Finding a Top Financial Advisor Firm in Overland Park, Kansas
Overland Park is home to many financial advisory firms, so it can be a challenge to figure out which is best suited for you. To help out, SmartAsset created this list of the top financial advisors firms in the city. We looked at their services, investment strategies and more. If you’re still unsure of what firm to go with, SmartAsset’s financial advisor matching tool can help. Just answer some questions about your finances and goals, and the tool will pair you with as many as three financial advisors who serve your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||FCI Advisors Find an Advisor||$14,471,827,462||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|2||Sunesis Advisors, LLC Find an Advisor||$934,331,737||$5,000,000|| || |
|3||Meritage Portfolio Management, Inc. Find an Advisor||$2,268,157,551||$2,000,000|| || |
|4||Prism Financial Group, LLC Find an Advisor||$1,252,841,878||$500,000|| || |
|5||Stepp & Rothwell, Inc. Find an Advisor||$978,891,479||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||Triune Financial Partners, LLC Find an Advisor||$1,033,158,432||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||LexAurum Advisors, LLC Find an Advisor||$675,873,718||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||Financial Partners Group, Inc. Find an Advisor||$716,595,144||$250,000|| || |
|9||Keen Wealth Advisors Find an Advisor||$780,517,070||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||Aspyre Wealth Partners Find an Advisor||$516,970,077||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Overland Park, 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 accurate as of the writing of this article. 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.
FCI Advisors not only leads off our list of the top financial advisor firms in Overland Park, it's also ranked as the No. 1 firm in the entire state. This massive advisory firm works with a wide variety of clients. Most clients are individuals, a majority of whom do not have a high net worth. It works with a ton of different institutional clients as well, including banks, investment companies, pooled investment vehicles, pension plans, charities, government entities, other investment advisors, insurance companies and businesses.
FCI Advisors has varying account minimums, depending on the type of account you wish to open. These minimums range from $100,000 to $250,000. The firm is fee-only, so advisors won't earn commissions from selling financial products to clients.
FCI Advisors has a large team that includes a number of financial certifications, including advisors who hold the following designations:
- Certified financial planner (CFP)
- Chartered financial analyst (CFA)
- Chartered alternative investment analyst (CAIA)
- Investment advisor compliance professional (IACCP)
FCI Advisors Background
FCI Advisors was founded in 1966, so it's easily the oldest firm on our Overland Park list. The firm has been in business since that year, and it became an SEC-registered investment advisors in 1995. The firm also has offices in Kansas City, Missouri; Clayton, Missouri; Greenwood Village, Colorado; Shelton, Connecticut; Reston, Virginia; and Vancouver, Washington. The firm is owned by FCI Holding Corporation which, in turn, is owned by MTC Holding Corporation.
The firm offers asset management, wealth planning, fiduciary services for retirement plans, wrap fee programs and more.
FCI Advisors Investment Strategy
FCI Advisors has a number of different accounts and investment strategies that it uses to drive growth in client portfolios. However, a constant theme is the fact that the firm and its advisors look to tailor its investment strategies to the needs of their clients. Advisors work with clients to determine their objectives and then decide how to invest from there.
Advisors may use a wide range of securities to populate client portfolios. Portfolios may include equities, fixed income securities, small-, medium- and large-cap companies, both domestic and international securities, real estate investment trusts, among others.Clients are premitted to impose reasonable restrictions on how their assets are managed.
Sunesis Advisors, LLC
Sunesis Advisors, the No. 2 firm in Overland Park, is a fee-only practice with a small team of advisors. What makes this firm especially unique is its individual client base. The firm has a limited number of individual clients, all of them high-net-worth individuals. The firm’s high minimum investment of $5 million in investable assets reflects its focus on wealthy clients. Aside from its small group of individual clients, the firm can also handle the financial needs of trusts, estates, charities and family businesses.
As a fee-only firm, advisors at Sunesis do not sell insurance or financial products for commissions. The firm's revenue comes solely from client-paid fees for services.
Sunesis Advisors Background
Founder Chad Battison formed Sunesis Advisors in 2011, but his financial industry experience extends far beyond that. He has been in the field since 1994, giving him a total of more than 25 years of experience.
The firm takes a holistic approach in attending to its clients’ personal, familial and business needs. The firm focuses on retirement planning, estate planning, tax planning and mitigation, asset protection, business succession planning and insurance coverage review.
Sunesis Advisors Investment Strategy
There are two basic approaches that Sunesis Advisors will take to build a client’s portfolio. Either Sunesis will use third-party investment managers to flesh out and diversify a client’s account, or it will utilize mutual funds, ETFs and co-mingled funds to accomplish the same task.
While investing client assets in mutual funds and ETFs is fairly typical, the use of outside managers is not quite as common. The firm claims that working in this way will maximize your net worth and current cash flow, while keeping your investments diversified, instead of trying to fit your needs into the firm’s preferred investment methods.
Meritage Portfolio Management, Inc.
Meritage Portfolio Management is another fee-only firm that employs a small team of financial advisors. There’s no shortage of advisor certifications at Meritage, as the firm employs chartered financial analysts (CFAs), certified financial planners (CFPs), certified public accountants (CPAs) and chartered investment counselors (CICs).
It takes a significant investment to work with Meritage, as its account minimum stands at $2 million. As you might imagine, most of the firm’s clientele is made up of high-net-worth individuals. Meritage also maintains client relationships with some non-high-net-worth individuals, as well as charitable organizations, retirement plans, businesses, government entities and more.
Meritage Portfolio Management Background
Meritage Portfolio Management has been in business since 1991 and is employee-owned. Its two primary owners are Mark E. Eveans and James M. Klein, who both serve as senior portfolio managers for the firm. Together, they have more than 70 years of experience in the financial services industry. Two other associates, Leonard C. Mitchell and Sharon L. Divine, own minority interests in the firm.
Most of the services that Meritage offers are based around investment management and planning. Rather than install a cookie-cutter approach, the firm looks to figure out your personal needs and create a investment portfolio aligned with them.
Meritage Portfolio Management Investment Strategy
In an effort to meet the needs of all of its clients, Meritage provides six pre-built equity-based investing strategies. These range from the least risky “Value” strategy to more risky growth-oriented options. Which strategy your advisor feels will best meet your needs is dependent upon your risk tolerance, time horizon and what your long- and short-term financial goals specifically are.
Prism Financial Group, LLC
Fee-based Prism Financial Group is next on our list. It has multiple certified financial planners (CFPs) on staff. It also employs such certifications as certified fund specialist (CFS), chartered retirement planning counselor (CRPC), certified private wealth advisor (CPWA) and certified public accountant/personal financial specialist (CPA/PFS).
To become a client of this firm, you must have $500,000 in investable assets. Prism traditionally works with individuals, high-net-worth individuals, retirement plans, charitable organizations and businesses.
Some members of Prism’s advisory team sell insurance products for commissions. While this can create a conflict of interest, they are held to high standards and must put client best interests before their own.
Prism Financial Group Background
Prism Financial Group was established in 1999. It is now under the principal ownership of Tim Shmidl, the firm’s lead wealth advisor, as well as MH Capital, LLC, a Los Angeles-based private equity firm. Shmidl has worked in the financial services industry since the 1980s.
Investment management, financial planning and qualified retirement plan consulting are Prism's three areas of advisory expertise. While its investment management and consulting services are comprehensive, the firm’s financial planning is based around the specific needs of the client.
Prism Financial Group Investment Strategy
To align your investment portfolio with your goals, Prism’s advisors will use your personal investor characteristics to put together a collection of investments. That involves determining your risk tolerance, time horizon, liquidity needs, investment objectives and more. Once this is done, your advisor will create an asset allocation plan and implement it once you sign off on it.
The firm uses model portfolios that may include stocks, bonds, exchange-traded funds, mutual funds and money market funds. These models range from ultra conservative portfolios for risk-averse investors to ultra aggressive all-equity portfolios for investors willing to take an extremely aggressive approach.
Stepp & Rothwell, Inc.
Stepp & Rothwell is a fee-only firm with advisors who hold the certified financial planner (CFP), certified public accountant (CPA) and chartered financial analyst (CFA) designations.
While there is no minimum investment required to become a client of Stepp & Rothwell, most of its client base is composed of high-net-worth individuals. The firm also works with non-high-net-worth individuals, businesses, charitable organizations, trusts and estates.
Stepp & Rothwell Background
Stepp & Rothwell was first established in 1992 by co-founders Kathy Stepp and Howard Rothwell. They have spent more than 30 years, on average, working as financial planners and advisors. Aside from Stepp and Rothwell, the firm is owned by managing partner Ken Eaton and partner Amy Guerich.
If you work with Stepp & Rothwell, you can receive either combined financial planning and investment management services or stand-alone financial planning or asset management. These services encompass retirement planning, estate planning, tax planning, cash flow planning, investment planning and more.
Stepp & Rothwell Investment Strategy
Stepp & Rothwell’s investment portfolios use both short- and long-term security purchases. That is, your advisor will buy investments with the intent to hold onto them either for less than a year or more than a year.
Advisors may also rely on short selling, the use of margin and/or options transactions. The firm primarily invests client assets in mutual funds and fixed income securities.
Triune Financial Partners, LLC
Triune Financial Partners has a large client base, mostly composed of either individuals or high-net-worth individuals. The firm also works with pension and profit-sharing plans and charitable organizations. There is no minimum investment to open an account with this firm.
The team includes advisory certifications such as certified kingdom advisor (CKA), certified financial planner (CFP), MBA, chartered life underwriter (CLU), chartered financial consultant (ChFC) and chartered financial analyst (CFA). (Advisors may have multiple credentials).
As a fee-based firm, some of Triune’s advisors can earn commissions from the sale of insurance products to clients. Although this presents a potential conflict of interest, the firm is bound by law to act in clients’ best interests.
Triune Financial Partners Background
Managing partner Jim Mullinix and partner Jeff Jaworski co-founded Triune Financial Partners in 2010. The duo shares almost 70 years of combined experience in the financial services industry. Jaworski is the current owner of the firm.
Investment supervisory and financial planning services are at the core of what Triune does. More specifically, the firm offers help with budgeting, investment management, retirement planning, estate planning, tax management and planning, education and college planning, as well as retirement plan consulting.
Triune Financial Partners Investment Strategy
As soon as you join forces with Triune, your advisor will walk you through creating an appropriate investor profile. This means figuring out your personal risk tolerance, time horizon, liquidity needs and investment goals. If you have any investment restrictions, you can make them known during this time.
Every client’s portfolio will be made up of different securities. At Triune, this will probably be some combination of exchange-listed securities, mutual funds, municipal bonds, CDs, corporate bonds, options contracts, interest in partnerships investing in real estate, annuities and more.
LexAurum Advisors, LLC
LexAurum Advisors is a network of practices that do business under different names across the country, though the firm also manages some client accounts in-house. Its headquarters, though, are in Overland Park.
The firm offers investment advisory and management services, financial planning and retirement plan services (to businesses). There is no account minimum and individuals who do not have a high net worth make up the bulk of the client base. As a fee-based firm, advisors can receive commissions. However, as a fiduciary, the firm is legally obligated to act in the best interests of clients.
The firm has employees who hold the chartered financial analyst (CFA) and certified public accountant (CPA) designations.
LexAurum Advisors Background
Peter Hughes founded the firm in 2016, after putting in more than a decade at other investment management firms. As majority owner, he serves as chief investment officer (CIO). Chief compliance officer (CCO) and VP Jon Stanfield has a small stake. LexAurum is Latin for Golden Rule.
LexAurum Advisors Investment Strategy
Clients can choose to have their assets managed by Hughes, their advisor (under Hughes' supervision) or third-party managers. Accounts under Hughes' management are in the Golden Rule Program, which features model portfolios with strategies that range from capital preservation to aggressive. These accounts primarily hold low-cost exchange-traded funds, as well as mutual funds, closed-end funds or other investment vehicles in certain situations.
Accounts managed by other advisors generally adhere to the principles of diversification in accordance with modern portfolio theory. In evaluating securities, advisors use fundamental methods of analysis, market trend analysis and economic cycle analysis. They primarily invest in mutual funds, ETFs, stocks and bonds, but may use other investment vehicles.
Financial Partners Group, Inc.
Financial Partners Group is a fee-based firm that serves individuals, high-net-worth individuals, charitable organizatoins, retirement plans and other business entities. Despite a $250,000 mininum investment, the firm serves far more individual clients who do not have a high net worth than those who do.
As a fee-based practice some advisors may earn commissions on the sale of insurance or securities, which may lead to a conflict of interest since they have a financial incentive to recommend certain products over others. However, the firm's fiduciary duty requires it to always act in your best interests.
Several members of the Financial Partners Group hold financial certifications, including the chartered financial consultant (ChFC) designation, as well as the certified financial planner (CFP), chartered life underwriter (CLU) and certified fund specialist (CFS) credentials.
Financial Partners Group Background
Founded in 2004 by James Claiborne, Financial Partners Group became a registered investment advisor with the SEC in 2017. Claiborne remains the principal owner of the business, while Timothy McDermott and Matthew Queen own minority stakes.
The firm specializes in investment and wealth management services, as well as estate and taxation planning, financial planning, retirement plan consulting, and help finding third-party money managers.
Financial Partners Group Investment Strategy
While Financial Partners Group tailors its investment strategies to the needs of its clients, the firm's primary aim is to prvide a disciplined application of capital management so clients can reach their long-term goals. The firm does not seek to time the market, but it does acknowledge there are times for growth and times for asset protection.
The firm relies on a variety of analytical methods to select and management investments, including fundamental and technical analysis, charting, cyclical analysis and other methods. Using an asset allocation strategy, Financial Partners Group primarily invests in mutual funds, exchange-traded funds, cash, individual bonds and equities.
Keen Wealth Advisors
The team at Keen Wealth Advisors includes advisors who are also brokers or insurance agents. In these sales roles, they receive commissions from third-party vendors, which can present a potential conflict of interest. That said, as an SEC-registered investment firm, Keen Wealth is legally required to make sure that its representatives always put their clients' interests before their own.
The firm customarily advises individuals, high-net-worth individuals, pension and profit-sharing plans, charitable organizations, businesses, trusts and estates. There is no minimum investment requirement.
The team at Keen Wealth Advisors features chartered retirement planning counselors (CRPCs), certified financial planners (CFPs) and one certified public accountant (CPA).
Keen Wealth Advisors Background
Principal owner and CEO William Trell Keen founded his namesake practice in 2014. Keen, who holds the CRPC designation, is the author of "Keen on Retirement – Engineering the Second Half of Your Life."
At Keen Wealth, you can receive investment management, financial planning or consulting services.
Keen Wealth Advisors Investment Strategy
Because Keen Wealth Advisors adheres to a customizable investment philosophy, the firm doesn’t have a specific strategy that it uses for all of its accounts. Depending on your personal needs and goals, the firm may use long-term securities purchases, short-term securities purchases, trading techniques or all three.
If retirement is 30 years down the road, your portfolio may be heavily invested in individual stocks. For those with shorter-term goals, portfolios will likely stick to safer investments like exchange-traded funds, mutual funds and bonds.
Aspyre Wealth Partners
The 10th and finanal firm on our Overland Park list is Aspyre Wealth Partners. There is no set minimum balance requirement at Aspyre, though there is a minimum annual fee of $7,000 for investment management and financial planning. For clients with less than $250,000 in investable assets, the firm charges a minimum fee of $3,000.
This is a fee-only firm, so its advisors do not sell insurance or financial products for third-party compensation. Instead, Aspyre's revenue comes only from the fees that advisory clients pay for services.
Members of the Aspyre team have the following certifications:
- Certified financial planner (CFP)
- Chartered advisor in philanthropy (CAP)
- Accredited estate planner (AEP)
- Certified investment management analyst (CIMA)
- Registered financial consultant (RFC)
Aspyre's individual clients are almost evenly split between individuals and high-net-worth individuals. The firm also serves pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities.
Aspyre Wealth Partners Background
Aspyre Wealth Partners was founded in 1996 as Koesten Hirschmann and Crabtree, which remains its legal business name. The firm offers stand-alone investment management, stand-alone financial planning and investment management along with financial planning. The fee-only firm also offers what it calls human capital services, which includes executive coaching, career coaching, career path planning, and compensation consulting.
Of its original founders, only Stewart Koesten remains at the firm. Today, the firm is owned by Matthew Starkey, Koesten, Lucas Bucl and Jessi Chadd.
Aspyre Wealth Partners Investment Strategy
Aspyre Wealth generally utilizes passively managed index funds combined with stocks and bonds and possibly active managers. It has an investment committee, which meets monthly to review presented research and discuss current economic conditions. Modern portfolio theory informs its decisions and recommendations.
As a result, your assets will be diversified globally using mutual funds. The firm generally invests for the long term.