Leicht Financial Planning and Wealth Management Inc

Item 5 – Fees and Compensation
Asset Management
Leicht Financial Planning and Wealth Management charges fees quarterly in advance 1 based on
an annual percentage of the total assets under management (including cash and cash equivalents)
as follows:
       Total assets under $2 million:                      2%
       Total assets between $2 million - $4 million:       1.5%
       Total assets between $4 million - $6 million:       1.25%
       Total assets above $6 million:                      1%
A single percentage is applied to all assets under management, determined by the total asset value,
as set forth above. For determining the fee rate, the total assets of all accounts in a client
relationship are aggregated into households and all accounts in the household are charged the same
fee rate. The fee is adjusted for cash flows (e.g., deposits and withdrawals) made during the quarter.
The fee rate is negotiable, which can result in similarly situated clients being subject to different
advisory fee rates.
LPL Financial is responsible for calculating and deducting advisory fees from client accounts held
at LPL. The client will provide LPL Financial with written authorization to deduct fees and pay
the advisory fees to Leicht Financial Planning and Wealth Management. The advisory fee is paid
directly by LPL Financial to Leicht Financial Planning and Wealth Management.
Clients may terminate the agreement without penalty for a full refund of Leicht Financial Planning
and Wealth Management’s fees within five business days of signing the investment advisory
agreement. Thereafter, clients may terminate the investment advisory agreement generally with 30
days' written notice. The agreement states how a client can obtain a refund of any pre-paid fee if
the agreement is terminated before the end of the billing period. The amount of the refund is based
on the number of days remaining in the quarter.
Financial Planning
For financial planning services, Leicht Financial Planning and Wealth Management charges an
annual fixed fee in advance, typically at the beginning of the year. Fees vary depending on the
level and scope of the services provided and are specified in the client’s financial planning services
agreement. Fixed fees range from $1,000 to $1,800 and are not negotiable.
The client will provide LPL Financial with written authorization to deduct the financial planning
fee and pay such fee to Leicht Financial Planning and Wealth Management or a client may choose
to be billed for the financial planning fee.
Financial planning services may be terminated by written notice by the client, and any unearned
fees will be returned to the client. However, clients are advised that a large portion of work related

  If a client engages the firm for investment advisory services mid-quarter, however, the fee for
the remaining portion of that quarter is charged at the end of the quarter instead of the beginning.

Part 2A of Form ADV Brochure

to financial planning services is done in the early stages and, accordingly, the return of unearned
fees may not correlate directly to the amount of time during which the engagement was active.
Additional Costs
In addition to asset management and financial planning fees, clients incur mutual fund or ETF
fees, which are disclosed in each fund’s prospectus (e.g., fund management fees and other fund
expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic
fund fees, and other fees and taxes on brokerage accounts and securities transactions.
Please see Item 12 – Brokerage Practices for further information.
Sale of Securities and Other Investment Products
Leicht Financial Planning and Wealth Management and representatives of the firm do not receive
commissions on securities recommendations implemented in investment advisory accounts in the
Wrap Program. However, a client can engage certain employees of the firm, in their individual
capacities as registered representatives of LPL Financial, to effect securities transactions on a
commission basis. In this situation, LPL Financial charges brokerage commissions to effect
securities transactions, a portion of which are paid to the registered representatives. The brokerage
commissions charged by LPL Financial may be higher or lower than those charged by other
broker/dealers. With respect to mutual fund purchases, LPL Financial and the registered
representatives may also receive ongoing 12b-1 trailing commission compensation directly from
the mutual fund company during the period that the client maintains the mutual fund investment.
When an affiliated registered representative transacts in securities on a commission basis, the firm
does not charge an advisory fee in addition to the commissions paid by the client for such
transactions.
In addition, certain supervised persons of Leicht Financial Planning and Wealth Management are
licensed insurance agents and, in this capacity, recommend the purchase of certain insurance-
related products and receive compensation from insurance product sales. Insurance-related
products typically have various associated fees (e.g., in the case of an annuity, there may be
mortality, expense and administrative charges, fees for additional riders on the contract and
charges imposed for excessive transfers within a calendar year). The compensation received by
affiliated licensed insurance agents and other associated fees do not offset, and are in addition to,
the advisory fees paid as part of the Wrap Program.
The receipt of the compensation described above presents a conflict of interest since it gives the
firm and its supervised persons an incentive to recommend investment products and services, as
well as insurance products, based on the compensation received rather than on the client’s needs.
In addition, since compensation can vary, the firm and its supervised persons have an incentive to
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Item 7 – Types of Clients
Leicht Financial Planning and Wealth Management generally offers advisory services to
individuals, individual retirement accounts (“IRAs”), pension and profit-sharing plans, including
plans subject to Employee Retirement Income Security Act of 1974 (“ERISA”), trusts, estates,
charitable organizations, corporations and other business entities.
Leicht Financial Planning and Wealth Management has an account minimum of $25,000 which it
waives at its discretion. Leicht Financial Planning and Wealth Management only provides asset
management services to clients participating in the Wrap Program.