Resources Investment Advisors, LLC (Overland Park)

Name: Resources Investment Advisors, LLC
Address: 4860 College Blvd., Overland Park, KS, 66211
Telephone: 877-742-2021

Resources Investment Advisors, LLC is a large advisory firm based in Overland Park. It manages $24.83 billion of regulatory assets for 10,021 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 37 other states.

Resources Investment Advisors 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 more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Resources Investment Advisors: assets under management

The assets under management (AUM) of Resources Investment Advisors, LLC is $24.83 billion. The firm's AUM has grown by 140% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.13 billion in discretionary accounts and $21.7 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $364.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.18 million.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in non-exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Resources Investment Advisors, LLC 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.

What kind of clients Vincent Lee Morris serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Vincent Lee Morris is pension and profit sharing plans with 1,482 clients and $23.08 billion of assets under management. Among the 10 most similar advisory firms, Resources Investment Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $24.83 billion for 5,834 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.

Resources Investment Advisors doesn't advise any private funds.

Careers at Resources Investment Advisors, LLC

The company employs 200 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 155 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 don’t receive compensation from other entities for client referrals.

Vincent Lee Morris has been acting as President since 1 Feb 2014. Inc. Bukaty Morris Ria Holdings joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Joseph Bukaty	Secretary/treasurer	1 Sep 2010	Other	1615873
Oci	Owner	1 Oct 2013	75% - 100%	11-1111111
Phillip James Troyer	Chief compliance officer	1 Feb 2014	Other	5510123
Vincent Lee Morris	President	1 Feb 2014	Other	2444990
Vincent Lee Morris	Manager	1 Jul 2018	Other	2444990
Inc. Bukaty Morris Ria Holdings	Owner	1 Jul 2018	50% - 75%	48-1247830
Inc. Osl	Shareholder	1 Jul 2018	Other	47-0783620
Llc Channel Brokerage	Shareholder	1 Jul 2018	Other	04-3778808
Inc. Chepenik Management	Shareholder	1 Jul 2018	Other	26-1897739
Inc. Sha Retirement Group	Shareholder	1 Jul 2018	Other	47-5637343
Llc Teros Advisors	Shareholder	1 Jul 2018	Other	75-3255593
Rpa Nation Pr Llc	Shareholder	1 Jul 2018	Other	66-0906283
Inc. 401k Advisors Intermountain	Shareholder	1 Jul 2018	Other	45-0665726

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Joseph Bukaty	Shareholder	1 Oct 2013	50% - 75%	1615873
Vincent Lee Morris	Shareholder	1 Oct 2013	25% - 50%	2444990
Michael Joseph Bukaty	Shareholder	1 Jul 2018	25% - 50%	1615873
Douglas Eugene Oakeson	Shareholder	1 Jul 2018	50% - 75%	1636280
Joshua J Yost	Shareholder	1 Jul 2018	50% - 75%	5586542
Matthew James Gulseth	Shareholder	1 Jul 2018	50% - 75%	3061492
James Dean Mcdonald	Shareholder	1 Jul 2018	50% - 75%	1683371
Daniel Robert Stewart	General partner	1 Jul 2018	Other	4220067
David Allen Anderson	Shareholder	1 Jul 2018	50% - 75%	2233923
Barnett Ira Chepenik	Shareholder	1 Jul 2018	50% - 75%	803738
Jason Kyle Chepenik	Shareholder	1 Jul 2018	50% - 75%	2559515
Kelley Faustin Snook	Shareholder	1 Jul 2018	50% - 75%	2437169
Nathan David White	Shareholder	1 Jul 2018	75% - 100%	4271801
Javier Enrique Cordero Conde	Shareholder	1 Jul 2018	75% - 100%	3209551
Corby Norman Dall	Shareholder	1 Jul 2018	50% - 75%	2060321
Brayden Dexter Dall	Shareholder	1 Jul 2018	50% - 75%	5582011

Based in Overland Park

The principal office where Resources Investment Advisors, LLC performs its advisory services is located at 4860 College Blvd., Overland Park, KS 66211, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-742-2021 or by fax 913-948-8200. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at bukatyfs.com and its LinkedIn profile.