Finding a Top Financial Advisor Firm in Kansas City, Missouri
Finding a financial advisor in your area who fits your needs can be tough. To make it easier, SmartAsset compiled this list of the top financial advisor firms in Kansas City, Missouri. Using our tables and reviews, you can compare and contrast what each firm has to offer. If you’d prefer, SmartAsset’s financial advisor matching tool is another easy way to find financial advisor near you.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Prairie Capital Management, LLC Find an Advisor||$4,629,743,956||$15,000 minimum annual fee|| || |
Minimum Assets$15,000 minimum annual fee
|2||Frontier Wealth Management, LLC Find an Advisor||$3,662,348,902||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Tower Wealth Managers Find an Advisor||$1,903,255,716||$3,000 minimum annual fee|| || |
Minimum Assets$3,000 minimum annual fee
|4||Buttonwood Financial Group, LLC Find an Advisor||$510,715,273||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Sterneck Capital Management, LLC Find an Advisor||$233,095,064||$500,000|| || |
|6||Nicholson Capital Management, Inc. Find an Advisor||$185,294,015||$400,000|| || |
|7||Mader & Shannon Wealth Management Find an Advisor||$203,223,541||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||The Planned Approach Find an Advisor||$265,750,121||$2,000,000|| || |
How We Found the Top Financial Advisor Firms in Kansas City, Missouri
To find the top financial advisors in Kansas City, 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:
Prairie Capital Management
Leading off our list is Prairie Capital Management. The firm doesn't use an asset minimum, but rather a $15,000 minimum annual fee for new clients. Most of the firm’s clients are high-net-worth individuals, with the rest being pooled investment vehicles and businesses.
Prairie Capital Management is a fee-only firm, qhich means all of its compensation comes from client-paid fees. This differs from a fee-based firm, which is one that can receive commissions from third-party sales. Besides its Kansas City headquarters, this firm has offices in Chicago and Dallas.
Prairie Capital Management Background
Prairie Capital Management was formed in 2010 by managing directors Brian Kaufman, Curtis Krizek and Rob Schneider. The firm’s team averages about 20 years of experience in personal finance. The firm is owned by UMB Financial Corporation.
Prairie Capital Management offers pension and profit-sharing plans, estate and trust planning and retirement planning. It serves individuals, businesses and charitable organizations.
Prairie Capital Management Investment Strategy
Prairie Capital Management offers both traditional and alternative investment ideologies. If you choose to go the traditional route, your money will be allocated to both active and passive fixed investments and equity investments. Opting for the firm’s alternative investment ideology opens the door for your assets to be invested in private equity and hedge funds, as well.
Aside from investment ideology, your risk tolerance is also a major determinant of how your asset allocations will look. After your portfolio is created, Prairie Capital Management will periodically rebalance your account to ensure it stays aligned with to your original investment plan.
Frontier Wealth Management
Frontier Wealth Management has billions under its control, bringing this independent firm to our list of Kansas City’s top firms. The firm’s team includes certified financial planners (CFPs), certified public accountants (CPAs), chartered financial analysts (CFAs) and masters of business administration (MBAs).
You won't need to meet a minimum account size requirement to open an account with Frontier Wealth Management. The firm primarily serves individuals both with and without a high net worth.
Clients also may be offered insurance products when working with Frontier. They may receive commissions by recommending products from this business. These arrangements may create conflicts of interest. However, Frontier’s advisors are fiduciaries, meaning they must always act in your best interest.
Frontier Wealth Management Background
Frontier Wealth Management has been in business for well over a decade. The firm is currently run by CEO Nick Blasi and CFO Brandon Sifers. On average, advisors at this firm have more than 20 years of experience in the financial industry.
For individuals and businesses alike, Frontier Wealth Management offers financial planning for retirement funding, estates, trusts and pension and profit-sharing plans.
Frontier Wealth Management Investment Strategy
Frontier Wealth Management prioritizes asset allocation when it creates portfolios and it prides itself on diversifying as fully as possible. The firm uses your time horizon to determine exactly what level of diversification is necessary.
Depending on your timeline, Frontier may use both long-term and short-term ideologies. However, the firm believes that long-term securities are the best option in most cases.
Tower Wealth Managers
Tower Wealth Managers’ advisors boast an impressive number of certifications. Its team includes six chartered financial analysts (CFAs) and three certified financial planners (CFPs).
This fee-only firm's client base consists of mostly non-high-net-worth individuals. The firm does not require a minimum account balance, but rather a minimum annual fee of $3,000.
Tower Wealth Managers Background
Tower Wealth Managers was established in 2007. It’s a subsidiary of Country Club Trust Company. Chuck Maggiorotto, the firm’s president and CEO, has more than 30 years of experience in finance.
Tower Wealth Managers claims it can manage nearly any type of account. However, it typically handles IRAs; SEP-IRAs; revocable, irrevocable and special needs trusts; conservatorships; and solo 401(k) plans. The firm also serves business owners, aiding in the building and management of their investment portfolios.
Tower Wealth Managers Investment Strategy
Through the assembly of globally diversified portfolios, Tower Wealth Managers aims to lower risk and market volatility as much as possible. At this firm, risk tolerance largely dictates how your assets will be invested. In addition, Tower Wealth Managers also takes into account your time horizon and financial goals.
The firm typically invests its clients’ assets in individual equities, bonds, exchange-traded funds (ETFs) and mutual funds.
Buttonwood Financial Group
Buttonwood Financial Group is an SEC-registered advisor firm providing its clients with financial planning, investment consulting and portfolio management services. The firm primarily works with individuals. But it also extends its services to corporations and charitable organizations.
You don’t need a minimum initial investment to work with Buttonwood. However, the firm does require a retainer fee for certain services.
Certain on-staff advisors at this firm can sell insurance products to clients on a commission basis. While this represents a potential conflict of interest, the firm is legally bound by its fiduciary duty to act in clients' best interests at all times.
Buttonwood Financial Group Background
Buttonwood first opened its doors in 2002. However, it wasn't until 2009 that it registered with the SEC as an advisor. The primary owner and president of the firm is Jon McGraw.
Buttonwood Financial Group Investment Strategy
Buttonwood offers its services as a cluster or separately. For instance, you can seek financial planning services around topics like retirement savings and estate planning. And the firm can also manage an investment portfolio for you on a fee-basis. As a client, you can have either service individually or in a bundle through the firm’s Family CFO package.
Your managed account may invest in various securities including stocks, bonds, mutual funds and exchange-traded funds (ETFs) based on your risk appetite and objectives.
Sterneck Capital Management
Sterneck Capital Management has a $500,000 minimum account size requirement. The firm primarily works with individuals, though a small fraction of its clients are high-net-worth individuals. It also works with retirement plans, charities and businesses.
This is a fee-only firm. As a result, its only form of compensation are the fees that clients pay.
Sterneck Capital Management Background
Sterneck Capital Management has one of the longest histories of any firm on this list. Frank Sterneck started the firm in 1989. Today, the staff at Sterneck averages around 30 years of experience in finance.
The list of account services offered by Sterneck is extensive. The firm provides aid for individual trusts, traditional and Roth IRAs, 401(k) rollovers, foundation and custodial accounts. 529 college savings plans and Coverdell Education Savings Accounts.
Sterneck Capital Management Strategy
Sterneck Capital Management typically invests its client assets in stocks, mutual funds, exchange-traded funds (ETFs), master limited partnerships (MLPs), real estate investment trusts, bonds and mortgage-backed and index-linked notes. To determine where your assets will ultimately be invested, Sternbeck relies on research, technical analysis and industry journals.
Using what is called the “contrarian approach,” Sterneck will attempt to identify securities that it believes are mispriced at the moment. This might cause your money to end up in places that may not immediately appear profitable. However, Sterneck says that it focuses on what it thinks - based on its experience - are “realistic valuations.”
Nicholson Capital Management
According to recent SEC filings, Nicholson Capital Management (NCM) has a small number of advisors who provide investment advisory functions. However, the firm has accumulated millions in assets under management (AUM). It provides wealth management and consulting services to individuals, as well as trusts, estates, government entities and charities. Most of its individual clients falls outside the scope of high-net-worth. You’d generally need a minimum account size of $400,000 to recieve investment advisory services.
Fee-only NCM serves as an independent advisory firm and doesn’t sell any investment products. Nor does it collect compensation from the recommendation of any particular investments.
Nicholson Capital Management Background
NCM can trace its history back to 1988, making it the longest-running firm on our list. Today, the firm’s sole owner Jennifer D. Nicholson, who also serves as its president and chief compliance officer (CCO).
The firm provides a range of wealth planning services, including, but not limited to, portfolio management.
Nicholson Capital Management Investment Strategy
Based on a client’s risk tolerance and financial goals, the firm primarily builds portfolios with stocks, bonds, exchange-traded funds (ETFs) and mutual funds. The firm may also consider specific investments based on a screening process that considers factors like performance, internal fees and manager tenure.
The firm generally makes long-term security purchases, but makes short-term purchases when deemed appropriate. NCM states, "Because some of these investment strategies involve certain additional degrees of risk, they will only be recommended when consistent with the client’s stated tolerance for risk."
Mader & Shannon Wealth Management
For a smaller firm, Mader & Shannon Wealth Management's advisors hold an impressive array of certifications. The firm has a certified financial planner (CFP), a chartered life underwriter (CLU), a chartered financial consultant (ChFC), two chartered market technicians (CMTs) and a chartered financial analyst (CFA) on staff.
Mader & Shannon does not require a minimum amount of assets to open an account. It primarily serves non-high-net-worth individuals.
This is a fee-based firm, so be aware that you may encounter insurance offers when working with Mader & Shannon. Any sales may result in extra earnings for the firm’s advisors. However, this firm is a fiduciary, which means it must act in your best interest at all times.
Mader & Shannon Wealth Management Background
Mader & Shannon Wealth Management was founded in 2005 by James Mader and George Shannon. Today, the firm is run by its principal owners, chairman and CEO James Mader and president Bret Guillaume.
Mader & Shannon provides a wide range of services. Its offerings include complete portfolio analysis, financial planning, retirement cash flow planning, as well as advice on pension plans, 529 plans, IRAs and 401(k) plans for businesses.
Mader & Shannon Wealth Management Strategy
Mader & Shannon Wealth Management uses historical and technical charting, financial publications, research materials, annual reports, corporate rating services and more to determine which undervalued investments are worth investing in. Mader & Shannon says it typically invests its clients’ assets in exchange-traded securities that are highly liquid.
Unlike many other firms, Mader & Shannon may make significant changes to your original investment plan. The firm’s advisors make these decisions based off of daily evaluations of what’s going on in the market. The firm uses various accounting platforms to monitor the current and projected performance of investments.
The Planned Approach
The Planned Approach has a team that includes two certified financial planners (CFPs). This firm has quite a high account minimum compared to other firms on this list. In fact, to be a client of this fee-based firm, you’ll need at least $2 million. Therefore, it’s no surprise that this firm’s client base is almost entirely comprised of high-net-worth individuals.
Certain advisors here may act as insurance agents, and they may earn commissions or other compensation for selling related products. The Planned Approach is bound by fiduciary duty though, so the law requires it to act in your best interest at all times.
The Planned Approach Background
Founders Stephanie Guerin and Kelly Hokanson formed The Planned Approach in 2002, which makes it one of the oldest firms on this list. Guerin and Hokanson own the firm along with Staci Peterson, who joined The Planned Approach in 2010.
The Planned Approach offers retirement planning, estate planning, charitable planning, tax minimization, real estate management and insurance advice.
The Planned Approach Strategy
The Planned Approach’s investment process begins with a thorough evaluation of your current financial situation and your goals. The firm’s advisors believe “money is like soap - the more it is touched, the smaller it gets.” Thus, The Planned Approach makes investments that it intends to hold for at least a year. This focus on investing for the long-term is designed to make your portfolio perform as consistently as possible.
Typically, The Planned Approach invests its clients' assets in exchange-traded funds (ETFs), mutual funds, cash and bonds. Its advisors also delve into alternative investments like oil and gas, land, banking, real estate and personally held business options. Portfolio rebalancing is another key piece of this firm’s strategy, as it ensures the firm’s plan stays in effect.