Thoughtful Financial Planning, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$6,768,558
Clients
20
10% 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
20
LowAverage account size
$338,428
About
The firm provides financial planning and investment management primarily to individual clients through an ongoing consulting service and shorter project-based engagements. It is a fee-only, independent practice run by a single advisor and does not sell commissioned insurance or annuity products nor act as custodian for client assets.
The firm follows a Modern Portfolio/Efficient Market approach, building asset-allocation based portfolios with periodic rebalancing and written investment policy documentation; investment recommendations are provided but the advisor operates on a non-discretionary basis, obtaining client approval before executing trades. Clients receive written plans, regular reviews and access by phone or email, and the advisor does not employ third‑party money managers for portfolio implementation.
What is notable about this firm is its primarily non‑discretionary asset base — the practice reports essentially all assets as non‑discretionary, which is uncommon among independents — and its small, boutique scale (about 20 clients). The firm also combines a negotiable, AUM‑based monthly planning/management fee model with tiered project‑based flat‑fee and hourly offerings, operates as a CFP‑credentialed, fee‑only sole practitioner, and discloses no external compensation from third‑party referrals.
Client services
Financial planning
Portfolio management
Expertise
General retirement planning
General tax planning
Fee options
Thoughtful Steps fixed fees: First Step $212.50; Tier 1 $850; Tier 2 $1,700; Tier 3 $3,400; Tier 4 custom negotiated
$0 - $1,000,000: 1.0% annually $1,000,001 - $2,000,000: 0.8% annually $2,000,001 - $4,000,000: 0.6% annually $4,000,001 - $6,000,000: 0.4% annually $6,000,001+: 0.3% annually
$425 per hour for one-time consulting services (Thoughtful Hours)
Negotiable flat monthly fee based on tiered percentage of assets, billed monthly; minimum monthly fees of $281 or $392 depending on client arrangement
Minimum fee: $281 per month for 1 client; $392 per month for 2 or more clients planning together or 1 legally married client planning without their spouse Fee-only: Fee-only financial planning and investment management firm; hourly fees of $425 per hour for consulting (Thoughtful Hours); fixed fees for project-based planning (Thoughtful Steps) ranging from $212.50 to negotiable custom fees
Main office location
Thoughtful Financial Planning, LLC
314 Clifton Avenue, Suite 105
Minneapolis MN 55403, United States
Number of offices
1
Most active in
Thoughtful Financial Planning, LLC has reported serving >5 clients in these states in the last 12 months.
Minnesota
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 not active or affiliated with:
-
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.
-
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.
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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
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