Phillips Wealth Planners LLC

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Client assets under management

$328,767,754

Clients

312

37% high-net worth

Advisors

of 6 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

156

Very High

Average account size

$1,053,743

About

Phillips Wealth Planners provides discretionary wealth management, financial planning, and retirement plan advisory services to individuals, high‑net‑worth clients, families, trusts, estates, and small businesses. The firm’s Form ADV describes customized portfolio construction using individual equities, ETFs, individual bonds and mutual funds, as well as project‑based or ongoing financial planning and 3(38) retirement plan services.

The advisor takes a primarily long‑term approach while using both fundamental and technical analysis and may transact in shorter timeframes for rebalancing or tactical needs; portfolios are tailored to client goals, risk tolerance and stated restrictions. The brochure discloses use of third‑party platforms and unaffiliated independent managers for certain accounts and notes that the firm selects share classes with attention to tax and custodial constraints.

Compared with many peers, Phillips Wealth manages a relatively large asset base (about $341 million) with a small advisory team and discloses institutional relationships with its custodian that provide software and support. The firm’s public materials (the firm website is cited in the ADV) reference third‑party ratings, and the ADV/related disclosures indicate the firm may, in certain circumstances, utilize borrowing within managed accounts accessed through third‑party platforms or independent managers.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Wealth management Retirement plans for business owners (SEP, solo 401k) Cash flow / budgeting

Fee options

Fixed

Financial planning services may be charged as negotiated fixed fees based on scope and expected hours

Percentage

$0+: 0.35% to 2.00% annually (based on factors including scope, complexity, asset level, relationship complexity) $0+: Up to 2.00% annually for retirement plan advisory services (based on plan size and scope)

Commissions

Certain advisory persons are licensed insurance professionals earning commissions separately from advisory fees for insurance product sales

Project-based

Financial planning services hourly fees up to $300 per hour

Other

Account minimum: $5,000 Fee-only: Wealth management fees based on assets under management, financial planning fees charged hourly (up to $300/hour) or fixed fee engagements negotiated per project, retirement plan advisory fees asset-based up to 2.00%

Main office location

Phillips Wealth Planners LLC

104 West Lampkin Street

Starkville MS 39759, United States

Number of offices

Most active in

Alabama · Florida · Georgia · Louisiana · Mississippi · Tennessee · Texas

Disclosures

Business activities & affiliations

Is not 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.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Facebook Website (662) 324-2889

Advisors at this firm

Lynn P

CFP®, Series 63

Starkville, MS

Phillips Wealth Planners LLC

Lynn Phillips Gaines is a CFP® professional with 43 years of industry experience, currently serving at Phillips Wealth Planners LLC. She previously worked at Raymond James Financial Services Advisors, Inc. and operated Phillips Financial and Lynn Phillips Inc. Gaines is also involved in business ownership outside the advisory field, including a construction company and partnership in a separate LLC. Phillips Wealth Planners provides discretionary wealth management, financial planning, and retirement plan advisory services to individuals, families, trusts, estates, and small businesses. The firm employs a primarily long-term investment approach with strategic asset allocation and ongoing portfolio monitoring.

Wealth management Retirement plans for business owners (SEP, solo 401k) Cash flow / budgeting

Lauren B

CFP®, Series 63

Starkville, MS

Phillips Wealth Planners LLC

Lauren Black is a CFP® professional with 14 years of industry experience, currently serving as an advisor at Phillips Wealth Planners LLC since 2022. Her prior experience includes roles at Raymond James Financial Services Advisors and Phillips Financial. She is involved with the nonprofit Bridges Out of Poverty as Treasurer and holds several board positions in local educational organizations. Phillips Wealth Planners provides discretionary wealth management, financial planning, and retirement plan advisory services to individuals, families, trusts, estates, and small businesses. The firm employs a primarily long-term investment approach with strategic asset allocation, internal due diligence, and ongoing portfolio monitoring.

Wealth management Retirement plans for business owners (SEP, solo 401k) Cash flow / budgeting

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