Flexible Plan Investments is a financial advisor firm in Bloomfield Hills, Michigan with billions of dollars in assets under management (AUM). The firm maintains advisory accounts with many types of clients, such as non-high-net-worth and high-net-worth individuals, investment companies, charitable organizations, government entities, businesses and retirement plans.
Flexible Plan Investments is a fee-only firm, which means all of its compensation comes from client-paid fees. A fee-based firm, on the other hand, earns both client-paid fees and third-party commissions for things like insurance sales.
Flexible Plan Investments Background
Flexible Plan Investments was founded in 1981 by Jerry C. Wagner. Wagner continues to serve as principal owner and president of the firm. He has around 40 years of experience in the financial services industry. The firm also has four chartered financial analysts (CFAs) on staff.
Flexible Plan Investments Client Types and Minimum Account Sizes
Flexible Plan Investments works with more than 13,000 clients between its own advisors and its advisory affiliates. More than 17,000 of these clients are individuals below the high-net-worth threshold, and the rest are split between high-net-worth individuals, investment companies, pensions and other retirement plans, charitable organizations, government entities and corporations.
Flexible Plan Investments uses a variable minimum investment that shifts depending upon the services you subscribe to. Anything not shown below generally has a $25,000 minimum. The minimums could be waived or negotiated at the sole discretion of the firm.
- Group Retirement Plans: No minimum
- Small Accounts Program: $5,000
- FUSION Prime QFC Fusion Prime 2.0 programs: $100,000
- Strategic Solutions/Nationwide Advisory Solutions Monument VA: $15,000
Services Offered by Flexible Plan Investments
Flexible Plan Investments provides investment management services via three main strategies:
- General advisory services: The firm can work with clients to determine what their investor profile is, and turn these findings into an actual investment portfolio.
- Strategic Solutions: This is a mutual fund wrap fee program that typically has either E*Trade Advisor Services or Jefferson Life Insurance Company as custody.
- Group Retirement Plans: This involves the firm providing model portfolios and management to retirement plan participants or the plans themselves.
In addition to these primary services, Flexible Plan Investments may also act as a sub-advisor for other investment advisors.
Flexible Plan Investments Investment Philosophy
Flexible Plan Investments has more than 50 different investment strategies that it chooses to help clients achieve their investment goals. Unless stated otherwise, these strategies involve investing primarily in mutual funds, exchange-traded funds (ETFs), exchange-traded notes (ETNs), annuities, insurance contracts, fixed-income or other investment securities.
Although these strategies will vary slightly in methodology, the overarching goal is mostly the same. More specifically, the firm looks to achieve a return that outpaces both inflation and a buy-and-hold strategy on a risk-adjusted basis. It aims to do this with as little risk as possible, which is good news for the risk-averse.
Fees Under Flexible Plan Investments
Flexible Plan Investments generally charges advisory fees as a percentage of your AUM. For accounts that aren’t part of the Group Retirement Plans service, the fee schedule goes as follows:
| Flexible Plan Investments Fees | |
| Assets Under Management (AUM) | Annual Fee |
| Up to $500,000 | 2.00% |
| $500,001 - $999,999 | 1.50% |
| $1,000,000 and above | 0.70% |
What to Watch Out For
Flexible Plan Investments has no disclosures on its legal and regulatory record with the U.S. Securities and Exchange Commission (SEC).
If financial planning services are something you want, Flexible Plan Investments cannot oblige. Instead, use SmartAsset's free matching tool to find advisors in your area that offer financial planning.
Opening an Account With Flexible Plan Investments
Stop by Flexible Plan Investments’ website and fill out its contact form to have an advisor reach out to you about becoming a client. Alternative ways to reach the firm include calling (800) 347-3539 or emailing clientservices@flexibleplan.com.
All information is accurate as of the writing of this article.
Investing Tips
- Finding the right financial advisor doesn’t have to be hard. SmartAsset's free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- If you're working with an advisor on retirement income planning, don’t forget to take Social Security payments into account. If you don’t know what you’re in line to receive, check out SmartAsset’s Social Security calculator.
