Integral Financial Planning LLC
October 25, 2024
FORM CRS

 

 

Integral Financial Planning LLC is registered with the Securities and Exchange Commission as an investment adviser and, as such, we provide advisory services rather than brokerage services.  Brokerage and investment advisory services and fees differ and it is important for you, our client, to understand the differences. Additionally, free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.  This document is a summary of the services and fees we offer to “retail” investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.

Conversation Starters: It is important for you to understand your account, its terms and limitations, and the relationship you have with us. Each section in this document offers a series of "Key Questions to Ask Your Financial Professional" that offers prompts you may want to ask to further discuss our relationship, our processes and the fees charged for our services.

What investment services and advice can you provide me?  
We offer the following investment advisory services to retail investors: Financial Planning Services; Comprehensive Wealth Management; and Income Tax Preparation Services. 

• Account Monitoring: If we provide comprehensive wealth management services to you, as part of our standard service we will monitor your investments on a quarterly basis.

• Investment Authority:  We manage investment accounts via non-discretionary investment management services whereby we will provide advice, but you will ultimately decide which investments to buy and sell for your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.    

• Investment Offerings:   We provide advice on various types of investments. Our services are not limited to a specific type of investment or product. 

• Account Minimums and Requirements:   In general, we do not require a minimum dollar amount to open and maintain an advisory account; however, we have the right to terminate your account if it falls below a minimum size which, in our sole opinion, is too small to manage effectively. 

Detailed information regarding our services, fees and other disclosures can be found in our Form ADV Part 2A Items 4, 7, and 8 by clicking this link https://adviserinfo.sec.gov/firm/summary/148097. 

Key Questions to Ask Your Financial Professional

• Given my financial situation, should I choose an investment advisory service? Why or Why Not?
• How will you choose investments to recommend to me?
• What is your relevant experience, including your licenses, education and other qualifications?
• What do these qualifications mean?  

What fees will I pay?  
The following summarizes the principal fees and costs associated with engaging our firm for investment advisory services.  

• Hourly Fees - Payable In arrears (i.e., after services are rendered);
• Fixed Fees - Payable In arrears (i.e., after services are rendered);
• Other Advisory Fees - In addition to our fees, we are also compensated by:  
• The receipt of fixed fee for an initial plan $3,500 to $6,000 which is billed 50% up front and 50% upon completion.
• Tax return preparation services typically for $150 to $400.

In addition to our principal fees and costs, there are other common fees and costs charged by other entities that may be applicable to our clients that include: 

• Custodian fees;
• Account maintenance fees;
• Fees related to mutual funds and exchange-traded funds;
• Transaction charges when purchasing or selling securities; and
• Other product-level fees associated with your investments

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.   For detailed information, refer to our Form ADV Part 2A, Items 5 and 6 by clicking this link https://adviserinfo.sec.gov/firm/summary/148097.

Key Questions to Ask Your Financial Professional

• Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?

What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?  
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.

• Because our revenue is derived from asset-based fees, we have an incentive to grow your account as much as possible. This could cause us to take overly aggressive positions in conflict with your interests in an attempt to grow your account, or could incentivize us to inflate the valuations of illiquid investments held in your account.

Key Questions to Ask Your Financial Professional

How might your conflicts of interest affect me, and how will you address them?
Refer to our Form ADV Part 2A by clicking this link https://adviserinfo.sec.gov/firm/summary/148097 to help you understand what conflicts exist.   

How do your financial professionals make money?  
The financial professional servicing your account(s) are compensated based on the amount of client assets they service and the revenue the firm earns from the person's services or recommendations.   

Do you or your financial professionals have legal or disciplinary history?  
No, our firm and our financial professionals currently do not have any legal or disciplinary history to disclose. Visit Investor.gov/CRS for a free and simple research tool.   

 Key Questions to Ask Your Financial Professional

• As a financial professional, do you have any disciplinary history? For what type of conduct? 

You can find additional information about your investment advisory services and request a copy of the relationship summary at 630-219-3315 or click the link provided https://adviserinfo.sec.gov/firm/summary/148097. 

Key Questions to Ask Your Financial Professional

• Who is my primary contact person?
• Is he or she a representative of an investment adviser or a broker-dealer?
• Who can I talk to if I have concerns about how this person is treating me?