Koesten Hirschmann & Crabtree, Inc. (Overland Park)

Name: Koesten Hirschmann & Crabtree, Inc.
Address: 10000 College Blvd., Suite 260, Overland Park, KS, 66210
Telephone: 913-345-1881

Koesten Hirschmann & Crabtree, Inc. is a large advisory firm based in Overland Park. It manages $345.04 million of regulatory assets for 1,113 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Florida, Kansas, and 3 other states.

Koesten Hirschmann & Crabtree provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Koesten Hirschmann & Crabtree: assets under management

The assets under management (AUM) of Koesten Hirschmann & Crabtree, Inc. is $345.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 87% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $345.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $310.01 thousand each.

Koesten Hirschmann & Crabtree has custody of $134.15 million in cash and securities for 182 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is state and local bonds, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Koesten Hirschmann & Crabtree, Inc. 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 Koesten Hirschmann & Crabtree serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Koesten Hirschmann & Crabtree is high net worth individuals with 108 clients and $273.16 million of assets under management. Among the 8 most similar advisory firms, Koesten Hirschmann & Crabtree has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $345.04 million for 270 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.

Koesten Hirschmann & Crabtree doesn't advise any private funds.

Careers at Koesten Hirschmann & Crabtree, Inc.

The company employs 13 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 7 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.

Matthew David Starkey joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stewart Solomon Koesten	Chief executive officer/chief compliance officer	1 Dec 1996	75% - 100%	815552
Matthew David Starkey	Shareholder	1 Jun 2002	25% - 50%	3006500

Based in Overland Park

The principal office where Koesten Hirschmann & Crabtree, Inc. performs its advisory services is located at 10000 College Blvd., Suite 260, Overland Park, KS 66210, which is also the mailing address of the firm. An additional office of the firm is in Manhattan, KS. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-345-1881 or by fax 913-345-1810. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at makinglifecount.com and its LinkedIn profile.