Firm
Lifeplan Financial
Mankato, Minnesota
Fee-only
Lifeplan Financial at a glance
- One of 180 fee-only firms based in Minnesota in the Wellspent graph.
- 2 advisors are listed here; 1 of 2 hold the CFP.
- Its Form ADV reports 7 employees and 255 individual clients, 63 of them high net worth.
- Its average account is about $271,000 (assets it manages divided by its 521 accounts).
Fee-only advisors in Minnesota · What fee-only advisors charge in Minnesota
Facts
| Based in | Mankato, Minnesota |
|---|---|
| Website | lifeplan-financial.com |
| [email protected] | |
| Phone | (507) 625-3507 |
Lifeplan Financial fees
Lifeplan Financial doesn't publish its prices on its website, or we couldn't confirm them word for word. Ask for its Form ADV Part 2A, which must describe its fees.
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly |
|---|---|
| Assets managed | $141 million |
| Individual clients | 192 |
| High-net-worth clients | 63 |
| Accounts managed | 521 |
| Employees | 7 |
| Planning clients | 0 |
| Registered with | The SEC (801-131454) |
| Financial planning | Offered |
| Form ADV filed | February 24, 2026 |
| SEC record | CRD 136981 |
Advisors at this firm (2)
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