Proper Financial, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Proper Financial, LLC is a small registered investment adviser with three advisors managing approximately $65 million for about 122 individual and high‑net‑worth clients. The firm offers wealth management and discretionary portfolio management, alongside standalone financial planning and retirement-account advice, and refers clients to outside tax and estate‑planning resources.
The firm operates as a fiduciary and relies primarily on fundamental analysis to build largely long‑term, diversified portfolios composed of low‑cost mutual funds and ETFs, with occasional use of individual stocks or bonds and shorter‑term trades for rebalancing or client needs. Proper Financial typically manages accounts on a discretionary basis, monitors portfolios continuously, and recommends a major custodian while using institutional platform tools and reporting for client oversight.
Compared with many peers, Proper Financial is affiliated with an insurance agency (Proper Retirement, LLC) and its advisers are licensed to sell insurance products for commissions, a relationship the brochure discloses and treats as a potential conflict of interest. The firm’s principal is also engaged in raising capital for and participating in real‑estate investments and joint ventures, and the firm provides clients access to an outsourced estate‑planning platform (Wealth.com) and optional tax‑preparation support, all of which the firm says it manages through disclosure and internal policies.
Client services
Expertise
Fee options
Standalone financial planning services with fixed fees up to $25,000 per engagement; fees may be negotiable.
$0 - $999,999: 1.35% $1,000,000 - $1,999,999: 0.85% $2,000,000 - $2,999,999: 0.75% $3,000,000 - $4,999,999: 0.65% $5,000,000+: 0.50%
Main office
744 W Lancaster Avenue, Suite 220
Wayne PA 19087
Advisors at this office
3
Most active in
Pennsylvania · Texas
Also doing business as
Proper Financial, LLC · Proper Retirement, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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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
Quick links
Advisors at this firm
Andrew S
Series 63, Series 65
Wayne, PA
Proper Financial, LLC
Andrew Stephens is a financial advisor at Proper Financial, LLC with nine years of industry experience. He holds Series 63 and Series 65 licenses and has previously worked at J.P. Morgan Securities LLC, J.P. Morgan Chase Bank, AXA Advisors, LLC, and multiple entities within the Thrive group. Proper Financial, LLC is a registered investment adviser managing approximately $65 million for around 122 individual and high-net-worth clients. The firm provides wealth management, discretionary portfolio management, and standalone financial planning, using fundamental analysis to build primarily long-term, diversified portfolios with low-cost mutual funds and ETFs.
Erik S
CFP®, Series 63
Wayne, PA
Proper Financial, LLC
Erik Schuster is a CFP® with 11 years of industry experience, currently serving at Proper Financial, LLC since 2024. His prior experience includes roles at Thrive Financial Services, Thrive Insurance Group, Thrive Capital Management, and THE Vanguard Group. Outside of advisory work, he is involved in insurance sales through Proper Retirement, LLC and participates in raising capital for real estate investments and joint ventures. Proper Financial, LLC is a small registered investment adviser managing approximately $65 million for individual and high-net-worth clients. The firm offers wealth management, discretionary portfolio management, and financial planning, operating as a fiduciary with a focus on fundamental analysis and diversified portfolios primarily composed of low-cost mutual funds and ETFs.
Grant F
Series 63, Series 66
Wayne, PA
Proper Financial, LLC
Grant Frederick is a financial advisor at Proper Financial, LLC with 23 years of industry experience. He holds Series 63 and Series 66 licenses. His prior roles include positions at Thrive Capital Management, Mass Mutual Investors Services, and Prudential Financial Planning Services. Outside of his advisory work, he is the owner of Enertel Solutions, a business brokering electric service providers. Proper Financial, LLC is a registered investment adviser serving individual and high-net-worth clients with wealth management, discretionary portfolio management, and financial planning. The firm focuses on long-term, diversified portfolios built primarily with low-cost mutual funds and ETFs, managing accounts on a discretionary basis and providing clients with institutional platform tools for oversight.
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