Planned Solutions Financial & Insurance Services, Inc. (Folsom)

Name: Planned Solutions Financial & Insurance Services, Inc.
Address: 1130 Iron Point Road #170, Folsom, CA, 95630 8310
Telephone: 916-361-0100

Planned Solutions Financial & Insurance Services, Inc. is a large advisory firm based in Folsom. It manages $225.78 million of regulatory assets for 1,419 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Montana, and 5 other states.

Planned Solutions Financial & Insurance Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Planned Solutions Financial & Insurance Services: assets under management

The assets under management (AUM) of Planned Solutions Financial & Insurance Services, Inc. is $225.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 209% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $225.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.11 thousand each.

Planned Solutions Financial & Insurance Services has custody of $128.35 million in cash and securities for 279 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 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Planned Solutions Financial & Insurance Services, 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 Chase W Armer serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Chase W Armer is high net worth individuals with 74 clients and $120.29 million of assets under management. Among the 9 most similar advisory firms, Planned Solutions Financial & Insurance Services has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $225.78 million for 586 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.

Planned Solutions Financial & Insurance Services doesn't advise any private funds.

Careers at Planned Solutions Financial & Insurance Services, Inc.

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 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.

Chase W Armer has been acting as President since 1 Nov 2013. Shannon Michael Druivenga joined the executive team most recently as the Director Of Client Services.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Roger T Smith	President	1 Sep 1981	50% - 75%	712967
Harlan Dow Wood	Vice-president	1 Apr 1995	50% - 75%	1253722
Roger T Smith	Chief compliance officer	1 Sep 2004	75% - 100%	712967
Chase W Armer	Stockholder	1 Jan 2006	Other	4134404
Chase W Armer	Vice president	1 Jan 2008	Other	4134404
Chase W Armer	President	1 Nov 2013	75% - 100%	4134404
Catherine Louise Dunnam	Chief compliance officer	1 Mar 2014	Other	2308838
Shannon Michael Druivenga	Director of client services	1 Jun 2016	Other	4354559
Joel Robert Ransford	Financial planner	1 Jun 2016	Other	6030434

Based in Folsom

The principal office where Planned Solutions Financial & Insurance Services, Inc. performs its advisory services is located at 1130 Iron Point Road #170, Folsom, CA 95630 8310, 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 916-361-0100 or by fax 916-361-0191. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at plannedsolutions.com.