The Planning Center, Inc. (Moline)

Name: The Planning Center, Inc.
Address: 1615 5 Th Avenue, Moline, IL, 61265
Telephone: 309-797-4030

The Planning Center, Inc. is a large advisory firm based in Moline. It manages $708.72 million of regulatory assets for 2,834 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alaska, Arizona, California, and 18 other states.

The Planning Center provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and tax planning. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Planning Center: assets under management

The assets under management (AUM) of The Planning Center, Inc. is $708.72 million. The firm's AUM has grown by 330% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $650.08 million in discretionary accounts and $58.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $298.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $89.81 thousand.

The Planning Center has custody of $60.78 million in cash and securities for 127 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Planning Center, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Martin Floyd Kurtz serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Martin Floyd Kurtz is high net worth individuals with 216 clients and $458.4 million of assets under management. Among the 9 most similar advisory firms, The Planning Center has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $708.72 million for 1,168 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

The Planning Center doesn't advise any private funds.

Careers at The Planning Center, Inc.

The company employs 20 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

The Planning Center, Inc. is owned by Joseph Jeffry Sessions. Martin Floyd Kurtz has been acting as President since 1 Jan 2001. Hank Jude Boudreaux joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Martin Floyd Kurtz	President	1 Jan 2001	75% - 100%	1365246
Susan Joyce Serre	Chief compliance officer	1 Sep 2005	Other	4221161
Martin Floyd Kurtz	Owner	1 May 2008	25% - 50%	1365246
Eric Hamilton Kies	President, chief compliance officer, owner	1 Jun 2008	Other	4056054
Matthew Allen Sivertsen	Vice president, owner	1 Jun 2008	Other	5455790
Matthew Allen Sivertsen	Treasurer	1 Jun 2010	Other	5455790
Andrew Charles Sivertsen	Secretary	1 Dec 2013	Other	5839836
Joseph Jeffry Sessions	Owner	1 Jan 2014	Other	4492591
John Scott Longstaff	Owner	1 Jan 2014	Other	1203969
Joseph Jeffry Sessions	Owner	1 Sep 2014	Other	4492591
John Scott Longstaff	Owner	1 Sep 2014	Other	1203969
Michelle Louise Maton	Treasurer, owner	1 Sep 2015	Other	4346722
Cicily Carson Maton	Owner	1 Sep 2015	Other	1325339
Hank Jude Boudreaux	Partner	1 Sep 2017	Other	4274831
Michael Anthony Branham	Partner	1 Sep 2017	Other	3193430

Based in Moline

The principal office where The Planning Center, Inc. performs its advisory services is located at 1615 5 Th Avenue, Moline, IL 61265, which is also the mailing address of the firm. An additional office of the firm is in New Orleans, LA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 309-797-4030 or by fax 309-797-4026. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at theplanningcenter.com and its LinkedIn profile.