Frontier Wealth Management is a financial advisor firm headquartered in Kansas City, Missouri. With offices in four different states, the firm offers a range of investment advisory, financial planning and wealth management services to mostly individuals, but it also works with high-net-worth individuals, charitable organizations and pension and profit-sharing plans.
Frontier Wealth Management was included in Accounting Today's Billion Dollar Club as part of its 2020 rankings of "Top Firms by Assets Under Management." Additionally, it takes a spot in SmartAsset's list of the top financial advisors in Missouri.
Frontier Wealth Management Background
Frontier Wealth Management was founded in 2007 and has been led by principal and CEO Nick Blasi since 2009. Its CFO is Brandon Sifers. The firm has grown from one office to five since its founding.
Frontier Wealth Management Client Types and Minimum Account Sizes
Frontier Wealth Management provides advisory services to many clients, including individuals, high-net-worth individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, other business entities and corporations.
Frontier does not usually require a minimum account size. However, if you invest in a private investment vehicle through Frontier, you may need to have an account of at least $100,000.
Services Offered by Frontier Wealth Management
Frontier Wealth Management provides a standard range of services to its clients, including the following:
- Investment management
- Investment analysis
- Allocation of investments
- Portfolio composition
- Wealth management
- Financial planning
Certain services will, of course, be more applicable to certain types of clients. For instance, the firm won't offer profit-sharing plans to individuals, and it won't offer education funding services to pension plans.
Frontier Wealth Management Investing Philosophy
Frontier Wealth Management takes many factors into account when determining investment plans for its clients. The firm prioritizes each client’s objectives and risk tolerance, then creates a plan that focuses on long-term growth and depends on the firm’s disciplined asset allocation. Striking a balance between safer and riskier investments as well as disregarding short-term market fluctuations are crucial elements of the firm’s investment philosophy.
Fees Under Frontier Wealth Management
Frontier Wealth Management doesn’t have a set fee schedule for its investment management services. Rather, the firm will charge a percentage of assets under management that ranges from 0.25% to 1.50%. The rate you'll pay within that range will depend on the size and complexity of your account as well as other miscellaneous factors. These fees will be applied to your asset value on a pro-rated basis, and you’ll be charged every quarter in advance.
For wealth management services, you may be charged based on a percentage of assets or a fixed fee that you agree on with the firm ahead of time. For financial planning services, you will be charged either a fixed or hourly fee that will be established in your financial planning agreement ahead of time.
Learn more about what advisors typical cost here.
What to Watch Out For
Frontier Wealth Management did not have any disclosures of legal or disciplinary action in its more recent filings with the Securities and Exchange Commission.
One thing worth noting: Some advisors at Frontier Wealth Management are also registered representatives of Purshe Kaplan Sterling Investments, which is a registered securities broker-dealer. These advisors may receive commissions for the sale of certain securities or investment products in their capacity as registered representatives. These commissions pose a potential conflict of interest. That said, the firm has a fiduciary duty to always act in the best interests of its clients.
Opening an Account With Frontier Wealth Management
You can get in touch with Frontier Wealth Management by filling out the contact form on its website. The form requests your first and last name, email address, phone number and a brief message. If you’d prefer, you can also call the office nearest you by heading to the contact tab on the firm’s website.
All information is accurate as of the writing of this article.
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