Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Loading
Tap on the profile icon to edit
your financial details.

Krilogy Financial Review

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Based in St. Louis, Krilogy Financial offers a wide selection of advisory services to individual and institutional clients. The fee-based firm has a large staff of advisors managing billions of dollars in client assets. The practice 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 also holds a spot on 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. It's owned by firm president and CEO Kent Scott Scornia, who is also its founder. The practice is headquartered in St. Louis, but also has secondary branches in St. Peters 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, trusts, estates, pension and profit-sharing plans, endowments and charitable foundations. 

Krilogy Financial requires a minimum account size of $250,000. However, if you can't meet this minimum, you may be obligated to pay a flat fee for any services rendered.

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’s investment management fees are based on a specific schedule, which is below. However, the firm may be willing to negotiate fee rates, with a total cap of 2.00% annually.

Krilogy Financial Fee Schedule
AUM Annual Fees
Up to $250,000 1.50%
$250,001 - $1,000,000 1.00%
$1,000,001 - $2,000,000 0.75%
Above $2,000,000 0.50%

Here's a breakdown of about what you can expect to pay for investment management services at Krilogy:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Krilogy Financial*
Your Assets Krilogy Financial Fee Amounts
$500K $6,250
$1MM $11,250
$5MM $33,750
$10MM $58,750

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.

Tips for Finding a Financial Advisor 

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research