Plancorp is thrilled to announce that we have risen to #41 on Financial Planning’s annual Top 150 Fee-Only RIAs (Registered Investment Advisor) List, marking our continued presence in their RIA Leaders issue for 2024. This recognition is a testament to our unwavering commitment to excellence and client satisfaction.
Financial Planning’s data partner, COMPLY, used SEC filings to determine and rank the top 150 RIA firms by client accounts and total assets under management.
To be included on this prestigious list, firms must meet the following criteria:
- Firms must have zero registered representatives of a broker-dealer.
- At least 50% of the firm’s clients must be individuals or high-net-worth individuals.
- Firms must not list commissions as a compensation arrangement.
- Firms must have more than zero financial planning clients.
- Firms must not list commission-taking businesses in “other business activities.”
- Firms cannot be affiliated under common ownership with commission-taking businesses.
What is a Fee-Only RIA Firm?
A fee-only Registered Investment Advisor (RIA) firm operates on a compensation model that aligns directly with the client's success. At Plancorp, we do not receive commissions, referral fees, or any other forms of hidden compensation. This means our advice is purely in the best interest of our clients.
Clients of fee-only firms are typically charged a single fee, often a percentage of their total assets under management. This transparent fee structure fosters trust, as there are no incentives to push specific investment products.
Since we do not earn any compensation from the products we recommend, our clients can rest assured that our guidance is independent and objective. Our primary focus is on helping clients achieve their financial goals without any conflicts of interest.
Want to learn more about the fee-only approach to wealth management? Check out our article on the cost of our services for a full breakdown.
