Commerce Brokerage Services, Inc. (Clayton)

Name: Commerce Brokerage Services, Inc.
Address: 8000 Forsyth, Clayton, MO, 63105 1707
Telephone: 800-772-7283

Commerce Brokerage Services, Inc. is a large advisory firm based in Clayton. It manages $461.81 million of regulatory assets for 3,511 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.

Commerce Brokerage Services provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Commerce Brokerage Services: assets under management

The assets under management (AUM) of Commerce Brokerage Services, Inc. is $461.81 million. The firm's AUM has grown by 99% since the beginning of its operation, and $70.84 thousand of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Commerce Brokerage Services, Inc. for their services and products based on a percentage of assets under management. 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 John Koeneman Handy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of John Koeneman Handy is individuals with 3,435 clients and $398.04 million of assets under management. Among the 7 most similar advisory firms, Commerce Brokerage Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $460.8 million for 3,505 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.

Commerce Brokerage Services doesn't advise any private funds.

Careers at Commerce Brokerage Services, Inc.

The company employs 32 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 32 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.

John Koeneman Handy has been acting as President since 1 Feb 2010. Ursula G Leath joined the executive team most recently as the Principal Operations Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Karen Louise Finke	Chief financial officer / treasurer	1 Jan 1990	Other	1901018
Commerce Bank	Sole stockholder	1 Jun 1992	75% - 100%	48-0962626
N.A. Commerce Bank	Sole stockholder	1 Jun 1992	75% - 100%	48-0962626
Charles Gorden Kim	Director	1 May 1993	Other	2233330
James Daniel Stinnett	Secretary	1 Feb 1996	Other	xxx-xx-xxxx
Robert Mason Jr Carr	Ceo/president/director	1 Feb 1998	Other	862092
Sheryl Marie Shelton	Chief operations officer / senior vice president	1 Feb 1998	Other	1750650
Joseph Gerard Schisler	Chief compliance officer (cco) - vice president - crop	1 Mar 2001	Other	1129244
Stephen Michael Kitts	Director, director of sales	1 May 2005	Other	1454457
Christopher Scott Radzom	Sales manager	1 May 2005	Other	2614302
Sheryl Marie Shelton	Director/chief operations officer / senior vice president	1 May 2007	Other	1750650
Michael Anthony Dardis	Chief compliance officer	1 Jul 2007	Other	4283030
William Joseph Sloan	Trade desk manager / rosfp	1 Dec 2007	Other	1439018
Jeffrey Albert Walck	Chief compliance officer	1 Jul 2008	Other	2061463
Amy Carlin Freeman Burton	Brokerage compliance principal	1 Jan 2009	Other	3191315
James Law Swarts	Corporate secretary	1 Aug 2009	Other	xxx-xx-xxxx
John Koeneman Handy	Chairman	1 Feb 2010	Other	2944308
Amy Carlin Freeman Burton	Chief compliance officer	1 Jul 2011	Other	3191315
Kimberly Ann Englehart	Compliance principal	1 Aug 2011	Other	1513928
Michael Anthony Dardis	Chief compliance officer	1 Jan 2012	Other	4283030
Christopher Scott Radzom	Chief operating officer	1 May 2012	Other	2614302
Steven Joseph Wildt	Chief compliance officer	1 Feb 2013	Other	5249448
Thomas Joseph Noack	Corporate secretary	1 Jul 2013	Other	6228860
Jeffrey Daniel Burgess	President/sales manager	1 Oct 2013	Other	5607524
Michael Anthony Dardis	Chief compliance officer	1 Dec 2013	Other	4283030
Judith Ann Payuk	Chief compliance officer	1 Jul 2014	Other	1274810
Arthur Alexander Iii Clyne	Sales manager	1 Jun 2016	Other	4935795
Tiffany Lynn Simpson	Chief financial officer / treasurer	1 Jan 2017	Other	6685507
Michael Anthony Dardis	Chief compliance officer	1 Jul 2017	Other	4283030
Ursula G Leath	Principal operations officer	1 Jul 2018	Other	4132754

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Commerce Bancshares	Sole owner	1 May 1984	75% - 100%	43-0889454

Based in Clayton

The principal office where Commerce Brokerage Services, Inc. performs its advisory services is located at 8000 Forsyth, Clayton, MO 63105 1707, which is also the mailing address of the firm. An additional office of the firm is in Joplin, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-772-7283 or by fax 314-746-3877. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at commercebank.com/brokerage.