Center for Financial Planning provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Center for Financial Planning reports 1,496 clients. They include 1,088 individual clients and 408 high-net-worth individuals. Of its assets, 98.3% ($1.94B across 4,235 accounts) are managed with discretion; $33.6M across 50 accounts are not. A wrap fee program the firm both sponsors and manages holds $1.97B. Of its clients, 1% are outside the U.S. It advised 9 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 27% |
| High-net-worth individuals | 27% | 73% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,088 | $523M | 26.6% | $481K |
| High-net-worth individuals | 408 | $1.44B | 73.3% | $3.54M |
| Charitable organizations | Fewer than 5 | $228K | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $2.98M | 0.2% | — |
| Total | 1,496 | $1.97B | 100% | — |
- Clients
- 1,088
- Regulatory AUM
- $523M
- AUM share
- 26.6%
- Avg. per client
- $481K
- Clients
- 408
- Regulatory AUM
- $1.44B
- AUM share
- 73.3%
- Avg. per client
- $3.54M
- Clients
- Fewer than 5
- Regulatory AUM
- $228K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $2.98M
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 1,496
- Regulatory AUM
- $1.97B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 9
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Center for Financial Planning charges 0.30%–1.20% a year for its Ambassador Account. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.20% |
| $500K–$2M | 0.90% |
| $2M–$4M | 0.80% |
| $4M–$5M | 0.60% |
| $5M–$10M | 0.50% |
| $10M–$15M | 0.40% |
| $15M and above | 0.30% |
Fee details and sources
Other fees
- Financial Planning
- Planning fee is a fixed fee commonly ranging from $2,500 to $4,000, based on the time needed to design the plan.
Center for Financial Planning II, LLC owns 75% or more of Center for Financial Planning and is in turn owned by Timothy Wyman (25–50%). The leadership team of Center for Financial Planning includes Chief Investment Officer Angela Palacios and Chief Compliance Officer Timothy Wyman. It has 26 employees, 17 of them in advisory roles.
Leadership
- Timothy WymanChief Compliance Officer / Partner
- Sandra AdamsPartner
- Lauren AdamsManaging Partner
- Michael BrocavichPartner
- Nicholas DefenthalerChief Planning Officer / Partner
- Kali HassingerPartner
- Angela PalaciosChief Investment Officer / Partner
- Matthew TrujilloPartner
- Jason WagnerChief Operations Officer
Investment adviser representatives
17 representatives listed in the SEC register as of 9 October 2026.
- Lauren Elizabeth Adams
- Sandra Dee Adams
- Joshua Aaron Bitel
- Nicholas Paul Boguth
- Michael Shane Brocavich
- Nicholas George Defenthaler
- Logan Dimitrie
- Kali Ellen Hassinger
- Mallory Lynn Hunt
- Robert Lawrence Ingram II
- Jeanette Frances Lopiccolo
- Andrew Joseph O'Laughlin
- Angela Sue Palacios
- Mary Katherine Sheahan
- Amanda Colleen Toia
- Matthew Atanacio Trujillo
- Timothy Warren Wyman
Staff
- 26 employees
- 17 in advisory functions
- 17 state-registered reps
- 22 broker-dealer reps
- 12 insurance agents
- Owns 75% or more of Center for Financial Planning Inc
Center for Financial Planning II, LLC
Control person · since August 2026
- Owns 25% to 50% of Center for Financial Planning II, LLC
Timothy Wyman
Control person · since August 2026
Center for Financial Planning’s regulatory assets grew 1.5× from $1.29B (July 2021) to $1.97B (September 2026); clients rose from 925 to 1,496 and employees from 13 to 26.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.97B | 1,496 | 26 | 2 |
| June 2025 | $1.71B | 1,406 | 31 | 2 |
| March 2024 | $1.56B | 1,361 | 13 | 2 |
| March 2023 | $1.31B | 1,322 | 13 | 2 |
| March 2022 | $1.44B | 1,263 | 29 | 2 |
| July 2021 | $1.29B | 925 | 13 | 1 |
Besides its headquarters, Center for Financial Planning has 1 office, with 2 listed addresses in Michigan.
Michigan · 2 listed addresses
- 24800 Denso Drive, Suite 300, SouthfieldHQ
- 10192 Grand River, Brighton
Contact and registration details
- Legal name
- Center for Financial Planning Inc
- Headquarters
- 24800 Denso Drive, Suite 300, Southfield, MI 48033-7470
- Website
- centerfinplan.com
- Phone
- 248-948-7900
- @centerfinplan
- SEC file
- 801-65076
- Founded
- 1985
- Structure
- Michigan corporation
- Fiscal year end
- December
Center for Financial Planning uses Raymond James ($1.06B, 54%) and Raymond James ($913M, 46%) as custodians for its separately managed accounts. Center for Financial Planning has custody of $1.97B in client assets for 1,501 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $1.06B54%
- Raymond JamesRaymond James Trust Company of NH · Portsmouth, NH · $913M46%
At year end, Center for Financial Planning’s separately managed accounts were mostly in funds (84%) and stocks (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.07B across 666 positions; the largest are Vanguard Index Fds (35.3%), iShares TR (10.0%) and SPDR Index Shs Fds (7.9%).
What the accounts hold
- Stocks10%
- Funds84%
- Bonds4%
- State and local bonds3%
- Investment grade corporate bonds1%
- Cash2%
Reported 13F holdings
- $1.07B
- Reported 13F value
- 666
- Positions
- 77.2%
- In the 10 largest
- +11.7%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs35.3%
- iShares TR · Core US Aggbd ET10.0%
- SPDR Index Shs Fds · ST Str PO EX ETF7.9%
- Vanguard Index Fds · Small CP ETF7.3%
- Vanguard Index Fds · Mid Cap ETF5.1%
- iShares TR · Core MSCI Eafe3.9%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF3.3%
- iShares TR · MSCI USA Qlt Fct1.8%
- Berkshire Hathaway Inc. Del · CL A1.3%
- Vanguard Index Fds · SM CP Val ETF1.3%
Together, the ten largest are 77.2% of reported value.
How many clients does Center for Financial Planning have?
Center for Financial Planning has 1,496 clients and manages $1.97 billion for them, as of September 2026. They include 1,088 individual clients and 408 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 September 2026
What services does Center for Financial Planning offer?
Center for Financial Planning provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Center for Financial Planning charge?
Center for Financial Planning charges 0.30%–1.20% a year for its Ambassador Account. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Center for Financial Planning use?
Center for Financial Planning’s separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $1.06B and Raymond James Trust Company of NH (Portsmouth, NH), with $913M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 September 2026
How many financial advisors does Center for Financial Planning have?
Center for Financial Planning has 17 investment adviser representatives registered with state securities authorities, out of 26 employees, and 17 perform investment advisory functions. 22 employees are registered representatives of a broker-dealer and 12 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Center for Financial Planning invest in?
At the end of its last fiscal year, Center for Financial Planning’s separately managed accounts held 84% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 3% state and local bonds, 2% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Center for Financial Planning?
Center for Financial Planning is owned through a holding company by Timothy Wyman. Its direct owner is Center for Financial Planning II, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 11 September 2026
How does Center for Financial Planning get paid?
Center for Financial Planning is paid through a percentage of assets under management, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Center for Financial Planning registered with the SEC?
Yes, Center for Financial Planning has been registered with the SEC as an investment adviser since 4 January 2006. Its CRD number is 109599 and its SEC file number is 801-65076.
Source: Form ADV Part 1A, Item 1, filed 11 September 2026; IAPD firm record
How do I contact Center for Financial Planning?
Center for Financial Planning’s main office is at 24800 Denso Drive, Suite 300, Southfield, MI 48033-7470. Its phone number is 248-948-7900. Its website is centerfinplan.com.