The Retirement Planning Center
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The Retirement Planning Center is an independent, sole‑proprietorship advisory firm that provides ongoing portfolio management, written financial planning, one‑time and as‑needed consultations, and variable sub‑account management for annuity and variable life contracts. The firm primarily works with individual clients and commonly implements portfolios using mutual funds and variable annuity sub‑accounts.
Advisory services are tailored through interviews and questionnaires and emphasize long‑term strategic asset allocation, fundamental analysis and periodic monitoring, with managed accounts reviewed at least quarterly. Although the firm describes a discretionary program for exchanges among variable sub‑accounts, it reports that its client assets are managed predominantly on a non‑discretionary basis, meaning clients frequently approve or direct transaction implementation.
What distinguishes the firm from many peers is the advisor’s simultaneous role as a registered representative of a broker‑dealer and as a licensed insurance agent, and the resulting ability to implement recommendations on a commission basis or receive 12b‑1 trail fees. The brochure discloses steps intended to address these conflicts—such as discussing implementation options with clients and restricting management of contracts sold by the advisor for a period—while the firm remains small in both assets and client count compared with typical independent advisors.
Client services
Expertise
Demographic focus
Fee options
Generally $1,500 fixed fee for financial planning services
1.00% annually
$185 per hour
Main office
Bovey MN
Advisors at this office
1
Most active in
Iowa · Minnesota
Also doing business as
Connolly Sr., Stephen W. · The Retirement Planning Center
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.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
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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
Advisors at this firm
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