Payne Financial Management, L.L.C.

Payne Financial Management serves individual clients with an emphasis on retirees, providing discretionary portfolio management and financial planning services, including fixed-fee comprehensive plans, annual plan reviews, and hourly consultations. The firm is fee-only and manages client assets on a discretionary basis, administering accounts through a recommended independent custodian.

The firm’s investment process is individualized: it uses an Investment Policy Questionnaire, illustrative materials, and periodic reports to establish suitability and guide asset allocation, and considers macroeconomic, business-cycle, technical and fundamental factors when selecting investments. It places emphasis on client education and uses those materials in meetings, and also offers occasional seminars or workshops to support client understanding.

Compared with many peers, Payne operates as a small, long-established advisory practice managing roughly $40 million for about 127 clients and does not maintain relationships focused on high-net-worth households. The firm maintains a conflict-avoidance stance—no outside affiliations, limited power of attorney for discretionary trading (but no physical custody), and it does not vote client proxies.