Finding a Top Financial Advisor Firm in Missouri
Choosing the right financial advisor is crucial, but with so many advisors out there, finding a strong fit for you is much easier said than done. To help you through your search, we did some of the heavy lifting by collecting a number of important factors on each of the firms below, such as their assets under management (AUM), fees and investment strategies. Start your search with this list of the top financial advisor firms in Missouri. You can also use SmartAsset’s free financial advisor matching tool to connect with advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Moneta Group Investment Advisors, LLC Find an Advisor||$30,651,380,206||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Buckingham Strategic Wealth, LLC Find an Advisor||$23,358,147,383||$3,000 minimum annual fee|| || |
Minimum Assets$3,000 minimum annual fee
|3||Forvis Wealth Advisors, LLC Find an Advisor||$7,399,111,171||$5,000 minimum annual fee|| || |
Minimum Assets$5,000 minimum annual fee
|4||Plancorp, LLC Find an Advisor||$5,545,417,718||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Prairie Capital Management, LLC Find an Advisor||$5,881,478,489||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Visionary Wealth Advisors, LLC Find an Advisor||$2,019,625,094||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Matter Family Office Find an Advisor||$3,212,104,878||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Argos Capital Partners, LLC Find an Advisor||$1,505,697,859||No set account minimum|| || |
Minimum AssetsNo set account minimum
|9||Krilogy Financial, LLC Find an Advisor||$1,843,806,481||$3,750 minimum annual fee|| || |
Minimum Assets$3,750 minimum annual fee
|10||JAG Capital Management, LLC Find an Advisor||$1,752,538,133||$100,000|| || |
What We Use in Our Methodology
To find the top financial advisors in 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:
- 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.
Moneta Group Investment Advisors
Moneta Group Investment Advisors is a wealth advisory firm headquartered in St. Louis that has been doing business for over 150 years.
It currently works with clients who hold billions in assets under management (AUM). High-net-worth individuals make up the largest portion of the firm’s client base, but it also works with non-high-net-worth individuals, pension plans, charitable organizations and corporations.
The firm employs almost two hundred advisors. Among them are certified financial planners (CFPs), certified public accountants (CPAs) and chartered financial analysts (CFAs).
As a fee-only firm, Moneta earns money solely through management fees that are paid by clients. This is different from a fee-based firms, where some employees can also sell insurance policies and other financial products for commissions.
Moneta doesn’t typically impose an account minimum for new clients.
Fees at Moneta are determined on a case-by-case basis, so there is no standard schedule that applies to all clients. Percentage-based fees generally fall between 0.50% and 1%, with minimum annual fees also being determined from client to client.
Moneta Group Investment Advisors Background
Moneta Group Investment Advisors can trace its history back to 1869, and it is wholly owned by Moneta Group, LLC, which in turn is owned by Moneta Partners.
The firm provides financial planning and portfolio management services for both individuals and businesses, along with outside advisor selection.
Moneta Group Investment Advisors Investment Philosophy
At the start of every client relationship, Moneta Group draws up an investment policy statement (IPS) that lays out how the firm will approach building the client’s portfolio. The policy will factor in the client’s investment objectives, risk tolerance, performance expectations, income tax considerations and general economic considerations, among other factors.
Moneta Group, like many firms, views asset allocation as the key determinant for long-term investment results, and as such, it tailors the allocation of each portfolio to match the client’s goals and comfort level. Fixed-income investments such as bonds are used to provide stable income and mitigate risk. Equity securities are used to generate the potential for growth, and alternative investments may be used to increase diversification or expected return.
Buckingham Strategic Wealth
Buckingham Strategic Wealth is a fee-based firm that opened for business back in 1994. It currently works with both non-high-net-worth and high-net-worth individuals, as well as pension plans, charitable organizations and businesses.
The firm's advisors hold multiple certifications, including designations as certified financial planner (CFP), certified public accountant (CPA), accredited investment fiduciary (AIF), chartered retirement plan consultant (CRPC), chartered financial analyst (CFA) and chartered financial consultant (ChFC).
Buckingham Strategic Wealth has a minimum annual fee of $3,000. While it technically doesn’t have a minimum investment requirement, the firm accepts new clients with less than $300,000 on only a case-by-case basis.
Buckingham Strategic Wealth Background
Buckingham Strategic Wealth was founded in 1994 and is headquartered in St. Louis. It’s a wholly owned subsidiary of Focus Financial, LLC, a massive nationwide network of financial advisors. The firm employs numerrous advisors, only some of whom work out of its headquarters. In total, the firm runs 42 locations outside of its home base.
The firm offers portfolio management, financial planning, financial consulting and advisory services for retirement plans.
Buckingham Strategic Wealth Investment Philosophy
Buckingham Strategic Wealth believes in evidence-based investing, and ascribes six key tenets to that philosophy:
- Outperforming the market is difficult.
- Size, value and momentum are all crucial elements of stock selection.
- Global diversification is the starting point.
- The primary role of fixed-income is to reduce portfolio volatility.
- Academic evidence supports modest use of alternative investment strategies.
- Evidence-based investing slowly evolves over time.
When constructing client portfolios, Buckingham typically opts for mutual funds and exchange-traded funds (ETFs) over individual stocks. The firm will also invest in fixed-income securities such as bonds to mitigate risk and provide income. Some of the funds the firm invests in may contain alternative investments such as real estate investment trusts (REITs) or commodity futures.
Forvis Wealth Advisors
Forvis Wealth Advisors is a fee-based firm in Springfield that works with both non-high-net-worth and high-net-worth individuals, as well as pension and profit-sharing plans, charities and corporations.
As a fee-based firm, some professionals on the advisory staff could get commissions from selling financial products. But they must uphold Forvis’ fiduciary standard, which puts the interests of clients first.
Those who engage in investment consulting and management have a minimum account value requirement of $1 million. But the firm can make exceptions based on its discretion.
Forvis Wealth Advisors Background
Forvis is registered as an investment advisor with the Securities and Exchange Commission (SEC). The firm is a wholly owned subsidiary of Forvis, LLP.
According to its brochure, Forvis, LLP is a professional services firm that was created with the merger of BKD, LLP and Dixon Hughes Goodman, LLP in 2022.
Forvis Wealth Advisors Investment Strategy
Forvis says it works with clients to prepare specific asset allocation strategies based on goals, objectives and risk tolerance, among other factors.
The firm selects a mix of investments, including mutual funds, exchange-traded funds (ETF), bonds, stocks, and alternative investments.
Headquartered in St. Louis, Plancorp's clients are a mix of non-high-net-worth and high-net-worth individuals, as well as pension plans, charitable organizations and corporations.
The firm doesn’t impose an account minimum, but it does charge a minimum annual fee of $6,000 for new clients.
Among the firm’s advisors are certified financial planners (CFPs), accredited investment fiduciaries (AIFs), certified public accountants (CPAs) and chartered financial analysts (CFAs).
Plancorp first opened for business in 1983, and it’s currently owned by 26 direct owners, 23 of which are employees of Plancorp.
The firm offers fee-only investment management and financial planning services to its clients, as well as consulting services for pensions and other qualified retirement plans.
For investment management services, the firm will typically charge you 0.45% to 1% of your invested assets, although it may decide to negotiate a different fee. For financial planning or other consulting services, the firm will typically negotiate a fixed fee based on the scope and complexity of the services being provided.
Plancorp Investment Philosophy
Plancorp's investment philosophy centers around modern portfolio theory (MPT), which attempts to minimize volatility and maximize returns for a given level of risk. The firm generally opts for a passive asset management style over an active one, and therefore, it often recommends no-load passively managed mutual funds.
Plancorp doesn’t frequently build portfolios with individual stocks, bonds or actively managed mutual funds. However, it may include these investments in special circumstances if it feels that doing so would best meet the specific needs of the client. With every portfolio, the firm stresses fee and tax minimization.
Prairie Capital Management
Prairie Capital Management is a wealth advisory firm that was established in 2010. The firm’s client base is home to high-net-worth individuals, pooled investment vehicles, pension plans, charitable organizations, insurance companies and corporations.
Prairie Capital doesn’t specify an account minimum, but it does have a $15,000 minimum annual fee.
Prairie Capital Management is a fee-only firm, meaning its advisors do not receive compensation beyond client-paid fees.
The firm employs dozens of advisors, some of whom have earned professional certifications including chartered financial analyst (CFA) and certified public accountant (CPA).
Prairie Capital Management Background
Prairie Capital Management was established in 2010 by Rob R. Schneider, Brian N. Kaufman and Curtis A. Krizek. The firm provides financial planning, portfolio management, consulting for retirement plans and the selection of outside advisors. In addition to its Kansas City office, the firm has branches in the Chicago and Dallas areas.
The firm doesn’t provide specifics regarding how its advisory fees are normally calculated, but fees can come in the form of hourly charges, fixed fees or a percentage of AUM. Prairie Capital Management may charge performance-based fees, which is relatively uncommon industry-wide.
Prairie Capital Management Investment Philosophy
Prairie Capital Management typically invests client assets in a combination of mutual funds, exchange-traded funds (ETFs), private investment funds, individual stocks and cash or cash equivalents.
The firm starts each investment process by evaluating the client’s specific financial goals and objectives. With these factors in mind, the firm will develop an initial asset allocation between broad asset classes like equity, fixed-income and alternative investments. Prairie Capital advisors will monitor the chosen allocation continuously, also keeping an eye on any independent managers selected. The firm typically performs holistic portfolio reviews on a quarterly basis.
Visionary Wealth Advisors
St. Louis-based Visionary Wealth Advisors has no minimum investment necessary to utilize its services. This is borne out in the firm’s client base, as it works with vastly more non-high-net-worth individuals than their high-net-worth counterparts. The firm also maintains advisory relationships with businesses.
The advisory staff at Visionary boasts a number of certifications. These include certified financial planner (CFP), chartered mutual fund counselor (CMFC), accredited investment fiduciary (AIF), chartered retirement planning counselor (CRPC), chartered life underwriter (CLU) and more.
This is a fee-based financial advisor firm. This means certain members of the firm’s advisory staff can receive commissions from the sale of securities to clients. However, the firm abides by fiduciary duty, legally requiring it to act in clients’ best interests at all times.
Visionary Wealth Advisors Background
Visionary Wealth Advisors was established back in 2014. Its founders, CEO Brett Gilliland and president Tim Hammett, still work and own the firm to this day. The duo has years of experience between them.
This firm engages clients in both investment management and financial planning settings. Financial planning can cover a variety of topics, such as retirement planning, business planning, tax planning, insurance planning, financial reporting, trust and estate planning and more.
Visionary Wealth Advisors Investment Strategy
When investing with Visionary Wealth Advisors, your assets will likely be divided between the following securities:
- Mutual funds
- Individual equities
- Cash equivalents
- Third-party manager model portfolios
The exact division of assets between these securities will be based on what kind of investor you are. This will involve accounting for your risk tolerance, time horizon, income needs, long- and short-term goals and more. Your advisor will meet with you to discuss these factors prior to investing your money.
Matter Family Office
Matter Family Office was founded in 1990 and has a client base that’s split between individuals, high-net-worth individuals, pooled investment vehicles and charitable organizations.
There is no account minimum at the firm, but the firm looks for a minimum annual fee of $75,000, implying most clients have at least $750,000 to invest.
There are multiple advisors working here. Across this staff, there are certified financial planners (CFPs), chartered financial analysts (CFAs) and certified public accountants (CPAs).
Fees for advisory services at the firm tend to fall between 0.30% and 1% of your assets under management (AUM).
Matter Family Office Background
Matter Family Office was created in 1990 and is wholly owned by the current management team and employees of the firm.
This fee-only firm provides investment management, wealth planning and consulting services to its clients.
Matter Family Office Investment Philosophy
Matter Family Office approaches investing with an emphasis on diversification across asset classes, investment styles and markets in order to maximize expected return for a given level of risk.
The firm also uses the services of Asset Consulting Group, an external investment consultant, to help formulate portfolio recommendations. With this assistance, the firm constructs asset allocations for each portfolio that seeks to optimize investment opportunities while staying tailored to each client’s specific financial needs.
Argos Capital Partners
Argos Capital Partners is a fee-only firm with no set account minimum. The firm works with high-net-worth individuals, pooled investment vehicles, pension and profit-sharing plans, and foundations.
Fees are generally based on a percentage of assets under management, though performance-based fees may also be used.
The team at Argos has earned multiple certifications, including designations as chartered financial analyst (CFA), certified public accountant (CPA), chartered alternative investment analyst (CAIA), chartered retirement planning counselor (CRPC) and certified financial planner (CFP).
Argos Capital Partners Background
Argos Capital Partners Investment Strategy
Krilogy Financial works with both high-net-worth individual and non-high-net-worth individuals, as well as pension and profit-sharing plans, and charities.
The firm's advisory team holds multiple certifications, including certified financial planners (CFPs), accredited investment fiduciaries (AIFs) and certified public accountants (CPAs), among other designations.
This fee-based firm employs certain advisors that sell insurance policies for commissions. But as a fiduciary, the firm is legally bound to act in your best interests.
Krilogy Financial Background
Krilogy Financial opened in 2008 and is headquartered primarily in St. Louis.
This firm offers a variety of services, including portfolio management, financial planning, investment management, among others.
Krilogy Financial Investing Strategy
As with other firms, Krilogy develops investment strategies based on client circumstances and goals.
The firm uses mostly exchange-traded funds (ETFs), mutual funds, bonds and equities to keep client portfolios diversified.
JAG Capital Management
JAG Capital Management is a fee-based advisor working with individuals (both non-high-net-worth and high-net-worth), investment companies, pension and profit sharing plans, charities, corporations and wrap program accounts.
The team includes several chartered financial accountants (CFAs).
Some advisors earn commissions for selling securities. This is a conflict of interest, but all employees must act in the best interest of the client when serving as an advisor.
The firm generally adheres to a minimum investment of $100,000, though it may waive this at its discretion.
JAG Capital Management Background
JAG Capital Management Investment Strategy
- Growth Equity, focused on stocks showing growth.
- JAG Capital Funds, looking for long-term investments
- SRI Quality Growth, investing with consideration of growth and social responsibility
- ESG and STI Investing, which only investes in SRI- and ESG-focused securities.