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 local advisors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Moneta Group Investment Advisors, LLC Find an Advisor||$27,417,700,987||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Buckingham Strategic Wealth, LLC Find an Advisor||$20,179,903,141||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Prairie Capital Management, LLC Find an Advisor||$4,629,743,956||$15,000 minimum annual fee|| || |
Minimum Assets$15,000 minimum annual fee
|4||Plancorp, LLC Find an Advisor||$5,067,823,661||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Matter Family Office Find an Advisor||$3,026,000,882||$5,000,000|| || |
|6||Frontier Wealth Management, LLC Find an Advisor||$3,662,348,902||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||BKD Wealth Advisors, LLC Find an Advisor||$3,703,993,084||$7,500 minimum annual fee|| || |
Minimum Assets$7,500 minimum annual fee
|8||Tower Wealth Managers Find an Advisor||$1,903,255,716||$3,000 minimum annual fee|| || |
Minimum Assets$3,000 minimum annual fee
|9||HM Capital Management, LLC Find an Advisor||$3,678,816,885||$15,500 minimum annual fee|| || |
Minimum Assets$15,500 minimum annual fee
|10||Visionary Wealth Advisors, LLC Find an Advisor||$1,725,470,006||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Missouri
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:
Moneta Group Investment Advisors
Moneta Group Investment Advisors is a wealth advisory firm headquartered in St. Louis that has been doing business for over 100 years. It currently works with thousands of 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 hundreds of advisors. Among them are certified financial planners (CFPs), certified public accountants (CPAs) and chartered financial analysts (CFAs).
Moneta is fee-only, which means all of its compensation comes from client-paid fees. A fee-based firm, on the other hand, earns third-party commissions in addition to advisory fees.
Moneta Group Investment Advisors Background
Moneta Group Investment Advisors can trace its history back to 1869, and it is owned by a group of 24 partners. The firm provides financial planning and portfolio management services for both individuals and businesses, along with outside advisor selection. 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 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 individuals, high-net-worth individuals, pension plans, charitable organizations and businesses. The firm has the second-largest amount in assets under management (AUM) on this list.
Many of the firm's advisors also have certifications like 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.
Prairie Capital Management
Prairie Capital Management is a wealth advisory firm that was established in 2010. Over the years, it’s accrued more than 400 clients who hold billions in assets under management (AUM). 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 the firm and 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.
Plancorp has been around since 1983. Headquartered in St. Louis, the firm currently manages some of the most assets in the state. The firm’s clients are a standard mix of individuals and high-net-worth individuals, pension plans, charitable organizations and corporations.
The firm doesn’t impose an account minimum, but it does charge a minimum annual fee of $5,000. Keep in mind that this minimum may cause Plancorp’s services to be cost prohibitive for you.
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 27.76% owned by Prumentum Group, Inc., a holding company. The remaining shares of the company are owned by members of the Plancorp board of managers, leadership team and other employees. 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.
Matter Family Office
Matter Family Office is the next firm in our roundup, having been founded in 1990. It has a client base that’s split between individuals, high-net-worth individuals, pooled investment vehicles and charitable organizations. In addition, Matter Family Office has one of the highest account minimums on this list at $5 million. The firm may accept clients beneath this mark, provided they adhere to a minimum annual fee of $50,000.
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). Keep in mind that the firm has a minimum annual fee of $50,000.
Matter Family Office Background
Matter Family Office was created in 1990. Headquartered in St. Louis, the firm is wholly owned by Matter Holding Company, Inc., which in turn is 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.
Frontier Wealth Management
Frontier Wealth Management has billions in assets under management (AUM), and it serves more than 2,000 individual clients. Individuals, high-net-worth individuals, pooled investment vehicles, pension plans, charitable organizations and corporations make up the firm’s client base.
While the firm itself has no minimum account size, many of the funds it recommends require a minimum investment of $25,000. This means that clients with smaller accounts may find it difficult to adequately diversify.
Among the firm’s advisors are certified financial planners (CFPs), chartered financial consultants (ChFCs) and more.
Frontier Wealth Management Background
Frontier Wealth Management was founded in 2007, making it one of the youngest firms on this list. Headquartered in Kansas City, the firm also has offices in Wichita, Kansas; Albany, Georgia; St. Louis, Missouri; Lone Tree, Colorado; Glendale, Colorado; and Omaha, Nebraska.
Frontier specializes in both investment management and financial planning.
Frontier Wealth Management Investment Philosophy
Frontier Wealth Management strongly believes that a proper asset allocation means much more than simple diversification. In the firm’s eyes, a portfolio that’s diversified but isn’t tailored to the specific investing goals of the client is a portfolio that isn’t achieving its potential. The firm applies an understanding of its clients’ financial situations, as well as the tenets of modern portfolio theory (MPT), to construct investment portfolios that both mitigate against unnecessary risk and align with their personal objectives and needs.
Frontier generally invests with a long-term view, intending to hold on to investments for a year or longer. This isn’t always the case, though, particularly if it doesn’t fit with the needs of the client or if a portfolio needs rebalancing.
BKD Wealth Advisors
BKD Wealth Advisors employs many financial advisors. This team serves thousands of clients and manages billions in assets. Founded in 1998, the firm works with individuals, high-net-worth individuals, pension plans, charitable organizations and corporations. BKD doesn’t have a minimum account size, but it does generally charge a minimum annual fee of $7,500, which could make its services cost prohibitive for some clients.
BKD is a fee-only firm, which means all of its compensation comes from client-paid fees. Many of its advisors have professional certifications, like certified financial planner (CFP), certified public accountant (CPA) and chartered financial analyst (CFA).
BKD Wealth Advisors Background
BKD Wealth Advisors was established in 1998. The firm is owned by BKD, LLP, a nationwide CPA and advisory firm. The firm offers wealth management, investment consulting, financial planning and retirement plan consulting.
The firm has dozens of advisors in total, working out of 40 different offices in 18 states. The firm has locations in Branson, Joplin, St. Louis and Kansas City, and its headquarters are in Springfield.
BKD Wealth Advisors Investment Philosophy
BKD Wealth Advisors usually invests in mutual funds, exchange-traded funds (ETFs), individual stocks, bonds and alternative investments. Often the firm concludes that a portfolio primarily, or even exclusively, made of mutual funds is the most appropriate choice for many clients’ situations.
The firm prioritizes global diversification when investing client assets, as it believes this is crucial for mitigating against risk in the long term. Additionally, the firm makes sure to keep each client’s tax considerations top of mind when making investment decisions.
Tower Wealth Managers
Tower Wealth Managers has been an investment advisor in Missouri since 2007, making it one of the youngest firms on this list. Its client base includes individuals, charitable organizations, insurance companies and affiliated trust companies.
Tower Wealth Managers primarily provides financial planning and fee-only portfolio management to its clients. Additionally, the firm acts as a sub-advisor for the clients of Country Club Trust Company. Rather than use a minimum investment, the firm typically calls for a minimum annual fee of $3,000. However, the firm may waive this minimum at its discretion.
Tower Wealth Managers Background
Tower Wealth Managers was formed in 2007. Its headquarters are located in Kansas City, and it’s principally owned by Country Club Trust Company, NA, which is itself owned by Country Club Bank. Among the firm’s advisors, there are certified financial planners (CFPs) and chartered financial analysts (CFAs).
Tower charges its investment management fees as a percentage of your AUM. These can range from 0.35% to 1%, depending on the value of your portfolio. Financial planning services are usually provided to portfolio management clients at no additional charge. For stand-alone financial planning, the firm will negotiate a fee that varies from client to client.
Tower Wealth Managers Investment Strategy
Tower Wealth Managers tailors its investment strategy for each client depending on their goals, risk tolerance, cash flow needs and time horizon. Asset classes within its portfolios usually include equities, fixed-income securities, alternative investments and cash.
The firm generally recommends that clients invest in individual equities, bonds, mutual funds, exchange-traded funds (ETFs) and other investment products. While the firm normally invests with the intent to hold the investments for a year or longer, it may conduct short-term transactions for tax purposes or to suit specific client needs.
HM Capital Management
HM Capital Management has been an investment advisor in Missouri since 2005. Its clients are a mix of individuals, high-net-worth individuals, pooled investment vehicles, pension plans, charitable organizations, insurance companies and corporations. This is a fee-only firm.
The firm employs multiple advisors who hold certifications. These include certified financial planner (CFP), certified private wealth advisor (CPWA), personal finanical specialist (PFS), qualified 401(k) plan administrator (QKA) and certified public accountant (CPA).
HM Capital Management Background
HM Capital Management was formed in 2005 and keeps its headquarters in Clayton. It’s principally owned by the MEK Family Trust, Karen Gloriod, Maribeth Snodgrass and Benjamin Westerman. HM provides portfolio management and financial planning to its clients, as well as consulting for families and retirement plans.
HM Capital Management Investment Philosophy
HM Capital Management’s investment approach is centered around comprehensive planning and strategic asset allocation. The firm starts each relationship by sitting down with the client and establishing what their financial goals, risk tolerance and preferences are. From there, advisors will determine the most appropriate mix of investments.
Securities used in HM’s portfolios may include equities, securities issued by foreign issuers, warrants to purchase securities, corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, mutual funds, securities issued by the U.S. government and exchange-traded funds (ETFs).
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.