Plancorp: Platform Profile

Overview

Plancorp is an SEC-registered, fee-only wealth manager.

Current regulatory identity:

• Investment adviser: Plancorp, LLC
• CRD: 106599
• SEC number: 801-20398

Current public access rule:

• Minimum annual individual fee: $12,000

Current public graduated AUM schedule begins at 1.00% and declines to 0.30% on the highest marginal tier.

The regulatory brochure also allows client-specific calculations and legacy arrangements.

May fit better for

• clients seeking fee-only planning and investment management;
• households able to justify a $12,000 annual minimum fee;
• families wanting transparent progressive public pricing;
• clients who value evidence-based portfolio construction;
• households seeking family-office services at larger wealth levels;
• clients comfortable with third-party custody.

May fit less well for

• small portfolios where $12,000 creates a high effective percentage;
• investors seeking a free or low-cost robo;
• clients who assume no account minimum means no minimum fee;
• users who expect the public schedule to override a negotiated or legacy agreement;
• investors wanting all private or outside-manager costs included.

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Plancorp, LLC is the adviser

Current IAPD:

• Investment adviser: Plancorp, LLC
• CRD: 106599
• SEC number: 801-20398
• SEC registration status: Approved

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There is no account minimum

Current public wealth-management FAQ:

Plancorp states that a client can become a client without satisfying a minimum account balance.

That does not make every relationship economically appropriate at a small balance.

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Minimum annual fee for individuals is $12,000

Current public pages:

• Minimum annual individual fee: $12,000

At $1.2 million:

$12,000 ÷ $1,200,000 = 1.00%

Plancorp itself uses approximately $1.2 million as the asset level aligning with the minimum under its 1.00% first-tier public fee.

At smaller balances, the minimum can create a higher effective percentage.

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Current public fee schedule is progressive

Public schedule:

• First 2m: 1.00%
• Next 2m: 0.80%
• Next 2m 4m to 6m: 0.60%
• Next 4m 6m to 10m: 0.50%
• Next 15m 10m to 25m: 0.45%
• Next 20m 25m to 45m: 0.40%
• Next 30m 45m to 75m: 0.35%
• Over 75m: 0.30%
• Public schedule progressive: Yes

Each rate applies to the applicable marginal band under the public schedule.

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Fee math at $6 million

First $2 million:

$2,000,000 × 1.00% = $20,000

Next $2 million:

$2,000,000 × 0.80% = $16,000

Next $2 million:

$2,000,000 × 0.60% = $12,000

Illustrative annual fee:

$48,000

Average:

0.80%

This excludes other investment and custody costs.

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Regulatory disclosure allows other calculation methods

Current regulatory material permits fee schedules that can differ by agreement.

The public schedule is useful.

It does not justify overwriting a different signed client agreement.

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Stand-alone planning also has a $12,000 minimum reference

Current regulatory disclosure disclosures show:

• Standalone financial planning minimum flat fee: $12,000/year

Keep this separate from the wealth-management annual minimum even though the amounts currently match.

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Family-office service has a $15 million public reference

Current family-office page:

• Family office asset: $15,000,000+

Plancorp minimum = $15 million.

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Third-party manager fees can be additional

Current regulatory disclosure:

• Third party manager fee additional possible: Yes

A client can pay:

• Plancorp advisory fee;
• outside-manager fee;
• investment-product expenses;
• custody or transaction costs.

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No performance-based fees

Current regulatory disclosure:

• Performance based fee: No

This does not mean a third-party private fund held by a client cannot have incentive economics.

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No wrap-fee program

Current regulatory disclosure:

• Wrap fee program: No

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Custody is third-party

Current public FAQ identifies third-party custodians, including Schwab and Fidelity, while older materials can still reference TD Ameritrade.

Assessment

Plancorp's access rule and economic minimum point in different directions.

There is no account-size minimum.

There is a $12,000 annual minimum fee.

That makes portfolio size relevant even though it is not an eligibility requirement.

The public graduated schedule is unusually transparent, but the review still needs a client-agreement guard because regulatory disclosure permits other negotiated or legacy calculation methods.