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Liberty Financial Group Review

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Liberty Financial Group, Inc.

Liberty Financial Group is a fee-only firm based in Elm Grove, Wisconsin managing money for individuals. Most of the firm’s clients are non-high-net-worth individuals, though a small number of high-net-worth clients are also at the firm.

There are three advisors at the firm managing more than $86 million.

Liberty Financial Group Inc. Background

Liberty was founded in 1981. Since 2015, the principal owners of the firm have been Thomas M. Wargin, Shannon Nook and David Wargin.

What Types of Clients Does Liberty Financial Group Inc. Accept?

Most of the clients at Liberty are individuals who are not high-net-worth. There are also a small number of high-net-worth clients. There are no institutional clients at Liberty.

Liberty Financial Group Inc. Minimum Account Sizes

There is no minimum account size at Liberty. There is a minimum annual fee of $4,500.

Services Offered by Liberty Financial Group Inc. 

Liberty offers the following services to clients:

  • Investment management
  • Financial planning
  • Mortgage selection
  • College funding planning
  • Risk management
  • Estate planning
  • Tax planning
  • Retirement preparation and planning
  • Annual tax loss review
  • Financial decisions on major purchases

Investment Philosophy

Advisors at Liberty measure investors risk tolerance, time horizon, goals and objectives by interviewing them and giving questionnaires. Generally, it approaches investment conservatively and looks for long-term choices.

Mutual funds are the preferred investment for tax deferred accounts, while individual securities and exchange traded funds (ETFs) are the preferred choice for taxable accounts.

Fees Under Liberty Financial Group Inc. 

There are two types of fees charged by Liberty. The first is an investment management fee based on assets under management. A fee of 1% is charged on assets up to $1 million and 0.75% is charged on all assets over $1 million.

What to Watch Out For

This is a fairly small firm with only a few advisors. If you are looking for a firm with lots of resources and connections to major financial institutions, this firm doesn’t have that. 

Disclosures

There are no disclosures on the record at Liberty in the past 10 years.

Where Is Liberty Financial Group Inc. Located?

The firm is located at 700 Pilgrim Parkway Suite 300 Elm Grove, Wisconsin 53122.

Opening an Account With Liberty Financial Group Inc. 

Contact the firm at (262) 785-1377 or info@lfgwi.com.

Tips for Investment

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All information was accurate as of the writing of this article. 

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research