Life Plan Financial Advisory Group, LLC

LifePlan Financial Advisory Group, LLC was established in 2004 by Keith Barr and Catherine Gearig in Rochester Hills, MI. The firm offers investment management, third-party asset management, and financial planning services. Investment management services include developing individualized investment strategies, ongoing portfolio management, and regular reviews. Third-party asset management involves selecting suitable managers based on factors like management style and risk tolerance. Financial planning services cover various areas such as retirement planning, investment planning, and estate planning. The firm operates on a fee-only basis, with investment management fees ranging from 1.30% to 0.40% based on assets under management. Financial planning fees are charged hourly or at a fixed rate, with a minimum project fee of $750. LifePlan does not charge performance-based fees. The firm acts as a fiduciary, putting clients' interests first. Clients have investment discretion for their accounts, with the firm having discretionary trading authority for executing transactions. LifePlan primarily serves individuals and families, with a minimum portfolio size requirement. The firm uses security analysis methods like fundamental, technical, and cyclical analysis in its investment strategies. Clients are informed about the risks associated with their investments, such as interest-rate risk and market risk. The firm has no disciplinary events to disclose and does not compensate for client referrals. Clients' assets are held with an outside custodian, and the firm does not take custody of client assets.