Based in St. Louis, Krilogy Financial is a fee-based firm that serves nearly 2,000 clients, the vast majority of whom are non-high-net-worth individuals. The firm provides both financial planning and investment management services. Krilogy is also featured in SmartAsset's list of the top financial advisors in St. Louis.
This is a fee-based firm, which means some advisors can receive insurance commissions in addition to client-paid fees. A fee-only firm, on the other hand, only receives client-paid fees as compensation.
Krilogy Financial Background
A subsidiary of Krilogy, LLC and Krilogy Advisors, LLC, this firm has been in business since 2008. The practice is headquartered in St. Louis, but also has secondary branches in St. Charles and Creve Coeur.
Krilogy Financial's on-staff advisors offer various specialties. Their credentials include Certified Public Accountant (CPA), Certified Financial Planner™ (CFP®), Certified Trust and Financial Advisor (CTFA), Chartered Financial Consultant (ChFC) and Accredited Investment Fiduciary (AIF) and more.
Krilogy Financial Client Types and Minimum Account Sizes
Krilogy Financial works with non-high-net-worth individuals, high-net-worth individuals, pension and profit-sharing plans and charitable foundations.
Krilogy Financial does not have an explicit account minimum size. However, a client that does not meet any suggested account minimum may be required to pay a flat fee for any Services they receive. The firm monitors the total value of your account at all times and if the value falls below the suggested initial investment minimum, then the firm may discontinue Services at its sole discretion.
Services Offered by Krilogy Financial
Krilogy Financial’s services include the following:
- Portfolio management
- Needs-based investing
- Investment policy statement (IPS) creation
- Financial planning
- Finanical organization
- Retirement planning
- Education fund planning
- Long-term care planning
- Insurance planning
- Debt management
- Investment planning
- Tax planning
- Selection of other advisors
- Wrap fee programs
Krilogy Financial Investment Philosophy
Krilogy Financial has an investment committee that manages its investment decisions and policies. Its portfolio asset allocation strategies may utilize mutual funds, equities, bonds, fixed-income, debt securities, exchange-traded funds (ETFs), hedge funds, third-party money managers, real estate investment trusts (REITs), alternative investments and government securities.
In its management of portfolios, the firm may employ long- and short-term purchases, trading, short sales, margin transactions and option writing.
Fees Under Krilogy Financial
Krilogy Financial says in its brochure that it has maintained a number of fee schedules that varied from blended to multiple flat percentage rates. There is a minimum fee of $3,750 annually.
Typical client fees range from .50% to 1.50% of assets under management, depending on account sizes and advisor services. Though the firm also says thay it may be willing to negotiate fee rates, with a total cap of 2.00% annually.
For financial planning, clients pay an hourly fee that can range from $250 to $400. Flat fee arrangements are also available on request.
What to Watch Out For
Based on its SEC-filed Form ADV, Krilogy Financial has no legal or regulatory disclosures on its record.
Some of Krilogy's advisors may earn compensation from the sale of insurance products. These commissions present a potential conflict of interest. That said, as an investment advisor registered with the SEC, Krilogy has a fiduciary obligation to prioritize each client’s best interest above all else.
Opening an Account With Krilogy Financial
If you're interested in becoming a client of Krilogy, visit the firm's website and fill out its contact form. You can also try calling (314) 884-2800.
All information is accurate as of the writing of this article.
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