Leicht Financial Planning and Wealth Management, Inc. is an SEC registered investment adviser
located in Parsippany, NJ. The firm was first incorporated in 2014. Later in 2014, Leicht Financial
Planning and Wealth Management, Inc. was registered as an SEC registered investment adviser
doing business as Leicht Financial Planning and Wealth Management. Andrew Leicht owns 100%
of Leicht Financial Planning and Wealth Management.
Leicht Financial Planning and Wealth Management provides fee-based investment advisory
services for compensation primarily to individual clients based on, and tailored to, the individual
goals, objectives, time horizon, and risk tolerance of each client. Portfolio management services
include, but are not limited to, the following:
• Investment strategy
• Asset allocation
• Asset selection
• Risk tolerance
• Regular portfolio monitoring
Leicht Financial Planning and Wealth Management provides services and charges fees in
accordance with the descriptions detailed in this document and the account agreement.
The individuals associated with Leicht Financial Planning and Wealth Management are
appropriately licensed and authorized to provide advisory services on behalf of Leicht Financial
Planning and Wealth Management. Some individuals associated with Leicht Financial Planning
and Wealth Management are also registered representatives of LPL Financial, an SEC registered
broker/dealer, a member of the Financial Regulatory Authority ("FINRA") and the Securities
Investors Protection Corporation (“SIPC”). Any securities transactions shall be directed to LPL
Financial for execution. Leicht Financial Planning and Wealth Management and LPL Financial
are not affiliated legal entities.
Asset Management
Leicht Financial Planning and Wealth Management provides ongoing investment advice and
management on assets in the client’s custodial Strategic Wealth Management II (“SWM II”)
account held at LPL Financial through Leicht Financial Planning and Wealth Management Wrap
Program. SWM II is the name of the custodial account offered through LPL Financial to support
investment advisory services provided by Leicht Financial Planning and Wealth Management to
our clients. Advice may be discretionary or non-discretionary as indicated in the client account
agreement. Clients may impose reasonable restrictions on investing in certain securities or types
of securities. More specific account information and acknowledgements are further detailed on the
account application.
Investment advisor representatives primarily recommend investments in exchange-traded funds
(“ETFs”) but will also provide advice on the purchase and sale of other types of investments,
including mutual funds, annuities, real estate investment trusts (“REITs”), options, equities, and
fixed income securities. The advice is tailored to the individual needs of the client based on the
investment objective chosen by the client in order to help assist clients in attempting to meet their
financial goals. Accounts are reviewed on a regular basis and rebalanced as necessary according
to each client’s investment profile.
Leicht Financial Planning and Wealth Management serves as the wrap fee sponsor and investment
adviser to Leicht Financial Planning and Wealth Management Wrap Program. All clients are
managed through the Leicht Financial Planning and Wealth Management Wrap Program. Leicht
Financial Planning and Wealth Management receives the wrap fee paid by clients in the Leicht
Financial Planning and Wealth Management Wrap Program less transaction charges which are
paid to LPL Financial. The wrap fee paid by clients
includes investment advisory services and
brokerage costs. Clients do not pay separate brokerage commissions. This arrangement may cost
the client more or less than paying for such services separately. This arrangement creates an
incentive for Leicht Financial Planning and Wealth Management to limit trading in the client
account to reduce costs to Leicht Financial Planning and Wealth Management. Further,
transaction charges vary for different investments. This creates an incentive for Leicht Financial
Planning and Wealth Management to recommend investments with a lower transaction fee over
those with a higher transaction fee. Leicht Financial Planning and Wealth Management has
policies and procedures to ensure that all accounts are monitored on an ongoing basis and
rebalanced as needed, and that the types of investments selected are based on the best interest of
the client.
Leicht Financial Planning and Wealth Management has an account minimum of $25,000 which it
waives at its discretion.
Financial Planning Services
As part of our financial planning services, Leicht Financial Planning and Wealth Management
provides personal financial planning tailored to the individual needs of the client. These services
include, as selected by the client on the financial planning agreement, information and
recommendations regarding tax planning, investment planning, retirement planning, estate needs,
business needs, education planning, life and disability insurance needs, long-term care needs and
cash flow/budget planning. The services take into account information collected from the client
such as financial status, investment objectives and tax status, among other data. Fees for such
services are detailed in the client agreement and are not negotiable.
The financial plan includes generic recommendations as to general types of investment products
or specific securities appropriate for the client to purchase given his/her financial situation and
objectives. To the extent that Leicht Financial Planning and Wealth Management recommends that
a client invest in products and services that will result in compensation being paid the registered
representative, this presents a conflict of interest. In particular, some of these products are offered
through certain representatives of the firm, in their individual capacities as registered
representatives of LPL Financial, an SEC registered and FINRA/SIPC member broker-dealer. This
will result in the payment of commissions or other types of compensation to the registered
representative. This compensation to the registered representative can be more or less depending
on the product or service recommended. Leicht Financial Planning and Wealth Management also
has a financial incentive to recommend that accounts be managed through the Leicht Financial
Planning and Wealth Management Wrap Program, which would result in advisor fees being paid
to the firm.
Leicht Financial Planning and Wealth Management, through its Code of Ethics, requires that its
supervised persons act in the best interest of their clients at all times. The client is under no
obligation to act upon the investment adviser’s recommendation or purchase such securities
through LPL Financial and the registered representative. Leicht Financial Planning and Wealth
Management and representatives of the firm do not receive commissions on investments
recommendations implemented in investment advisory accounts.
Leicht Financial Planning and Wealth Management offers asset management services on a
discretionary or non-discretionary basis. As of December 31, 2023, the firm had $190,526,279 in
discretionary assets under management.