Lance Elrod
Next Step Financial Transitions · Cypress, Texas
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.
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Specialties
Who they serve
- Mid-life transitions
- Divorced individuals
- Early-career professionals
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 |
| Assets under management | $10.4M across 92 accounts |
| Credentials | CFP · CDFA |
| SEC registration | Investment adviser representative in TX · CRD 5818345 |
| Exams passed | Series 66 (2016) |
| Firm size | 2 employees |
| Disclosures | None reported |
| Website | nsfinancialtransitions.com |
| Profile |
How Lance's firm compares
- Next Step Financial Transitions's average account is about $113,000, from its Form ADV (assets managed divided by 92 accounts).
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Questions about Lance
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.
What these terms mean: fee-only · fiduciary · CFP · CRD number · all terms
Other fee-only advisors in Cypress
Other advisors in Texas who focus on flat-fee planning
Where this information comes from
- XY Planning Network directory listing : XYPN members are fee-only
- Next Step Financial Transitions website : specialties, clients served, and fees, checked October 28, 2026
- SEC Investment Adviser Public Disclosure : registration, exams, and the firm's Form ADV, data as of October 27, 2026
- Directory listing last checked April 21, 2026.
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