Renovate Financial Planning

The firm operates on a fee-only basis using a subscription-based, flat-fee model. Clients pay a recurring fixed cost for ongoing access to financial planning, not a percentage of assets under management. This structure is designed to remove the incentive for the advisor to accumulate investable assets inside the client relationship.

Yes. As a registered investment advisory firm operating on a fee-only basis, Renovate Financial Planning is bound by the fiduciary standard under the Investment Advisers Act of 1940. This means it is legally obligated to put client interests ahead of its own in all advisory interactions, a standard that applies regardless of whether it manages assets directly.

The firm's publicly described model focuses on financial planning and advice. While the exact scope of investment management services is not detailed in widely available public records, the subscription-based fee structure is designed to compensate the firm for the planning advice itself, whether or not the client's assets sit on a platform managed by the firm.

Based on the firm's fee structure and public positioning, the typical client is likely an individual or family in the wealth-accumulation phase with decent income but complex equity compensation—such as restricted stock units or employee stock options—who needs a financial plan but would be underserved by an advisor who charges a percentage of assets the client hasn't yet diversified.

The primary difference is the compensation model. A traditional wealth manager charges a percentage of assets under management, which creates an incentive to consolidate client wealth onto the manager's platform. Renovate Financial Planning charges a flat subscription fee, which means the firm is compensated the same amount regardless of where a client's assets are held, reducing the pressure to recommend staying invested in a particular account or product.