Known for being home to two of the Midwest’s biggest and most vibrant cities, Kansas City and St. Louis, Missouri is also the home to the nation’s largest beer producer, Anheuser-Busch. But most Kansas residents know the state has a lot more to offer than beer production.
In fact, the food processing, transportation, and aerospace technology sectors are all growing, and there are lots of ambitious entrepreneurs helping the state continue to move forward.
All of this means there are a lot of ways to find success in Missouri. However, there is only one way to keep it: make a plan.
A financial advisor will help you better understand your current fiscal state and design a strategy that will help you achieve your goals in a smart and sensible way.
Fortunately, there are many different financial advisors working in the state of Kansas. But with so many choices, it’s easy to get overwhelmed.
We’ve put together this list using our rigorous standards because we want you to find the right advisor as soon as possible so that you can get your financial life headed in the right direction.
Below you can find the firms that made the list along with a short description of each.
Buckingham Strategic Wealth
With more than $13.2 billion in assets under management, our top pick in Kansas is Buckingham Strategic Wealth. They have an office in St. Louis, as well as several others in other parts of the country, making this a great choice for those who travel frequently.
However, despite being a large firm with more than 200 advisors, this firm works with investors of all types. They provide a wide variety of services such as investment management, divorce financial planning, retirement planning, disability income planning, tax planning, and many others.
In terms of an investment strategy, Buckingham Strategic Wealth believes in Modern Portfolio Theory. This approach focuses on achieving maximum returns within a certain risk level, and it takes a long-term approach that allows the natural efficiency of the markets to work.
So, while your advisor will build your financial plan around your goals, it will likely be conservative yet efficient.
Buckingham Strategic Wealth is a fee-only firm. It’s minimum account requirements vary based on the type of account you open, so you will need to consult with them directly to find out the cost of their services.
You can also expect the following working with Buckingham Strategic Wealth.
- A large team of advisors with experience working with clients in many different and complex financial situations.
- A firm that brings transparency, simplicity, and lower costs for your retirement plan.
- A firm that goes for reliable investment choices that are generally tax-efficient and low in fees.
Prairie Capital Management, LLC
With more than $3.8 billion in assets under its management, Kansas City-based Praire Capital Management, LLC is considerably smaller than the first firm on our list but is still massive. They mostly work with high-net-worth individuals, although there are other options for those with fewer investable assets.
The advisors at Prairie Capital Management average about 20 years of experience in investment consulting and wealth management. They try to meet each client’s needs by providing customized portfolios geared towards generating attractive risk-adjusted returns.
Prairie Capital Management, LLC is a fee-only firm that has a minimum account requirement that varies based on account type.
You can expect the following working with Prairie Capital Management.
- A team of advisors with significant experience working with high-net-worth individuals who are in complex financial situations.
- Continuous monitoring of your investment plan and periodic rebalancing as deemed necessary
- Educational resources to help you better understand why your assets are being invested in one way or another.
RubinBrown Advisors, LLC
A firm that has been in business since 2002, RubinBrown Advisors, LLC has offices in both St. Louis and Kansas City. It also currently has more than $1 billion in assets under management.
They have a large team of advisors ready to handle any project no matter its complexity. Services offered include:
- Financial planning
- Estate planning
- Portfolio management
- Tax planning
- Risk management
- Insurance analysis.
They ensure to provide investment plans with lower minimums or fees by partnering with institutional programs. But in terms of a specific investment strategy, that will depend significantly on your goals. As a result, your relationship with RubinBrown will start with an in-depth conversation about your goals and financial aspirations.
RubinBrown Advisors, LLC is a fee-based firm that has no minimum account requirement to work with them.
You can expect the following working with RubinBrown Advisors.
- A dedicated Family Office designed to help you deal with the complex financial matters that can arise within a family.
- A wide range of educational resources that will help you better understand your financial life and how to manage it
- A large staff with high ethical standards when working with clients.
Visionary Wealth Advisors, LLC
Founded in 2014 and located in St. Louis, Missouri, Visionary Wealth Advisors, LLC has about $564 million in assets under its management. They provide a wide range of services such as retirement planning, investment management, estate planning, insurance assessment, college planning, and business retirement plans. And all these services are skewed towards helping low-net-worth individuals realize financial freedom.
Investments are typically made with the intention of helping you reduce your tax burden, spread out risk, and preserve your wealth over time. This firm also applies a faith-based approach to investing, which means it will help you put your money to work in support of a higher cause. So, if this is something that’s important to you, then this firm is going to be a great choice.
Visionary Wealth Advisors, LLC is a fee-based firm that has a $20,000 minimum account requirement to work with them.
You can expect the following working with Visionary Wealth Advisors.
- A firm that concentrates mainly on helping low-net-worth individuals achieve financial success.
- The use of modern portfolio theory to handle the severity of the volatile market.
- A firm that believes in the spirit of generosity by giving back to the community.
The Planned Approach, Inc
With more than $203 million in assets under its management, The Planned Approach, Inc, located in Kansas City, mostly works with high-net-worth individuals. They offer services such as retirement planning, real estate management, charitable giving planning, estate planning, tax minimization, and insurance advice.
They work closely with their clients by engaging them in long, in-depth conversations designed to ensure they have everything they need to create portfolios with great returns.
Because high-net-worth individuals have more flexibility when it comes to investing, you can expect your portfolio to be entirely unique to your needs and risk tolerance. This makes The Planned Approach a great option for anyone looking for a truly bespoke investment plan.
The Planned Approach is a fee-based firm that has a $2 million minimum account requirement to work with them, making it one of the most exclusive firms in the state.
You can expect the following working with The Planned Approach.
- A firm that goes for long-term rather than short-term investments.
- Portfolio rebalancing to ensure all their client’s plan stays in effect.
- A tri-annual follow up about the status of your portfolio to ensure you are on the right track and that your goals have not changed.
Having a great financial advisor on your side will bring peace and security to your financial life. Luckily, in Kansas, there are tons of options to choose from, but these five are the best.
However, before making your decision, we encourage you to do more research on your own. Check out our city-specific lists, and meet with a few advisors before choosing one. This is a big moment in your life, so take your time.
But when you do make a decision, we hope it brings you nothing but continued success and prosperity.