Steffes Financial, Ltd (Overland Park)

Name: Steffes Financial, Ltd
Address: 8655 College Blvd, Overland Park, KS, 66210
Telephone: 913-722-1111

Steffes Financial, Ltd is a large advisory firm based in Overland Park. It manages $314.99 million of regulatory assets for 563 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Kansas, Missouri, Nebraska, and Texas.

Steffes Financial provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Steffes Financial: assets under management

The assets under management (AUM) of Steffes Financial, Ltd is $314.99 million. The firm's AUM has grown by 687% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $166.97 million in discretionary accounts and $148.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $344.98 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.87 million.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 1% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Steffes Financial, Ltd 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.

What kind of clients Gerald Clair Steffes serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Gerald Clair Steffes is pension and profit sharing plans with 40 clients and $141.9 million of assets under management. Among the 8 most similar advisory firms, Steffes Financial has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $314.99 million for 215 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.

Steffes Financial doesn't advise any private funds.

Careers at Steffes Financial, Ltd

The company employs 7 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 2 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 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
Gerald Clair Steffes	President/chief compliance officer	1 Mar 2005	75% - 100%	2021161

Based in Overland Park

The principal office where Steffes Financial, Ltd performs its advisory services is located at 8655 College Blvd, 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 913-722-1111 or by fax 913-722-1120. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at steffesfinancial.com.