Lifeplan Financial Group, Inc. (Miamisburg)

Name: Lifeplan Financial Group, Inc.
Address: 10050 Innovation Drive, Miamisburg, OH, 45342
Telephone: 937-438-8000

Lifeplan Financial Group, Inc. is a large advisory firm based in Miamisburg. It manages $307.81 million of regulatory assets for 1,852 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Florida, Georgia, and 8 other states.

Lifeplan Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and as needed, provide advice to clients on matters not involving securities. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lifeplan Financial Group: assets under management

The assets under management (AUM) of Lifeplan Financial Group, Inc. is $307.81 million. The firm's AUM has grown by 200% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $285.12 million in discretionary accounts and $22.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $103.6 thousand.

Lifeplan Financial Group has custody of $61.08 million in cash and securities for 214 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 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lifeplan Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tyrone Conway Phillippi serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Tyrone Conway Phillippi is individuals with 468 clients and $200.79 million of assets under management. Among the 8 most similar advisory firms, Lifeplan Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $306.12 million for 517 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.

Lifeplan Financial Group doesn't advise any private funds.

Careers at Lifeplan Financial Group, Inc.

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Tyrone Conway Phillippi has been acting as President since 1 Jan 2006. Christopher Jay Buck joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dana Lee Hypes	President	1 Aug 1989	25% - 50%	1238257
Michael Crawford	Chief executive officer	1 Sep 1989	25% - 50%	1197661
Tyrone Conway Phillippi	Vice-president	1 Feb 2002	Other	2286509
Dana Lee Hypes	Chief executive officer	1 Jan 2006	75% - 100%	1238257
Tyrone Conway Phillippi	President/ chief compliance officer	1 Jan 2006	25% - 50%	2286509
Michael Crawford	Co-founder/strategic advisor	1 Jan 2006	25% - 50%	1197661
Christopher Jay Buck	Vice president	1 Jul 2007	Other	2625902

Based in Miamisburg

The principal office where Lifeplan Financial Group, Inc. performs its advisory services is located at 10050 Innovation Drive, Miamisburg, OH 45342, 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 937-438-8000 or by fax 937-438-5885. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at lifeplanfg.com.