The Wealthy Parent fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 23, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$300/hr

“Our hourly rate is $300.”

Flat or project fee

$4,950

“We charge a fixed fee of $4,950 for our The Wealthy Parent Plan, which is a six-month engagement.”

Monthly fee

$800/mo

“TWP collects $150 upfront, and the remainder of the fee is paid monthly in arrears at $800 each month for 6 months.”

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

How The Wealthy Parent bills

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

• “Fees are paid monthly in arrears, ranging from $200 to $1,000.”
• “The fee is negotiable and is dependent upon variables including the specific needs of the Client, complexity, estimated time, research, and resources required to provide services to you, among other factors we deem relevant.”
• “The fee may be negotiable and is dependent upon variables including the specific needs of the Client, complexity, estimated time, research, and resources required to provide services to you, among other factors we deem relevant.”

How The Wealthy Parent’s fees compare

• Its hourly rate of $300 is above the Illinois median of $273. 52% of the 215 other Illinois planners that publish an hourly rate charge less.
• 25 of the 54 other planners in Chicago that publish an hourly rate charge less.
• Its flat or project fee of $4,950 is above the Illinois median of $4,500. 52% of the 175 other Illinois planners that publish a flat or project fee charge less.
• 19 of the 41 other planners in Chicago that publish a flat or project fee charge less.
• It doesn't charge a percentage of the assets it manages, so its fee won't grow with your portfolio.

About The Wealthy Parent

• Principal: Kelly Palmer
• Solo practice: one person runs the firm, so you work directly with the planner.
• Meets clients remotely: the brochure mentions virtual or online meetings.
• Registered as an adviser: 2023 (3 years).

Planning areas mentioned in the brochure

• Retirement planning
• Estate planning
• Business owners

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 educational seminars and workshops

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

326157

Website

thewealthyparent.substack.com (opens in new tab)

Phone

(833) 553-0529

Can advise clients in 2 states: California, Illinois

Other planners in Chicago that publish fees

• Altair Advisers, LLCChicago$200⁠-⁠$500/hr
• Altman AdvisorsChicago$500/hr, $25,000
• Arena Private WealthChicago$250/hr
• Bayworth CapitalChicago$1,000⁠-⁠$10,000
• Blute Financial CoachingChicago$75/hr
• Bold Vision FinancialChicago$385/hr, $120⁠-⁠$500/mo

Compare all 131 planners in Chicago