Based in Minnetonka, Minnesota
Flames FP is based in Minnetonka, Minnesota. Philadelphia relationships run entirely virtually. This page describes the Philadelphia service area, not a separate Philadelphia branch.
Financial advisor serving Philadelphia
A flat-fee financial advisor serving Philadelphia, PA.
Flames Financial Planning is based in Minnetonka, Minnesota and works with Philadelphia households through a virtual planning relationship. Fixed quarterly memberships coordinate investments, taxes, retirement, and estate guidance without an AUM fee.
Minnetonka-basedA Minnesota firm serving Philadelphia-area households; Flames FP does not claim a Philadelphia office.
$150–$1,650/qtrQuarterly memberships billed in advance, with no annual commitment.
0% AUMThe advisory fee is not calculated as a percentage of the portfolio.
Virtual planningMeet and collaborate from Philadelphia or anywhere else you happen to be.
Direct answer
How Do You Find a Flat-Fee Financial Advisor Serving Philadelphia?
Compare each advisor’s registration, fiduciary role, total annualized cost in dollars, the services included, and who you actually meet with. Flames Financial Planning is based in Minnetonka—not at a Philadelphia office—and serves Philadelphia households virtually. Memberships cost $150, $900, or $1,650 per quarter, with no AUM fee and no annual commitment.
A truthful local relationship
Serving Philadelphia without inventing an office there
A location page should tell you who is actually available, where the firm sits, and how the relationship works day to day.
Built for virtual collaboration
Meetings, document sharing, dashboard access, and ongoing planning all happen remotely, so where you live does not limit the advice you get.
Verify before you hire anyone
Check any advisor’s registration, services, disciplinary history, and fee disclosures before you sign. That applies to this firm as much as any other.
Pennsylvania planning context
What actually differs about planning in greater Philadelphia
Tax rules are set by the state, not the city, and they change which decisions are worth the most. The full Pennsylvania picture, with sources, is on the Pennsylvania page. How those rules bear on withdrawal order, Roth-conversion timing and Medicare premiums is set out in the retirement tax planning overview.
Pennsylvania tax treatment
Pennsylvania taxes income at a flat 3.07% but does not tax Social Security, pensions, 401(k) or IRA distributions after 59½, or a trustee-to-trustee Roth conversion, so a retiree's income-tax plan is federal-only. Philadelphia adds a 3.735% wage tax on residents' earnings (from July 1, 2026) that does not reach pensions. What Pennsylvania does have is an inheritance tax on what heirs receive: 4.5% for children and grandchildren, 12% for siblings and 15% for others.
Retirement income: Social Security, pensions, 401(k)s and IRAs after 59½ untaxed; a trustee-to-trustee Roth conversion is untaxed at any age
Pennsylvania does not tax Social Security, or commonly recognized retirement benefits paid from an eligible employer plan once the plan's age or service requirement is met and you have retired. IRA and Roth IRA distributions received on or after age 59½, or at death, are not taxable; earlier distributions are taxable only to the extent they exceed previously taxed contributions. A traditional-to-Roth conversion done trustee-to-trustee, or fully redeposited within 60 days, is not taxable in Pennsylvania at any age.
Estates: Inheritance tax: 0% to a spouse, 4.5% lineal heirs, 12% siblings, 15% others
Pennsylvania's death tax is an inheritance tax on what each heir receives: 0% to a surviving spouse and on transfers between a parent and a child aged 21 or younger, 4.5% to children, grandchildren, parents and grandparents, 12% to siblings and 15% to everyone else, with charities exempt. Life insurance on the decedent is not taxed. The tax is due at death and delinquent after nine months; paying within three months earns a 5% discount.
How local households are paid
Philadelphia is paid by Comcast's headquarters, by the University of Pennsylvania and Penn Medicine, Jefferson and the region's other health systems, by the pharmaceutical corridor that runs from the city into the suburbs, by financial services including the privately held Vanguard in Malvern, and by the law and professional firms of a large legal market. Public-company equity, hospital 403(b) plans and partnership income all appear, often in the same household.
Rates change; check before you act
Brackets, thresholds, and retirement-income rules are revised regularly. The figures above are for tax year 2026. Treat them as a starting point and confirm the current year before making a decision on them.
Federal and state, together
How Pennsylvania Tax Interacts With a Philadelphia Household’s Federal Return
At 3.07% the state income tax is modest and property tax is often the larger state-and-local item, so for most households the federal deduction cap does not bind. In retirement the state income-tax layer is gone entirely, and the plan is federal-only apart from the inheritance tax.
For tax year 2026 the federal deduction for state and local taxes is capped at $40,400, shrinking above $500,000 of modified adjusted gross income to a floor of $10,000. IRS, Instructions for Schedule A (2025), line 5e.
Worth doing here
Pennsylvania planning opportunities
Things that are worth doing in Pennsylvania that would not be worth doing, or would work differently, somewhere else.
Roth conversions and retirement withdrawals carry no state tax
With retirement distributions after 59½ and trustee-to-trustee conversions untaxed, a Pennsylvania resident's conversion decision has no 3.07% layer: only the federal bracket, Medicare tiers and Social Security taxation matter. The trade-off was paid earlier, because 401(k) and 403(b) contributions were taxed going in.
Gifts made more than a year before death escape the inheritance tax
An outright lifetime gift completed more than one year before death is not reported on the inheritance-tax return, saving 4.5% on transfers to children and 12% or 15% to siblings and others. Gifts within one year of death are pulled back, less a $3,000 exclusion per recipient per calendar year, so a giving programme has to start early.
The 529 and ABLE deduction equals the federal gift exclusion
Pennsylvania allows a deduction for 529 contributions up to the federal annual gift-tax exclusion per beneficiary, per taxpayer ($19,000 in 2025 and 2026), and the same for PA ABLE contributions per contributor, worth 3.07% of the amount deducted.
Philadelphia's wage tax reaches earnings, not pensions
Philadelphia residents pay a wage tax of 3.735% on salaries, wages and other compensation from July 1, 2026 (3.74% in the prior fiscal year); non-residents working in the city pay 3.425%. The City's list of income not subject to the tax includes pension payments, so a retiree's income is taxed by neither the Commonwealth nor the City.
The first meeting
What the first meeting covers for a Philadelphia household
A discovery meeting is a conversation, not a pitch. For households here it tends to get to these three things.
A Roth-conversion and withdrawal plan that is federal-only, since Pennsylvania taxes neither, and the Medicare tiers it has to respect.
The inheritance tax: what each intended heir would pay, and whether lifetime gifts made more than a year before death should carry part of the plan.
For working households: the city wage tax on earnings against the suburbs' lower local taxes, and where restricted stock and partnership income fit.
Who this fits
Households Flames FP often helps in Philadelphia
The common thread is a household with enough complexity that the decisions interact, and enough assets that a percentage fee gets expensive.
Corporate employees
See how the planning relationship works for this situation, what is included, and what it costs.
Pre-retirees
See how the planning relationship works for this situation, what is included, and what it costs.
Anyone comparing a 1% fee against a flat one
Run your own numbers before talking to anyone, including this firm. The calculator converts a percentage into the dollars it actually costs over time.
Watch and learn
Financial Planning, Explained Clearly
Start with three videos selected for this page, then use the controls to explore every published Flames FP video guide.
Videos 1–3 of 14
What Nobody Tells You About Earning $400K a Year
See why a $400K income can still leave too little investable margin and how taxes, lifestyle growth, and deliberate investing change the result.
The RSU Strategy Most $300K Tech Earners Miss
Understand taxation at vesting, check the withholding gap, and turn each RSU vest into a deliberate diversification and household-planning decision.
The 3-Account System for a $250K Income
Use cash reserves, tax-advantaged accounts, and a taxable brokerage account to turn a strong income into a repeatable wealth-building system.
The 6 Levels of Wealth for $200K+ Households
Use six stages to separate a high income from the wealth it actually creates.
The Most Underrated Retirement Account
How a taxable brokerage account can support retirement flexibility alongside tax-advantaged accounts.
How to Decrease Your Tax Bill
Review practical tax-planning decisions that can connect income, investments, retirement, and withholding.
Should You Invest or Spend Your HSA?
A practical framework for deciding how an HSA fits healthcare costs, taxes, and retirement planning.
Four Common Backdoor Roth IRA Mistakes
Understand contribution, conversion, pro-rata, and reporting mistakes before they create tax problems.
Direct Indexing vs ETFs in a Taxable Account
Compare diversification, tax management, cost, and complexity before changing an investment strategy.
My New Favorite Account to Gift Money to Kids and Grandkids
Compare the new child investment account with 529 plans, custodial accounts, Roth IRAs for earned income, and the family's actual goals.
Estate Planning Documents You May Need
A plain-English review of wills, powers of attorney, healthcare directives, beneficiaries, and trusts.
Flat Fee vs 1% Financial Advisor
See how a percentage fee changes in dollars as a portfolio grows and what to compare beyond the headline rate.
How Much Life Insurance Do You Need?
Think through income replacement, debt, children, childcare, education, and family risk.
Five Money Mistakes High Earners Make
Common coordination gaps involving taxes, cash flow, investments, insurance, and estate planning.
Common questions
Philadelphia Financial Advisor Questions
Does Flames Financial Planning have a Philadelphia office?
No. Flames Financial Planning is based in Minnetonka, Minnesota, and serves Philadelphia households through a virtual planning relationship. This page describes the service area and does not claim a Philadelphia office.
Can someone in Philadelphia work with Flames FP virtually?
Yes. Philadelphia households can meet by video, share documents securely, use the financial dashboard, and receive ongoing planning without travelling. Flames FP serves clients nationwide where permitted.
How much does Flames FP cost?
Flames Access is $150 per quarter ($600 annualized), Planning is $900 per quarter ($3600 annualized), and Premier is $1650 per quarter ($6600 annualized). Memberships are billed quarterly in advance with no annual commitment.
Does Flames FP charge an AUM fee to Philadelphia clients?
No. The advisory fee is a flat quarterly amount tied to the planning work, not a percentage of the portfolio, so it does not increase as investments grow.
What should a Philadelphia household compare between advisors?
Compare the total annual cost in dollars rather than percentages, exactly what is included at that price, whether the advisor is a fiduciary and fee-only, and who you actually meet with. Then verify the firm's registration and disciplinary history on the SEC's adviser search.
Is Pennsylvania tax planning part of the relationship?
Yes. State tax treatment shapes withdrawal order, Roth-conversion timing, and where investments are best held. Planning includes tax guidance and review of a completed return; Premier adds tax projections and preparation and filing through an independent tax partner. The Pennsylvania rules themselves are set out on the Pennsylvania page.
Next step
Compare a Philadelphia-area planning relationship in actual dollars.
A discovery meeting covers your situation, your current advisor arrangement if you have one, and whether a fixed quarterly membership is a better fit than what you are paying now.