Palen Financial LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$39,833,459
Total clients
146
5% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
146
Average account size
$272,832
About
Palen Financial serves individuals, high‑net‑worth individuals, and pension/profit‑sharing plans with ongoing portfolio management, retirement plan administration, and financial planning. The firm documents each relationship with a written Investment Policy Statement and offers both fixed‑fee and hourly planning services alongside discretionary investment supervision.
The firm manages accounts using both long‑term and short‑term trading strategies informed by third‑party research sources such as Morningstar and Market Edge, and it typically requests discretionary authority to execute transactions. Client accounts are reviewed at least annually by the firm, and clients receive monthly account statements from the custodian.
A feature that distinguishes the firm from many solo independent advisers is its inclusion of insurance products—annuities, life insurance, long‑term care and disability insurance—among the types of investments it may use and advise on as part of financial planning. The brochure also notes that clients are required to use the firm’s recommended custodian (which the firm acknowledges could affect execution options), and the firm states it does not accept outside sales compensation such as 12b‑1 fees.
Client services
Financial planning
Portfolio management
Expertise
Long-term care insurance
Disability insurance
Annuities
Fee options
$500 to $1,000 for financial planning services
$1 - $200,000: 1.55% $200,001 - $400,000: 1.40% $400,001+: 1.30%
$162.00 per hour for financial planning services
Account minimum: $500,000
Main office location
Palen Financial LLC
Davenport IA, United States
Number of offices
2
Most active in
Palen Financial LLC has reported serving >5 clients in these states in the last 12 months.
Illinois · Iowa
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 active or affiliated with:
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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.
Forms ADV
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