Finding a Top Financial Advisor Firm in Clayton, Missouri
Choosing a financial advisor is like choosing a spouse. You want to get it right the first time. To help you narrow the field, we collected key info such as assets under management (AUM), fee basis and investment strategy. Then we put all the info together for easy comparing and contrasting. Start your search with this list of the top financial advisor firms in Clayton, Missouri. Try SmartAsset’s free financial advisor matching tool to connect with up to three local advisors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Matter Family Office Find an Advisor||$3,026,000,882||$5,000,000|| || |
|2||HM Capital Management, LLC Find an Advisor||$3,678,816,885||$15,500 minimum annual fee|| || |
Minimum Assets$15,500 minimum annual fee
|3||Correct Capital Wealth Management, LLC Find an Advisor||$633,509,894||$500,000|| || |
How We Found the Top Financial Advisor Firms in Clayton, Missouri
To find the top financial advisors in Clayton, Missouri, we first identified all firms registered with the SEC in the state. Next, we filtered out firms that don't offer financial planning services; those that don't serve primarily individual clients; and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
Matter Family Office
Matter Family Office tops our list, though it's only second in terms of assets under management. That's because it's strong in multiple other factors, including clients-per-advisor, number of individual clients and years in business.
The firm has headquarters in Clayton, as well as branches in Denver and Dallas. The team in Clayton includes certified financial planners (CFPs), JDs, certified public accountants (CPAs) and chartered financial analysts (CFAs).
With a minimum account requirement of $5 million, the fee-only firm primarily serves high-net-worth investors. At its discretion, though, it may waive the minimum and impose a minimum annual fee of $50,000 instead. The only institutional clients the firm works with are pooled investment vehicles and charities.
Matter Family Office Background
In 1990, after working at a financial education and planning center for Chase Manhattan Bank in New York City, Katherine Linze set up her own financial shop in Clayton with a focus on families. Today, the firm employs a total of 41 people and has three locations. Linze is the majority owner through a trust, while other staffers also hold stakes.
Matter Family seeks to help families manage their wealth from generation to generation. It does this by providing investment and wealth management services, including creating and managing pooled private funds. It also helps families develop financial skills, share values and communicate. It is unique in that it meets with clients at least quarterly.
Matter Family Office Investing Strategy
The firm’s primary strategy is to use diversification to reduce volatility while maintaining strong returns. It has its own investment committee but also relies on Asset Consulting Group for research and modeling. Except for the private funds it manages, all assets under its management are on a non-discretionary basis, which means the firm does not have pre-approval for making trades.
HM Capital Management
In the second spot is HM Capital Management, a fee-only firm overseeing the largest amount in assets of any firm on this list. Most of these assets are related to its pension consulting business. Roughly $254 million is related to individual accounts, and of these individual clients, about half do not have a high net worth and half do.
The team has an array of credentials, including certified public accountant (CPA), registered fiduciary (RF), certified financial planner (CFP), retirement plan associate (RPA), certified private wealth advisor (CPWA) and qualified 401(k) plan administrator (QKA). Rather than use a minimum investment requirement, the firm requires a minimum annual management fee of $15,500, though it may be willing to work with clients who pay less than that.
HM Capital Management Background
Matthew Kopsky, Maribeth Snodgrass and Karen Gloriod founded the firm in 2005. Today, the former serves as president and CEO and the latter two as executive vice presidents. Kopsky has controlling interest through a trust, while the other two and another employee have small stakes.
As noted earlier, the great bulk of HM Capital’s business is pension consulting. It also works with affluent families and less affluent families, managing their investments and providing family office services. Additionally, it provides consulting services for pooled investment vehicles.
HM Capital Management Investing Strategy
Relying on outside research, the firm uses charting, fundamental and technical methods of securities analysis. In implementing asset allocations, it may utilize long-term purchases (securities held for at least one year), short-term purchases (securities sold within a year), tradiing (securities sold within 30 days), short sales, margin transactions and options.
Correct Capital Wealth Management
Correct Capital Wealth Management has grown quite a bit for a firm that was only founded a few years ago. Its founder, Brian Pultman, worked at Wells Fargo Advisors for 25 years, during which time Barron’s named him one of America's Top 1200 Financial Advisors six times. In addition, two other advisors are on board at Correct Capital. Altogether, the team has one certified financial planner (CFP), one accredited investment fiduciary (AIF), one certified public accountant (CPA) and one certified retirement counselor (CRC).
This fee-based firm has a $500,000 account minimum, but its client base is a split between individuals with and without a high net worth. In addition to individuals, the practice serves pension and profit-sharing plans, trusts and estates.
Correct Capital Wealth Management Background
As noted above, Brian Pultman founded the firm in 2018 after a long career at a major financial services company. He named his firm after his grandfather’s cap manufacturing company, Correct Cap Company. He is the principal owner of the firm to this day.
The practice is mainly in the business of providing wealth management services, which includes both customized investment management and financial planning services. It may also recommend subadvisors to manage investment accounts.
Correct Capital Wealth Management Investing Strategy
Depending on your profile and goals, Correct Capital primarily puts client assets among various individual equities, debt securities, fixed-income, mutual funds and exchange-traded funds (ETFs). It uses fundamental and technical analyses when choosing investments.