Financial Advisory Service Inc is a large advisory firm based in Leawood. It manages $1.32 billion of regulatory assets for 3,684 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 12 other states.
Financial Advisory Service provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Financial Advisory Service Inc is $1.32 billion. The firm's AUM has grown by 237% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Financial Advisory Service Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Financial Advisory Service is high net worth individuals with 340 clients and $1.04 billion of assets under management. Among the 6 most similar advisory firms, Financial Advisory Service has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.32 billion for 1,035 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Financial Advisory Service doesn't advise any private funds.
The company employs 23 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Financial Advisory Service Inc performs its advisory services is located at 4747 West 135 Th Street, Leawood, KS 66224, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 913-239-2300 or by fax 913-239-2301. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at faskc.com.