Modern Financial Planning provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 51–100 clients last fiscal year.
Modern Financial Planning reports 72 clients. They include 49 high-net-worth individuals and 23 individual clients. Of its assets, 100.0% ($116M across 305 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 32% | 22% |
| High-net-worth individuals | 68% | 78% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 23 | $25M | 21.6% | $1.09M |
| High-net-worth individuals | 49 | $91M | 78.4% | $1.86M |
| Total | 72 | $116M | 100% | $1.61M |
- Clients
- 23
- Regulatory AUM
- $25M
- AUM share
- 21.6%
- Avg. per client
- $1.09M
- Clients
- 49
- Regulatory AUM
- $91M
- AUM share
- 78.4%
- Avg. per client
- $1.86M
Total
- Clients
- 72
- Regulatory AUM
- $116M
- AUM share
- 100%
- Avg. per client
- $1.61M
- 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
- 51–100
Modern Financial Planning charges 0.35%–1.20% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.20% |
| $500K–$1M | 0.90% |
| $1M–$2M | 0.80% |
| $2M–$3M | 0.70% |
| $3M and above | 0.35% |
Fee details and sources
Other fees
- Project-Based Financial Planning
- Fixed fees typically range from $500 to $8,000 per project, or hourly at $400 an hour billed in 15-minute increments.
Michael Troxell owns 75% or more of Modern Financial Planning. The leadership team of Modern Financial Planning includes Chief Compliance Officer Michael Troxell. It has 2 employees.
Leadership
- Michael TroxellPrincipal Owner & Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Modern Financial Planning, LLC
Michael Troxell
Control person · since April 2018
Besides its headquarters, Modern Financial Planning has 0 offices, with 1 listed address in Texas.
Texas · 1 listed address
- 501 South Austin Avenue, Suite 1220-312, GeorgetownHQ
Contact and registration details
- Legal name
- Modern Financial Planning, LLC
- Headquarters
- 501 South Austin Avenue, Suite 1220-312, Georgetown, TX 78626
- Website
- modernfp.com
- Phone
- 510-519-7009
- @modern-financial-planning
- SEC file
- 801-134822
- Structure
- California LLC
- Fiscal year end
- December
Modern Financial Planning uses Charles Schwab ($116M) as custodian for its separately managed accounts. Modern Financial Planning does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $116M100%
At year end, Modern Financial Planning’s separately managed accounts were mostly in funds (83%) and cash (11%).
What the accounts hold
- Stocks6%
- Funds83%
- Cash11%
How many clients does Modern Financial Planning have?
Modern Financial Planning has 72 clients and manages $116 million for them, as of March 2026. They include 49 high-net-worth individuals and 23 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 March 2026
What services does Modern Financial Planning offer?
Modern Financial Planning 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 Modern Financial Planning charge?
Modern Financial Planning charges 0.35%–1.20% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Modern Financial Planning use?
Modern Financial Planning’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $116M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 March 2026
How many financial advisors does Modern Financial Planning have?
Modern Financial Planning has 2 investment adviser representatives registered with state securities authorities, out of 2 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 Modern Financial Planning invest in?
At the end of its last fiscal year, Modern Financial Planning’s separately managed accounts held 83% registered funds (mutual funds, ETFs, BDCs), 11% cash and equivalents and 6% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Modern Financial Planning?
Modern Financial Planning’s direct owner is Michael Troxell (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 16 March 2026
How does Modern Financial Planning get paid?
Modern Financial Planning is paid through a percentage of assets under management and fixed fees. 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 Modern Financial Planning?
Modern Financial Planning’s main office is at 501 South Austin Avenue, Suite 1220-312, Georgetown, TX 78626. Its phone number is 510-519-7009. Its website is modernfp.com.