Regal Oak Financial, LLC fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 31, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$150/hr

“Pay a flat fee of $150 per hour of work performed.”

Monthly fee

$75/mo

“Pay a monthly fee of $75 to complete the plan.”

Annual fee

$600/yr

“Clients who pay for at least $600 a year on an hourly basis for advisory services will have access to their financial plans online. 2.”

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

How Regal Oak Financial, LLC bills

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

• “It bills its clients the fees for charges incurred or client can pay for services rendered using automatic payments.”
• “Clients may pay fees at the time service is rendered, or they can be billed for the services.”
• “If a client needs to terminate an advisory contract before the end of a billing period, the client can receive a refund.”

How Regal Oak Financial, LLC’s fees compare

• Its hourly rate of $150 is below the Illinois median of $273. 5% of the 215 other Illinois planners that publish an hourly rate charge less.
• None of the 2 other planners in Frankfort that publish an hourly rate charge less.
• Its annual fee of $600 is below the Illinois median of $7,500. 3% of the 77 other Illinois planners that publish an annual fee charge less.

About Regal Oak Financial, LLC

• Principal: Lyman Howell
• Solo practice: one person runs the firm, so you work directly with the planner.
• Credentials named in the brochure: CFP®.
• Registered as an adviser: 2016 (10 years).

Planning areas mentioned in the brochure

• Retirement planning
• Tax planning
• Estate planning

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

0.8% a year

Employees

1

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, and newsletters and publications

Assets managed

$61,421

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

283187

Website

regaloakfinancial.com (opens in new tab)

Phone

(773) 220-6713

Other planners in Frankfort that publish fees

• Latko Wealth Management, LTD.Frankfort$200⁠-⁠$400/hr, $200⁠-⁠$5,000
• Long Run Financial, LTDFrankfort$250/hr
• Prairieview Wealth & Tax AdvisorsFrankfort$500⁠-⁠$20,000/yr
• 15 Wealth Advisors LLCMundelein$250⁠-⁠$10,000/yr
• 1ST Advantage Financial Advisers, LLCLombard$200/hr
• Alo Financial PlanningMount Prospect$3,000

Compare all 5 planners in Frankfort