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 in your area.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Prism Financial Group, LLC Find an Advisor||$801,823,218||$500,000|| || |
|2||Triune Financial Partners, LLC Find an Advisor||$698,564,792||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||Stepp & Rothwell, Inc. Find an Advisor||$ 692,900,323||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Boyer & Corporon Wealth Management, LLC Find an Advisor||$ 537,391,026||$1,000,000|| || |
|5||Keen Wealth Advisors Find an Advisor||$ 497,364,138||No set account minimum|| || |
Minimum AssetsNo set account minimum
|6||LexAurum Advisors, LLC Find an Advisor||$ 420,747,474||No set minimum|| || |
Minimum AssetsNo set minimum
|7||Waterfront Wealth Inc. Find an Advisor||$ 420,000,000||No set minimum|| || |
Minimum AssetsNo set minimum
|8||Financial Partners Group, Inc. Find an Advisor||$ 410,615,395||$250,000|| || |
|9||Aspyre Wealth Partners Find an Advisor||$ 395,080,249||No set minimum|| || |
Minimum AssetsNo set minimum
|10||Steffes Financial, Ltd Find an Advisor||$ 393,434,960||$500,000|| || |
How We Found the Top Financial Advisor Firms in Overland Park, Kansas
To create this list, SmartAsset considered only financial advisor firms located in Overland Park, Kansas, and registered with the U.S. Securities and Exchange Commission (SEC). SEC-registered firms are bound by a fiduciary duty, which means they must act in clients’ best interests. We then eliminated any firms that do not manage individual accounts, do not offer financial planning services or had disciplinary issues on record with the SEC. The firms that made the cut are listed here, in order from the most assets under management (AUM) to the least. All information is accurate as of the writing of this article.
Prism Financial Group, LLC
The largest based on assets under management (AUM), Prism Financial Group, LLC employs only four advisors. All are certified financial planners (CFPs). Among them, there are also one certified fund specialist (CFS), one chartered retirement planning counselor (CRPC), one 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, pension and profit-sharing plans, charitable organizations and businesses.
Two members of Prism’s advisory team sell insurance products for commissions. They are also CFPs, though, which means they are held to high standards and must put client best interests before their own.
Prism Financial Group is also on SmartAsset’s list of the top financial advisor firms in Kansas.
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, and 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 Investing Strategy
To align your investment portfolio with your goals, Prism’s advisors will use your personal investor characteristics to build it. 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.
Over time, your asset allocation may deviate from the original plan, but Prism will monitor and rebalance your portfolio as it sees fit.
Triune Financial Partners, LLC
Triune Financial Partners, LLC has 830 clients, and 91% of them are 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 six certified kingdom advisors (CKAs), six certified financial planners (CFPs), two MBAs, two chartered life underwriters (CLUs), two chartered financial consultants (ChFCs), and one 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. They each continue to own part of the firm to this day.
Investment supervisory and financial planning services are at the core of what Triune does. Here’s a breakdown of some specific services they offer:
- Investment management
- Retirement planning
- Estate planning
- Tax management and planning
- Education cost planning
- Retirement plan consulting
Triune Financial Partners Investing Strategy
As soon as you join forces with Triune, your advisor will walk you through creating an adequate 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.
Stepp & Rothwell, Inc.
Stepp & Rothwell, Inc. is a fee-only firm with a nine-person advisory staff. It consists of five certified financial planners (CFPs), one certified public accountant (CPA) and one chartered financial analyst (CFA). (Advisors may have more than one credential.)
While there is no minimum investment required to become a client of Stepp & Rothwell, most of its client base is high-net-worth individuals. The firm also works with 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 Investing Strategy
For the most part, Stepp & Rothwell’s investment portfolios use long-term security purchases. That is, your advisor will buy investments with the intent to hold onto them for a while - one year or more.
If your liquidity needs are especially high, though, your advisor may opt for some short-term security purchases. These are also used to try and take advantage of quick market gains, though not everyone will have the risk tolerance to stomach this level of volatility.
Boyer & Corporon Wealth Management, LLC
Boyer & Corporon Wealth Management is a fee-only financial advisor firm. While clients are roughly evenly split between high-net-worth and non-high-net-worth individuals, you will need at least $1 million in investable assets to become a client.
With eight advisors on staff, employee-owned Boyer & Corporon is by no means a small firm. The team includes five certified financial planners (CFPs) and three chartered financial analysts (CFAs).
Boyer & Corporon Wealth Management Background
CEO and Chief Investment Officer (CIO) Richard Boyer and partner Mindy Corporon co-founded Boyer & Corporon in 2007. Managing partners Laura Carley, Eric Clark and Brian Hackleman and partners Cindy Wysong and Cory Bloodgood have minority stakes.
Financial planning services at Boyer & Corporon cover six main areas:
- Retirement planning
- Estate planning
- Tax planning
- Education planning
- Insurance planning
- Philanthropic gift planning
Boyer & Corporon Wealth Management Investing Strategy
If Boyer & Corporon builds you an investment portfolio, chances are it will have a long-term angle to it. The firm also believes in creating advanced asset allocations that are heavily diversified. Although it tends to stick to these principles, every portfolio is customized based on the specifics of the client's situation.
When implementing allocations, the firm may use equities, bonds, U.S. government securities, commodities, option contracts, warrants, futures contracts and more.
Keen Wealth Advisors
The 14-member team at Keen Wealth Advisors includes advisors who are also brokers and one who is an insurance agent. 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.
Keen Wealth Advisors Background
Principal owner and CEO William Trell Keen founded his namesake practice in 2014. He is a chartered retirement planning counselor (CRPC) as are five other advisors at the firm. The team also has three certified financial planners (CFPs).
At Keen Wealth, you can receive investment management, financial planning or consulting.
Keen Wealth Advisors Investing Strategy
Because Keen 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.
LexAurum Advisors, LLC
LexAurum Advisors, LLC is a network of practices that do business under different names and across the country, including in Ohio, Maryland and Iowa. Headquarters, though, are in Overland Park, where there are seven employees.
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.
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) and is a chartered financial analyst (CFA). Chief Compliance Officer and VP Jon Stanfield has a small stake.
The team at LexAurum, which is Latin for Golden Rule, includes another CFA and a licensed broker and insurance agent.
LexAurum Advisors Investing 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 eight model portfolios ranging from capital preservation to aggressive. These accounts are primarily in low-cost exchange-traded funds (ETFs), plus 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.
Waterfront Wealth Inc.
Waterfront Wealth Inc. also goes by Waterfront Asset Management, Waterfront Wealth Advisors and Waterfront Wealth Management. It offers discretionary and non-discretionary asset management and financial planning services mostly to individuals who do not have a high net worth. It does not have a minimum account size, though it recommends $250,000 as a starting point.
In addition to individuals, the practice serves families, trusts, estates, foundations, charitable organizations and pension plans. The firm also offers retirement plan services to businesses.
Waterfront Wealth Background
In 2012, Roger Ratzlaff, Jr. and a group of fellow colleagues at Wells Fargo Advisors started the firm. Ratzcliff, who is principal owner and managing director, remains a broker registered with Wells Fargo, and Waterfront is a registred branch office with the broker-dealer's financial advisor network. Of course, the firm is also registered with the SEC as an investment advisor.
The team at Waterfront includes two certfied financial planners (CFPs), one certfied public accountant (CPA) and one chartered financial analyst (CFA). (One advisor has three of these credentials.)
Waterfront Wealth Investing Strategy
Waterfront Wealth tailors investment solutions to individual client situations. Generally, it may use these strategies that it has developed:
- Active Fund Strategies - these include eight different strategies that invest in low-cost shares of mutual fund managers that have outperformed their peers over time.
- Exchange-Traded Fund (ETF) Strategies - these include five different strategies that invest in several very low-cost passive ETFs and active ETFs.
- Dimensional Fund Strategies - these are designed to be very low cost and seek to outperform by using tactical asset allocation.
- Individual Security Strategies - these provide a differentiated investment approach.
- Custom Strategies - these are custom solutions that may include hedging techniques.
When evaluating investments, the firm may use fundamental and technical methods of analysis.
Financial Partners Group, Inc.
Though Financial Partners Group, Inc. is in the lower half of this list, its number of advisors is on the high end: 10. The team includes two chartered financial consultants (ChFCs), one certfied financial planner (CFP), one certified fund specialist (CFS), one chartered mutual fund counselor (CMFC), once chartered life underwriter (CLU) and one certificate for long-term care (CLTC). There are also two JDs and one MBA on staff. (Advisors may have more than one credential or degree.)
Some advisors are also insurance agents and/or brokers. These additional roles can be confusing, as they have different standards. By law, advisors at SEC-registered investment advisor firms must recommend what's in their clients' interests, while insurance agents and brokers only need to recommend what's suitable. When your advisor wears more than one hat, make sure you know the basis for their recommendation and if and how they may benefit from it.
Financial Partners Group Background
Financial Partners Group has been in business since 2004, though it registered with the SEC more recently in 2017. James Claiborne, the firm's president, is also its founder and majority owner. TJ McDermott, chief investment officer, and Matt Queen, chief compliance officer, are also shareholders.
The firm provides discretionary and non-discretionary investment management and investment supervisory services, estate and taxation planning services, financial planning, employer-sponsored retirement plan consulting and other consulting services.
Financial Partners Group Investing Strategy
The advisory designs portfolios based on each client's situation. Generally, it will implement asset allocations using mutual funds, exchange-traded funds (ETFs), and individual bonds and stocks. Also, it may recommend a third-party asset manager or manage investments in sub-accounts within an annuity contract.
Financial Partners does not believe in trying to time the market, but it does believe that there are times when market conditions require a more defensive strategy. In these times, it will make adjustments to reduce risk.
Aspyre Wealth Partners
Aspyre Wealth Partners was founded in 1996 as Koesten Hirschmann and Crabtree, which is still its legal business name. Like Financial Partners Group, the number of Aspyre's advisors is relatively high at 11. They offer 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.
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 and $3,000 for stand-alone investment management. As a result, these fees may not make sense for people with investments lower than $1,000,000.
Aspyre Wealth Partners Background
Of its original founders, only Stewart Koesten remains at the firm. He is the majority owner and CEO, while President Matthew Starkey has a small stake. Both are certified financial planners (CFPs) as are four other advisors. The team also has one MBA, one certified financial transitionist (CeFT) and one registered financial consultant (RFC).
Aspyre's individual clients are almost evenly split between people who do and don't have high net worths. The firm also serves pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities.
Aspyre Wealth Partners Investing 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 condtions. Modern Portfolio Theory informs its decisions and recommendations.
As a result, your assets will be diversified globally using mutual funds and you should ideally be investing for the long term.
Steffes Financial, Ltd
Last but not least, Steffes Financial, Ltd. serves slightly more individuals who do not have a high net worth than those who do (102 to 76). That said, its pension consulting accounts make up nearly half of the assets under the firm's management.
Steffes Financial is a small shop with two advisors. Because they are also brokers and insurance agents, the firm is fee-based, which means that advisors collect sales commissions from vendors as well as fees from clients. This arrangement can present potential conflicts of interest, but as an SEC-registered investment advisor, the firm must put clients' interests before its own.
Steffes Financial Background
Founder Gerald Steffes is the president and sole owner of the firm. He is a certified public accountant (CPA), personal financial specialist (PFS) and certified financial planner. The other advisor on board, Chris Stakely, also is a CFP, plus an MBA and an accredited investment fiduciary (AIF).
To individual clients, the firm provides discretionary investment management, qualified retirement account and tax-deferred annuity investment consulting and financial planning. The minimum account requirement is $500,000 for investment management and $1 million for qualified plan consulting. The firm, though, may waive these minimums at its discretion.
Steffes Financial Investing Strategy
The firm primarily utilizes a propriety strategy that it developed in 2014, which it calls, Financial Defensive Condition (FIN-DEFCON) Strategy. It attempts to "identify economic trends that have historically preceded past U.S. economic recessions and changes the target tactical equity asset allocation as the strategy progresses up or down through five graduated levels of defensive readiness," Steffes Financial states. Using its software, it says it has identified the optimum buy and sell signals, based on the moving average cross-over day combinations since January 1, 1950.
When evaluating investments, the firm applies charting, fundamental and technical analyses. It also uses tactical asset allocation and strategic asset allocation. That said, 97% of assets under its management in separately managed accounts were invested in securities issued by registered investment companies (such as mutual funds) or business development companies.