assets under management. The absence of a conflict of interest makes them a trusted partner for clients seeking unbiased financial advice. The portfolio management services offered by Flagstone Financial Management cater to the investment needs of both individual and institutional clients. They consider the clients' goals, risk tolerance, and investment horizon before implementing a customized investment strategy. Moreover, their pension consulting services help the clients manage their retirement plans effectively. In summary, Flagstone Financial Management, LLC is an investment advisory firm that offers fee-only investment advice and portfolio management services to clients in Lincoln, NE. With their transparent fee structure and customized investment solutions, they are an ideal partner for clients seeking unbiased financial advice.
FLAGSTONE FINANCIAL MANAGEMENT, LLC serves a diverse range of clients, catering to the financial needs of individuals, high net worth individuals, pension or profit sharing plans, and charitable organizations. Flagstone Financial Management, LLC is committed to providing tailored financial management strategies to each of their clients. They understand that each client has unique financial goals, and work diligently to provide unparalleled service to help their clients achieve their goals. As for fee structures, Flagstone Financial Management, LLC offers a few options depending on the service provided. For clients who have assets under management (AUM), they charge a percentage of AUM. This option is ideal for clients who are looking for ongoing financial management and advice. For clients who prefer a more transactional approach, Flagstone Financial Management, LLC offers an hourly fee structure. This option is best suited for clients who only need assistance with specific transactions or financial planning topics. Finally, for some services, Flagstone Financial Management, LLC charges a fixed fee. This option may be used for specific projects that require a defined scope of work. Regardless of the fee structure, Flagstone Financial Management, LLC is dedicated to transparency and ensures that their clients know exactly what they’re paying for.
Typical Clients, Fee Structures & Investment Minimum
Based on the Part 2 Brochure of Flagstone Financial Management, LLC, there is no mention of an investment minimum. Therefore, it is not possible to determine what the firm's investment minimum is from their Part 2 Brochure.
How This Office Can Help Lincoln, NE Residents
As a financial advisor at Edward Jones, Patrick Clarkin assists clients in Manchester, MO with a range of financial concerns. Clarkin works closely with clients to determine their individual financial situations and goals, developing personalized plans to help them achieve their objectives. For clients in Manchester, MO, Clarkin may provide guidance on saving for retirement, planning for education expenses for their children, building a diversified investment portfolio, and managing debt. He may also advise on tax strategies to help clients minimize their tax burden, as well as estate planning to ensure their assets are distributed in accordance with their wishes. With Clarkin's knowledge and expertise, clients in Manchester, MO can benefit from personalized financial advice and guidance tailored to their unique needs.
Services Offered by Flagstone Financial Management, 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 Flagstone Financial Management, 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.
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
This firm has no other locations.
State Registrations
Flagstone Financial Management, LLC is registered to service clients in the following states:
- Arizona
- Colorado
- Nebraska
- Texas
Disciplinary History
Flagstone Financial Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.