Lockstep Financial LLC fees and pricing

Financial planner in Laurel, Maryland. Registered with state securities regulators.

According to its Form ADV Part 2A brochure dated March 20, 2026, Lockstep Financial LLC charges $220 an hour for financial planning.

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 20, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate: $220/hr; “Financial Planning engagements are offered at an hourly rate of $220 per hour.”

Payment and refund terms, quoted from the fee section of the brochure.

“The fee may be negotiable in certain cases and is due at the completion of the engagement.”
“Fees for this service may be paid by electronic funds transfer or check.”
“Advisory fees are directly debited from Client accounts, or the Client may choose to pay by check.”

Its hourly rate of $220 is below the Maryland median of $300. 19% of the 156 other Maryland planners that publish an hourly rate charge less.

Principal: Kendell Phillip
Solo practice: one person runs the firm, so you work directly with the planner.
Meets clients remotely: the brochure mentions virtual or online meetings.
Founded: 2020 (6 years).

How the firm is paid: Hourly fees, percentage of assets under management
Charges a % of assets: Yes
Highest asset based fee in brochure: 2% a year
Clients: 12
Employees: 1
Works with: Individuals
Services reported to regulators: Financial planning, portfolio management for individuals and small businesses, and educational seminars and workshops
Assets managed: $1,222,000
Registered with: State securities regulators
Disciplinary disclosures: None reported
SEC CRD number: 311865
Website: lockstepfinancial.com (opens in new tab)
Phone: (410) 940-4626

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