Plancorp, LLC (Saint Louis)

Name: Plancorp, LLC
Address: 540 Maryville Centre Drive, Saint Louis, MO, 63141 5829
Telephone: 636-532-7824

Plancorp, LLC is a large advisory firm based in Saint Louis. It manages $3.67 billion of regulatory assets for 6,303 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, and 21 other states.

Plancorp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Plancorp: assets under management

The assets under management (AUM) of Plancorp, LLC is $3.67 billion. The firm's AUM has grown by 135% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.5 billion in discretionary accounts and $166.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $594.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $409.12 thousand.

Plancorp has custody of $3.5 billion in cash and securities for 1,225 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 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in non-exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Plancorp, 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 Plancorp serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Plancorp is high net worth individuals with 588 clients and $2.99 billion of assets under management. Among the 8 most similar advisory firms, Plancorp has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.67 billion for 1,225 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.

Plancorp doesn't advise any private funds.

Careers at Plancorp, LLC

The company employs 65 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 24 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
Jeffrey Travis Buckner	Chairman, chief investment officer and board member	1 Jul 2010	Other	1086144
Steven Norman Frank	Vice chairman and board member	1 Jul 2010	Other	3179303
Lawrence John Legrand	Vice chairman, chief financial officer and board member	1 Jul 2010	Other	4520112
Inc. Plancorp Holdings	Llc member	1 Jul 2010	25% - 50%	43-1298626
J. Christopher Kerckhoff	President and board member	1 Jul 2010	Other	4553424
Inc. Jck Ii	Llc member	1 Jul 2010	Other	27-2855860
Creative Planning	Llc member	1 Dec 2011	Other	105348
Peter Alex Mallouk	Board member	1 Dec 2011	Other	4508063
Harry Chad Frazier	Chief compliance officer and wealth manager	1 Mar 2013	Other	4595432
Inc. Hcf	Llc member	1 Dec 2013	Other	38-3858913
Blw Invesment Company	Llc member	1 Dec 2013	Other	45-3980305
Inc. Bmk Holdings	Llc member	1 Dec 2013	Other	45-3980069
Wesley Warren Garton	Chief administrative officer	1 Dec 2014	Other	2958917
Prumentum Group Inc.	Member	1 May 2017	25% - 50%	810982120
Marthin Frederick De Beer	Elected manager	1 May 2017	Other	6688800
Larry Peter George Robinson	Elected manager	1 May 2017	Other	6808966
Michael H Woods	Elected manager	1 May 2017	Other	4604568
Sayed Mohammed Darwish	Chief compliance officer	1 Nov 2017	Other	6863530

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Martin Wallace	Director	1 Jan 1986	Other	806678
Jeffrey Travis Buckner	President	1 Aug 1998	50% - 75%	1086144
Steven Norman Frank	Executive vice president	1 Dec 1999	25% - 50%	3179303
Lawrence John Legrand	Executive vice president, chief financial officer	1 Apr 2001	25% - 50%	4520112
Peter Alex Mallouk	Sole shareholder	1 Dec 2003	75% - 100%	4508063
J. Christopher Kerckhoff	Sole shareholder	1 Jun 2010	75% - 100%	4553424
Harry Chad Frazier	Sole shareholder	1 Dec 2013	75% - 100%	4595432
Brian Louis Wiedermann	Sole shareholder	1 Dec 2013	75% - 100%	4595459
Brian Matthew King	Sole shareholder	1 Dec 2013	75% - 100%	5557679
Gateway Advisors Inc.	Managing partner	1 Apr 2015	75% - 100%	77-0133454
Great Purposes Llc	Managing member	1 Apr 2016	75% - 100%	47-3289313
Marthin Frederick De Beer	Managing member	1 Apr 2016	Other	6688800
Llc Awaken Partners	Shareholder	1 May 2017	25% - 50%	81-1473109
Llc Coco Partners	Shareholder	1 May 2017	25% - 50%	47-3867564

Based in Saint Louis

The principal office where Plancorp, LLC performs its advisory services is located at 540 Maryville Centre Drive, Saint Louis, MO 63141 5829, which is also the mailing address of the firm. An additional office of the firm is in San Jose, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 636-532-7824 or by fax 636-532-0274. The normal business hours are 8:30 am - 5 pm on Monday - Friday. You can find more information about the New York firm at plancorp.com.