Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Edmonds Duncan Registered Investment Advisors, LLC Overview
Edmonds Duncan Registered Investment Advisors, LLC is a fee-only investment advisory firm located in Lawrence, KS. The firm has been in business since 2013 and specializes in providing investment advice to individuals and small businesses. As a fee-only adviser, the firm is committed to providing unbiased advice and has no financial incentive to recommend certain investments. The firm offers a range of services including financial planning, portfolio management, and pension consulting services. The financial planning services help clients identify their financial goals and create a plan to achieve them. The portfolio management services focus on creating customized investment portfolios for clients based on their individual risk tolerance and investment objectives. The firm's pension consulting services help small businesses manage their retirement plans to ensure compliance with regulations and provide retirement options for employees. Overall, Edmonds Duncan Registered Investment Advisors, LLC is a trusted and experienced investment adviser that provides a range of services to help clients achieve their financial goals. Their fee-only approach ensures that clients receive unbiased advice and empowers them to make informed decisions about their investments.
Edmonds Duncan Registered Investment Advisors, LLC caters to a diverse range of clients from individuals seeking financial advice to high net worth individuals, charitable organizations, and other corporate entities. The firm's expertise in financial planning and investment management offers customized solutions that meet the specific and unique needs of each client. Edmonds Duncan Registered Investment Advisors, LLC, provides its clients with a variety of fee structures to choose from that best suits their requirements. For instance, clients can opt for a percentage of AUM, where a fee is charged to manage their assets, or hourly fees, where clients pay for the time spent on assessing financial plans and strategies. Alternatively, fixed fees are available for agreed services covering a specific period. The choice of fee structure depends on the type of service provided which is determined through consultation between the client and the firm. These flexible fee structures allow clients to select the most suitable plan to satisfy their financial needs at a competitive cost.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure of Edmonds Duncan Registered Investment Advisors, LLC does not mention anything about their investment minimums.
How This Office Can Help Lawrence, KS Residents
Edmonds Duncan Registered Investment Advisors is a trusted financial advice firm dedicated to helping clients in Lawrence, KS to manage their finances effectively. They provide education, guidance, and support in various financial aspects, including investments, retirement planning, risk management, and tax planning, among others. The firm ensures that clients are equipped with the necessary financial tools and strategies to achieve their goals in life, whether it is to save for a child's education, build a retirement nest egg, or save for a down payment on a house. Living in Lawrence, KS, residents may encounter some unique financial challenges. For instance, they may need help with managing their student debts, saving for their first home, or paying off a mortgage. Additionally, they may have to navigate the complexities of investing in the stock market, navigating taxes, and planning for their retirement. Fortunately, Edmonds Duncan Registered Investment Advisors has the experience and expertise to help their clients overcome these and other financial hurdles they may face. Through personalized financial planning and management services, the firm provides clients with the resources they need to maximize their wealth and achieve their financial goals.
Services Offered by Edmonds Duncan Registered Investment Advisors, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Edmonds Duncan Registered Investment Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–4:30 PM
- Tue 8 AM–4:30 PM
- Wed 8 AM–4:30 PM
- Thu 8 AM–4:30 PM
- Fri 8 AM–4:30 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Edmonds Duncan Registered Investment Advisors, LLC is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Florida
- Kansas
- Missouri
- Nebraska
- North Carolina
- Texas
Disciplinary History
Edmonds Duncan Registered Investment Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.