Frontier Wealth Management is a financial advisor firm headquartered in Kansas City, Missouri, that has more than $2 billion in assets under management. The firm provides advisory services to mostly individuals, but it also works with high-net-worth individuals, charitable organizations and pension and profit-sharing plans.
The firm was founded in 2007, and has been led by principal and CEO Nick Blasi since 2009. With offices in four different states, the firm offers a range of investment advisory, financial planning and wealth management services.
Frontier Wealth Management Background
Frontier Wealth Management was founded in 2007. The firm’s principal and CEO is Nick Blasi, and its CFO is Brandon Sifers. The firm has grown from one office to five since its founding, and it offers investment management, wealth management and financial planning services to more than 1,500 clients. As of December 2017, the firm had just over $2 billion in assets under management.
What Types of Clients Does Frontier Wealth Management Accept?
Frontier Wealth Management offers advisory services to more than 1,500 clients. These clients are individuals, high-net-worth individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, other business entities and corporations.
Frontier Wealth Management Minimum Account Sizes
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 $25,000.
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 Investment 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.
Frontier Wealth Management does not charge performance-based fees.
What to Watch Out For
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. The receipt of these commissions generates a potential conflict of interest since advisors will be incentivized to steer clients toward securities that will generate commissions.
All that said, the firm is bound by fiduciary duty, which means that it’s bound by law to always act in the best interest of its clients. So while you should be aware of the financial incentives the firm has, you can be confident knowing the firm is acting in your best interest.
Frontier Wealth Management does not have any disclosures.
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.
Where Is Frontier Wealth Management Located?
Frontier Wealth Management has five offices in Denver, Colorado, Albany, Georgia, Witchita, Kansas, St. Louis, Missouri and Kansas City, Missouri. It’s headquarters is in Kansas City, Missouri in One Main Plaza on Main Street between 44th and 45th street.
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