Change Path LLC is a large advisory firm based in Leawood. It manages $443.75 million of regulatory assets for 5,803 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alaska, Arizona, Arkansas, and 39 other states.
Change Path provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, educational seminars and workshops, and sub adviser services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Change Path LLC is $443.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4437402% 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 Change Path LLC for their services and products based on a percentage of assets under management and hourly charges. 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, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Change Path is individuals with 2,986 clients and $326.97 million of assets under management. Among the 10 most similar advisory firms, Change Path has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $442.62 million for 3,134 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.
Change Path doesn't advise any private funds.
The company employs 70 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 66 employees are registered as investment adviser representatives with the state securities authorities.
There are 10 people 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 receive compensation from other entities for client referrals.
Change Path LLC is owned by Michael H Miller. Cory Lynn Lagerstrom joined the executive team most recently as the Managing Director, Strategic Business Development.
The principal office where Change Path LLC performs its advisory services is located at 11460 Tomahawk Creek Pkwy, Leawood, KS 66211, which is also the mailing address of the firm. An additional office of the firm is in Peoria, AZ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (888) 798-2360. The normal business hours are office visits by appointment only on Other. You can find more information about the New York firm at changepath.net.