Life Planning Partners, Inc. (Jacksonville)

Name: Life Planning Partners, Inc.
Address: 6550 St. Augustine Road, Jacksonville, FL, 32217 2847
Telephone: 904-448-5158

Life Planning Partners, Inc. is a large advisory firm based in Jacksonville. It manages $179.76 million of regulatory assets for 552 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Louisiana, and Texas.

Life Planning Partners provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Life Planning Partners: assets under management

The assets under management (AUM) of Life Planning Partners, Inc. is $179.76 million. The firm's AUM has grown by 59% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $179.31 million in discretionary accounts and $451.71 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $112.93 thousand.

Life Planning Partners has custody of $36.21 million in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is state and local bonds, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Life Planning Partners, Inc. for their services and products based on hourly charges and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Carolyn Sue Mcclanahan serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Carolyn Sue Mcclanahan is high net worth individuals with 80 clients and $172.62 million of assets under management. Among the 9 most similar advisory firms, Life Planning Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $179.31 million for 98 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Life Planning Partners doesn't advise any private funds.

Careers at Life Planning Partners, Inc.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Carolyn Sue Mcclanahan has been acting as President since 1 Sep 2003. Timothy Charles Utecht has served as the Chief Investment Officer since 1 May 2009. Geraldine Beasley Jones joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carolyn Sue Mcclanahan	President	1 Sep 2003	75% - 100%	4463790
Timothy Charles Utecht	Chief investment officer	1 May 2009	Other	2166598
Geraldine Beasley Jones	Chief compliance officer	1 Jan 2015	Other	5251788

Based in Jacksonville

The principal office where Life Planning Partners, Inc. performs its advisory services is located at 6550 St. Augustine Road, Jacksonville, FL 32217 2847, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 904-448-5158 or by fax 866-807-6894. The normal business hours are by appointment only on Other. You can find more information about the New York firm at lifeplanningpartners.com.