Edmonds Duncan Registered Investment Advisors, LLC (Lawrence)

Name: Edmonds Duncan Registered Investment Advisors, LLC
Address: 645 Massachusetts Street, Lawrence, KS, 66044
Telephone: (785) 856-2222

Edmonds Duncan Registered Investment Advisors, LLC is a large advisory firm based in Lawrence. It manages $269.96 million of regulatory assets for 429 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, Kansas, and 3 other states.

Edmonds Duncan Registered Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Edmonds Duncan Registered Investment Advisors: assets under management

The assets under management (AUM) of Edmonds Duncan Registered Investment Advisors, LLC is $269.96 million. The firm's AUM has grown by 68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $200.54 million in discretionary accounts and $69.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $708.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $475.49 thousand.

Edmonds Duncan Registered Investment Advisors has custody of $7.72 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is state and local bonds, which make up 13% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Edmonds Duncan Registered Investment Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edmonds Duncan Registered Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Edmonds Duncan Registered Investment Advisors is high net worth individuals with 109 clients and $186.1 million of assets under management. Among the 6 most similar advisory firms, Edmonds Duncan Registered Investment Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $256.12 million for 423 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.

Edmonds Duncan Registered Investment Advisors doesn't advise any private funds.

Careers at Edmonds Duncan Registered Investment Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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
Donald Dwayne Duncan	Member and chief compliance officer	1 Aug 2013	50% - 75%	2399677
Jason Stephen Edmonds	Member	1 Aug 2013	50% - 75%	2727408
Donald D Duncan	Chief compliance officer	1 Aug 2013	50% - 75%	2399677

Based in Lawrence

The principal office where Edmonds Duncan Registered Investment Advisors, LLC performs its advisory services is located at 645 Massachusetts Street, Lawrence, KS 66044, 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 (785) 856-2222. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at edmondsduncan.com.