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Lonnie D Mclane

Over 23 Years Servicing Clients and their Families with Value Added Service

Innovation Partners Financial Services LLC



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Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -Charitable Planning
    • -Tax Planning
  • Insurance
    • -Life Insurance
    • -Health Insurance
    • -Long-Term Care Insurance
    • -Annuities
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients
    • -Other Portfolio Management



No timeline events available.
Employer Years Dates
IP Financial Advisory Services 3 months Jan 2020 - Present
Innovation Partners LLC 2 years, 11 months May 2017 - Present
Sigma Financial Corporation 22 years, 7 months Oct 1994 - May 2017
Mid-Thumb Insurance 34 years, 2 months Feb 1986 - Present
Mid Thomas Financial Planning 36 years, 3 months Jan 1984 - Present

Designations & Memberships

  • National Association of Tax Professionals
    National Association of Tax Professionals
    The National Association of Tax Professionals (NATP) is a nonprofit professional association founded in 1979 to serve professionals working in all areas of tax practice through professional education, tax research, and products. NATP is the largest organization dedicated 100% to tax professionals and their success.
  • Certified Estate Planner
    Certified Estate Planner
    Issued by the National Institute of Certified Estate Planners, this designation does not have to be held by a financial advisor. Indicates basic knowledge of estate planning.

Articles and Answers

Insights by Lonnie Mclane

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Is a RMD required from a collective trust retirement account? If so, can it be drawn from an IRA?
I am assuming you are actually referring to a Collective Investment Trust, which is often being used in typical 401k plans; if this being the case, and you are at the stage of having to take RMD's, then yes you would need to use asset in this account together with other retirement asset including IR...  (more)
Answered Jun 2019
How do I roll over an account from a previous employer is a 403b and 401a?
My recommendation would be to arrange consultation with 2 or 3 advisors and discuss your situation and determine if seperation from you employer plan is an appropriate option, several circumstances may prevail you from rolling over your plan to an IRA, this can only be determined upon a complete and...  (more)
Answered Jun 2019
What do I need to do to converge my late husband’s IRA into mine?
Although this information is correct, you should consult with an advisor to discuss you complete set of options, and if conversion of your spouses account should be maintained seperate and explore your most appropriate action. In addition, discussion of potential tax planning and beneficiary arrange...  (more)
Answered Jun 2019
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

    U.S. Securities and Exchange Commission
    • license status
    • disclosures
    • as of date
      Feb 2, 2020
    • license status
    • disclosures
    • as of date
      Feb 2, 2020
    Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:


    Innovation Partners Financial Services LLC

    Last updated on Jan. 28, 2020
      • $158.4M
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 1K
      • $141.2K
        Estimated Average Account Balance


    Types of Compensation Arrangements