Sound Stewardship, LLC (Overland Park)

Name: Sound Stewardship, LLC
Address: 7300 College Boulevard, Overland Park, KS, 66210
Telephone: 913-317-6000

Sound Stewardship, LLC is a large advisory firm based in Overland Park. It manages $132.57 million of regulatory assets for 744 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Iowa, Kansas, Missouri, Nebraska, and Texas.

Sound Stewardship provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sound Stewardship: assets under management

The assets under management (AUM) of Sound Stewardship, LLC is $132.57 million. The company doesn't manage any assets belonging to foreign clients.

Sound Stewardship has custody of $122.36 million in cash and securities for 135 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sound Stewardship, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Sound Stewardship serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sound Stewardship is high net worth individuals with 53 clients and $94.8 million of assets under management. Among the 8 most similar advisory firms, Sound Stewardship has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.57 million for 137 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.

Sound Stewardship doesn't advise any private funds.

Careers at Sound Stewardship, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Johnne Syverson	Member & chief compliance officer	1 Nov 2003	75% - 100%	4262528

Based in Overland Park

The principal office where Sound Stewardship, LLC performs its advisory services is located at 7300 College Boulevard, Overland Park, KS 66210, 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 913-317-6000 or by fax 913-948-6270. The normal business hours are by appointment only on Other. You can find more information about the New York firm at soundstewardship.com.