Livingston & Associates, Ltd.

The firm is a single-advisor independent wealth manager serving primarily individual clients (including some high-net-worth households) and a limited number of corporate retirement-plan clients, with approximately $20.56 million in assets under management and a small client base. It provides portfolio management, comprehensive and specific-area financial planning, asset-protection/insurance offerings, and occasional business consulting engagements.

The advisor manages accounts on a non-discretionary basis and emphasizes a passive-management discipline: developing an investment policy statement, maintaining target asset allocations, and rebalancing rather than active trading. Custody is provided through Charles Schwab and the firm requires a $1,000,000 minimum for Schwab accounts while offering hourly consulting or alternative services for smaller relationships.

What distinguishes the firm from many peers is its role as an insurance broker/agent and its receipt of commissions for insurance and annuity products sold off the Schwab platform, with those commissions excluded from AUM and not combined with asset-based fees for the same product. The practice also maintains third-party strategic relationships for legal, accounting and banking services and provides managerial consulting on a fee-for-service basis, reflecting a broader scope of non‑investment offerings than is typical for similarly sized independent advisors.