LifePlan Financial provides financial planning and portfolio management for individuals and small businesses.
LifePlan Financial reports 255 clients. They include 192 individual clients and 63 high-net-worth individuals. Of its assets, 96.8% ($137M across 497 accounts) are managed with discretion; $4.5M across 24 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 75% | 37% |
| High-net-worth individuals | 25% | 63% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 192 | $51.7M | 36.7% | $269K |
| High-net-worth individuals | 63 | $89.3M | 63.3% | $1.42M |
| Total | 255 | $141M | 100% | $553K |
- Clients
- 192
- Regulatory AUM
- $51.7M
- AUM share
- 36.7%
- Avg. per client
- $269K
- Clients
- 63
- Regulatory AUM
- $89.3M
- AUM share
- 63.3%
- Avg. per client
- $1.42M
Total
- Clients
- 255
- Regulatory AUM
- $141M
- AUM share
- 100%
- Avg. per client
- $553K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
LifePlan Financial charges 1.00%–1.95% a year for its Investment Supervisory Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$100K | 1.95% |
| $100K–$250K | 1.70% |
| $250K–$1M | 1.45% |
| $1M–$2M | 1.20% |
| $2M and above | 1.00% |
Fee details and sources
Other fees
- Consulting
- Consulting is billed hourly at $125 to $300, depending on the complexity of the work and the individual doing it, and is due on completion.
- Variable Annuity Accounts
- Accounts holding variable annuities are charged an annual fee of 1.00%; their values are not included in the household's management fee tier calculation.
William Jamison owns 75% or more of LifePlan Financial. The leadership team of LifePlan Financial includes President William Jamison and Chief Compliance Officer Larry Kuyper. It has 7 employees, 2 of them in advisory roles.
Leadership
- William JamisonMember, President & Treasurer
- Larry KuyperVice President, Secretary & Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Lifeplan Financial, LLC
William Jamison
Control person · since January 2020
LifePlan Financial’s regulatory assets grew from $122M (March 2025) to $141M (February 2026); clients were 255 in both filings and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $141M | 255 | 7 | 2 |
| March 2025 | $122M | 251 | 7 | 2 |
Besides its headquarters, LifePlan Financial has 1 office (1 private residence, listed without an address), with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 226 N. Broad Street, MankatoHQ
Contact and registration details
- Legal name
- Lifeplan Financial, LLC
- Headquarters
- 226 N. Broad Street, Mankato, MN 56001
- Website
- lifeplan-financial.com
- Phone
- 507-625-3507
- SEC file
- 801-131454
- Structure
- Minnesota LLC
- Fiscal year end
- December
LifePlan Financial uses Charles Schwab ($138M) as custodian for its separately managed accounts. LifePlan Financial has custody of $85.2M in client assets for 257 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $138M100%
At year end, LifePlan Financial’s separately managed accounts were mostly in funds (54%) and stocks (41%). Its reported 13F holdings for the quarter ended 30 June 2026 total $143M across 89 positions; the largest are SPDR Series Trust (7.6%), iShares Gold TR (6.9%) and Select Sector SPDR TR (6.6%).
What the accounts hold
- Stocks41%
- Exchange-traded equities40%
- Non-exchange-traded equities1%
- Funds54%
- Cash3%
- Other2%
- Variable annuities2%
Reported 13F holdings
- $143M
- Reported 13F value
- 89
- Positions
- 41.1%
- In the 10 largest
- +5.5%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500grw7.6%
- iShares Gold TR · iShares New6.9%
- Select Sector SPDR TR · ST Str Stapl ETF6.6%
- Select Sector SPDR TR · ST Str Mater ETF5.3%
- Amplify ETF TR · Blackswan Grwt3.4%
- Vanguard Scottsdale Fds · Inter Term Treas3.2%
- iShares TR · Ibonds 27 ETF2.0%
- iShares TR · Ibds Dec28 ETF2.0%
- iShares TR · Ibonds Dec 292.0%
- iShares TR · Ibonds Dec 20302.0%
Together, the ten largest are 41.1% of reported value.
How many clients does LifePlan Financial have?
LifePlan Financial has 255 clients and manages $141 million for them, as of February 2026. They include 192 individual clients and 63 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 February 2026
What services does LifePlan Financial offer?
LifePlan Financial provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does LifePlan Financial charge?
LifePlan Financial charges 1.00%–1.95% a year for its Investment Supervisory Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: LIFEPLAN FINANCIAL ADV PART 2A, filed 24 February 2026
Which custodians does LifePlan Financial use?
LifePlan Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $138M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 February 2026
How many financial advisors does LifePlan Financial have?
LifePlan Financial has 2 investment adviser representatives registered with state securities authorities, out of 7 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 LifePlan Financial invest in?
At the end of its last fiscal year, LifePlan Financial’s separately managed accounts held 54% registered funds (mutual funds, ETFs, BDCs), 40% exchange-traded equities, 3% cash and equivalents, 2% other and 1% non-exchange-traded equities. The 2% other category is described as: Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns LifePlan Financial?
LifePlan Financial’s direct owner is William Jamison (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 February 2026
How does LifePlan Financial get paid?
LifePlan Financial is paid through a percentage of assets under management and hourly charges. 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
How do I contact LifePlan Financial?
LifePlan Financial’s main office is at 226 N. Broad Street, Mankato, MN 56001. Its phone number is 507-625-3507. Its website is lifeplan-financial.com.