Torchlight Financial fees and pricing
Financial planner in Edina, Minnesota. Registered with state securities regulators.
According to its Form ADV Part 2A brochure dated October 1, 2026, Torchlight Financial charges $300 an hour, a flat or project fee of $3,000-$12,000, and an annual fee of $5,000 for financial planning.
Published fees
Quoted from the firm's Form ADV Part 2A brochure, filed October 1, 2026. Fees can change, so confirm with the firm before you hire them.
- Hourly rate
- $300/hr
“The firm's hourly rate is $300 per hour and is billed in 15-minute increments.”
- Flat or project fee
- $3,000-$12,000
“The fee range for a fixed fee agreement may range from $3,000 to $12,000.”
- Annual fee
- $5,000/yr
“TorchLight Financial has a minimum annual fee of at least $5,000 for our WMIA Service.”
Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)
How Torchlight Financial bills
Payment and refund terms, quoted from the fee section of the brochure.
- “Fees are negotiable at the discretion of TorchLight Financial and may be based on unique individual circumstances, special arrangements, pre-existing relationships or as otherwise determined solely by the firm principal.”
- “Wealth Management Investment Advisory Service (financial planning and investment management) Wealth Management Investment Advisory (WMIA) Service clients are charged a flat annual fee, paid quarterly in arrears.”
- “Very occasionally, if approved by the firm, fees are billed directly to the client and due within 15 days of the invoice date.”
How Torchlight Financial’s fees compare
- Its hourly rate of $300 is above the Minnesota median of $263. 54% of the 115 other Minnesota planners that publish an hourly rate charge less.
- 6 of the 9 other planners in Edina that publish an hourly rate charge less.
- Its flat or project fee of $3,000-$12,000 spans the Minnesota median of $5,250. 60% of the 108 other Minnesota planners that publish a flat or project fee charge less.
- 3 of the 6 other planners in Edina that publish a flat or project fee charge less.
- Its annual fee of $5,000 is below the Minnesota median of $8,050. 31% of the 49 other Minnesota planners that publish an annual fee charge less.
- 1 of the 5 other planners in Edina that publish an annual fee charge less.
About Torchlight Financial
- Solo practice: one person runs the firm, so you work directly with the planner.
- Credentials named in the brochure: CFP®.
- Registered as an adviser: 2011 (15 years).
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
- Minimum
- $5,000 minimum fee (stated in brochure)
- Clients
- 53
- Employees
- 1
- Works with
- Individuals and high net worth individuals
- Services reported to regulators
- Financial planning, portfolio management for individuals and small businesses, and educational seminars and workshops
- Assets managed
- $48,247,962
- Registered with
- State securities regulators
- Disciplinary disclosures
- None reported
- SEC CRD number
- 156559
- Phone
- (952) 847-7671
Other planners in Edina that publish fees
- Abens Financial Services IncEdina$250/hr, $5,000-$100,000/yr
- Acumen Financial Advisors, LLCEdina$500-$10,000/yr
- Cahill Financial Advisors, Inc.EdinaUp to $5,000
- Contego Capital Group, Inc.Edina$500-$5,000
- Cornerstone Wealth Advisors, Inc.Edina$3,000-$40,000, $1,250/qtr
- DSG Capital Advisors, LLCEdina$125-$475/hr
Is something on this page wrong or out of date? Email corrections@plannerfees.com and PlannerFees will check it against the firm's latest filing.