MB Financial Planning LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$5,680,000
Clients
59
7% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
59
Very HighAverage account size
$96,271
About
MB Financial Planning LLC serves individual clients, including high‑net‑worth individuals, through comprehensive financial planning, investment management, and one‑time financial plans. The firm also provides stand‑alone tax preparation services, employer retirement‑plan advisory under ERISA Section 3(21), and educational speaking engagements.
The firm typically implements passive, low‑cost portfolios constructed with index mutual funds and ETFs, while supplementing that approach with fundamental, technical, cyclical and charting analysis when performing investment reviews. Clients may engage for ongoing discretionary management with continuous access to the advisor, or for a one‑time plan where implementation and follow‑up are the client’s responsibility.
Compared with many solo independent advisers, MB Financial Planning pairs common fee‑only, AUM‑based advisory services with less common offerings such as tax preparation for non‑clients and formal 3(21) fiduciary retirement‑plan services for employers. The firm’s principal discloses other business activities (including a family farm and small business ventures) and a part‑time public service background, information that prospective clients may consider when evaluating advisor availability and focus.
Client services
Financial planning
Portfolio management
Diy guide, tax preparation
Expertise
Wealth management
College savings (529s, UTMA, etc.)
Occupation focus
Founder/Business Owner
Executive
Demographic focus
Mid-Career Professionals
Approaching retirement
Fee options
Annual advisory services fee billed as a flat fee (based on assets under management and mutually agreed); One-Time Comprehensive Financial Plan fee $5,000-$10,000; speaking engagements $500-$3,000.
$0 - $500,000: 1.75% $500,000+: 1%
$250/hour for annual advisory service if fee would exceed 3% of AUM; $200/hour used for fee calculation if One-Time Comprehensive Financial Plan engagement ends before delivery.
Fee-only: Annual financial planning services fee of $1,800 (billed $150 monthly); One-Time Comprehensive Financial Plan fee $5,000-$10,000 depending on complexity; annual advisory services billed as blended flat fee based on assets under management using the tiered fee schedule.
Main office location
MB Financial Planning LLC
Richmond RI, United States
Number of offices
1
Most active in
MB Financial Planning LLC has reported serving >5 clients in these states in the last 12 months.
Rhode Island
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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