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Sjostrom Financial Planning Inc.

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

Clients per advisor

42

High

Average 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

Fixed

Financial planning minimum fee $500; two-hour limited review for $400

Percentage

$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%

Commissions

Commission-based compensation only for insurance products sold through affiliated insurance companies, disclosed separately and not part of advisory fees

Project-based

Hourly fee for limited financial planning projects or consulting assignments: $150/hour

Other

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

Illinois

Disclosures

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

Business activities & affiliations

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