Finding a Top Financial Advisor Firm in Kansas
Kansas has plenty of financial advisor firms to choose from, but finding the one that meets your personal needs can be a challenging venture. To make your life easier, SmartAsset analyzed firms across the state to determine the top Kansas financial advisor firms. We’ve included each firm’s fee structure, investing strategies, advisor certifications and more to help you narrow down which might be best for you. The SmartAsset financial advisor matching tool can also connect you with local advisors
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||FCI Advisors Find an Advisor||$12,404,221,285||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||Sunesis Advisors, LLC Find an Advisor||$622,106,375||$5,000,000|| || |
|3||Financial Advisory Service, Inc. Find an Advisor||$1,881,413,579||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Meritage Portfolio Management, Inc. Find an Advisor||$1,947,664,710||$2,000,000|| || |
|5||6 Meridian, LLC Find an Advisor||$1,854,144,464||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Rocky Mountain Advisers, LLC Find an Advisor||$1,694,018,241||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||The Retirement Planning Group, Inc. Find an Advisor||$1,043,885,814||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Stepp & Rothwell, Inc. Find an Advisor||$831,562,741||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||IMA Wealth, Inc. Find an Advisor||$681,009,333||$50,000|| || |
|10||Clayton Wealth Partners Find an Advisor||$616,989,201||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Kansas
To find the top financial advisors in Kansas, 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:
FCI Advisors is the first firm on our list of the top financial advisors in Overland Park. This firm works with a ton of clients, both individual and institutional. Most of the firm's clients are non-high-net-worth individuals. Institutional clients at the firm include banks, investment companies, pooled investment vehicles, pensions, profit sharing plans, charities, government entities, other investment advisors, insurance companies and other businesses.
Advisors at FCI don't earn commissions from selling financial products to clients, which makes the firm fee-only. Minimum account sizes at FCI Advisors will vary depending on the type of account you choose to open. Minimums may range from $100,000 to $250,000.
FCI Advisors Background
FCI Advisors was founded in 1966 and has been in business ever since. However, it only became an SEC-registered investment advisor in 1995. FCI is owned by FCI Holding Corporation, which is owned by MTC Holding Corporation. It has offices in Kansas City, Missouri; Clayton, Missouri; Greenwood Village, Colorado; Shelton, Connecticut; Reston, Virginia; and Vancouver, Washington.
FCI Advisors Investment Strategy
FCI Advisors uses several different investment strategies, model portfolios and accounts to help grow client assets. They look to do so on an individualized and tailored basis. Advisors work with clients to determine their objectives, including overall financial situations, tolerance for risk and other important information. They then decide how to properly proceed.
Advisors at FCI don't usually stick to specific securities when populating client portfolios. They may also use several different methods of analysis to inform investment decisions.
Sunesis Advisors, a fee-only advisor firm. The Overland Park-based financial advisor firm has a small team of advisors. What makes this firm especially unique is its individual client base. The firm has a very small number of high-net-worth clients, and it does not serve any non-high-net-worth clients. Not surprisingly, the firm calls for a minimum of $5 million in investable assets to open an account. Aside from its small group of individual clients, the firm also can work with trusts, estates, charities and businesses.
Sunesis Advisors Background
Founder Chad Battison established Sunesis Advisors in 2011. Battison’s financial industry experience extends far beyond that though. He has been in the field since 1994, giving him a total of 25 years of experience.
Holisticity is the hallmark of how this firm attempts to attend to its clients’ personal, familial and business needs. The firm focuses on the following areas:
- Retirement planning
- Estate planning
- Tax planning and mitigation
- Asset protection
- Business succession planning
- Insurance coverage review
Sunesis Advisors Investing Strategy
There are two basic routes that this firm will take to build a client’s portfolio. Either Sunesis will use third-party investment managers to flesh out and diversify a client’s account, or it will utilize mutual funds, exchange-traded funds (ETFs) and co-mingled funds to accomplish the same task.
While the second approach is fairly typical, the prospect of using outside managers is not quite as common. The firm claims that working in this way will maximize your net worth and current cash flow while keeping your investments diversified, instead of trying to fit your needs into the firm’s preferred investment methods.
Financial Advisory Service
Financial Advisory Service is a Leawood-based firm. It's team includes several certified financial planners (CFPs).
The firm doesn't have a minimum account size requirement, but it does suggest that clients have $500,000 in investable assets. The fee-based firm primarily works with individuals (both high-net-worth and not), businesses, trusts, estates, charitable organizations, pension and profit-sharing plans and certain deferred compensation plans at businesses. When it comes to its individual client base, the firm works with twice as many individuals as high-net-worth individuals.
Some advisors at this firm sell insurance policies or securities, and they may earn commissions from sales. This makes the firm fee-based. However, the firm does abide by fiduciary duty, meaning it must act in your best interest.
Financial Advisory Service Background
Created in 1979, Financial Advisory Service is one of the oldest firms on this list. The firm’s founder is Max Greer, Jr., who is no longer with the firm.
If you have a specific financial goal you want to reach, this firm can build a matching investment management plan that is meant to get you there within your time horizon. If you prefer general financial planning, the firm offers budget planning, retirement planning, estate planning, insurance review and death and disability financial management.
Financial Advisory Service Investing Strategy
The first step in the firm’s investment strategy-building process is helping you define your financial goals. You’ll go over things like your current account balances, insurance needs, income taxes, retirement goals and any existing investments. Using this information, your advisor will build a plan. Typically, the firm invests its clients’ assets in investments like mutual funds, exchange-traded funds (ETFs), securities, annuities and more.
The advisor-client relationship doesn’t end there. Once your advisor puts your strategy into place, he or she will constantly update you on any changes in your account. This open line of communication maximizes transparency, giving you more control over your money.
Meritage Portfolio Management
Established in 1991, Meritage Portfolio Management is a fee-only advisory firm. It mainly works with high-net worth individuals, but it also extends its services to clients outside this scope. To work with the firm, you’d need a minimum investment of $2 million.
As a fee-only firm, Meritage collects only fees for its own services. It doesn’t sell its own products or earns commissions by recommending one investment or provider instead of another. This can significantly reduce potential conflicts of interest since the advisor won’t be incentivized to make recommendations that could earn him or her more in compensation.
The firm is currently staffed by multiple advisors that includes such advisory certifications as chartered financial analyst (CFA), certified financial planner (CFP), certified public accountant (CPA) and chartered investment counselor (CIC).
Meritage Portfolio Management Background
Meritage Portfolio Management was formed in 1991 by Evans, Bash, Magrino and Klein, Inc. The firm generally offers financial planning and portfolio management services to its clients.
Its two primary owners are Mark E. Evans and James M. Klein, who both serve as senior portfolio managers for the firm. Together, they trace back more than 70 years of experience in the financial services industry.
Meritage Portfolio Management Investing Strategy
Meritage Portfolio Management offers discretionary investment advisory services based on three equity-driven strategies. These are value, growth and yield-focus. It also deploys taxable and tax-exempt fixed income strategies managed in a conservative fashion.
The three equity strategies are mainly supported with large cap investments. This means the firm will primarily invest in stocks of companies with large market capitalization. However, the firm does take a small-cap approach for clients who’d prefer it.
To build an asset allocation, Meritage focuses on several factors such as risk tolerance, cash flow needs, time horizon, adaptability to changing market conditions and financial situation and overall investment objectives.
6 Meridian is the next firm up on this list. In fact, the firm placed as SmartAsset’s top financial advisor firm in Wichita. The firm serves mostly high-net-worth individuals.
This fee-based firm has a small advisory team, with such advisory certifications as certified financial planner (CFP), chartered financial analyst (CFA), chartered financial consultant (ChFC) and chartered retirement planning counselor (CRPC).
If specific securities are traded within your account, your advisor may earn commission. Furthermore, certain advisors at this firm are insurance agents, resulting in yet another way advisors may earn additional compensation. This makes it a fee-based firm. However, the firm does hold itself to fiduciary duty.
6 Meridian Background
6 Meridian was formed in 2016, making it one of the youngest firms on this list. The firm is owned by senior managing director Thomas Kirk, III, CEO Margaret Dechant, CIO Andrew Mies, managing director Bryan Green, senior VP Pam Smith and first VP Sarah Hampton.
It may appear as though 6 Meridian lacks a long list of offered services, but don’t be fooled. The firm builds more specific plans once a client-advisor relationship has begun. The broader services the firm offers include trust planning, estate planning, retirement planning, education cost planning, business planning and cash flow forecasting.
6 Meridian Investing Strategy
Clients of 6 Meridian can choose from several portfolio models that vary in expected return and corresponding risk. Which portfolio you choose will depend on three different personal factors: your risk tolerance, time horizon and overall financial goals.
The firm’s short duration portfolio has the lowest risk, but that does mean that your overall earnings potential will be lower. On the other hand, the firm’s emerging markets blend portfolio is very risky but bears the chance that your account could grow exponentially in a fairly short time period. All of the firm’s portfolios, regardless of tier, are globally diversified.
Rocky Mountain Advisers
Rocky Mountain Advisers (RMA) is a fee-only firm that conducts most of its business in its current headquarters in Salina, Kansas. Unlike most of the firms on our list, RMA doesn’t have a web presence. The firm doesn't require a minimum investment to open an account.
The firm provides discretionary investment advisory and financial planning services to private clients. It also sub advises the Boulder Growth & Income Fund, a closed-end mutual fund registered with the SEC. The firm primarily works with non-high-net-worth individuals.
Rocky Mountain Advisers Background
Rocky Mountain Advisers formed in 2008. However, it became actively involved in providing investment advisory services in 2010. Its principal equity holder is the Susan L. Ciciora Trust, an irrevocable grantor trust domiciled in Alaska.
In 2018, RMA closed its office in Boulder, Colorado. That same year, it also resigned as co-manager of the Boulder Growth & Income Fund with Stewart West Indies Trading Co,. Ltd. (SIA). It still, however, serves as sub-advisor to the fund.
Rocky Mountain Advisers Investing Strategy
Rocky Mountain Advisers develops asset allocations based on a client’s objectives including maximum capital appreciation, tax situation, income and projected growth of income. On a discretionary basis, the firm may invest your assets in the following.
- Mutual funds
- Certificates of deposit (CD)
- Fixed-income securities
Based on your financial situation and objectives, the firm may engage in long-or-short-term purchases. Long-term strategies typically involve seeking potentially undervalued securities and holding on to these in the account for at least a year. The latter involves purchasing securities with the intent to sell them within a year or less.
The Retirement Planning Group
The Retirement Planning Group is based in Leawood. The firm principally serves non-high-net-worth individuals, though it also works with a small number of high-net-worth individuals.
The fee-based firm doesn’t call for a set amount of minimum assets to open an account with one of its advisors.
If an advisor at this firm offers you an insurance policy and you purchase it, know that he or she may earn a commission. But because of the firm’s registration with the SEC, it’s bound by fiduciary duty.
The Retirement Planning Group Background
The Retirement Planning Group has five principal owners: Kevin M. Conard, Ryan P. Costello, Robert R. O’Blennis, Dwight Twillman and Kevin Jaeger.
This firm prides itself on being able to manage the financial needs of its clients no matter the situation. As a result, its offered services cover many different life events:
- Debt management
- Retirement income planning
- Charitable giving
- Estate planning
- Social Security/Medicare planning
- Tax minimization
- Insurance planning
- Divorce financial planning
The Retirement Planning Group, Investing Strategy
The Retirement Planning Group guides its clients through a four-step process: “Getting to Know You,” “Creating the Blueprint,” “The Reality Check” and “Organization.” The first two steps will undoubtedly blend together, as your risk tolerance and financial goals will shape your investment plan.
Once your investment plan has been been fully implemented, the firm will keep a constant eye on how it’s performing. Lastly, as your account grows, the firm will find ways to help you organize your assets so that you stay in control. The firm often reiterates this theme of control, which may appeal to some investors.
Stepp & Rothwell
Stepp & Rothwell is the next firm up on our Kansas list. The firm primarily works with high-net-worth individuals, though it also works with non-high-net-worth individuals, charities, trusts, estates and other businesses. This fee-only firm employs such certifications as certified financial planner (CFP), certified public accountant (CPA) and chartered financial analyst (CFA).
Stepp & Rothwell Background
Kathy Stepp and Howard Rothwell co-founded Stepp & Rothwell in 1992. The two foundser, who are also advisors, have worked as financial advisors for over 30 years. The firm is owned by Stepp, Rothwell, Ken Eaton and Amy Guerich.
Stepp & Rothwell provides clients with combined financial planning and investment management services, but it also does stand-alone financial planning and asset management for those that want it.
Stepp & Rothwell Investing Strategy
Advisors at Stepp & Rothwell look to tailor investment strategies to the needs of clients. Advisors primarily populate investment portfolios with securities held for the long-term, which is typically one year or more.
Some clients have higher liquidity needs than others. Advisors working with such clients may invest with a shorter time horizon. Advisors who work wthese these clients may also try to take advantage of short term market flucuation, also known as market timing. This approach also requires a higher level of risk tolerance.
Next up on our Kansas list is IMA Wealth. This large firm works with individuals, family offices, corporations, charities, pensions and profit sharing plans. A small number of its individual clients have a high net worth, and the firm does not have a minimum account size requirement.
As a fee-based firm, IMA has advisors on staff who can sell insurance products for commissions. This is a potential conflict of interest. However, the firm is a fiduciary and is legally obligated to work in your best interests.
IMA Wealth Background
IMA Wealth was founded in 1999. It has satellite offices in Dallas and Denver. IMA Financial Group, Inc. is this firm’s parent company and whole owner. IMA Wealth's advisory team includes advisory certifications such as accredited investment fiduciary (AIF), certified financial planner (CFP), chartered financial analyst (CFA), certified retirement plan specialist (CPRS) and chartered life underwriter (CLU).
IMA Wealth Investment Strategy
IMA Wealth looks to tailor its investment management strategies to the individual needs of its clients. This is a fairly industry-standard practice. However, the firm does place signifincat emphasis on proper and effective asset allocation across all client accounts. Advisors work with clients to learn the tolerance for risk, time horizons and financial objectives.
Every client at IMA works with a Relationship Manager who helps the client build an effective and individualized financial plan. When it comes to evaluating investments and crafting portfolios, advisors use quantitative and qualitative methods of analysis.
Clayton Wealth Partners
Clayton Wealth Partners rounds out our list of the top financial advisors in Kansas. Most of the firm's clients are individuals, those both with and without a high net worth. Other institutional clients include charities and other businesses, though it doesn't work with too many of them. There are no minimum account size requirements, though there are minimum annual fees for certain accounts.
This is a fee-only firm, meaning that advisors do not receive sales commissions for insurance or securities sales. This avoids a potential conflict of interest.
Clayton Wealth Partners Background
Clayton Wealth Partners was established in 1984 by its two founding partners, Debra and Randy Clayton. Debra Clayton currently serves as president of the firm. Randy Clayton is secretary and treasurer.
The firm employs a wide range of financially certified individuals, including certified financial planner (CFP), chartered financial analyst (CFA), certified investment management analyst (CIMA) and more.
This firm provides clients with portfolio management and financial planning services along with financial consulting. Advisors may work with clients to develop a wide range of different financial plans.
Clayton Wealth Partners Investment Strategy
Clayton Wealth Partners and its team of advisors works with client individually so that they can provide tailored sevices. Advisors meet with clients individually to determine thier investment objectives, investment history, income needs, time horizons and tolerance for risk. From there, the advisor make a recommendation of which model portfolio or portfolios to use.
Advisors at the firm tend to invest for the long-term, though short-term trades will sometime make sense in a given portfolios. Portfolios tend to be thoroughly diversified across different investments, including mutual funds and exchange-traded funds (ETFs). Advisors tend to use cyclical and fundamental analysis to evaluate investments.