Stepp & Rothwell Inc (Overland Park)

Name: Stepp & Rothwell Inc
Address: 7300 College Boulevard, Overland Park, KS, 66210
Telephone: 913-345-4800

Stepp & Rothwell Inc is a large advisory firm based in Overland Park. It manages $565.48 million of regulatory assets for 1,808 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Stepp & Rothwell provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stepp & Rothwell: assets under management

The assets under management (AUM) of Stepp & Rothwell Inc is $565.48 million. The firm's AUM has grown by 392% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $542.86 million in discretionary accounts and $22.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $320.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $200.21 thousand.

Stepp & Rothwell has custody of $464.09 million in cash and securities for 241 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 77% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stepp & Rothwell Inc for their services and products based on a percentage of assets under management 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 Kathleen Stepp serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kathleen Stepp is high net worth individuals with 173 clients and $496.58 million of assets under management. Among the 9 most similar advisory firms, Stepp & Rothwell has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $548.99 million for 247 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.

Stepp & Rothwell doesn't advise any private funds.

Careers at Stepp & Rothwell Inc

The company employs 20 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 9 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.

Kathleen Stepp has been acting as President since 1 Jul 1992. Kenneth Joseph Eaton joined the executive team most recently as the Managing Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kathleen Ann Stepp	Vice-president	1 Jul 1992	50% - 75%	2206612
Kathleen Stepp	President	1 Jul 1992	50% - 75%	2206612
Howard Richard Rothwell	Secretary/treasurer/chief compliance officer	1 May 1998	50% - 75%	1429546
Dolores Rose Otto	President	1 Jan 2008	Other	5481522
Larissa Kristine Grantham	Principal advisor	1 Jan 2015	Other	5436346
Amy Marie Guerich	Client experience manager	1 Jan 2015	Other	6946623
Kenneth Joseph Eaton	Managing principal	1 Feb 2015	Other	2517750

Based in Overland Park

The principal office where Stepp & Rothwell Inc performs its advisory services is located at 7300 College Boulevard, Overland Park, KS 66210, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913-345-4800 or by fax 913-345-4801. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at steppandrothwell.com.