Searcy Financial Services, Inc. (Overland Park)

Name: Searcy Financial Services, Inc.
Address: 12980 Foster Street, Overland Park, KS, 66213 2703
Telephone: 913-814-3800

Searcy Financial Services, Inc. is a large advisory firm based in Overland Park. It manages $230.06 million of regulatory assets for 983 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, Arkansas, Florida, and 3 other states.

Searcy Financial Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Searcy Financial Services: assets under management

The assets under management (AUM) of Searcy Financial Services, Inc. is $230.06 million. The firm's AUM has grown by 214% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $226.78 million in discretionary accounts and $3.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $238.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $96.21 thousand.

Searcy Financial Services has custody of $14.77 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Searcy Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Michael John Searcy serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Michael John Searcy is high net worth individuals with 65 clients and $155.81 million of assets under management. Among the 8 most similar advisory firms, Searcy Financial Services has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $208.24 million for 170 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.

Searcy Financial Services doesn't advise any private funds.

Careers at Searcy Financial Services, Inc.

The company employs 7 people that are either part- or full-time employees. 100 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 receive compensation from other entities for client referrals.

Michael John Searcy has been acting as President since 1 Jul 2002. Ryan Wayne Brooke joined the executive team most recently as the Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael John Searcy	President	1 Jul 2002	75% - 100%	821456
Jessica Ann Searcy Maldonado	Vice president	1 Jan 2009	Other	4554864
Jessica Ann Kmetty	Principal and vice president	1 Jan 2009	Other	4554864
Marcus Clinton Shaffer	Principal	1 Nov 2010	Other	4777059
John Christopher Fales	Principal	1 Jan 2016	Other	6056370
Ryan Wayne Brooke	Principal	1 Jan 2019	Other	6422010

Based in Overland Park

The principal office where Searcy Financial Services, Inc. performs its advisory services is located at 12980 Foster Street, Overland Park, KS 66213 2703, which is also the mailing address of the firm. An additional office of the firm is in Naples, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-814-3800 or by fax 913-814-3900. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at searcyfinancial.com and its LinkedIn profile.