Finding a Top Financial Advisor Firm in Lawrence, Kansas
There are multiple financial advisor firms to choose from in Lawrence, Kansas, and picking the one that best fits your needs can be difficult. In an effort to make your decision easier, SmartAsset's experts researched firms in Lawrence and compiled facts about them, such as their assets under management (AUM), client bases, advisory services, minimum investment amounts and more. If you're still unsure of who to work with, try SmartAsset's free advisor matching tool to get connected with up to three financial advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Affinity Financial Advisors Find an Advisor||$518,088,020||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Mattern Wealth Management, LLC Find an Advisor||$463,270,693||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Edmonds Duncan Registered Investment Advisors, LLC Find an Advisor||$432,483,007||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Rademacher Financial, Inc. Find an Advisor||$149,209,273||$25,000|| || |
|5||The Perspective Group, LLC Find an Advisor||$150,733,663||$5,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Lawrence, we first identified all firms registered with the SEC in the city. 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:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Affinity Financial Advisors
Affinity Financial Advisors is a fee-based firm that works mainly with high-net-worth and non-high-net-worth individual clients. It also manages assets for retirement plans, charities and corporations.
The firm does not impose any investment minimums for new clients.
Affinity's team of financial advisors holds multiple certifications, including chartered life underwriter (CLU), chartered financial consultants (ChFC), accredited investment fiduciaries (AIF), certified financial planners (CFP), certified long-term care (CLTC) advisor, chartered financial analyst (CFA) and chartered advisor in philanthropy (CAP) designations.
As a fee-based firm, certain advisors at Affinity can earn commissions for the sale of specific securities or insurance products. Despite the potential conflict of interest this creates, the firm is a fiduciary and is therefore legally obligated to act in the best interests of clients at all times.
Affinity Financial Advisors Background
Wayne and Jude McDaniel founded McDaniel Knutson Financial Partners (now called Affinity) in 1981, making it one of the oldest firms on our list. The current principal owners of the firm are founding partner Jude McDaniel, president Peter Knutson, and chief investment officer (CIO) Victoria Bogner.
Affinity provides asset management and financial planning services. Wealth management services take into account the full financial profile of clients, including information on time horizons, financial needs, savings tendencies, employment and much more. The firm only manages assets on a discretionary basis.
Affinity Financial Advisors Investment Strategy
Rather than utilize a "one size fits all" approach, Affinity tailors its investment strategy to the needs and goals of clients. The firm conducts several interviews to determine a full profile for each client, including their risk tolerance, income needs and time horizon. The firm also has several different model portfolios that advisors may use in some cases. As your portfolio ages, the firm will continue to monitor its performance and make adjustments on an as-needed basis.
Advisors typically use a range of different investments, including mutual funds, variable annuities, stocks and exchange-traded funds (ETFs) when creating tailored portfolios for clients. Model portfolios are usually built around a more specific spread of investments, varying by portfolio and ranging from growth to conservative investment styles. Advisors use technical, fundamental, sentiment and pattern analysis to evaluate securities.
Mattern Wealth Management
If you're interested in becoming a client of Mattern Wealth Management, there is no account minimum. However, the firm imposes a $300 hourly rate for financial planning services.
Most of the firm's client base is comprised of individuals with less than a high net worth. Other clients of the firm include high-net-worth individuals and charitable organizations.
As a fee-only firm, Mattern Wealth Management earnings comes\ from the fees that clients pay rather than third-party compensation, such as insurance commissions.
Mattern Wealth offers a selection of investment, wealth management and financial planning services. Financial planning can cover a range of topics, such as risk management, tax planning, charitable gift planning, insurance planning, trust and estate planning, cash flow forecasting and more.
Mattern Wealth Management Background
Founded in 2019 by David Mattern, Mattern Wealth Management is one of the youngest firms on this list. Mattern is sole owner of the firm, and he has around 30 years of experiences in various areas of the financial services industry.
Kyle Cross, one of the advisors at Mattern Wealth, is a certified financial planner (CFP).
Mattern Wealth Management Investment Strategy
Before any investment decisions are made, Mattern Wealth Management will take a holistic look at your short- and long-term goals, current financial situation and savings picture. Based on these factors, the firm will put together an appropriate investment plan. This will also detail your personal investment characteristics, such as risk tolerance, time horizon, liquidity needs, income needs and more.
For the most part, this firm tends to invest in some combination of individual stocks, bonds, exchange-traded funds (ETFs) and institutional mutual funds. On some occasions, the firm may use an independent money manager to handle a portion of a client's assets.
Edmonds Duncan Registered Investment Advisors
Edmonds Duncan Registered Investment Advisors is a fee-based firm that manages assets for individuals with and without a high net worth. It also works with some charities and businesses.
There is no minimum investment needed to open an account with this firm.
Edmonds Duncan is a fee-based firm. This means that some of the advisors here can receive commissions from the sale of certain insurance products or securities. This creates a potential conflict of interest, but the firm is still a fiduciary, legally obligating it to act in your best interest at all times.
Edmonds Duncan Registered Investment Advisors Background
Edmonds Duncan Registered Investment Advisors was founded in 2013 by managing partners Donald Duncan and Jason Edmonds, who both still own the firm. Duncan is a certified financial planner (CFP) and a chartered retirement plans specialist (CRPS).
Edmonds Duncan provides financial planning and consulting services to its clients. These might include retirement planning, estate planning, cash flow forecasting and more. When it comes to investing services, the firm typically works on a discretionary basis, though a non-discretionary variation is available.
Edmonds Duncan Registered Investment Advisors Investment Strategy
Edmonds Duncan Registered Investment Advisors offers comprehensive wealth management services that often include a wide range of asset management and financial planning services. For the former, investment strategies are tailored to the individual needs of each client. The firm consistently conducts meetings with clients to ensure that advisors are constantly attuned to their financial objectives. In some cases, clients can place reasonable restrictions on investment decisions.
The firm typically constructs client portfolios using exchange-traded funds (ETFs). It may also utilize mutual funds and individual debt and equity securities as it sees fit, though. The firm uses methods of technical and cyclical analysis to help inform investment decisions, with the goal of choosing the most efficient, liquid and low-cost securities available to help clients achieve their goals.
Rademacher Financial employs a team of advisors that works with both non-high-net-worth and high-net-worth individuals, as well as charities and insurance companies.
The firm imposes a modest minimum investment of $25,000 for most accounts, though this requirement can be waived.
There are a few advisors at Rademacher that can sell insurance products and securities for a commission. That makes the firm "fee-based," but it still maintains its fiduciary duty. This means that it's legally bound to act in the best interests of clients at all times.
Rademacher Financial Background
Husband and wife duo Phillip and Rachel Rademacher co-founded Rademacher Financial in 1999. They remain the principal owners of the firm to this day. Phillip Rademacher acts as president and is a certified financial planner (CFP), and Rachel Rademacher serves as operations manager and holds a chartered retirement planning counselor (CRPC) designation.
Rademacher Financial offers an investment management program through Raymond James. It also provides broad financial planning services to help clients set and meet their short- and long-term goals. The firm mainly works on a discretionary basis.
Rademacher Financial Investment Strategy
Rademacher Financial's management services entail ongoing investment advice and portfolio monitoring. Advisors invest clients' assets in one or more model portfolios, depending on their personal objectives and needs. Model portfolios vary in terms of risk, from low to high. While some strategies may vary from client to client, advisors at Rademacher typically invest using some combination of long-term purchases, short-term purchases and short sales.
For the most part, advisors here tend to recommend mutuals funds and exchange-traded funds (ETFs). That said, advisors may also use equity securities, warrants, corporate debt securities, certificates of deposit (CDs), municipal securities, U.S. Government securities and real estate interest partnerships when constructing portfolios. Methods of analysis that are used by the firm include fundamental and technical analysis.
The Perspective Group
The Perspective Group works primarily with non-high-net-worth individual clients. It also works with high-net-worth individuals, pensions and profit sharing plans and charities.
The Perspective Group requires a low minimum account size of $5,000. It is also a fee-based firm, so certain advisors can earn commissions from selling financial products to clients. Despite this potential conflict of interest, the firm is a fiduciary and is legally obligated to act in the best interests of clients at all times.
The Perspective Group Background
The Perspective Group was founded in 2004, so it's been around for a while. However, it only became an SEC-registered investment advisor in 2020. Prior to last year, it was only registered at the state level in a number of different states. Steve Lane founded in firm in 2004 as a sole proprietorship, and he has helped it grow into what it is today. He is the owner of the firm.
The Perspective Group provides clients with comprehensive financial advisory services, including both investment portfolio management and financial planning services.
The Perspective Group Investment Strategy
The Perspective Group, like most other financial advisory shops, tailors its investment strategies and investment decisions to the individual needs of its clients. This process involves meeting with clients to determine their overall financial situations, investment objectives and even more specific information, such as the client's tolerance for risk and liquidity needs.
Advisors at The Perspective Group may also invest client assets in a guided wealth portfolio, which is a kind of model portfolio designed to drive growth in client portfolios.