Kummer Financial Strategies, LLC is a large advisory firm based in Overland Park. It manages $278.91 million of regulatory assets for 948 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 5 other states.
Kummer Financial Strategies provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and publication of newsletters. It prepares financial plans for more than 250 clients. On top of advisory services, the firm also engages as certain representatives sell insurance products.
The assets under management (AUM) of Kummer Financial Strategies, LLC is $278.91 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Kummer Financial Strategies, LLC for their services and products based on a percentage of assets under management and hourly charges. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Patricia Brown Kummer is high net worth individuals with 92 clients and $154.06 million of assets under management. Among the 12 most similar advisory firms, Kummer Financial Strategies has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $278.34 million for 376 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.
Kummer Financial Strategies doesn't advise any private funds.
The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Patricia Brown Kummer has been acting as President since 1 Jan 2018. Katrina Delores Scott has served as the Chief Investment Officer since 1 Jan 2018 and Martin Christopher Bicknell is the Chief Executive Officer of Kummer Financial Strategies, LLC family office. Anne Jenelle Dorian joined the executive team most recently as the Chief Compliance Officer.
The principal office where Kummer Financial Strategies, LLC performs its advisory services is located at 5700 W. 112 Th St, Overland Park, KS 66211, which is also the mailing address of the firm. An additional office of the firm is in Highlands Ranch, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 913-904-5700 or by fax 913-904-5701. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at kummerfinancial.com.