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Plancorp Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Plancorp, LLC is a financial advisor firm headquartered in St. Louis. But it operates branches across the country in Nashville, San Jose and Sarasota. The firm is  on SmartAsset's top financial advisor list for both St. Louis and Missouri.

Plancorp is a fee-only firm, which means that all of its compensation comes from the management fees that clients pay. This is different from a fee-based firm, which may also earn compensation through commission-based transactions like insurance sales. By sticking strictly to client fees, a fee-only firm like Plancorp can avoid many conflicts of interest.

Plancorp Background

Plancorp can trace its history back to 1983 when it was founded under the name FFG Plancorp, Inc. The firm shifted to its current name two years later. It’s currently owned by 26 direct owners, 23 of which are employees of Plancorp.

Certifications earned by advisors at Plancorp's team include certified financial planner (CFP), accredited investment fiduciary (AIF), chartered financial analyst (CFA) and certified public accountant (CPA).

Plancorp Client Types and Minimum Account Sizes

Plancorp's client base is made up of individuals (both with and without a high net worth). The firm also works with pensions and other qualified retirement plans, charitable organizations and businesses.

Plancorp doesn’t typically impose a minimum size for new or existing client accounts. However, the firm may charge a minimum annual fee of $6,000 for its advisory services. For those with less to invest, this minimum could cause Plancorp's services to not be cost effective. That said, Plancorp may waive or reduce its minimum annual fee at its discretion.

Services Offered By Plancorp

Plancorp offers a wide range of services to its clients, spanning several broad categories, including financial planning, investment management, retirement plan advisory services, institutional investment management and more. Here's a detailed breakdown:

  • Financial planning
    • Financial goal-setting
    • Cash flow and income tax analysis
    • Capital needs assessment
    • Education funding analysis
    • Retirement planning
    • Estate planning
    • Asset protection planning
  • Investment management
    • Intelligent Investor Solutions
    • Ongoing portfolio monitoring
    • Periodic portfolio rebalancings
  • Family office services
    • Financial organization and accounting
    • Recordkeeping
    • Advanced income tax planning
  • Retirement plan advisory services
    • Trustee meetings
    • Investment selection

Plancorp Investment Philosophy

When developing investment strategies, Plancorp draws heavily upon Modern Portfolio Theory. This award-winning investing model seeks to maximize a portfolio’s expected return for a given level of risk. This involves building an asset allocation that holds certain securities in proportionate percentages that collectively match your overall risk tolerance and time horizon.

Plancorp typically recommends that clients invest in a combination of no-load, passively managed, mutual funds from either Dimensional Fund Advisors or the Vanguard Group. Each of these mutual funds usually focus on one specific asset class.

The firm may recommend exchange-traded funds at times to maintain a certain level of market exposure during rebalancings. Furthermore, the firm explicitly states in its Form ADV that it "does not generally recommend portfolios of individual stocks, bonds or actively managed mutual funds in its asset allocation strategies."

Fees Under Plancorp

Plancorp calculates the advisory fees that it charges using the market value of each client's AUM. The fees you pay will be a percentage of your AUM, with the exact rate depending on the size of your account. For the firm's flagship wealth management services, the fee schedule goes as follows:

Wealth Management Services
Assets Under Management Fee Percentage
First $1MM 1.00%
Next $2MM 0.75%
Next $2MM 0.60%
Next $5MM 0.50%
Above $10MM 0.45%

You can refer to this table to see how wealth management fees at Plancorp match up against a typical firm. Note, however, that these are only estimates, and your experience could vary from the figures presented here.

Estimated Fee Comparison*
Your Assets Under Management (AUM) Plancorp's Wealth Management Services National Median Advisory Fees**
$500K $5,000 $5,000
$1MM $10,000 $8,500 - $10,000
$5MM $37,000 $25,000 - $32,500
$10MM $62,000 $50,000
*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.

What to Watch Out For

As of its latest filings with the U.S. Securities and Exchange Commission, Plancorp reported no disclosures of legal or disciplinary action. 

Opening an Account With Plancorp

There are a number of different ways to contact Plancorp. You can call the firm’s headquarters directly at (636) 532-7824 or toll-free at (888) 220-1163. You can also fill out the inquiry form on the firm’s website with your name, email address, phone number and a brief message. Lastly, if you’d rather skip the inquiry form, you can send an email to

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

Retirement Planning Tips

  • A financial advisor can be an invaluable resource along the path to retirement. Finding the right financial advisor for you doesn’t have to be hard. SmartAsset's free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Are you on track for a secure retirement, or do you need to bump up your savings rate? Our retirement calculator can help you figure out where you stand so you can plan your next move.

How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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