Is creative planning a fiduciary?

Services offered by Creative Planning For institutions, Creative Planning offers consulting, plan design and fiduciary services for workplace 401(k) retirement plans. This includes employee education programs for those enrolled in the plans.

Who founded Creative planning?

Peter Mallouk

Creative Planning was founded in 1983 in Overland Park, Kansas, a suburb of Kansas City, Missouri. Peter Mallouk acquired the company in 2004 after working for the firm for five years as an estate planner.

What’s a RIA?

A registered investment advisor (RIA) is an individual or firm that advises clients on their investments and may manage their investment portfolios. RIAs are registered with either the U.S. Securities and Exchange Commission (SEC) or state securities administrators.

Is creative planning an RIA?

Creative Planning, an active acquirer in the registered investment advisor space, has landed one of its biggest deals yet, announcing plans to purchase Reilly Financial Advisors, a California firm with more than $2 billion in client assets under management.

What custodian does creative planning use?

Peter Mallouk recently chatted with WealthManagement.com about Creative Planning’s big bet on the 401(k) space, his acquisition strategy going forward and taking on Goldman Sachs as a custody partner.

Is Vanguard a fiduciary?

Vanguard Personal Advisor Services is held to fiduciary standards under applicable regulations. (Meaning our advisors are required to act in your best interests at all times.) Also, our advisors don’t receive commissions.

How does creative planning get paid?

Fees Under Creative Planning

The vast majority of fees Creative Planning charges operate on an annualized, asset-based fee schedule. In other words, the value of your portfolio dictates what rates you pay. The more assets you have invested with the firm, the lower the percentage drops.