# Lance Elrod

> Lance Elrod is a fee-only financial advisor at Next Step Financial Transitions in Cypress, Texas, who holds the CFP and CDFA credentials. Lance charges a flat fee or retainer, an ongoing planning fee and a one-time planning fee (no asset minimum) and focuses on flat-fee planning, divorce financial planning and retirement planning.

Page: https://find.wellspent.co/advisors/lance-elrod/
Built from public directory listings; last checked April 21, 2026.

## Facts

- **Firm:** Next Step Financial Transitions
- **Based in:** Cypress, Texas
- **Fee model:** Flat fee or retainer; Ongoing planning fee; One-time planning fee
- **Fees (firm's website):** no asset minimum
- **Accepting new clients:** Yes (firm's website)
- **Assets under management (firm):** $10.4M across 92 accounts
- **Credentials:** CFP, CDFA
- **Specialties:** Flat-fee planning, Divorce financial planning, Retirement planning, Estate & legacy planning, Tax planning, Student loans
- **Works with:** Mid-life transitions, Divorced individuals, Early-career professionals
- **CRD:** 5818345 (https://adviserinfo.sec.gov/individual/summary/5818345)
- **SEC registration:** Investment adviser representative in TX
- **Exams passed:** Series 66 (2016)
- **Firm size:** 2 employees
- **Disclosures:** None reported
- **Website:** https://nsfinancialtransitions.com

## Frequently asked questions

### Is Lance Elrod a fee-only financial advisor?

Yes. Lance Elrod is listed in the XY Planning Network directory (XYPN members are fee-only). SEC records as of October 27, 2026 show no broker registration and no commission compensation reported by Lance's firm.

### How does Lance charge for financial advice?

Lance charges a flat fee or retainer, an ongoing planning fee and a one-time planning fee.

### How much does Lance charge?

According to Next Step Financial Transitions's website, checked October 28, 2026: no asset minimum.

### Where is Lance Elrod based?

Lance Elrod is based in Cypress, Texas.

### What does Lance specialize in?

Lance's specialties include flat-fee planning, divorce financial planning, retirement planning, estate & legacy planning, tax planning and student loans. Lance works with mid-life transitions, divorced individuals and early-career professionals.

### What credentials does Lance Elrod hold?

Lance Elrod holds the CFP and CDFA credentials.

### Is Lance Elrod registered with the SEC?

Yes. Lance Elrod is registered as an investment adviser representative in TX (CRD 5818345), per SEC Investment Adviser Public Disclosure data as of October 27, 2026.

### How much does Next Step Financial Transitions manage?

Next Step Financial Transitions reports $10.4M across 92 accounts in assets under management.

### How do I contact Lance Elrod?

Through Lance's website, nsfinancialtransitions.com.

## Sources

- XY Planning Network directory listing (https://www.xyplanningnetwork.com/find-an-advisor/lance-elrod-10928): XYPN members are fee-only
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 27, 2026
- The firm's website (https://nsfinancialtransitions.com/): specialties, clients served, and fees, checked October 28, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.