Lamke Financial LLC fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed April 3, 2024. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$190/hr

“Although our hourly undiscounted rate is $190 per hour, and typical plan range from 25-45 hours to prepare and communicate, the cost of the comprehensive plan normally falls in the $3,000 - $4,500 range.”

Flat or project fee

$3,000⁠-⁠$4,500

From the same sentence as above.

Annual fee

$1,500/yr

“Under this subscription approach, up to 12 hours of annual advisor time will be available for an annual fee of $1,500.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Lamke Financial LLC’s fees compare

• Its hourly rate of $190 is below the Illinois median of $273. 13% of the 215 other Illinois planners that publish an hourly rate charge less.
• None of the 2 other planners in Wheaton that publish an hourly rate charge less.
• Its flat or project fee of $3,000-$4,500 is below the Illinois median of $4,500. 43% of the 175 other Illinois planners that publish a flat or project fee charge less.
• Its annual fee of $1,500 is below the Illinois median of $7,500. 8% of the 77 other Illinois planners that publish an annual fee charge less.
• It doesn't charge a percentage of the assets it manages, so its fee won't grow with your portfolio.

About Lamke Financial LLC

• Principal: Michael J. Lamke
• Solo practice: one person runs the firm, so you work directly with the planner.
• Credentials named in the brochure: CFP® and CPA.
• Registered as an adviser: 2012 (14 years).

Planning areas mentioned in the brochure

• Tax planning

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees

Charges a % of assets

No

Employees

1

Services reported to regulators

Financial planning and portfolio management for individuals and small businesses

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

160466

Website

lamkefinancial.com (opens in new tab)

Phone

(636) 779-6699

Can advise clients in 2 states: Illinois, Missouri

Other planners in Wheaton that publish fees

• Brookstone Wealth Advisors, LLCWheaton$500/yr
• Mckenna Capital, Inc.Wheaton$250⁠-⁠$500/hr, $500⁠-⁠$10,000
• Timothy Financial Counsel, Inc.Wheaton$375/hr
• 15 Wealth Advisors LLCMundelein$250⁠-⁠$10,000/yr
• 1ST Advantage Financial Advisers, LLCLombard$200/hr
• Alo Financial PlanningMount Prospect$3,000

Compare all 7 planners in Wheaton