Frequently Asked Questions
What is Mainstay Financial, LLC?
We are a financial consulting firm that works with individuals in the areas of financial planning and businesses in the areas of retirement plans and deferred compensation plans.
Is Mainstay Financial, LLC an independent investment advisor?
No. All affiliated personnel with Mainstay Financial, LLC are representatives of Lincoln Financial Securities Corporation (LFS). All investment advisory services are offered through LFS. Mainstay Financial, LLC is not an affiliate of LFS.
How are you paid?
Representatives of LFS are compensated through investment advisory fees and may be compensated by commission on certain investment products. Mainstay Financial, LLC may be compensated by commission on certain insurance related products.
How can we meet to discuss my financial situation?
We are very happy to meet with you using Zoom, Microsoft Teams, Google, or another video conferencing platform that you are comfortable with.
How much is your price for investment advisory services?
Representatives of LFS will normally use an assets under management (AUM) flat price for advisory services. The base price starts at 1.50% of AUM but may decrease based on the size of AUM. Prices for other services or investment products will vary and will be disclosed.
Get in touch.
We would love to have the opportunity to discuss our services further with you. Please complete the contact card tot he right for a free consultation and a representative will reach out to you soon.