Life Planning Alliance, LLC (Purchase)

Life Planning Alliance, LLC is a related adviser based in Purchase. It manages $23.16 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of New York and Texas.

Life Planning Alliance provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Life Planning Alliance: assets under management

The assets under management (AUM) of Life Planning Alliance, LLC is $23.16 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $23.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.57 million each.

Life Planning Alliance has custody of $4.86 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 33% of the total AUM. The second-largest asset type is state and local bonds, which make up 33% of the firm’s portfolio. Investments in investment and business development companies form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Life Planning Alliance, LLC 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 Life Planning Alliance serves?

The only and largest group of clients of Life Planning Alliance is high net worth individuals with 6 clients and $20.8 million of assets under management. Among the 0 most similar advisory firms, Life Planning Alliance has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $20.8 million for 6 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.

Life Planning Alliance doesn't advise any private funds.

Careers at Life Planning Alliance, LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Wealth Solutions	Member	1 Mar 2017	50% - 75%	126113
Altium Wealth Management Llc	Member	1 Mar 2017	50% - 75%	154719
Louis C Grassi	Manager	1 Mar 2017	Other	4334554
Ronald John Eagar	Manager	1 Mar 2017	Other	4334576
Anthony John Destefano	Manager	1 Mar 2017	Other	1980640
Mitchell Scott Brill	Manager	1 Mar 2017	Other	4244594
Robert Joseph Sypher	Chief compliance officer	1 May 2018	Other	2430441

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Grassi Group	Member	1 Jan 2008	75% - 100%	26-3109364
Louis C Grassi	Shareholder	1 Jan 2008	75% - 100%	4334554

Based in Purchase

The principal office where Life Planning Alliance, LLC performs its advisory services is located at 2500 Westchester Avenue, Purchase, NY 10577, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-780-0074. The normal business hours are 9:00am - 5:00pm on Monday - Friday.