Financial Advisory Service Inc (Leawood)

Name: Financial Advisory Service Inc
Address: 4747 West 135 Th Street, Leawood, KS, 66224
Telephone: 913-239-2300

Financial Advisory Service Inc is a large advisory firm based in Leawood. It manages $1.32 billion of regulatory assets for 3,684 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 12 other states.

Financial Advisory Service 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 approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Advisory Service: assets under management

The assets under management (AUM) of Financial Advisory Service Inc is $1.32 billion. The firm's AUM has grown by 237% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.29 billion in discretionary accounts and $31.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $395.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $75.42 thousand.

Financial Advisory Service has custody of $532.7 million in cash and securities for 559 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 38% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Advisory Service Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Financial Advisory Service serves?

The firm provides services to individuals, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Financial Advisory Service is high net worth individuals with 340 clients and $1.04 billion of assets under management. Among the 6 most similar advisory firms, Financial Advisory Service has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.32 billion for 1,035 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.

Financial Advisory Service doesn't advise any private funds.

Careers at Financial Advisory Service Inc

The company employs 23 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 16 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 compensates 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
Jr. Trustee Max W. Greer	Shareholder	1 Feb 1983	25% - 50%	xxx-xx-xxxx
Max Weldon Greer	President, director	1 Feb 1983	Other	727033
James Gerard Dussold	Vice president, director	1 Jan 1984	Other	1380347
Trustee James G. Dussold	Shareholder	1 Jan 1984	Other	xxx-xx-xxxx
Jr. Revocable Trust Max W. Greer	Max w. greer, jr., trustee	1 Aug 1986	Other	xxx-xx-xxxx
Jr. Max W. Revocable Trust Greer	Stockholder	1 May 1987	Other	xxx-xx-xxxx
James Gerard Dussold	Vp, treas, secy, director	1 Feb 1990	Other	1380347
Trustee James G. Dussold	Shareholder	1 Feb 1996	Other	xxx-xx-xxxx
James Gerard Dussold	Vice president, director	1 Feb 1996	Other	1380347
James G. Revocable Trust Dussold	Stockholder	1 May 1996	Other	xxx-xx-xxxx
James G. Dussold Revocable Trust	James g. dussold, trustee	1 May 1996	Other	xxx-xx-xxxx
John Alan Meier	General legal counsel	1 Mar 1997	Other	2869160
Meier Family Revocable Trust	Stockholder	1 Jan 1998	Other	xxx-xx-xxxx
Danielle Gagnon Meier	Trustee	1 Jan 1998	Other	6014023
John A. And Danielle G. Co Trustees Meier	Shareholder	1 Oct 2000	Other	xxx-xx-xxxx
Trustee Danielle G. Meier	Shareholder	1 Oct 2000	Other	xxx-xx-xxxx
Douglas George Ciocca	Shareholder	1 Feb 2003	Other	2495495
Carol D Sloan	Chief compliance officer	1 Mar 2004	Other	4832867
Jerome Wesley Mckenzie	Aml officer	1 Oct 2004	Other	1366875
Sadaro Living Trust	Scott a. and kristy r. sadaro, trustees	1 Jun 2007	Other	xxx-xx-xxxx
Jerome W. Mckenzie Revocable Trust	Jerome w. mckenzie, trustee	1 Dec 2007	Other	xxx-xx-xxxx
Trustee Jerome W. Mckenzie	Shareholder	1 Dec 2007	Other	xxx-xx-xxxx
Scott Anthony Sadaro	Chief financial officer	1 Jun 2008	Other	4766456
John T Meier	Shareholder	1 Oct 2010	Other	4245676
John T Meier	Shareholder	1 Jan 2013	Other	4245676
Barnes Family Revocable Trust	Jacob s. and anna barnes, trustees	1 Aug 2013	Other	xxx-xx-xxxx
Stanley D. And Lynn T. Trustees Biggs	Shareholder	1 Jan 2014	Other	xxx-xx-xxxx
Michael Lynn Best	Shareholder	1 Jan 2014	Other	2294919
Barnes Family Revocable Trust	Stockholder	1 Apr 2014	Other	xxx-xx-xxxx
Anna Barnes	Trustee	1 Apr 2014	Other	4722952
John Thomas Revocable Trust Meier	Stockholder	1 Nov 2015	Other	xxx-xx-xxxx
John Thomas Meier Revocable Trust	John thomas meier, trustee	1 Nov 2015	Other	xxx-xx-xxxx
Michael L And Ann Fischer Best Joint Revocable Living Trust	Michael l. best and ann fischer best, trustees	1 Dec 2015	Other	xxx-xx-xxxx
Michael L. And Ann Fischer Joint Living Trust Best	Stockholder	1 Jan 2016	Other	xxx-xx-xxxx
Ann Fischer Best	Trustee	1 Jan 2016	Other	6931727
Michael Lynn Best	Trustee	1 Jan 2016	Other	2294919
Co Trustees Michael L. And Ann Fischer Best	Shareholder	1 Jan 2016	Other	xxx-xx-xxxx
Co Trustees Jacob S. And Anna Barnes	Shareholder	1 Jan 2016	Other	xxx-xx-xxxx
Trustee J. Thomas Meier	Shareholder	1 Jan 2016	Other	xxx-xx-xxxx
Jacob S Barnes	Shareholder	1 Jan 2016	Other	6079812
Bradley Anthony Bergman	Stockholder	1 Apr 2017	Other	4356580

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Max W. Revocable Trust Greer	Stockholder	1 May 1987	Other	xxx-xx-xxxx
Max Weldon Greer	Trustee	1 May 1987	Other	727033
James Gerard Dussold	Trustee	1 May 1996	Other	1380347
Meier Family Trust	Stockholder	1 Jan 1998	Other	xxx-xx-xxxx
John Alan Meier	Trustee	1 Jan 1998	Other	2869160
Jacob S Barnes	Trustee	1 Apr 2014	Other	6079812
John T Meier	Trustee	1 Nov 2015	Other	4245676
Michael L And Ann Fischer Joint Revocable Trust Best	Stockholder	1 Jan 2016	Other	xxx-xx-xxxx
Michael Lynn Best	Trustee	1 Apr 2016	Other	2294919
Ann Fischer Best	Trustee	1 Apr 2016	Other	6931727

Based in Leawood

The principal office where Financial Advisory Service Inc performs its advisory services is located at 4747 West 135 Th Street, Leawood, KS 66224, 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 913-239-2300 or by fax 913-239-2301. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at faskc.com.