S
Sjostrom Financial Planning Inc.
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$12,350,000
Clients
42
0% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
42
HighAverage account size
$294,048
About
The firm provides comprehensive financial planning and investment advisory services to a mix of individual clients (both high‑net‑worth and other individuals), pension and profit‑sharing plans, corporations, charities, estates and trusts. Its stated service offerings include investment planning, college education planning, income tax/cash‑flow advice, fringe‑benefit/employee‑benefit (pension) consulting, business continuity planning and estate planning, with portfolio construction and supervision integrated into the planning process.
The firm follows a client‑specific financial planning process — data gathering, goal setting, analysis, recommendations, implementation and ongoing monitoring — and emphasizes diversified asset allocation across mutual funds, ETFs and selected managers or individual securities where appropriate. It routinely uses third‑party institutional platforms and managers (including SEI and custodians such as TD Ameritrade, Vanguard and Fidelity), reviews performance quarterly, and rebalances portfolios as part of ongoing management.
Notable characteristics for a small, state‑registered advisory firm include an explicit focus on pension and profit‑sharing plan clients and pension consulting alongside individual wealth management, an affiliation as an insurance agent (disclosing commissions on insurance products placed through Ohio National), and a mix of engagement models — percentage‑of‑AUM asset management, limited hourly projects and two‑hour review engagements for clients who do not qualify for ongoing asset management. The practice is owner‑supervised, may act as a solicitor recommending third‑party managers, and discloses that it can receive modest reimbursements from institutional providers for client meetings or events.
Client services
Financial planning
Portfolio management
Pension consulting
Educational seminars or workshops
Expertise
College savings (529s, UTMA, etc.)
Income planning
Retirement plans for business owners (SEP, solo 401k)
Occupation focus
Founder/Business Owner
Retired
Fee options
Financial planning minimum fee $500; two-hour limited review for $400
$0 - $100,000: 1.25% Above $100,000 - $1,000,000: 1.00% $1,000,000 - $2,500,000: 0.80% $2,500,000 - $5,000,000: 0.60% Above $5,000,000+: 0.40%
Commission-based compensation only for insurance products sold through affiliated insurance companies, disclosed separately and not part of advisory fees
Hourly fee for limited financial planning projects or consulting assignments: $150/hour
Account minimum: $250,000 (may be waived at adviser’s discretion for referrals or family members) Minimum fee: Financial planning minimum fee $500; two-hour limited financial planning engagement $400; hourly consulting fee $150/hour Fee-only: Fees based on assets under management quarterly in arrears; financial planning fees fixed or hourly; no commissions included in advisory fees
Main office location
Sjostrom Financial Planning Inc.
Oak Park IL, United States
Number of offices
1
Most active in
Sjostrom Financial Planning Inc. has reported serving >5 clients in these states in the last 12 months.
Illinois
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:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
-
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.
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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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