Financial Planning Consultants
Advanced Planning ConceptsFind BBB Accredited Businesses in Financial Planning Consultants.
Information and Alerts
Alert Details
This business has 2 alerts.
Government Actions
Enforcement case 23-17184
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is still pending, it will be noted below:
On July 19, 2023, The State of Michigan, Department of Insurance and Financial Services (DIFS), issued a Final Decision regarding the actions of Advanced Planning Concepts LLC (Respondent)
According to the Final Decision, DIFS received information that Respondent failed to register an individual licensed producer to serve as the Designated Responsible License Producer (DRLP) for the agency. DIFS issued a Notice of Opportunity to Show compliance on February 3, 2023. Informing Respondent that failure to designate a new DRLP or to show continuous compliance with the DRLP requirement would result in further compliance action, including revocation of the agency license. Respondent failed to reply.
On May 8, 2023, DIFS issued an Administrative Complaint and Opportunity for Hearing which was served upon Respondent at the address it is required to maintain with DIFS.
On June 23, 2023 DIFS filed a Motion for Final Decision. Respondent failed to reply to this motion.
As a result, a Final Order was issued on July 19, 2023. Based upon Respondent's consuct and the applicable law, it is ordered that:
1) Respondent shall cease and desist from violating the Code.
2) Respondent shall immediately cease and desist from engaging in the business of insurance.
3) Respondent Advanced Planning Concepts LLC Insurance provider license (System ID NO. 0081609) is revoked.
For a copy of the actual Final action, go to: https://www.michigan.gov/difs/-/media/Project/Websites/difs/FD/2023/July/Advanced_Planning_23-17184.pdf?rev=7ba97d73f4734c80ae48e6b8ae0359
Alert
The BBB has provided information regarding a disciplinary action from the State of Michigan Department of Financial Services, (DIFS) on the BBB business report. Consumers are encouraged to contact that agency with any concerns regarding any marketplace interactions with the company. To date, the BBB has not been able to confirm if the business is still in operation and will update the report if more information is obtained.
Service Area
- Alto, MI
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