An Investment Advisor is a fiduciary that has a duty of undivided loyalty to its clients and must deal fairly and honestly with them. Any person or entity that holds itself out as a financial planner must be registered. A Registered Investment Advisor is a representative of the client.

LFA provides sound financial planning advice regarding taxes, investments, insurance, pensions, retirement, estate planning and general financial matters, but does not sell products nor do they receive any type of kick-backs or compensation for products recommended.

We believe income taxes are the central focal point of most financial programs. Therefore, we offer an income tax preparation service, as well as tax planning and audit representation These services are included under a full annual retainer agreement.

Our clients are individuals and small to medium sized business owners.

Anyone who wishes to plan prudently for his or her financial future or who has financial, tax, investment, or estate problems, can benefit from our services. Furthermore, persons who desire a higher, more sophisticated level of financial planning services may find our program appealing and helpful.

There is no minimum or maximum dollar requirement to start a financial plan. We recognize that persons with little or no assets have as much need for financial planning as those with ample assets.

Our financial planning fees are determined by the project needed. We generally work on an annual retainer basis with a fee determined by income, assets, and complexity of the work.

Yes. Section 212 of the Internal Revenue Code permits an itemized deduction for tax and/or investment advice in the miscellaneous section of Schedule A. This deduction is now subject to a 2% floor of the adjusted gross income. Clients who own their own business, have a farm or rental property, or who buy and sell investments may also be able to deduct a portion of the fee on the corresponding schedule.

No we do not sell financial planning products. We are fee-only planners. Products must be purchased by clients from other sources. We will suggest investments you can make without paying commissions.

Absolutely not. In fact you are encouraged to shop for the best available product.

No. Although a complete program is most likely beneficial, we can limit our advisory services to your specific needs, such as tax analysis, or estate planning.

No, however we work closely with attorneys to address your estate planning and other legal needs.

We do not use technical analysis or charting. We do use a fundamental approach, based on economic conditions, earnings, industry outlook, politics (as it relates to the investment), historical data, general level of interest rates, company management and tax benefits.

No.

Yes. It is the law.

It should not. Financial planning is a process, not an event. We offer ongoing services, periodic reviews, and day-to-day consultation if requested.

Take a minute to fill out our planning profile form. Once the completed form is receiving you will be contacted to schedule an appointment for your complimentary phone consultation. If you have additional questions please do not hesitate to contact us.