V Wealth Advisors LLC (Overland Park)

Name: V Wealth Advisors LLC
Address: 6800 College Blvd., Overland Park, KS, 66211 1534
Telephone: 913 827-4600

V Wealth Advisors LLC is a large advisory firm based in Overland Park. It manages $836.36 million of regulatory assets for 5,406 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 22 other states.

V Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

V Wealth Advisors: assets under management

The assets under management (AUM) of V Wealth Advisors LLC is $836.36 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $836.36 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.71 thousand each.

V Wealth Advisors has custody of $12.36 million in cash and securities for 43 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 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay V Wealth Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients V Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of V Wealth Advisors is individuals with 2,921 clients and $549.31 million of assets under management. Among the 9 most similar advisory firms, V Wealth Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $836.36 million for 3,117 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.

V Wealth Advisors doesn't advise any private funds.

Careers at V Wealth Advisors LLC

The company employs 57 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 36 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brett Alan Lange	Member	1 Dec 2010	Other	4307774
Thomas Edward Blumer	Member	1 Dec 2010	Other	1828240
Timothy Alan Groebl	Member	1 Dec 2010	Other	2456543
Richard Joseph Groebl	Member	1 Dec 2010	Other	2210932
Tye Ryan Martin	Managing member	1 Dec 2010	Other	2182202
Richard Henry Meyer	Managing member	1 Dec 2010	Other	2150092
Scott Patrick Connors	Member	1 Dec 2010	Other	2050976
Deborah Sue Eckhoff	Chief compliance officer	1 Nov 2015	Other	2998263
Daniel Douglas Cherra	Member	1 Jan 2017	25% - 50%	3260993

Based in Overland Park

The principal office where V Wealth Advisors LLC performs its advisory services is located at 6800 College Blvd., Overland Park, KS 66211 1534, which is also the mailing address of the firm. An additional office of the firm is in Manhattan, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 913 827-4600 or by fax 913 827-4602. The normal business hours are 8:30 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at vwealth.com.