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Spark Financial Advisors

Updated today

Total assets under management

$115,811,162

Total clients

145

26% high-net worth

Total advisors

4

of 5 employees

Firm size

Team

4-10 advisors or $500M+ in AUM

Average clients per advisor

36

Average account size

$798,698

Client services

Financial planning Portfolio management

Fee options

Fixed

Upfront Comprehensive Financial Planning fee $0 - $5,000 depending on complexity; additional flat-dollar upward adjustments $500-$5,000 for complexity

Percentage

$0 - $1,000,000: 1.0% $1,000,001 - $5,000,000: 0.75% $5,000,001 - $7,000,000: 0.5% Above $7,000,001+: 0.25% $0 - $3,000,000: 0.50% of Plan assets (Employee Benefit Plan Services) $3,000,001 - $5,000,000: $15,000 plus 0.40% of Plan assets exceeding $3,000,000 (Employee Benefit Plan Services) $5,000,001 - $10,000,000: $23,000 plus 0.25% of Plan assets exceeding $5,000,000 (Employee Benefit Plan Services) $10,000,001+: $35,500 plus 0.10% of Plan assets exceeding $10,000,001 (Employee Benefit Plan Services)

Project-based

Financial Planning hourly fee $300 per hour; Outsourced Financial Planning hourly fee $300 per hour for hours above monthly minimum

Other

Minimum fee: Minimum annual fee of $3,000 for new Plan Sponsor clients for Employee Benefit Plan Services; $5,000 minimum annual fee for Wealth Management and Comprehensive Investment Management clients Fee-only: Financial Planning hourly rate of $300 per hour; Outsourced Financial Planning ongoing monthly fee $2,000-$5,000 plus additional hourly fees at $300/hour

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Main office location

Spark Financial Advisors

7130 Glen Forest Drive, Suite 110

Richmond VA 23226, United States

Number of offices

2

Advisors at this firm

Lauren Z

CFP®, CIMA®

Richmond, VA

Spark Financial Advisors

Hi, I’m Lauren Zangardi Haynes, CFP®, CIMA® and founder of Spark Financial Advisors. At Spark Financial Advisors we are focused on helping high earning women, dual-career couples & business owners put an effective strategy in place to build wealth, manage taxes, and spend more time doing what they love. Our clients gain peace of mind knowing their finances are outsourced to a highly qualified team with expertise in building wealth and transitioning into retirement. I got my start in the financial services industry in 2005 with Bank of America. While working for U.S. Trust Bank of America Private Wealth Management I attained my CFP® designation and became a Certified Investment Management Analyst (CIMA®). I transitioned to a smaller Fee-Only financial planning firm to get broader experience beyond investment management and haven’t looked back. I have been quoted in the New York Times, Wall Street Journal, Forbes, USA Today, U.S. News and World Report among others, and have written for Richmond Family Magazine. I previously served on the South Region Board for the National Association of Personal Financial Advisors (NAPFA) the leading organization for fiduciary, Fee-Only financial planners. When I’m not geeking out on financial planning I like to spend time with my husband and 3 kids, read, watch stand-up comedy, and (attempt to) garden.

Business ownership considerations Business exit / sale strategy Business succession planning Dual Income Family Women Professionals Gen X (Born 1965-1980)
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Michelle O

CFP®, Series 65

Richmond, VA

Spark Financial Advisors

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Suzanne G

CFP®, Series 66

Richmond, VA

Spark Financial Advisors

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