Phillips Wealth Planners provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, insurance, and philanthropic planning. Financial planning was provided to 101–250 clients last fiscal year.
Phillips Wealth Planners reports 321 clients. They include 198 individual clients, 114 high-net-worth individuals, and 9 pension and profit-sharing plans. Of its assets, 97.5% ($332M across 2,970 accounts) are managed with discretion; $8.38M across 16 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 20% |
| High-net-worth individuals | 36% | 76% |
| Pension and profit-sharing plans | 3% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 198 | $69.2M | 20.3% | $350K |
| High-net-worth individuals | 114 | $260M | 76.2% | $2.28M |
| Pension and profit-sharing plans | 9 | $12M | 3.5% | $1.34M |
| Total | 321 | $341M | 100% | $1.06M |
- Clients
- 198
- Regulatory AUM
- $69.2M
- AUM share
- 20.3%
- Avg. per client
- $350K
- Clients
- 114
- Regulatory AUM
- $260M
- AUM share
- 76.2%
- Avg. per client
- $2.28M
- Clients
- 9
- Regulatory AUM
- $12M
- AUM share
- 3.5%
- Avg. per client
- $1.34M
Total
- Clients
- 321
- Regulatory AUM
- $341M
- AUM share
- 100%
- Avg. per client
- $1.06M
- 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
- 101–250
Phillips Wealth Planners charges 0.35%–2.00% a year for its Wealth Management Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Hourly fees of up to $300 an hour, or a fixed fee negotiated from the expected hours; up to 50% of the expected fee may be invoiced on signing.
Lynn Phillips-Gaines owns 50% to 75% of Phillips Wealth Planners. The leadership team of Phillips Wealth Planners includes Chief Compliance Officer Amy Hart. It has 6 employees, 2 of them in advisory roles.
Leadership
- Amy HartRelationship Manager / Chief Compliance Officer
- Lauren BlackMember / Partner / Compliance Officer
- Lynn Phillips-GainesManaging Member
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Lauren Castle Black
- Lynn Marie Phillips-Gaines
Staff
- 6 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Phillips Wealth Planners LLC
Lynn Phillips-Gaines
Control person · since March 2022
- Owns 25% to 50% of Phillips Wealth Planners LLC
Lauren Black
Control person · since March 2022
Phillips Wealth Planners’ regulatory assets grew Infinity× from $0 (July 2022) to $341M (March 2026); employees fell from 7 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $341M | 321 | 6 | 1 |
| March 2025 | $287M | 225 | 7 | 1 |
| June 2024 | $262M | 230 | 7 | 1 |
| June 2023 | $240M | 223 | 8 | 1 |
| July 2022 | $0 | 0 | 7 | 1 |
Besides its headquarters, Phillips Wealth Planners has 0 offices, with 1 listed address in Mississippi.
Mississippi · 1 listed address
- 104 West Lampkin Street, StarkvilleHQ
Contact and registration details
- Legal name
- Phillips Wealth Planners LLC
- Headquarters
- 104 West Lampkin Street, Starkville, MS 39759
- Website
- phillipswealthplanners.com
- Phone
- 662-324-2889
- SEC file
- 801-126127
- Structure
- Mississippi LLC
- Fiscal year end
- December
Phillips Wealth Planners uses Raymond James ($332M) as custodian for its separately managed accounts. Phillips Wealth Planners does not have custody of client assets.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $332M100%
At year end, Phillips Wealth Planners’ separately managed accounts were mostly in stocks (76%) and bonds (16%). Its reported 13F holdings for the quarter ended 30 June 2026 total $136M across 217 positions; the largest are Vanguard Index Fds (4.6%), Microsoft Corp. (2.6%) and Broadcom Inc. (1.9%).
What the accounts hold
- Stocks76%
- Bonds16%
- High-yield corporate bonds7%
- State and local bonds6%
- Investment grade corporate bonds3%
- Cash8%
Reported 13F holdings
- $136M
- Reported 13F value
- 217
- Positions
- 20.0%
- In the 10 largest
- +2.1%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs4.6%
- Microsoft Corp.2.6%
- Broadcom Inc.1.9%
- JPMORGAN Chase & CO1.8%
- Select Sector SPDR TR · ST Str Techn ETF1.8%
- iShares TR · Core MSCI Euro1.6%
- Apple Inc.1.5%
- Abbvie Inc.1.4%
- Select Sector SPDR TR · ST Str Finl ETF1.4%
- Walmart Inc.1.4%
Together, the ten largest are 20.0% of reported value.
How many clients does Phillips Wealth Planners have?
Phillips Wealth Planners has 321 clients and manages $341 million for them, as of March 2026. They include 198 individual clients, 114 high-net-worth individuals, and 9 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 March 2026
What services does Phillips Wealth Planners offer?
Phillips Wealth Planners provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, insurance, and philanthropic 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 Phillips Wealth Planners charge?
Phillips Wealth Planners charges 0.35%–2.00% a year for its Wealth Management Services. The fee is billed in advance and is negotiable.
Source: PHILLIPS WEALTH DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 4 March 2026
Which custodians does Phillips Wealth Planners use?
Phillips Wealth Planners’ separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $332M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 March 2026
How many financial advisors does Phillips Wealth Planners have?
Phillips Wealth Planners has 2 investment adviser representatives registered with state securities authorities, out of 6 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 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 Phillips Wealth Planners invest in?
At the end of its last fiscal year, Phillips Wealth Planners’ separately managed accounts held 76% exchange-traded equities, 8% cash and equivalents, 7% high-yield corporate bonds, 6% state and local bonds and 3% 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 Phillips Wealth Planners?
Phillips Wealth Planners’ direct owners are Lynn Phillips-Gaines (50% to 75%) and Lauren Black (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 4 March 2026
How does Phillips Wealth Planners get paid?
Phillips Wealth Planners is paid through a percentage of assets under management, hourly charges 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
Is Phillips Wealth Planners registered with the SEC?
Yes, Phillips Wealth Planners has been registered with the SEC as an investment adviser since 21 July 2022. Its CRD number is 319226 and its SEC file number is 801-126127.
Source: Form ADV Part 1A, Item 1, filed 4 March 2026; IAPD firm record
How do I contact Phillips Wealth Planners?
Phillips Wealth Planners’ main office is at 104 West Lampkin Street, Starkville, MS 39759. Its phone number is 662-324-2889. Its website is phillipswealthplanners.com.